According to a QuickBooks survey, 40% of small business owners identify as financially illiterate. Other findings: 81% handle their business’ finances themselves; 66% wish they knew more about finances; and 28% are in debt. As a result, Intuit unveiled a new interactive tool designed to encourage new and emerging small business owners to test and improve their financial literacy. Test your small business financial literacy here.
Don’t forget … for year-round tax planning and critical business strategy, you’ll want your copy of J. K. Lasser’s Guide to Self-Employment: Taxes, Tips and Money-Saving Strategies for Schedule C Filers - available on Amazon!