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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. In 2013 there were a bit over 24 million sole proprietors reporting about $1.34 trillion in gross business receipts. . 

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Do You Know Your Lifestyle Ratios?

Stephanie LH Calahan

Most of the entrepreneurs I talk with tell me that they started their business because they wanted some form of freedom.    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.    What about you?

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