Are You a 52-53 Week Fiscal Year Filer?

Are you a 52 53 week fiscal year filer? Fiscal year – 12 consecutive months ending on the last day of any month except December. A 52-53-week tax year is a fiscal tax year that varies from 52 to 53 weeks but does not have to end on the last day of a month. Read … Read more

Profit Margin on Toys: Understanding the Business

What is the profit margin on toys? The average profit margin is 23.3% to 25.9% per item. The manufacturer usually doubles the cost of a product to wholesale it to retail. If a product costs $5 to make, it is sold for $10 to the retailer who would sell it for $15-$20. Read more on … Read more

Can My Business Own a Brokerage Account?

Can my business own a brokerage account? With a brokerage account, you can trade stock or use it as an investment account. Small business proprietors prefer to incorporate them to manage cash, track expenses, setup automatic recurring payments and transfer funds between multiple accounts. You can set up these accounts online in minutes. Read more … Read more

What Roast is Least Bitter?

What roast is least bitter? Light roast coffee is usually less bitter tasting than dark roast coffee. Read more on realgoodcoffeeco.com For many people, the bitterness of their coffee can make or break their experience. While some coffee connoisseurs might love the strong, bitter flavor of a dark roast, others might want a gentler taste. … Read more

Is Photography Qualified Business Income?

Is photography qualified business income? A photographer can be a sole proprietor or just freelance filing a Schedule C, and they will be able to take the 20 percent deduction on qualified business income (QBI). Qualified business income (QBI) is defined as net income. Read more on nppa.org In recent years, the photography sector has … Read more

Dissolving an LLC in Montana: A Step-by-Step Guide

How do I dissolve an LLC in Montana? To dissolve an LLC in Montana, simply follow these three steps: Follow the Operating Agreement. Step 1: Follow Your Montana LLC Operating Agreement. For most LLCs, the steps for dissolution will be outlined in the operating agreement. Step 2: Close Your Business Tax Accounts. Step 3: File … Read more

Business Ideas for Your Car: How to Make Money

Which business can I do with my car? Make Money with Your Car Corporate Car Service. You can still offer on-demand transportation service without driving for Uber or Lyft. Child Pickup Service. Mobile Mechanic Service. Mobile Laundry Service. Vacation RV Rental Service. Read more on smallbiztrends.com There are many ways to use your car as … Read more