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
Trading Goods, Services, and Property: Taxes Implications
Some businesses like to swap their goods and services with other companies. In fact, according to Barter News Weekly, nearly one-third of small … Read more about Trading Goods, Services, and Property: Taxes Implications
Preparing for a Recession
Why would you consider thinking about a recession when we’re in the middle of a boom economy? Because every boom is followed at some time by a bust. … Read more about Preparing for a Recession
Tax Cost of Living Adjustments (COLAs) for 2019
There are dozens of numbers used for benefits, limitations, thresholds, and other rules for various tax breaks that can be adjusted annually for … Read more about Tax Cost of Living Adjustments (COLAs) for 2019
J.K. Lasser’s Small Business Taxes 2019
I’m proud to say it’s the 25th year of the original publication, and it’s all new for 2018 returns and year-round tax planning. The new edition, named … Read more about J.K. Lasser’s Small Business Taxes 2019
