Author: K&A Team
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“How to Pay Yourself as a Business Owner: A Guide to Salaries, Draws, and Distributions”
You did it. You took the leap, started your business, and after pouring in countless hours of sweat and effort, you’ve started making money. Now comes one of the most exciting—and confusing—questions an entrepreneur can ask: “How do I pay myself?” Taking money out of your business isn’t as simple as pocketing cash from the…
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Can I Deduct That? Debunking 5 Common Myths About Business Expenses
As a business owner, you live by the mantra “every penny counts.” When tax season approaches, you diligently collect receipts and bank statements, hoping to maximize your deductions and lower your tax bill. In your quest for savings, you’ve likely heard tips and “tricks” from fellow entrepreneurs, online forums, or that one uncle who fancies…
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The Profit Paradox: Why Your Successful Business Might Be Cash-Poor
It’s one of the most confusing and stressful situations a business owner can face. You look at your income statement, and the numbers are glowing. You have a healthy net profit, your margins look good, and by all accounts, your business is a success. You feel a surge of pride. Then you log into your…
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The Alphabet Soup of Business: LLC vs. S Corp Explained
When you start a business, one of the first and most critical decisions you’ll make is choosing a legal structure. This choice impacts everything from your personal liability to how much you pay in taxes. For many small business owners, the decision boils down to two popular options: the Limited Liability Company (LLC) and the…
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The Digital Ledger: Choosing the Right Accounting Software for Your Business in 2025
In today’s fast-paced business world, running your company on spreadsheets is like navigating a highway with a horse and buggy. It might get you there eventually, but it’s inefficient, prone to error, and puts you at a serious disadvantage. Modern accounting software is the engine your business needs—automating tasks, providing critical insights, and keeping you…
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The Tangled Web of E-Commerce: A Simple Guide to Sales Tax for Online Businesses
Launching an online store has never been easier. With just a few clicks, you can reach customers across the country, turning your passion into a thriving business. But as your sales grow, you’ll inevitably encounter one of the most complex challenges in e-commerce: sales tax. What used to be a relatively straightforward issue has become…