If you are a small business owner, every penny of your income counts. This means that you not only want to optimize your revenue, but also minimize your expenses and your tax liability. Unfortunately, far too many entrepreneurs are not well-versed on the tricks and tools available to them and end up paying far more…
2020 has given rise to more than the usual tax-planning opportunities. You’ll need to act before the end of the year to take advantage of the tax benefits and strategies available for 2020.
We provide details on the SBA’s audit process for PPP Loans of $2 million or more, as well as the Loan Necessity Questionnaires that will be issued.
We list 12 metrics that are extremely beneficial in helping you understand where your money is at any time.
Are you self-employed? You may be able to deduct 100% of the insurance premiums paid at the end of the year without itemizing deductions.
The original PPP loan forgiveness application practically required an accounting degree to figure it out. We explain the SBA’s new simplified form: SBA Form 3508EZ.
Certified Exit Planning Advisor, K.C. Smith, CFP®, explains how important it is for business owners to have a plan so they can sell their business at a maximum price with the best terms when they are ready to retire.
Business Owners: Records management is vital because it can help you analyze where your business is and, more importantly, where it’s going.
While it may seem too risky to launch a business with coronavirus and an impending global recession, we offer three reasons why a recession is a great time to launch a startup.
Own a business? If you pay an independent contractor $600 or more for the calendar year, you are required to issue a Form 1099-NEC soon after the end of the year to avoid penalties.
