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Use of Contract Labor by Sole Proprietors Surging

Small Business Labs

The IRS recently released the 2013 data on sole proprietors. This data covers business receipts, deductions, and net income reported by individual taxpayers on Schedule C of Form 1040. This is how most independent workers and small businesses report business income for tax purposes. million sole proprietors who reported $1.30

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Do You Know Your Lifestyle Ratios?

Stephanie LH Calahan

Each month, you may anxiously await the reports that provide the numbers that help you manage your business.    Revenue, net income, total expenses, and payroll costs are just a few of the items that you may be monitoring on your profit and loss statement.  For interest income, it is likely to be very little.

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