Are you a freelancer or independent contractor? Perhaps you hired one to provide services for your business? If you fall on either side of the spectrum you need to understand Form 1099-NEC. Form 1099 NEC, requires business owners to report payments to non-employees starting in 2020. Prior to 2020, business owners reported these payments on […]

Contrary to popular belief, tax season is a year-round experience. Although the deadline is April 15th for most people (3/15 if you have a partnership or Scorp), the IRS and the state that you operate in actually expects you to make quarterly estimated tax payments throughout the year. Here is a helpful link on when […]

The heart is one of the body’s most essential organs. One can argue that the heart is the most important as it sends oxygen and nutrients to all other parts of your body and works incredibly hard to keep you alive. As it relates to your business, I truly believe that your finances are the […]

Let’s face it- when you’re an entrepreneur- planning for the day you retire is likely the last thing on your mind and not your biggest priority. You left your “good 9-5” to build the business of your dream. You traded in “stability” and a steady paycheck for autonomy over your life and no ceilings to […]

Key performance indicators also referred to as KPI’s represent the critical indicators of progress towards a goal. KPIs “provide a focus for strategic and operational improvements, create an analytical basis for decision making and help focus attention what matters most.” One of the reasons I started the Blk Report was because I recognized that many […]

In many cases, most people start a business because they found something they are wildly passionate about or highly skilled in that they want to share with the world, they are seeking freedom and autonomy from the traditional 9-5 or some combination of both. Does this sound like you? You’ve experienced a tremendous amount of […]