Tax breaks are being pared, but one that remains is the ability of certain corporations to issue stock that owners will eventually be able to sell tax … Read more about Big Tax Break for Section 1202 Stock: Which Businesses Qualify?
Supplement to J.K. Lasser’s Small Business Taxes 2022
The pandemic triggered numerous changes in tax law as reflected in the book. But tax law is not static and new legislation, IRS pronouncements, and … Read more about Supplement to J.K. Lasser’s Small Business Taxes 2022
Can You Trust These Business Colloquial Expressions?
You’ve heard the phrases that have become cliches in business parlance, such as cash is king. They are repeated as if they are always correct. But … Read more about Can You Trust These Business Colloquial Expressions?
6 Financial Management Tips for Entrepreneurs
The ongoing COVID-19 pandemic has sparked an uptick in the number of entrepreneurs and companies entering their respective industries. More and more … Read more about 6 Financial Management Tips for Entrepreneurs
Making Changes Now to Your 401(k) Plan
One of the most popular types of qualified retirement plans for businesses large and small is the 401(k) plan. It is funded mainly by employees … Read more about Making Changes Now to Your 401(k) Plan
3 Ways to Use Automation for Everyday Business Tasks
Small businesses, by definition, have limited staff and resources. In order to operate “big,” technology has provided some practical assistance. … Read more about 3 Ways to Use Automation for Everyday Business Tasks
What to Do About Inventory Challenges in 2022
The post-holiday season is the time for taking a physical inventory of your merchandise and restocking your shelves. According to U.S. Census Bureau … Read more about What to Do About Inventory Challenges in 2022
Business Owners and their “Combat Fatigue”
Combat fatigue, according to the dictionary, is a psychological disturbance caused by prolonged exposure to active warfare, especially being under … Read more about Business Owners and their “Combat Fatigue”
Latest Update on COVID-19 Rules and the Workplace
UPDATE: On January 13, 2022, the U.S. Supreme Court ruled that the federal government could not impose OSHA’s mandate on private businesses with 100 … Read more about Latest Update on COVID-19 Rules and the Workplace
Reporting Payments to Independent Contractors: 5 Things to Know
If you engage independent contractors and pay them in the aggregate $600 or more during the year, you must report payments to them and to the IRS. In … Read more about Reporting Payments to Independent Contractors: 5 Things to Know
Make Plans, Not Resolutions
New Year’s resolutions have become a perennial activity. For personal reasons, resolutions usually focus on becoming healthier, saving money, and … Read more about Make Plans, Not Resolutions
Assessing 2021: Good Year or Bad for Your Business?
Whether the past 12 months have been profitable or not, one thing you surely can say is that it hasn’t been dull. The past year has seen the rise of … Read more about Assessing 2021: Good Year or Bad for Your Business?
What’s a Registered Agent and Do You Need One?
If your business is a corporation—whether a regular C corporation or an S corporation—you may want or need to use a registered agent. The same is true … Read more about What’s a Registered Agent and Do You Need One?
The Latest Tax Statistics on Partnerships and LLCs
A partnership is not taxpaying entity, but files an annual tax return, Form 1065, to report income, deductions, and other items. These items pass … Read more about The Latest Tax Statistics on Partnerships and LLCs
Recovery Strategies: Building Reserves to Protect Your Business in the Future
It’s understandable that many small businesses continually play catchup. They’re usually in a constant state of troubleshooting and often find … Read more about Recovery Strategies: Building Reserves to Protect Your Business in the Future
