07/11/2019 Is it Possible to be Too Ignorant to Evade Taxes? It’s said that ignorance is bliss, but business owners are wise to learn enough about tax law to understand how… Keep reading By Bizink
07/11/2019 Would We have Accounting Without Arabic Numerals? Early counting systems relied on tallies or counting with fingers and toes. But when you have more things to count… Keep reading By Bizink
07/15/2018 Do You Know the IRS Rules for Gift Cards? Who doesn’t like gift cards? For the giver, it’s an easy way to show appreciation, and for the recipient, it… Keep reading By Bizink
07/07/2018 Keep More of Your Hard-Earned Cash When You Elect S-Corporation Status for Your LLC Many entrepreneurs and small business owners start out as limited liability companies (LLCs) because of the ease of formation and… Keep reading By Bizink
07/07/2018 9 Exceptions to Early Withdrawal Penalties from IRAs We all know we need to save for retirement, but if you’re in a financial bind, your IRA might be… Keep reading By Bizink
05/30/2018 Get Your Timing Right to Save Taxes Pay attention to the timing of receipt of income and payment of expenses in your business, and you can save… Keep reading By Bizink
05/30/2018 Do You Have a Succession Plan for Your Business? Here’s Why You Need One Now Even if your planned retirement is years or decades away, it’s never too early to start thinking about succession planning… Keep reading By Bizink
05/30/2018 Sales Tax: A Hidden Cost of Doing Business across the U.S. A challenge of doing business in the U.S. is the crazy quilt of tax laws we find ourselves dealing with.… Keep reading By Bizink
05/30/2018 Social Security Loophole Worth Thousands Now Closed by Congress The Bipartisan Budget Act of 2015, signed into law on November 2, 2015, closed a loophole in Social Security used… Keep reading By Bizink
05/30/2018 Self-employed? Give your future self a raise and save up to $20,988 in taxes today A Simplified Employee Pension (SEP) is a great vehicle for self-employed solo professionals to save for retirement. A SEP lets… Keep reading By Bizink
05/30/2018 How the PATH Act Can Save You Big on Taxes When You Buy Equipment for Your Business Late 2015 marked the end of the annual year-end dance in Congress when the Protecting Americans from Tax Hikes (PATH)… Keep reading By Bizink
05/30/2018 It’s Not Just for Techies: R & D Credit Permanently Extended by PATH Act Since 1981, the Research and Development Tax Credit, known as the R & D Credit, has been repeatedly extended for… Keep reading By Bizink
05/30/2018 Still need to take your RMD? Put it to work for good and save taxes Thanks to the PATH Act, passed by Congress at the end of 2015, you can take the Required Minimum Distribution… Keep reading By Bizink
05/30/2018 Have You Maxed Out Your 401(k)? Here’s Why You Should Put as much as you can in your 401(k) now, and you benefit in at least two ways. First, you… Keep reading By Bizink
05/30/2018 Do You Know the Score for Your Business? Here’s How to Find Out In sports, knowing the score is vital to deciding on the best game plan. In business, knowing the score is… Keep reading By Bizink
05/30/2018 Is Your S-Corporation Compensation Reasonable? Here’s How to Avoid an IRS Audit A great tax-saving feature of S-corporations is that the net earnings are exempt from self-employment tax. But the trade-off is… Keep reading By Bizink
05/30/2018 Do You Have Household Employees? Here’s How to Avoid Trouble with the IRS Do you pay someone to work in your home? Maybe a nanny or a gardener? Do you control what work… Keep reading By Bizink
05/30/2018 How to Take a Home Office Deduction for your S-Corporation If you use a part of your home for your business, the IRS lets you deduct a portion of your… Keep reading By Bizink
05/30/2018 Make an Estate Plan Now to Protect Your Family Tomorrow Do you have an estate plan? Everyone needs one, no matter your age. If you happen to pass on without… Keep reading By Bizink
05/30/2018 Debt or Equity – Which is the Better Financing Option for Your Business? Almost every business reaches a point when extra cash is needed to get to the next level. A manufacturer needs… Keep reading By Bizink
