Do you have employees working in multiple states? Employees who are working in multiple states create two key issues: Which state(s) should your business withhold
Consequence of Ignoring an IRS Tax Notice In a court case ruling earlier this year, the IRS claimed a part-time bookkeeper who had none of
Triple Tax-Advantages of Health Savings Account The Health Savings Account (HSA) is a tax-advantaged medical savings account if you have a high deductible health plan.
How much of your Home Internet is Deductible? If you do some work at home for your business, you are more than likely using your
Cash Flow Effect on Delayed Payments With any construction project, it is assumed changes and delays will happen. Contractors must protect their positive cash flow
Include your Indirect Costs for Potential Projects When calculating your desired markup for estimating potential projects, ensure you are including indirect costs. Some people believe
Handling Unreimbursed Partner Expenses As a partner in a partnership, you cannot deduct any of the partnership expenses on your individual tax return—the partnership should
Staying with family and/or friends while on a business trip is allowed if you follow all three of these rules: Rule 1: Family and friends
The Advantages vs. Disadvantages of the S Corporation Entity First let’s define what an S Corporation is. After forming a corporation or an LLC, an
Only Real Property can be used in Section 1031 Like-Kind Exchange Are you considering selling your real property to purchase another real property? Would you