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Do you Want to Go into Business for Yourself?
Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that...
Accounting and payroll resources for small business owners.
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2 min read
Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that...
2 min read
The word “concentration” is usually associated with a strong ability to pay attention. Business owners are urged to concentrate when attempting to...
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An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be...
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This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half...
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Don’t let the holiday rush keep you from taking some important steps to reduce your 2019 tax liability. You still have time to execute a few...
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Time flies when you’re having fun — and running a business. Although it’s probably too early to start chilling a bottle of bubbly for New Year’s Eve,...
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Think hackers are only trying to target large corporations for their cyber-attacks. Think again! If you are an employee of a small to medium-sized...
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Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being audited are in your favor. In fiscal year 2018,...
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Everyone needs to plan for retirement. But as a business owner, you face a distinctive challenge in that you must save for your golden years while...
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The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This benefit results in tax deductions for...
The IRS announced it has detected a new phishing scam involving unsolicited emails from IRS imposters. Subject lines on the phony emails include...
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Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation (at least at the...
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The news of another massive online data breach may make you feel powerless to safeguard your financial privacy. But you can take some concrete steps...
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If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS, a harsh...
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“Gamification.” It’s perhaps an odd word, but it’s a cool concept that’s become popular among many types of businesses. In its most general sense,...
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If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t...
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The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax...
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Many factors go into the success of a company. You’ve got to offer high-quality products or services, provide outstanding customer service, and...
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Regardless of what type of business you are planning – be it an online or home business, or a start-up with grand plans for expansion, it is easy for...
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Ask many entrepreneurs and small business owners to show you their financial statements and they’ll likely open a laptop and show you their...