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Watch On YouTube If you plan to hire employees, your tax responsibilities extend beyond income tax to employment taxes. The either/or dilemma is often between the ease of paying an independent contractor vs. the compliant, but more complex, process of hiring an employee. A Sound business always prioritizes compliance.
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Watch On YouTube For a new entrepreneur, the business checkbook is one of the most powerful tools you have. The either/or dilemma is often between viewing it as a simple payment ledger or seeing its potential as a comprehensive recordkeeping tool. A Sound strategy transforms the checkbook into a
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Watch On YouTube One of the biggest mistakes investors make is using the same investment strategy for both long-term goals (retirement) and short-term goals (a down payment). The either/or dilemma is between chasing growth or seeking stability. Sunlight (Time Horizon) is the single most important factor. A long timeline
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Watch On YouTube Once you have qualified for the home office deduction, the next question is how to calculate it. The either/or dilemma is often between the tedious calculation of actual expenses vs. a simpler, more streamlined approach. The Simplified Method is the Simple alternative. Even if you qualify,
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Watch On YouTube Tracking and categorizing expenses can be one of the most tedious parts of bookkeeping. The either/or dilemma is often between using a complex software or manually compiling messy receipts. The single-entry system provides a clear, organized solution. This is where you record all the money you
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Watch On YouTube Transforming a 'ghost plan' into a 'living map' requires a commitment to partnership. The most important thing is to acknowledge the vulnerability that most people ignore until it's too late. The solution requires more than a spreadsheet; it requires a commitment
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Watch On YouTube One of the main frustrations for new entrepreneurs is the time investment required for compliance and setup. Many generic courses overwhelm with 2+ hours of information dumps. The either/or dilemma is between spending weeks researching or skipping the critical steps. Our course, informed by a ChFC®
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Watch On YouTube The array of business structures can make the initial setup feel paralyzing, leading to significant decision-making anxiety for founders. Resolving this challenge isn't about memorizing every detail, but rather applying a simple, constitutional principle: clarifying your core priorities. A clear understanding of priorities simplifies the
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Watch On YouTube For a new entrepreneur, the business checkbook is a core tool, but only if used correctly. The either/or dilemma is often between the convenience of commingling funds and the long-term security of separation. This Safe practice is critical for every business owner. Total Separation is the
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Watch On YouTube Many businesses are moving to computerized recordkeeping systems for efficiency. However, the law is clear: All requirements for hard copy records also apply to electronic records. The either/or dilemma is often between the convenience of digital and the security of paper. A Safe system provides both.
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Watch On YouTube Good records are required by the IRS, but they are far more than just a compliance chore. They are a powerful business tool. The either/or dilemma is often between neglecting records (easier now) vs. ensuring compliance/growth (better later). A Sound strategy does both. A solid
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Watch On YouTube Operating a business as a sole proprietor offers a direct path to entrepreneurship, but it also introduces specific tax responsibilities that often catch new founders off guard. The anxiety of unknown tax obligations can be debilitating, but a clear understanding can transform this stress into empowerment. It’