Choosing the right business structure can make a big difference in your tax bill and long-term growth. Most entrepreneurs start as Schedule C filers because it’s quick and simple — but as profits increase, so do tax liabilities. That’s where an S-Corporation can help. When Schedule C Works Best If you’re just getting started and earning under $60,000 in profit, filing as a Schedule C sole proprietor is straightforward and low-cost. However, it means you’ll pay self-employment tax on 100% of...

If you’ve been thinking about launching your business, you don’t have to wait until January 1 to make it official. In fact, forming your business before year-end can put you in a stronger financial position and set you up for success in 2026. A lot of new entrepreneurs make the mistake of waiting for the “perfect time.” The truth? There’s no perfect time—there’s just now. Starting your LLC, registering for your EIN, and setting up your bookkeeping system before the year closes can save you...

Scholarship season brings opportunity—and unfortunately, scammers. Every year, families lose money to fake “award” programs. Here’s how to spot real funding opportunities and avoid the traps. Sections: The Most Reliable Sources studentaid.gov , Fastweb, College Board’s BigFuture, local credit unions, verified nonprofit foundations. Common Red Flags Any request for payment or “deposit.” Promises of “guaranteed awards.” Requests for Social Security numbers outside official portals. How to...