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
Startup Ideas: 5 Business Numbers to Watch Carefully
Understanding and monitoring your business’ financial information is critical to success. When starting a business, financial terminology may be … Read more about Startup Ideas: 5 Business Numbers to Watch Carefully
Election Results: Impact on Your Workplace and Your Business
November 8th was Election Day. Who knows what impact a new Congress will have on your business; it’s too early to tell. But voters across the country … Read more about Election Results: Impact on Your Workplace and Your Business
Veterans as Entrepreneurs and Business Owners
November 11 is Veterans Day and October 31 through November 4, 2022, was National Veterans Small Business Week. According to the SBA, veterans own … Read more about Veterans as Entrepreneurs and Business Owners
How Important Is ESG to Small Businesses?
How does your company measure up when it comes to environmental, social, and governance (ESG) performance? For publicly-traded corporations, ESG is a … Read more about How Important Is ESG to Small Businesses?
5 Ways Intelligent Automation Will Benefit Your Employees
Intelligent automation is already a powerful force in our everyday lives. Computers remember our passwords, phones are starting to use facial … Read more about 5 Ways Intelligent Automation Will Benefit Your Employees
Tax Credit Refunds—What to Know
Tax credits are a dollar-for-dollar reduction of taxes owed. Some credits offset income taxes; others offset employment taxes. Some credits are part … Read more about Tax Credit Refunds—What to Know
Lining Up Your Employee Benefits Programs for 2023
Bank of America’s 2022 Workplace Benefits Report found employers play an important role in their employees’ financial wellness. Employees are stressed … Read more about Lining Up Your Employee Benefits Programs for 2023
The Importance of Positivity and Your Business
There’s a lot to be concerned about today—inflation, high interest rates, labor challenges (the inability to find and keep good employees, plus quiet … Read more about The Importance of Positivity and Your Business
Politics in the Workplace: Policies and Practicalities for 2022
It seems that just about everything is political. With the mid-term elections fast approaching, there are strong feelings that are being expressed on … Read more about Politics in the Workplace: Policies and Practicalities for 2022
Your Driving Policies
Do you have business-owned vehicles that employees use company business? Do you require employees to use their own vehicles for business driving? … Read more about Your Driving Policies
