Tax and Accounting
Business and Personal Records: Are You Prepared for a Disaster?
This year’s wildfires, record rains, flooding, tornadoes, hurricanes and potential for earthquakes should all act as reminders that you should be prepared for a disaster. Sure, it will take some effort on your part and…
How High-Income Professionals Can Benefit from the Pass-Through Deduction
If you are a high-income professional who is excluded from the new pass-through deduction because you are in a specified service trade or business (SSTB), you may be able to use retirement plan contributions as…
S Corporation Business Structures Many Considerations
The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at the federal level). But not all businesses are eligible – and, with the new 21%…
10 Mistakes Most Small Business Owners Miss When Starting Out
The process of starting a small business can be an arduous one; there are numerous steps that need to be taken—and often in a precise order—to legally establish a business. As a result, the process…
5 Ways Small Business Owners Can Benefit from Trump Tax Cuts
The end of last year’s news cycle was dominated by one story—Trump’s tax cuts. As a small business owner, you may wonder how it all impacts you. And now that we’re hurtling into fall, it…
Where to Find the Best Bookkeeper for Your Small Business
Accurate bookkeeping is one of the most essential tasks you perform when it comes to operating your small business. If your business grows large enough, you’ll no doubt want to hire an on-staff bookkeeper to…
Is Your Business Ready for the Next Tax Season?
It feels like tax season is always just around the next corner. And that’s why you should make a point, particularly if you own a business, to always have everything ready and organize so the…
7 Tax Deductions to Start Tracking Now
If you are self-employed, you probably know that you have to set aside fifteen to twenty percent of your income to pay self-employment taxes. What many people don’t know is that you can save a…
4 Easy Tips for Successful Small Business Accounting
As a small business owner, you likely wear many hats. In an average day, you may serve as a clerk, a customer service liaison, a marketer, an analyst, and even an accountant. With so much…
Income Shifting Strategies to Help Business Owners Become More Tax Efficient
This segment discusses different strategies that can potentially help a business owner become more tax efficient. Some methods include the restructuring of a business and establishing tax-deductible retirement plans. Synopsis The concept of characterization of…
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