When it comes to choosing the type of set up for your business, there are pros and cons to a limited liability company and a partnership. However, an S corporation or S corp can provide...
While a vast majority of taxpayers do not have to worry about getting audited, there is still a chance that you could be audited. Especially since these audits are deemed by the IRS...
Being self-employed can bring a great deal of freedom, both professionally and personally. Along with that freedom, you are now responsible for handling all of your own expenses. By...
Running a bar or a nightclub can be a really exciting endeavor. You get to meet a lot of fun people that you would never get to know otherwise and it can be a really exciting and rewarding...
Most taxpayers would consider a vehicle or car a necessary part of everyday life, including the expenses that go along with it. As such, it might be worth tracking your vehicle expenses,...
For small business owners, the use of their vehicles can be an important part of their business growth. Meetings with clients, vendors and perspective investors are just some of the...
While closing a business can be an emotional time for a small business owner, it can also be equally full of multiple administrative tasks. The IRS itself has numerous requirements,...