What’s the difference between an S Corporation and a C Corporation? Read this blog to learn whether an S Corp or C Corp is the best fit for your small business.
Congress recently passed the “Tax Cuts and Jobs Act” which impacts both individuals and businesses. Learn what are the two important changes in 2018 that will affect every business owner in the United States.
For many entrepreneurs, travel and entertainment (T&E) tax deductions can be a minefield. Certain expenses for business travel are deductible as long as they meet two criteria: They must be “ordinary and necessary” in the course of doing business, and they must be documented.
Back taxes can have serious consequences for a small business. They accrue interest and penalties, so your tax debt can quickly snowball. The IRS will hold any tax refund your business is entitled to until the past-due taxes are paid.
Although the ongoing efforts of Congress to repeal the Affordable Care Act (ACA) has cast doubt on the controversial law’s future, the IRS’ stance is clear. At the close of 2017, the Affordable Care Act still stands – and the IRS has sophisticated support systems in place to fully enforce it.
Staying on top of complex and continual changing HR regulations is challenging, but a self-audit can help you avoid costly lawsuits or penalties due to non-compliance or misconduct. Here are three specific HR areas you should include in your audit based on recent trends.
If your business is an activity that many people enjoy as a hobby – for example, making jewelry, painting oil portraits or playing in a cover band — and isn't consistently profitable, there can be a fine line between "hobby" and "business."
Since where you incorporate can have real ramifications for your company, let’s look at some of the myths and realities of out-of-state incorporation.
Getting an early start to your taxes can help you minimize your tax burden, increase deductions, and avoid the end of the year scramble.