You’ve finished your tax return for the year, but your work isn’t done. It’s time to put those records away and begin to focus on keeping track of … Read more about Spring Cleaning for Your Tax Records
A Look at 2015 Tax Filings and Audits
April may be the month for cherry blossoms in the U.S. capital, Earth Day celebrations, and, according to T.S. Eliot, “the cruelest month,” but it’s … Read more about A Look at 2015 Tax Filings and Audits
Retirement Accounts and the Unrelated Business Income Tax
It’s perfectly legal for IRAs or 401(k)s to own your business. (I wrote a lengthy piece about this for the SBA). Those who put the ownership of … Read more about Retirement Accounts and the Unrelated Business Income Tax
Work Opportunity Tax Credit: What’s New?
The work opportunity tax credit is a federal tax credit intended to encourage employers to hire workers from certain targeted groups. The credit had … Read more about Work Opportunity Tax Credit: What’s New?
Do You Levy a ‘Pink Tax’?
Do you charge more for women’s products and services than you do for comparable men’s products? Unfortunately, some companies do. According to a study … Read more about Do You Levy a ‘Pink Tax’?
Is Your Business Your Personal Pocketbook?
One of the first pieces of advice I give to those just starting a business is to separate your personal and business finances. Set up a separate … Read more about Is Your Business Your Personal Pocketbook?
Mileage Tracking for Greater Tax Savings
Likely you’ve already amassed the records needed for tax return preparation this year. Perhaps you’ve seen that there have been missed opportunities … Read more about Mileage Tracking for Greater Tax Savings
SEPs: IRA-Based Retirement Plans that Aren’t IRAs
As qualified retirement plans go, a SEP, which stands for Simplified Employee Pension, has a lot going for it. You can save substantial sums and take … Read more about SEPs: IRA-Based Retirement Plans that Aren’t IRAs
What the President’s Budget Proposals Mean for Small Businesses
Last week the President released his proposals for the government’s 2017 fiscal year. The budget includes new spending as well as new revenue ideas. … Read more about What the President’s Budget Proposals Mean for Small Businesses
Estate Planning for Your Business: Don’t Delay
According to a Kent State’s Succession Planning Workshop in 2012, more than 70% of privately-owned businesses will change hands within the next two … Read more about Estate Planning for Your Business: Don’t Delay
New Tax Rules for Business — Part 4 (S Corporations)
The Protecting Americans from Tax Hikes (PATH) Act, which was signed into law on December 18, 2015, extends permanently or temporarily many … Read more about New Tax Rules for Business — Part 4 (S Corporations)
New Tax Rules for Business — Part 3 (Research Credit)
The Protecting Americans from Tax Hikes (PATH) Act, which was signed into law on December 18, 2015, extends permanently or temporarily many … Read more about New Tax Rules for Business — Part 3 (Research Credit)
New Tax Rules for Business — Part 2 (New Employees)
The Protecting Americans from Tax Hikes (PATH) Act, which was signed into law on December 18, 2015, extends permanently or temporarily many … Read more about New Tax Rules for Business — Part 2 (New Employees)
New Tax Rules for Business — Part 1 (Equipment Purchases and Leasehold Improvements)
The Protecting Americans from Tax Hikes (PATH) Act of 2015, which was signed into law on December 18, 2015, extends permanently or temporarily many … Read more about New Tax Rules for Business — Part 1 (Equipment Purchases and Leasehold Improvements)
Tax Rules for Turtle Businesses
No, this term doesn’t refer to pet stores or turtle farmers. It refers to small business owners who carry their businesses on their backs. They work … Read more about Tax Rules for Turtle Businesses
