The Consolidated Appropriations Act, 2023 , which was signed into law on December 29, 2022, made a number of changes impacting qualified retirement … Read more about A New Look at Your Retirement Plan
Recession-Proofing Your Business: Making Strategic Plans
Each year for the past several years, I’ve run a series of articles throughout the year on a single main topic and this year will be devoted to … Read more about Recession-Proofing Your Business: Making Strategic Plans
Five New Year’s Resolutions
While few keep them, it doesn’t stop us from making them every year. Inc. reported that of the 41% of Americans who make New Year’s Resolutions, only … Read more about Five New Year’s Resolutions
Startup Ideas: Looking Back on 2022
As the year comes to a close, all businesses should review their business activities for the year. This is especially critical for startups coming off … Read more about Startup Ideas: Looking Back on 2022
Ideas for Recovering from Holiday Stress
For many small business owners, the holiday season is their peak period for sales in the year. This means long hours and continual problem solving. … Read more about Ideas for Recovering from Holiday Stress
Cutting Payroll Costs without Cutting Payroll
As a recession looms, companies should be thinking about ways to reduce their overhead. There may be no need to take action now, but being prepared to … Read more about Cutting Payroll Costs without Cutting Payroll
Partnerships and LLCs: What IRS Statistics Tell Us
“Coming together is a beginning, staying together is progress, and working together is success.” ~ Henry Ford A partnership is not a taxpaying … Read more about Partnerships and LLCs: What IRS Statistics Tell Us
Hold Your Annual Board Meeting: When, Where, and What to Do
Many businesses are in the midst of their busy season. Nonetheless, there’s a housekeeping matter that shouldn’t be overlooked. One of the … Read more about Hold Your Annual Board Meeting: When, Where, and What to Do
Hiring the Wrong Person: How to Avoid It
You hear a lot about wrongful termination where an employee claims he or she shouldn’t have been fired. This may be actionable, resulting in costly … Read more about Hiring the Wrong Person: How to Avoid It
Surcharge or Cash Discount: What Are Your Options
You’re probably familiar with gas stations offering two rates: one for paying with cash and one for paying with a credit or debit card. Is this a cash … Read more about Surcharge or Cash Discount: What Are Your Options
Postponing Taxes: Sell Now, Pay Later
When you sell inventory, the result is reported currently as ordinary income. You can’t exclude the income and you can’t defer it. When you sell … Read more about Postponing Taxes: Sell Now, Pay Later
Are You a Foreign Business?
Your business is located in the U.S, all your employees are in the U.S, and all your sales are made within the U.S. So how can you be called a … Read more about Are You a Foreign Business?
J.K. Lasser’s Small Business Taxes 2023: A Book Review
For more than 25 years, I’m proud to say my tax book for small businesses has been the go-to guide for owners and their tax advisers. The 2023 edition … Read more about J.K. Lasser’s Small Business Taxes 2023: A Book Review
Thanksgiving Holds Special Significance for Business Owners
“Cultivate the habit of being grateful for every good thing that comes to you, and to give thanks continuously. And because all things have … Read more about Thanksgiving Holds Special Significance for Business Owners
What to Do When You Don’t Get Paid
As recession creeps up, it’s likely that money owed to you may become harder to collect. Perhaps it’s outstanding receivables. Maybe you’ve loaned … Read more about What to Do When You Don’t Get Paid
