About 75% of the businesses in our country are structured as sole proprietorships, unincorporated businesses that consist of one individual owner. This business structure is the simplest and least expensive to form and dissolve; however, it opens the owner to unlimited personal liability and debts of the business are debts of the owner. For more information on sole proprietorships, read this C.P.A. Insight.
The staggering statistic is that most small businesses fail within the first four years. A successful business is continuously growing and adapting to the current business environment and not resting on its laurels. For the top 10 avenues of potential failure and how to avoid some of the pitfalls associated with them, read this C.P.A. Insight.
It may be before Halloween, but now is the time many companies begin to think about holiday gift giving for their important clients. It may be the thought that counts, but the IRS has limits on how much a gift can cost and still be considered a business tax deduction. For more information on business gift giving, read this C.P.A. Insight.
If you are planning the sale of your medical practice to finance your retirement, you may need to increase the value of your practice.
A consultant can help you identify your problem, devise a solution, and then implements it or train you to do so. In order to get the most benefit out of a consultant, you must know how to seek out the best fit for you.
The good news is your small business has really taken off. The bad news is you need to hire help! The kind of help you hire is an important business decision.
An employer can provide many different forms of medical coverage benefits to its employees. Some are tax advantageous for the employee, while other plans are required to be included as income.
Withholding is the method the government developed to help Americans prepay their tax bills.
If your business needs an automobile, you need to consider the tax consequences of buying or leasing the vehicle.
An employee stock purchase plan (ESPP) is a plan that allows a company to compensate a broad group of employees with options to buy the company’s stock at a specified price, usually at a discount. Many large companies use these plans as an employment incentive, giving employees an opportunity to share in the growth potential of the company’s stock. Generally, the employee is not taxed at the time the stock is purchased.
