Strong billing processes are critical to healthy cash flow
Business owners: Cash flow is the lifeblood of a successful company, and your billing processes have a huge impact on it. Make sure you’re not taking billing for granted.
Use an S corporation to mitigate federal employment tax bills
Converting an unincorporated business into an S corporation may help you cut your self-employment tax bill. Here’s how.
Business | CPA | Payroll | Retirement
Solo business owner? There’s a 401(k) for that
Self-employed people: Your business (that is, you) can sponsor a retirement plan just like any other employer. Here’s what you need to know about a solo 401(k).
Starting a business? How expenses will be treated on your tax return
Launching a business? Here’s how start-up expenses are handled on a federal tax return.
The Trust Fund Recovery Penalty: Who can it be personally assessed against?
The Trust Fund Recovery Penalty is personally imposed on certain business owners and managers when employment taxes aren’t paid to the government. Here are the rules, along with two cases where individuals were held liable for the harsh penalty.
Hiring family members can offer tax advantages (but be careful)
Business owners: If you’re thinking about hiring your child or spouse this summer (or already have), you could be in line for some tax savings. But you’ll need to learn the IRS rules and abide by them carefully.
2023 Q3 Tax Calendar: Key Deadlines for Businesses and Employers
You might want to enjoy the lazy days of summer, but employers and businesses need to make sure not to miss these third-quarter 2023 tax deadlines.
CPA | Money | Planning | Wealth Advisor
The Financial and Emotional Impact of Sudden Wealth
Whether it’s from an inheritance, settlement, divorce, a major sale, initial public offering (IPO) of your business or winning the lottery, most people would agree coming into a large sum of money is a good problem to have.
In Financial Planning, Forecasts and Projections Aren’t the Same
No business owner has a fully functional crystal ball. But a carefully created forecast or projection can help you better prepare for the future.
Advantages and Disadvantages of Claiming Big First-year Real Estate Depreciation Deductions
If your business has a choice to deduct real estate expenses or depreciate them over several years, the decision may seem simple. But there are a number of factors to consider.