When are my taxes due?
April 15: Due date to file tax returns for Individuals and C Corps. March 15 was the day for S Corps and Partnerships.
Should I hire an accountant?
You could file your taxes yourself, but do you want to? Trust a CPA with a fiduciary duty to lower your taxes as much as possible
Should I have a separate bank account for my business?
Absolutely yes. You should not comingle your personal financial activities with that of your business.
What is good bookkeeping?
Good bookkeeping groups your revenues and expenses in their proper categories. This way your Income Statement is useful.
What are profit margins?
Profit margins are the difference between the revenue you’ve made from a customer and the direct costs it took to produce them.
What type of structure should I form for my business?
It can really depend on the individuals and circumstances when you select between an S Corp, an LLC, and even a C Corp.