Sales tax is a cost imposed on a company’s customers for the goods and services it sells. It’s up to the company to collect the tax from these … Read more about Sales Tax Issues for 2019
5 Lessons from the Government Shutdown
The federal government “shutdown” ran from midnight on December 22, 2018, until January 25, 2019, a total of 35 days. During this time, many small … Read more about 5 Lessons from the Government Shutdown
Steps to Take for Better Data Security
It’s not news that small businesses are targets for cyber attacks that compromise their prized data. This can leave their data on customers and … Read more about Steps to Take for Better Data Security
Naming a Partnership Representative on Your Tax Return
If you are an owner in a partnership or limited liability company filing Form 1065, Partnership Income Tax Return, there’s a new chore to do this year … Read more about Naming a Partnership Representative on Your Tax Return
Special Tax Breaks for Farmers
The majority of the more than 2 million farms in the U.S. are small businesses. The USDA says that “in 2016, farms organized as pass-through entities … Read more about Special Tax Breaks for Farmers
Disability Coverage for Owners and Employees
It’s an unfortunate fact that the chances of becoming disabled are too high to be ignored. According to Council for Disability Awareness, 1 in 4 of … Read more about Disability Coverage for Owners and Employees
Figuring Your Estimated Taxes
Business owners who are self-employed usually pay their taxes in four estimated tax payments for the year. The final installment for 2018 is due on … Read more about Figuring Your Estimated Taxes
Developing Leadership Qualities
The start of a new year is a great time for small business owners to reflect on the kind of leaders they are or should be. Ray Kroc, founder of … Read more about Developing Leadership Qualities
Special Elections to Reduce Your Tax Bill
Most tax rules are fixed and you must follow them. But there’s some flexibility which is provided through special tax elections. You can choose in … Read more about Special Elections to Reduce Your Tax Bill
New Year’s Resolutions from the Experts
According to History.com, the concept of New Year’s resolutions dates back about 4,000 years to the Babylonians who recorded their resolutions during … Read more about New Year’s Resolutions from the Experts
Looking Back on 2018: Good News for Small Businesses
Media headlines may have been hogged by politics, natural disasters, and the deaths of well-known people, such as President George H.W. Bush. But … Read more about Looking Back on 2018: Good News for Small Businesses
Setting Your Holiday Schedule for the Coming Year
Most retailers are closed on Christmas, which happens to be a federal holiday. In fact, there are 9 federal holidays. As an employer, you are not … Read more about Setting Your Holiday Schedule for the Coming Year
5 Ways Higher Interest Rates May Affect Your Business
The Federal Reserve has raised its federal funds rate (referred to as the fed funds rate) several times this year and expects to have additional … Read more about 5 Ways Higher Interest Rates May Affect Your Business
Stock Options and Your Small Business
Small business owners who’ve incorporated may be reluctant to share ownership with staff. However, the National Center for Employee Ownership lists a … Read more about Stock Options and Your Small Business
10 Rules for Qualified Small Business Stock
Some businesses can issue stock that entitles owners to eventually obtain tax-free income when they sell their stock. Yes, 100% of gain on the sale of … Read more about 10 Rules for Qualified Small Business Stock
