The Internal Revenue Code is configured to offer numerous tax reductions to individuals and businesses. Even the IRS recognizes that you have to save money to live and manage your...
The paycheck protection program is a product of the CARES Act. It is available to business owners via institutions like the bank of America. It allows businesses to borrow money and...
Posted by Elliot Kravitz, ATP on 06/22/2020
You do not want to draw the attention of the Internal Revenue Service. However, failure to submit the appropriate form when you make payments to third parties can expose you to the...
Have you ever heard of a homeless person sued for a 5.5-million-dollar case? Undeniably, there is none. This is because lawsuits are not filed against a person with not so many assets....
Posted by A+ Income Taxes on 04/03/2020
When a business has a net operating loss, it means there is a negative income. It happens when the tax that can be deducted from a company is more than taxable income. While this is...
Posted by Don Bell Law on 04/02/2020
For freelancers or categories of people that earn their income from delivering papers or other jobs, it is vital to pay self-employment taxes. You could be subjected to huge fines...
Posted by Premier Accounting & Tax on 04/02/2020
There are tens of millions of small businesses scattered across the United States. Sole proprietorship or one-man business is even on the rise with the figure at 40.5 million, according...
One of the many questions I get as a tax and financial advisor is what business structure to choose when you are starting a business. Liability notwithstanding, a big determining factor...
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
A business operated by an individual owner is what we will call a sole proprietorship. And, for several reasons, the sole proprietor is unique:You can just get started if you want...
Posted by Debi G Hill, CPA on 12/28/2019