Accounting
How Much Should You Pay Yourself?
Three CreateWorth readers reveal what they pay themselves and why. Joselle Ho, Miso MediaSalary: My two co-founders and I each make $65,000-$70,000. We started when we went from bootstrapped to funded, a year and a half in Take-Home: It's every... ➡
Balance Sheets Tell All
Have you asked your bookkeeper for a balance sheet lately? Or perhaps you're wondering, what's a balance sheet? It's a snapshot of your company’s assets, liabilities, and owner’s equity at a given point in time. Do you need one? Yes. For... ➡
Does Your CPA Pass the Quarterly Tax Test?
Ten years ago, business lawyer Nina Kaufman went from running her own shop to joining a limited-liability partnership. She was thrilled…until April 15 arrived, and with it, a $20,000 tax bill. Turns out, she should have been paying quarterly... ➡
Meal Deductions, Explained
One of your employees announces that she’s engaged, and you take her and the office out to lunch to celebrate. In the evening, you take out your business partner to celebrate the company’s one-year anniversary. Both of those count as business... ➡
