Want to Be an Entrepreneur? Here Are Tips for Starting a Small Business
Follow your passion. Do your own thing. Be your own boss. It’s a great time to take a closer look at what it means to go into business for yourself. Today, freelancers represent 35% of U.S. workers and collectively earned $1 trillion in the past year, according to the “Freelancing in America: 2016″ a study conducted by Freelancers Union and Upwork. In the age of internet-based job marketplaces, sharing economy gigs, and multi-level marketing roles, your opportunity to starting a small business is vast.
Best Industries for Start-Up Businesses
Here’s a closer look at which industries are ripe for a start-up business (it’s not just tech), who is taking the leap and some of the best places for starting a small business.
LLC or S Corp?
Of course, it’s also important to look at how being an entrepreneur affects your taxes. We delve into the biggest differences between two common options: the LLC and S corp (corporation). There are differences between LLC and S corp’s tax liability, structure, requirements, and costs. Which one is right for you? This guide may help you decide:
Click to view larger image
Are you facing debt as a self-employed person? Working for yourself may mean large investments and erratic income. Learn how to tackle the debt at H&R Block.
Do you run two or more businesses from your home? Learn from the experts at H&R Block how to claim a home business tax deduction for both on your tax return.
There are many benefits to separating your personal and business finances. Learn more with the tax experts at H&R Block.
Learn all about EIC notices that you may receive from the IRS. H&R Block tax pros will help you with all of your tax filing needs.