Retirement saving options for your small business: Keep it simple cover

Retirement saving options for your small business: Keep it simple

You may be reluctant to set up a retirement plan for your small business due to administrative burdens. Here are two options to consider with fewer requirements than traditional qualified retirement plans.
Is an LLC the Right Choice for Your Small Business? cover

Is an LLC the Right Choice for Your Small Business?

Is your small business a sole proprietorship? Do you want to form an LLC? Learn the basic information and tax perks you need to know to operate an LLC.
Potential Tax Advantages of Hiring Your Child This Summer cover

Potential Tax Advantages of Hiring Your Child This Summer

Thinking about hiring your high school or college-age child to work in your business? You could reap significant tax benefits.
Why Quality Bookkeeping Matters cover

Why Quality Bookkeeping Matters

If you made a list of all the things that most business owners hate, bookkeeping is at the top. But don't underestimate the power of great bookkeeping.
Roundup of Individual Tax Changes For 2023 cover

Roundup of Individual Tax Changes For 2023

Two recent pieces of tax legislation have created several tax changes for 2023. The legislation includes the Inflation Reduction Act and the Secure 2.0 Act.
Protect the “Ordinary and Necessary” Advertising Expenses of Your Business cover

Protect the “Ordinary and Necessary” Advertising Expenses of Your Business

How does a business know if advertising and marketing expenses are deemed “ordinary and necessary” to qualify as deductible on their tax return?
Important Considerations When Engaging in a Like-Kind Exchange cover

Important Considerations When Engaging in a Like-Kind Exchange

How can a business or individual dispose of appreciated real property without taxation on the gain? You can do this through a like-kind exchange.
What You Need to Know About Converting an S Corp to a C Corp cover

What You Need to Know About Converting an S Corp to a C Corp

Converting from an S Corp to a C Corp is possible. However, it's a process that requires you to keep a few key things in mind along the way.