If you are an owner of a business in which other family members — a spouse, sibling, child, or other relative — also have an ownership interest, … Read more about Succession Planning for Your Family-Owned Business
How to Protect Your Intellectual Property
Merriam-Webster defines intellectual property, or IP, as “property (as an idea, invention, or process) that derives from the work of the mind or … Read more about How to Protect Your Intellectual Property
Warning: Good and Bad News for Self-Employed Individuals’ Health Coverage
Every individual is required to have minimum essential health coverage for him/herself and children up to age 18 or pay a penalty (unless exempt from … Read more about Warning: Good and Bad News for Self-Employed Individuals’ Health Coverage
Should You Give Your CPA Power of Attorney?
In order for the IRS to discuss your tax issues with your CPA, you must sign IRS Form 2848, Power of Attorney and Declaration of Representative to … Read more about Should You Give Your CPA Power of Attorney?
Tax Issues for Spouses Co-Owning Businesses
No one knows how many businesses in the U.S. are co-owned by spouses. A professor from Oklahoma State University estimated in 2000 that there were … Read more about Tax Issues for Spouses Co-Owning Businesses
Contests Can Help You Grow Your Business
With the Olympics underway in Rio, it’s easy to see how being a winner is a great feeling. It can also translate into economic rewards as medalists … Read more about Contests Can Help You Grow Your Business
What are the Tax Consequences of Your Crowdfunding Efforts?
When you raise money for your business through crowdfunding your goal is to have the funds needed for a specific purpose. The last thing you probably … Read more about What are the Tax Consequences of Your Crowdfunding Efforts?
Customize Your Tax Strategies
Tax experts, including myself, often write in generalities about tax actions that small business owners should take. The general advice may be fine … Read more about Customize Your Tax Strategies
Your Company’s Social Responsibility
What are you doing for others and why does it matter? The question of social responsibility has always been a concern to small businesses that are … Read more about Your Company’s Social Responsibility
5 Things to Do During a Slow Summer
Sylvia Plath wrote: “August rain: the best of the summer gone, and the new fall not yet born. The odd uneven time.” For small business owners, it’s a … Read more about 5 Things to Do During a Slow Summer
Summer Reading the Small Business Way
Summertime is a great time to catch up on reading. While some are only interested in perusing beach books, entrepreneurs may relish some helpful … Read more about Summer Reading the Small Business Way
Archiving Your Company’s History
Today, everything is becoming cloud based, but papers still matter. Maintaining a written history of your company though the paperwork it has produced … Read more about Archiving Your Company’s History
What You Can Do to Protect Client and Customer Data
In early July the IRS urged tax return preparers to protect client information. However, this urging should not be limited to preparers; it really … Read more about What You Can Do to Protect Client and Customer Data
Worker Misclassification: How to Beat the IRS
One of the hottest issues with the IRS continues to be worker classification. Businesses may treat workers as independent contractors while the IRS … Read more about Worker Misclassification: How to Beat the IRS
What’s Your ‘ACA’ Number?
The Affordable Care Act (ACA) imposes responsibilities on certain employers. It also offers a tax break to certain employers. Who these employers … Read more about What’s Your ‘ACA’ Number?
