Self-employment offers flexibility, independence and the potential for unlimited earnings, but it also comes with important financial responsibilities—one of the most significant being taxes, as your CPA can attest to.
Every business owner aims to maximize profits, yet many overlook hidden expenses that quietly drain resources. These costs may seem insignificant, but over time, they add up, reducing profitability and restricting growth.
Managing payroll is one of the most important responsibilities for business owners. Ensuring employees are paid correctly and on time is essential not only for maintaining morale and compliance but also for avoiding payroll tax issues that could lead to audits, penalties, or even legal trouble.
