Should Every Contractor Become an S-Corp? Not So Fast…
If you scroll through social media, you’ve probably heard this one: “Every contractor should open an S-Corp to save on taxes!” But here’s the truth — I’ve worked with many contractors who rushed into an S-Corp too soon and ended up spending more than they saved. When you’re starting out, it can actually make more […]
📊 Understanding Your Profit and Loss (P&L)
💸 Why Does My Business Show a Profit but There’s No Money in the Bank? One of the most common frustrations for small business owners is this:Your Profit & Loss report (P&L) shows a profit, but your bank account says otherwise. So… where’s the money? In this article, we’ll break down why your business can […]