Do you know where or how I can apply for a business loan?

Best place to start is SBA.gov The small business administration is the best source for different types of funding needs depending on your business structure.

Should I file separately or jointly?

If you are unsure, most tax software programs have a feature that will calculate what you have entered either as married or separate. I recommend using the feature to make sure what is the best tax treatment for you.

What deductions can I take on my personal taxes next year?

The typical deductions are interest payments, for example the interest you pay on your mortgage, interest paid to banking institutions, not credit cards. Interest on loans. Tuition cost and supplies for school. Credits towards IRA’s Business use of home, especially during COVID. Vehicle expense and depreciation of use. Mileage and registration fees. State and local sales tax, used tax

What's the difference between an S corp and a C corp?

The biggest difference between C and S corporations is taxes. C corporations pay tax on their income, plus you pay tax on whatever income you receive as an owner or employee. An S corporation doesn’t pay tax. Instead, you and the other owners report the company revenue as personal income.

What do I need to do to register a business?

Start with obtaining a new EIN from irs.gov. Then decide which state you want your business registered in and you can fill out articles of incorporation at their secretary of state website

What accounting software should I use?

For beginning businesses QuickBooks is the best user friendly software to track expenses and deposits. For more advanced systems, Great Plains or Microsoft Dynamics. If you need an ERP system SAP or Sage are the best in my opinion.

Assets appraisal Archives - Wiley Financial

How To Define The Worth Of A Startup

Defining the worth of a business startup is not a complex procedure. When determining the worth of a business, an appraiser calculates the market value of a venture. Determining the worth of a startup entails looking at its assets, income, and share market. Here are the methods of defining the worth of a startup: Classical… Continue reading How To Define The Worth Of A Startup

8 Valuation Tips Before Taking Your Business Public

For those of you who do not know, taking your business public means selling your company in the form of public shares. A previously privately owned company undertakes the appropriate IPO and the transaction becomes complete. However, you need your business valuation if you want to go public. Business Appraisal: What Exactly Does it Mean?… Continue reading 8 Valuation Tips Before Taking Your Business Public

8 Reasons To Get Your Business Assets Appraisal

Assets Appraisal for business is a must these days and we will tell you why? Business valuation and asset appraisal can be a tricky process. With hundreds of external and internal influencing factors, the actual value of your business may remain unclear. Wiley Financial can help determine an accurate asset appraisal in San Diego. With… Continue reading 8 Reasons To Get Your Business Assets Appraisal

5 Tips Before You Get a Construction Equipment Appraisal

Construction trucks set. Yellow heavy machines for building works. Bulldozer, excavator, quarry, tractor collection isolated on white background. Building industry concept

A large chunk of operational costs of running a construction company is the purchase of heavy construction equipment. When it comes to disposing of your construction equipment, you need to sell it at the demand value; otherwise, your equipment will sell at a scrap value. However, it is complex to appraise your equipment value accurately… Continue reading 5 Tips Before You Get a Construction Equipment Appraisal

7 Things to Know About Business Valuation for Small Business

There are a handful of common reasons why a business owner needs to do their business valuation. Some common examples are; looking to sell; looking to merge or acquire another company, needing financing or investors, possible tax purposes, and possible for divorce proceedings. Each valuation will be determined by the scenarios mentioned above. As an… Continue reading 7 Things to Know About Business Valuation for Small Business

5 Benefits Of Getting a Business Valuation

A business valuation provides the business owner with multiple facts and figures regarding the actual worth or value of the company in terms of market competition, asset values, and income values If you have not had an assessment of your business’ value over the course of the last twelve months, you should consider it. A… Continue reading 5 Benefits Of Getting a Business Valuation

THE IMPORTANCE OF BUSINESS VALUATION

THE IMPORTANCE OF BUSINESS VALUATION Business owners spend considerable time and energy trying to enhance company value by developing growth plans with well-defined goals. These plans are designed to maximize value over time, but it’s hard to achieve those goals without knowing where to begin. Not only do owners need to understand what their business… Continue reading THE IMPORTANCE OF BUSINESS VALUATION

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