Follow @BarbaraWeltman As in the case of sole proprietorships, the tax statistics on partnerships (including limited liability companies that file … Read more about Partnerships and LLCs: A Tax Perspective
Sole Proprietorships: A Tax Perspective
Follow @BarbaraWeltman IRS statistics help to paint a picture of sole proprietorships in the U.S. and makes for interesting reading. Following a … Read more about Sole Proprietorships: A Tax Perspective
Should Small Business Saturday Be a Tax Holiday?
Follow @BarbaraWeltman Small Business Saturday® (SBS), which is the first Saturday after Thanksgiving, was established by American Express OPEN in … Read more about Should Small Business Saturday Be a Tax Holiday?
Buy or Lease Your Next Business Vehicle
Last year was the best year for the automotive industry since 2005, with more than 16.4 million vehicles sold. This year is expected to be even … Read more about Buy or Lease Your Next Business Vehicle
The President’s Tax Proposals
Follow @BarbaraWeltman In the President’s State of the Union Address on January 20, 2015, he laid out some tax proposals designed to raise revenues … Read more about The President’s Tax Proposals
Multiple Businesses: Business, Legal, and Tax Considerations
The term "multiple businesses" connotes multinational corporations with intertwining ownership of many entities. But many entrepreneurs own and run … Read more about Multiple Businesses: Business, Legal, and Tax Considerations
What to Do About Sec. 179 Uncertainty
Follow @BarbaraWeltman Here’s the catch-22 for businesses: in order to increase their capital good, equipment is necessary, but to get the equipment, … Read more about What to Do About Sec. 179 Uncertainty
Starting the New Year off Right for Tax Savings
Taxes may not be the primary issue on the minds of business owners at this time of the year, but they perhaps should be. Essentially taxes are the … Read more about Starting the New Year off Right for Tax Savings
5 Financial and Tax Planning Things to Do Right Now
Follow @BarbaraWeltman The clock is ticking and the year is winding down. Don’t let December 31 take you by surprise. Act now to solidify your … Read more about 5 Financial and Tax Planning Things to Do Right Now
Basis Basics for Owners of Pass-Through Entities
If you're an S corporation shareholder, a partner in a partnership, or a member of a limited liability company (LLC), one tax rule applies to you: You … Read more about Basis Basics for Owners of Pass-Through Entities
Key Person Life Insurance: Who, What, Where, When, and Why
Many small businesses depend greatly on a particular individual. This may be a key salesperson, a designer, or someone else with unique talent and … Read more about Key Person Life Insurance: Who, What, Where, When, and Why
What Does the IRS Have Against Food?
Follow @BarbaraWeltman Nothing, unless you want to deduct it or otherwise get a tax benefit from it. There are only limited situations in which you … Read more about What Does the IRS Have Against Food?
Taking the Confusion out of Business versus Investment Treatment
The tax law has a number of provisions that have different results depending on whether the subject is viewed as a business or as an investment. The … Read more about Taking the Confusion out of Business versus Investment Treatment
Encouraging Employee Education
On my desk I have a quote from Benjamin Franklin that reads: "An investment in knowledge pays the best interest." Employers who embrace this … Read more about Encouraging Employee Education
