When most business owners think about what an employee costs, they think about the hourly rate or annual salary. If you're paying someone $25 an hour, that's what they cost, right? Not even close. The true cost of an employee is significantly higher than their base wage. Depending on your industry and benefits structure, you could be paying 25% to 40% more than that hourly rate once you factor in payroll taxes, insurance, benefits, and the hidden costs that rarely make it int

Two of the most commonly claimed deductions for small business owners are also two of the most commonly misunderstood: the vehicle deduction and the home office deduction. These aren't exotic tax loopholes. They're legitimate deductions available to nearly every business owner who uses their personal vehicle for business or dedicates space in their home to their work. The challenge isn't whether you qualify. The challenge is understanding the rules well enough to claim what y

Most small business owners are undercharging. Here's how to calculate what you need to charge, implement value-based pricing, and build a business that actually supports your life.

S Corp election is often pitched as a tax no-brainer. But when you factor in the QBI deduction, Tennessee's F&E tax, overhead costs, and compliance requirements, the break-even is higher than you think.