By All Accounts

Handshake is an imaginary company set to ignite the business management landscape for creative entrepreneurs and freelancers. Its mission is to streamline the entrepreneurial journey's complexities, provide an innovative solution to bolster productivity and fuel the creative spirit.

Small businesses have a lot of hurdles to overcome in their first few years, and unfortunately, many don’t make it. Starting a business comes with a lot of work and risk, and keeping a business alive can be even more difficult.

Women-owned businesses are growing at a staggering rate in the U.S., contributing the lion's share of family income and driving the economy. In 2022, 47% of entrepreneurs were women. Yet female-owned businesses continue to be undercapitalized — and likely under-considered by financial institutions trying to determine how they can best serve their customers.

Entrepreneurship will continue to surge in 2023 with millions of Americans starting new businesses this year, according to a new study on small business growth.

Running a small business comes with many challenges, not the least of which is accurate planning for taxes. However, this task doesn’t have to be difficult, and the banks and platforms that serve small businesses can help.

The U.S. tax code is complex. In a report to Congress back in 2012, the Tax Advocate Service reported that “the most serious problem facing taxpayers — and the IRS — is the complexity of the Internal Revenue Code (the ‘tax code’).” Yet it hasn’t been simplified. It’s only become more complex.