The tax law is not static. Since the publication of this book, the Tax Cuts and Jobs Act of 2017 (TCJA) as well as other legislation have been … Read more about Supplement to J.K. Lasser’s Small Business Taxes 2018
Tax Preparation Challenges for Small Businesses
According to survey results from Staples, more than half of small business owners view tax preparation as complicated and, surprisingly, nearly 50% … Read more about Tax Preparation Challenges for Small Businesses
Black History Month and One Amazing Female Entrepreneur
Sarah Breedlove, who would later take the name of Madam C. J. Walker, was born in Louisiana on December 23, 1867; her parents were former slaves. … Read more about Black History Month and One Amazing Female Entrepreneur
5 Reasons to Amend Your Partnership Agreement
A partnership agreement is a legal document that spells out the rights and obligations of the owners, such as their percentages of ownership, their … Read more about 5 Reasons to Amend Your Partnership Agreement
Note to Self: Don’t Look Back!
Note to Self: Life doesn’t have do-overs, so we all have to make choices and live with them. You’ll make career choices that you’ll have to live … Read more about Note to Self: Don’t Look Back!
Data Prep for Your W-2s and 1099s
The deadline for furnishing employees and independent contractors with their annual information returns and submit copies to the Social Security … Read more about Data Prep for Your W-2s and 1099s
New Business Books for You
As I’ve quoted before: “An investment in knowledge pays the best interest” (Benjamin Franklin). With this in mind, I want to tell you about some new … Read more about New Business Books for You
How Much Tax Will You Pay on Your Pass-through Income?
The Tax Cuts and Jobs Act of 2017, which was signed into law on December 22, 2017, radically changes the rules that now apply for taxing the profits … Read more about How Much Tax Will You Pay on Your Pass-through Income?
Eliminating Pain Points of Paper Filing When Switching to E-Filing
Let’s face it: the days of keeping books and records, as well as filing tax returns and other documents, on paper are long gone. The image of Dicken’s … Read more about Eliminating Pain Points of Paper Filing When Switching to E-Filing
New Rules for Writing Off Equipment, Vehicles, and More
The Tax Cuts and Jobs Act of 2017 made a variety of favorable changes in the rules for deducting the cost of buying certain items and making certain … Read more about New Rules for Writing Off Equipment, Vehicles, and More
New! New Year’s Resolutions
I’m sure that most business owners make resolutions each year with the best of intentions. At the start of last year I listed 10 New Year’s … Read more about New! New Year’s Resolutions
Looking Back on Build Your Business Radio
The final broadcast of my radio show was this month, closing out 10 years of hosting a podcast on wsRadio called Build Your Business and then the … Read more about Looking Back on Build Your Business Radio
How to Classify Independent Workers When It Comes to Tax Time
Your business needs help. You engage a worker to meet this need. Be sure that you properly classify this worker — as an employee or independent … Read more about How to Classify Independent Workers When It Comes to Tax Time
What the Tax Cuts and Jobs Act Means to You
On December 20, 2017, Congress passed the largest piece of tax legislation in many years. It makes dramatic changes for individuals and businesses. … Read more about What the Tax Cuts and Jobs Act Means to You
Schedule a Coffee, Lunch, or other Meeting with…
As the year winds down, you may want to connect with certain people vital to your business. You can do this in person — have coffee, a lunch, or a … Read more about Schedule a Coffee, Lunch, or other Meeting with…
