You’re probably familiar with the problems that individuals face with identity theft. You file your return electronically and it’s rejected because an … Read more about Tax ID Thieves Targeting Businesses
Quiz on Tax Rules for Small Businesses
When it comes to tax rules, there are many misconceptions among small business owners. While their CPAs likely will get things right when they … Read more about Quiz on Tax Rules for Small Businesses
Who Is an Employer? It’s More Difficult to Determine Today
The unemployment rate is down and many companies are looking for new employees. The government, on the other hand, is looking to impose employer … Read more about Who Is an Employer? It’s More Difficult to Determine Today
Pre-Tax Arrangements for Your Employees
To the extent that an employer can enable employees to pay for some personal needs on a pre-tax basis, both the employer and the staff win. The … Read more about Pre-Tax Arrangements for Your Employees
Timing Is Everything in Business: Watch Deadlines and Statutes of Limitations
Apparently, the statement that timing is everything can be traced to the Greek poet Hesiod who said “Observe due measure, for right timing is in all … Read more about Timing Is Everything in Business: Watch Deadlines and Statutes of Limitations
S Corporations and Basis Essentials to Know
There were 4.8 million S corporation returns filed during the government’s 2016 fiscal year. There are no recent statistics on the number of … Read more about S Corporations and Basis Essentials to Know
5 Reasons Why It’s Great to Be a Small Business
Just ask the owners of the more than 30 million small businesses in the U.S. While celebrating small businesses during National Small Business Week … Read more about 5 Reasons Why It’s Great to Be a Small Business
Advancing Funds to Your Corporation: Loans or Capital Contributions?
Many small businesses depend on infusions of cash from their owners in order to meet cash flow needs or finance expansion plans. The infusions can be … Read more about Advancing Funds to Your Corporation: Loans or Capital Contributions?
5 Last Minute Tax Tips for Your Taxes
The vast majority of small business owners—most of whom report their share of business income on their personal returns—use paid preparers to complete … Read more about 5 Last Minute Tax Tips for Your Taxes
Settling Up with the IRS
Even though audit rates are at historic lows — just 0.7% overall in the government’s 2016 fiscal year — you may be the unlucky taxpayer to fall under … Read more about Settling Up with the IRS
Is It Time to Terminate an S Election?
S corporations are corporations formed under state law that elect to be taxed as pass-through entities for federal income tax purposes. Most states … Read more about Is It Time to Terminate an S Election?
Which Legal Fees Are Deductible?
“Lawyers are seldom loved but often needed,” according to Robert B. McCay, who was a former dean at NYU Law School. In the course of your business … Read more about Which Legal Fees Are Deductible?
What’s Next for Nexus?
The dictionary defines nexus as a connection or link. In tax parlance, it means having a significant physical presence within a state so that a … Read more about What’s Next for Nexus?
Vendor Financing for Equipment Purchases
If you need new equipment, whether large or small, determine whether you can afford it. Not buying equipment can cost you dearly in lost … Read more about Vendor Financing for Equipment Purchases
Boomers on the Payroll: What You Need to Know
According to the National Council on Aging, by 2019, 25% of the American workforce will be age 55 or older. Whether you have seniors on your … Read more about Boomers on the Payroll: What You Need to Know
