No employer thinks a simple sick leave request could end up costing hundreds of thousands of dollars. But it happens. Employees raise health-related needs all the time—sometimes directly, sometimes indirectly. They might say they can’t work Tuesdays because of a standing therapy appointment. They might mention needing random days off for a mental health condition. Or they might call in sick so often they’ve burned through all their PTO and unpaid time.

Choosing the right business entity is an  important decision for any entrepreneur. It can influence everything from liability protection to taxation and growth potential. Many business owners start their journey informally, often as sole proprietors or default partnerships, but, as the business grows, seeking expert advice to establish a formal entity becomes essential to protect assets and optimize operations.

Managing taxes can be challenging as a sole proprietor! By taking advantage of available deductions and credits you can significantly lower your taxable income- but knowing if you qualify, planning ahead and keeping compliant records isn’t always top of mind with everything else you have to do while running a business.

For small business owners, finding ways to save on taxes while planning for the future is essential. One important strategy for business owners to know about is contributing to a retirement plan. Not only does this help secure your financial future, but it also offers significant tax advantages that can benefit your business today.