While taxable income and adjusted gross income (AGI) might sound similar, they refer to different stages of your income after certain deductions and adjustments have been applied. AGI starts with your ...

An employee’s salary isn’t the only form of income they receive. Imputed income may be provided to employees who work at your small business. If so, it is important to recognize it to avoid tax ...

Cassie is a former deputy editor who collaborated with teams around the world while living in the beautiful hills of Kentucky. Focusing on bringing growth to small businesses, she is passionate about ...

An income statement is your business’s bottom line: your total revenue from sales minus all of your costs. Financial data is always at the back of the business plan, but that doesn’t mean it’s any ...

The vision at the start of the entrepreneur’s journey is freedom. But one day, you realize that you’ve been grinding for years–late nights, early mornings, wearing all the hats while putting out ...

Starting and managing a successful business requires a considerable amount of time, effort and money. While more and more people have become interested in becoming entrepreneurs in recent years, ...

Hobby income and expenses aren't reported to the IRS the way business income and expenses are. Here's how to tell what type ...

There are many ways to generate passive income and change your financial future. Whether you want to earn just an extra $1000 per month on the side or go into something full-time and replace your ...