You may be operating a sole proprietorship and not even know it.The sole proprietorship is the most basic business structure in the United States. They are also the default entity....
Posted by Daniel P Vigilante CPA and Profit Consultants on 06/18/2021
An employee's gross salary is the amount of salary or wages before the tax or deduction is deducted and is the starting point for other calculations. These calculations are independent...
Posted by The TaxAdvocate Group, LLC on 06/06/2021
Almost every section of the tax code was changed by the 2017 TCJA, which also affected every taxpayer, including businesses. While some of these changes were positive (reduced tax...
Posted by Karen Munoz, EA on 05/24/2021
In many cases, reimbursement of mileage is not compulsory in the United States even though there is a yearly Standard Mileage Rate for employers and their workers categorized as follows:With...
Posted by Tiffany Gaskin on 05/24/2021
Thrift savings plans are accounts mostly opened by federal employees; it is a contribution that involves consistency and helps you to choose the right fund that helps you to build...
Posted by KLSM CPA Firm PLLC on 04/30/2021
Saving for retirement as an entrepreneur can be complicated and expensive, but it doesn't always have to be. If you are an entrepreneur, several retirement accounts can be easily...
Posted by Abundant Wealth Planning LLC on 04/21/2021
The IRS has updated and revised its revenue procedures governing determination letters, letter ruling, and other guidelines, including guidelines on employee benefit plans. These income...
Posted by Abundant Wealth Planning LLC on 02/17/2021
A "fringe benefit" for employees is a form of payment other than cash for the performance of services by employees. Any fringe benefit granted to an employee constitutes...
If you're like most business owners who want to close the year and prepare taxes this month, there are several holiday expenses that you can deduct that can save you thousands...
Posted by Karen Munoz, EA on 12/15/2020
