One of the best things about running an online business is that you can hire someone that works ANYWHERE!  This can open up your business to some great talent and people all over the world. Here’s what to know if you plan to hire team outside of the United States. In this post, we are focusing […]

Every accountant will tell you the same thing:  “Don’t commingle your funds” (which is accountant lingo for ‘don’t mix your business and personal money’). BUT, I don’t often hear them explain why. If pressed, they will usually talk about audits being worse, LLC protection voided, and complex things that like.  And while those are absolutely […]

I had a little explaining to do in the carpool line when my then 6 year old blurted that out during school drop-off one day.  Many of the other parents and teachers were confused, and honestly the IRS doesn’t understand what I do in my business much better.  If you spend hours teaching workshops on […]

Sounds a little bit like something you would see in a James Bond movie, not hear from an accountant… So what the heck are they, and do you need a Registered Agent? When you created your LLC or Corporation, it made your business a separate legal entity from you personally.  And because it’s a separate […]

Don’t Just Do It For The Deduction At Empowered Profit, we are so honored to support some amazing businesses that are making a difference in the lives of their clients and in the world.  One of the ways those businesses want to make a bigger impact is by making financial contributions to organizations they want […]

Hey biz owner, we know you are busy serving clients, managing your growing team, trying to stay on top of the admin side of your business AND trying to be a great partner, friend and maybe even a parent at home! No wonder taxes keep sneaking up on you – you have a lot on […]

If you’re anything like me, you can’t stand clutter. Mail, papers, physical clutter, digital clutter…when I am in the mood to purge, oh man – it’s all going. Especially at the end of the year when we are preparing for the holidays and spending more time indoors. When it comes to business and financial records, […]