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
Earned Income Tax Credit and Your Business
There’s a perception that the earned income tax credit (EITC) is a giveaway and it is only for the working poor. January 27, 2017, is EITC Awareness … Read more about Earned Income Tax Credit and Your Business
Tax Safe Harbors for Small Businesses
There are a number of so-called safe harbors that businesses can use to simplify their tax lives. Unfortunately, understanding these safe harbors can … Read more about Tax Safe Harbors for Small Businesses
10 Ways to Borrow Money
Do you have big plans for 2017, such as starting a new line, hiring additional employees, or expanding to another location? If you need capital to … Read more about 10 Ways to Borrow Money
10 New Year’s Resolutions for this Tax Season
While the filing deadline for your 2016 federal income tax return isn’t until April 18, 2017, it’s not too early to take measures that will make this … Read more about 10 New Year’s Resolutions for this Tax Season
Looking Back on 2016 and Ahead to 2017
This has been quite a year for small businesses in the U.S. Much has happened, and much is anticipated in the coming year. Let’s look back on … Read more about Looking Back on 2016 and Ahead to 2017
Partnerships and LLCs from a Tax Perspective
A partnership is not a tax-paying entity, but files an annual tax return, Form 1065, to report income, deductions, and other items. These items pass … Read more about Partnerships and LLCs from a Tax Perspective
Defining Small Business for Tax Reform Purposes
“Small business owners” are part of the tax reform conversation that is underway, but what does this term mean? The Treasury’s Office of Tax Analysis … Read more about Defining Small Business for Tax Reform Purposes
Sole Proprietorships on the Rise
Recently released IRS statistics for 2014 show that there is a growing number of sole proprietorships in the U.S. Sole proprietorships are taxpayers … Read more about Sole Proprietorships on the Rise
Planning for Year-End Bonuses
Has 2016 been a good year for your business? The time is growing short for you to address the matter of year-end bonuses. According to the 2016 … Read more about Planning for Year-End Bonuses
What to Do if You Can’t Pay Your Employment Taxes?
Cash is tight and you are in a quandary about whether to pay your quarterly employment taxes to the federal government or pay your supplier for … Read more about What to Do if You Can’t Pay Your Employment Taxes?
What Does a Trump Presidency Mean for Small Business?
Congratulations to Donald Trump, who is now the President-Elect. With the election in our rear view mirror, now’s the time to focus on the … Read more about What Does a Trump Presidency Mean for Small Business?
The Language of ACA
When then-majority leader Nancy Pelosi said “we have to pass the bill [Affordable Care Act, or ACA for short] so you can find out what is in it,” she … Read more about The Language of ACA
Is it Time to Revisit Your Estate Plan?
Do you already have an estate plan? When was the last time you reviewed it? Changes in your life, your business, and the world, are all good … Read more about Is it Time to Revisit Your Estate Plan?
Getting Health Coverage for 2017
The last quarter of the year is packed with activities for a small business owner, including year-end planning and budgeting for next year. One … Read more about Getting Health Coverage for 2017
