According to Council for Disability Awareness, the chances that a working person will experience a disability are high. For example, a female, age … Read more about What Happens if You Become Disabled?
Benjamin Franklin said it best: “Waste neither time nor money, but make the best use of both. Without industry and frugality, nothing will do, and … Read more about 10 Ideas for Avoiding Waste
The IRS released statistics on 2014 income tax returns filed by individuals. It includes income and losses reported by sole proprietors on Schedule … Read more about What Do Tax Stats Tell Us about Small Business?
In order for the IRS to discuss your tax issues with your CPA, you must sign IRS Form 2848, Power of Attorney and Declaration of Representative to … Read more about Should You Give Your CPA Power of Attorney?
No one knows how many businesses in the U.S. are co-owned by spouses. A professor from Oklahoma State University estimated in 2000 that there were … Read more about Tax Issues for Spouses Co-Owning Businesses
When you raise money for your business through crowdfunding your goal is to have the funds needed for a specific purpose. The last thing you probably … Read more about What are the Tax Consequences of Your Crowdfunding Efforts?
Tax experts, including myself, often write in generalities about tax actions that small business owners should take. The general advice may be fine … Read more about Customize Your Tax Strategies
Sylvia Plath wrote: “August rain: the best of the summer gone, and the new fall not yet born. The odd uneven time.” For small business owners, it’s a … Read more about 5 Things to Do During a Slow Summer
One of the hottest issues with the IRS continues to be worker classification. Businesses may treat workers as independent contractors while the IRS … Read more about Worker Misclassification: How to Beat the IRS
The Affordable Care Act (ACA) imposes responsibilities on certain employers. It also offers a tax break to certain employers. Who these employers … Read more about What’s Your ‘ACA’ Number?
The U.S. Small Business Administration says that 52% of all businesses in the U.S. are home-based. If you’re one of them, planning to become one of … Read more about 5 Tips for Setting up a Home Office
Each state has its own regime for corporate income tax, sales tax, use tax, and other revenue raisers. Typically, you are subject to a state’s taxes … Read more about You May Be a Multistate Business and Not Know It
The U.S. Census Bureau reported several years ago that self-employed and microbusinesses (no more than 9 employees) made up over 78% of small … Read more about On-Demand Economy and Taxes
The Treasury Inspector General for Tax Administration released a report that chided the IRS for losing more than $70 million by not correctly … Read more about When Hobby Activities Are Businesses
If your business is incorporated, when you sell your stock, the gain usually is taxed at 15% or 20%, depending on your tax bracket (which is based in … Read more about Zero Capital Gains Tax on Your Company Stock?