A partnership is not taxpaying entity, but files an annual tax return, Form 1065, to report income, deductions, and other items. These items pass … Read more about The Latest Tax Statistics on Partnerships and LLCs
Recovery Strategies: Building Reserves to Protect Your Business in the Future
It’s understandable that many small businesses continually play catchup. They’re usually in a constant state of troubleshooting and often find … Read more about Recovery Strategies: Building Reserves to Protect Your Business in the Future
Using Remote Workers: The Good, The Bad, and the Ugly
Post-pandemic, remote work arrangements are here to stay. The 5th Annual State of Remote Work 2021 from Owl Labs found that nearly 50% of workers in … Read more about Using Remote Workers: The Good, The Bad, and the Ugly
What You Can Do About Inflation
There’s no getting around it…high inflation is having an impact on small businesses. The historic average rate of inflation is between 2% and 3%. … Read more about What You Can Do About Inflation
5 Things to Do Before the End of the Year
The year is winding down, but there are still some actions you must or should take now to complete necessary matters and get set for the coming new … Read more about 5 Things to Do Before the End of the Year
J.K. Lasser’s Small Business Taxes 2022: What’s New and What’s Ahead
For more than 25 years, I’m proud to say my tax book for small businesses has been the go-to guide for owners and their tax advisers. The 2022 edition … Read more about J.K. Lasser’s Small Business Taxes 2022: What’s New and What’s Ahead
Thanksgiving: Why Small Business Owners Can Be Thankful
The annual national holiday of Thanksgiving for many businesses is the official start of the holiday shopping season. For some businesses, this period … Read more about Thanksgiving: Why Small Business Owners Can Be Thankful
Choosing a Retirement Plan for 2022
There are several compelling reasons why you should have a retirement plan for your business. It helps you and your employees save for retirement on a … Read more about Choosing a Retirement Plan for 2022
Looking Ahead to 2022 Taxes for Your Business
While your 2021 tax return hasn’t been filed and likely won’t be for many months, it’s not too soon to be thinking about taxes for 2022. Congress is … Read more about Looking Ahead to 2022 Taxes for Your Business
Federal Legislation to Help Small Businesses
Much that’s happening in Congress has been focused on multinational corporations and billionaires because a number of proposals that would have … Read more about Federal Legislation to Help Small Businesses
Veterans as Entrepreneurs
November 11 is Veterans Day and November 1 through 5, 2021, was National Veterans Small Business Week. According to the SBA, veterans own 6.6% of … Read more about Veterans as Entrepreneurs
Recovery Strategies: Getting Out of Your Commercial Lease
The pandemic made a seismic shift in where workers work. Many companies now allow or require employees to work from home on a regular basis or at … Read more about Recovery Strategies: Getting Out of Your Commercial Lease
Can or Should You Use Noncompete Agreements
Noncompete agreements are legal contracts between a business and another person—typically an employee or independent contractor—to bar a worker to … Read more about Can or Should You Use Noncompete Agreements
Disconnecting from Work
With more employees continuing to work from home, the lines between work and personal hours can easily become blurred. Business calls, texts, and … Read more about Disconnecting from Work
Inspirational Quotations: Why They Matter
If you are a regular reader of my blogs, you’ll often find a famous quotation. I include them because they express something better than I can. … Read more about Inspirational Quotations: Why They Matter
