The small business owners’ simple guide to finances.
Feeling overwhelmed by your business’s finances? You’re not alone. The world of numbers, spreadsheets, and financial jargon can be intimidating, but it doesn’t have to be. We created the Know Your Worth course to give you the simple, clear guidance you need to take control of your business’s financial future.
We’ve made this course completely free because we believe every small business owner deserves a solid financial foundation. Our simple guide to finances will walk you through everything you need to know, in a way that’s easy to understand and even easier to apply.
Unpack the 2% tax rule, its effects on miscellaneous itemized deductions, and what the tax reform means for personal and business taxes.
What IRS Code 150 on your tax transcript signifies about your tax return processing, implications for your refund, and overall tax status.
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Essential steps and considerations for hiring your first employee, from tax obligations to legal requirements, ensuring a smooth process.
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How to legally rent your home to your business for events, maximizing tax benefits while adhering to IRS rules and regulations.
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Use the safe harbor rule to avoid IRS underpayment penalties, including eligibility criteria, calculation methods, and strategic tax planning.
Implement the backdoor Roth IRA strategy to maximize your retirement savings, understanding its benefits, limitations, and tax implications.
Determine if your rental income qualifies for the QBI deduction, including eligibility criteria, limitations, and strategic considerations for landlords.
Quick reference — 2025/2026 Form 1099-K thresholdForm 1099-K reporting threshold — currently $20,000 AND more than 200 transactions per third-party settlement organization (Venmo, PayPal, Etsy, Stripe, etc.).If you receive payments at or below either threshold from a single TPSO for goods or services, that platform isn't required to issue you a 1099-K. You still owe [...]
Getting a mortgage with unpaid taxes: navigating challenges, understanding lender considerations, and strategies to secure financing.
IRS debt forgiveness programs: eligibility, application processes, and how to negotiate tax debts effectively for financial relief.
