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Business Accounting

How to Startup and Keep Your Day Job

Keeping your day job while starting a business is a tried-and-true way to ease into entrepreneurship without going broke. But it can also leave you bleary-eyed from lack of sleep and without even a shred of personal life. That’s a “recipe for disaster,” says Kristin Cadinale, author of “The 9-to-5 Cure.” Running a side-business or […]
Business Accounting

Why You Should Hurry Up and Start a Small Business Already

recently passed new laws Only this year, you can deduct $10,000 of startup costs, double the previous figure. Write off 100 percent of up to $500,000 in equipment costs your first year. If you have costs beyond there, you can write off 50 percent of them right away under the bonus depreciation clause. Investors can […]
Business Accounting

Note to Entrepreneurs: Laid-Off Workers No Longer Want to Be You

Apparently, all the people out there who want to start businesses have now done it. A new study from Challenger, Gray & Christmas shows the percent of laid-off workers starting their own businesses sunk to an all-time low in the first half of this year. Just 3.7 percent of job-seekers ended up starting a business […]
Business Accounting

“Papa” John Gets His Car Back

Entrepreneurs often have to make tough sacrifices to get their businesses off the ground. For John Schnatter, it was his 1971 Z28 Camaro. He sold the gold-and-black car for $2,800 in 1983 and used the money to save his father’s tavern from closing and start his own business: Papa John’s pizza restaurant. Twenty-five years later, […]