Freedomfolio

What Is Better LLC or S Corp: A Detailed Guide

Choosing the right business structure can impact your taxes, liability, and growth. When asking “what is better, LLC or S Corp,” it’s essential to evaluate legal protection, tax benefits, ownership limits, and long-term goals. This article helps you understand the main differences, pros and cons, and practical steps to make the right choice for your […]

Virtual CFO Support: The Smarter Way to Build Financial Strength

Running a business takes more than ambition—it takes clarity, structure, and informed decision-making. As your company grows, managing finances, taxes, and forecasts becomes complex and time-consuming. That’s where virtual CFO support steps in. It bridges the gap between bookkeeping and strategy, offering financial leadership that scales with your business while ensuring smarter planning, consistent reporting, […]

What Is the Penalty for Filing Taxes Late — and Why You Should Care

Missing a tax deadline can lead to more than frustration — it can cost you money, time, and peace of mind. So, what is the penalty for filing taxes late? The IRS typically charges 5% of the unpaid amount for each month or part of a month that your return is late, up to 25%. […]