Tips for self-employed workers who must handle their own tax obligations

self employed business taxes

The number of people who are working for themselves continues to grow… This means millions more Americans are responsible for reporting self-employment income and keeping track of the taxes they owe. Business tax preparation can be tricky for those new to the self-employment ranks, requiring taxpayers who work for themselves to account fully for their earnings and to pay taxes they owe on time. It’s one of the responsibilities of working for yourself, handling your tax obligations because there is no employer withholding the necessary amounts from each paycheck to send…

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How Can Small Businesses Benefit From Disruptive Innovation

How Can Small Businesses Benefit From Disruptive Innovation

Disruption has always been an integral aspect of the business arena. History has many examples where one innovative idea shook up the industry, and new methods replaced old practices. However, in modern times, the momentum at which new businesses disrupt industries has increased. Disruptive innovation refers to innovations and technologies that disrupt existing markets and value networks. Today, technology continues to evolve business practices as new advancements keep coming to the fore, disrupting industries. People generally have their loyalties attached to brands, and they do not switch to new offerings…

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California wildfires may need to be a way of life, say insurance officials

California wildfires - forest on fire

After 2020’s record-breaking fire season, officials warn that this may be an ongoing trend. California wildfires caused the destruction of over 10 million acres in 2020 according to a progress report from the U.S. Department of Agriculture outlining the resilience strategy. The progress report’s focus is on efforts to reduce fire fuel through forest thinning strategies. Details from the strategy show that federal efforts will be rising by “two to four times more” than the current levels for reducing destruction from the blazes. This plan was released by the Biden…

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