If you have a corporation, be sure to hold your annual meeting before the end of the year. This is state law requirement. Understand why you want to … Read more about Annual Meeting Reminder
Shadow Workers: Consequences to All
Shadow workers, also referred to as ghost workers, are employees who work off the books. They are paid “under the table.” Companies don’t keep records … Read more about Shadow Workers: Consequences to All
Financial Recovery after a Disaster
The Atlantic hurricane season ended on November 30 without any major storm. It’s been 10 years since any big hurricane has hit Florida, and as a … Read more about Financial Recovery after a Disaster
Writing Off Tangible Property Purchases the Easy Way
Usually, when you acquire any tangible property expected to last more than a year, you must recover the cost through depreciation allowances claimed … Read more about Writing Off Tangible Property Purchases the Easy Way
“Gig Economy” and Worker Classification
Sen. Mark Warner (D-VA) is focusing attention on the new sharing economy. (An article on the sharing economy can be found in Big Ideas for Small … Read more about “Gig Economy” and Worker Classification
Equity Crowdfunding Now?
In April 2012, the JOBS Act authorized the SEC to promulgate regulations that enable businesses to raise capital from the public without going through … Read more about Equity Crowdfunding Now?
Is It Time to Make Changes in Your Business?
Albert Einstein said: “Insanity: doing the same thing over and over again and expecting different results.” Many small business owners try to grow … Read more about Is It Time to Make Changes in Your Business?
Helping Employees Save if You Don’t Offer a Retirement Plan
Many small businesses offer 401(k)s or other qualified retirement plans so that owners and employees can save for retirement on a tax-advantaged … Read more about Helping Employees Save if You Don’t Offer a Retirement Plan
Congress’ Budget Deal includes Tax Changes
The budget deal passed by Congress last week, called the Bipartisan Budget Act of 2015, funds the government for two years and extends the debt … Read more about Congress’ Budget Deal includes Tax Changes
Special Tax Concerns for Cash Businesses
Many small businesses do some or all of their transactions in cash. This raises some special issues and concerns. Technically, being paid in cash … Read more about Special Tax Concerns for Cash Businesses
J.K. Lasser’s Small Business Taxes 2016
This is my perennial tax book. I know it’s not a page turner like The Survivor (currently #1 on the New York Times best seller list) or Life and Other … Read more about J.K. Lasser’s Small Business Taxes 2016
Accounting for T&E Expenses
Most small businesses incur travel and entertainment costs. They travel to see vendors, attend trade shows, and meet with customers and clients. If … Read more about Accounting for T&E Expenses
Fixing Compensation Packages in Light of Audit Technique Guides
Follow @BarbaraWeltman Compensation today is more complicated than in the past. It’s no longer confined to a paycheck and a fringe benefit or … Read more about Fixing Compensation Packages in Light of Audit Technique Guides
Do We Need a National Disaster Tax Relief Act?
Follow @BarbaraWeltman Looking at pictures of the floods in Charleston, SC, and elsewhere earlier this month made me think about my horrendous … Read more about Do We Need a National Disaster Tax Relief Act?
NOLs: Waive the Carryback?
Follow @BarbaraWeltman If your business sustains losses, you may be eligible for a net operating loss (NOL). In most cases, the NOL is carried back … Read more about NOLs: Waive the Carryback?
