2 min read
Closing a Business Involves a Number of Tax Responsibilities
While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close...
2 min read
While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close...
7 min read
Summer is a good time to reflect on tax planning moves that could lower this year's tax bill. It appears there won't be any significant federal tax...
3 min read
There's been a significant increase in new business applications in recent years. Finance company NerdWallet estimates that 2.8 million new business...
2 min read
From the minute they open their doors, business owners are urged to monitor cash flow closely. For good reason, even companies with booming sales can...
6 min read
Summer is a good time to take stock of how your small business is doing this year and consider options for reducing your 2024 federal income tax...
2 min read
You should understand the tax implications if you’re selling property used in your trade or business. Many complex rules can potentially apply. To...
2 min read
At some point, all business decisions come down to dollars and cents. How much will it cost to implement a particular program, and what's the...
2 min read
With each passing year, as networked technology becomes more and more integral to how companies do business, a simple yet grim reality comes further...
2 min read
Business owners are rightly urged to develop succession plans so their companies will pass on to the next generation, or another iteration of...
3 min read
Moving is widely considered one of life's most stressful events — and that's just going from one residence to another. Imagine moving an entire...
5 min read
If you're financially successful or expect to become so, taxes are or will become one of your biggest expenses — and most people want to minimize...
2 min read
Running a restaurant can be challenging, to say the least. Handling finances while managing day-to-day operations can be overwhelming. That’s why...
2 min read
There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners...
1 min read
You may have to make estimated tax payments if you earn income that's not subject to withholding, such as income from self-employment, interest,...
7 min read
The rules for deducting depreciation expenses on vehicles used for business purposes have been liberalized under current tax law, but they remain...
2 min read
When you encounter the word “pivot,” you may think of a politician changing course on a certain issue or perhaps a group of friends trying to move a...
2 min read
Many companies choose not to combine real estate and other assets into a single entity. Perhaps the business fears liability for injuries suffered on...
2 min read
Business owners are commonly and rightfully urged to generate financial statements regularly in compliance with Generally Accepted Accounting...
3 min read
Once you're married, you have two options when it comes to filing your annual federal income tax return — married filing jointly or married filing...
4 min read
Are you planning to take a business trip this year? If your destination is known for its cultural or recreational attractions, you might want to...
4 min read
The number of people being audited by the IRS isn't that high. For many years, less than 1% of taxpayers undergo face-to-face audits (although...
5 min read
Once your business has survived the start-up phase, it's got a solid foundation to grow. Business and financial advisory services are critical at...
4 min read
If you own a small business, you might consider hiring your kids to work during their time off from school. In addition to teaching your children...
3 min read
C corporation owners often need to take cash out of the business to pay personal expenses or to shield excess cash from creditors. Paying dividends...
2 min read
Employees don't always take the task of filling out their W-4 forms seriously. They may write "exempt" on the withholding portion of the form or even...
2 min read
In the wide, wide world of mergers and acquisitions (M&A), most business buyers conduct thorough due diligence before closing their deals. This...
2 min read
Like many other businesses, your company may occasionally endure downturns during which revenues stagnate, and your ability to authorize generous...
2 min read
Paydays are sacred in the workplace. Some employees who can't remember how many years they've been married or how long it's been since their last...
3 min read
What would happen if your company failed to pay the IRS payroll taxes when they were due? You could be on the hook for penalties and, if you're...
2 min read
When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole proprietorship, you need...
2 min read
It's not enough to have a one-sentence statement in your employee handbook that merely tells your employees something like this: "All time worked...