If you thought an IRS audit on your income tax return was tough going, wait until you hear about Affordable Care Act (ACA) audits. They’re multi-level … Read more about What Your Business Needs to Know about ACA Subsidy Notices
10 Ideas for Avoiding Waste
Benjamin Franklin said it best: “Waste neither time nor money, but make the best use of both. Without industry and frugality, nothing will do, and … Read more about 10 Ideas for Avoiding Waste
What Do Tax Stats Tell Us about Small Business?
The IRS released statistics on 2014 income tax returns filed by individuals. It includes income and losses reported by sole proprietors on Schedule … Read more about What Do Tax Stats Tell Us about Small Business?
10 Best Practices to Grow Your Business
How do you take your company to the next level? Obviously you need a vision of where you want to take your business. To get there, … Read more about 10 Best Practices to Grow Your Business
HIPAA Rules You Can’t Ignore
It’s been 20 years since the Health Insurance Portability and Accountability Act (HIPAA) was enacted to ensure the privacy of a person’s medical … Read more about HIPAA Rules You Can’t Ignore
Pension Protection Act 10 Years Later
The Pension Protection Act of 2006 was signed into law on August 17, 2006. This massive piece of legislation was designed to ensure adequate … Read more about Pension Protection Act 10 Years Later
Succession Planning for Your Family-Owned Business
If you are an owner of a business in which other family members — a spouse, sibling, child, or other relative — also have an ownership interest, … Read more about Succession Planning for Your Family-Owned Business
How to Protect Your Intellectual Property
Merriam-Webster defines intellectual property, or IP, as “property (as an idea, invention, or process) that derives from the work of the mind or … Read more about How to Protect Your Intellectual Property
Warning: Good and Bad News for Self-Employed Individuals’ Health Coverage
Every individual is required to have minimum essential health coverage for him/herself and children up to age 18 or pay a penalty (unless exempt from … Read more about Warning: Good and Bad News for Self-Employed Individuals’ Health Coverage
Should You Give Your CPA Power of Attorney?
In order for the IRS to discuss your tax issues with your CPA, you must sign IRS Form 2848, Power of Attorney and Declaration of Representative to … Read more about Should You Give Your CPA Power of Attorney?
Tax Issues for Spouses Co-Owning Businesses
No one knows how many businesses in the U.S. are co-owned by spouses. A professor from Oklahoma State University estimated in 2000 that there were … Read more about Tax Issues for Spouses Co-Owning Businesses
Contests Can Help You Grow Your Business
With the Olympics underway in Rio, it’s easy to see how being a winner is a great feeling. It can also translate into economic rewards as medalists … Read more about Contests Can Help You Grow Your Business
What are the Tax Consequences of Your Crowdfunding Efforts?
When you raise money for your business through crowdfunding your goal is to have the funds needed for a specific purpose. The last thing you probably … Read more about What are the Tax Consequences of Your Crowdfunding Efforts?
Customize Your Tax Strategies
Tax experts, including myself, often write in generalities about tax actions that small business owners should take. The general advice may be fine … Read more about Customize Your Tax Strategies
Your Company’s Social Responsibility
What are you doing for others and why does it matter? The question of social responsibility has always been a concern to small businesses that are … Read more about Your Company’s Social Responsibility
