Employee Retention Credit: How This Government Program Can Help Your Business Keep Employees During the Pandemic
Are you a business owner struggling to keep your employees on board during the COVID-19 pandemic? If so, you’re not alone. Many companies have been hit hard by the economic fallout of the pandemic, and retaining employees has become more challenging than ever. But did you know that there’s a government program that can help? […]
Making the Most of the Vehicle Deduction
If you’re a business owner who relies on your car to getaround, you’ve probably heard that you can save money on your taxes by taking a vehicle tax deduction. A vehicle tax deduction is a write-off that business owners can take for vehicles they use for business purposes. If you are claiming the home office […]
How to Save on Taxes with the Home Office Deduction
You work from home, but you don’t have an office in your house. Or maybe you have a home office, but you also have an actual brick and mortar location you work from as well. In both scenarios, you might be wondering if you can claim a home office deduction to reduce your tax liability. […]
How to Choose your Legal Entity
One of the first decisions you have to make as a new small business owner is choosing the type of legal entity to operate under. While seemingly minor, this decision will have a significant, long-standing impact on both the liability protection and tax implications for both the business, and yourself as the owner. It is […]
What is a Limited Liability Company (LLC)?
As a small business owner, one of the most important decisions you have to make is choosing the right legal entity for your business. This choice can have a major impact on your liability protection and tax implications, both for your business and for yourself as the owner. It’s important to carefully consider both the […]
What is a Corporation?
As a small business owner, one of the most important decisions you have to make is choosing the right legal entity for your business. This choice can have a major impact on your liability protection and tax implications, both for your business and for yourself as the owner. It’s important to carefully consider both the […]
What is a Partnership?
One of the first decisions you have to make as a new small business owner is choosing the type of legal entity to operate under. While seemingly minor, this decision will have a significant, long-standing impact on both the liability protection and tax implications for both the business, and yourself as the owner. It is […]
What is a Sole Proprietorship?
One of the first decisions you have to make as a new small business owner is choosing the type of legal entity to operate under. While seemingly minor, this decision will have a significant, long-standing impact on both the liability protection and tax implications for both the business, and yourself as the owner. It is […]
IRS War Chest: What $80 Billion in New IRS Funding Means for the Small Business Owner
The Inflation Reduction Act , passed in August 2022, didn’t have much in it that impacted the average small business. However, one number in the act did start to get peoples attention – $80 billion (well, technically $79.6 billion – but we’re rounding up). This $80 billion is to be allocated to the IRS over […]
How to Manage Your Small Business Finance Function
The average small business owner is caught in a bind. You have customers to please, employees to manage, inventory to procure, vendors to negotiate, and seemingly never enough hours in the day. As a result, your company’s finance function often falls by the wayside. Best case scenario, you’re overseeing the financials by reviewing the company’s […]
