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Business Taxes

What the heck is an S-Corp??

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“Sufferin’ succotash! What is the deal with that thing called an S-Corp and how do I get me one?”
Yes, in my last blog I told you about the many benefits of an LLC and why most small businesses would benefit from them. But now comes an interesting comparison. The LLC v. the [...]

The federal stimulus package and your business

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There as a lot of hoopla about how the Federal stimulus package would encourage spending by consumers, but it’s also designed to positively impact small businesses as well.
www.sba.gov/stimulus is a new site set up to help you understand just how.
Included at the site are:

A fact sheet that provides a clear explanation of the small business tax benefits.
A deprecation calculator [...]

Don’t Expose Your Assets!

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There you are. You just finished reading Rich and Jeff Sloan’s book and you are fired up! You have an idea that you are certain will make make the invention of those small yellow sticky notes look like small potatoes.
Not only that, but you are so proud of yourself, because you have done [...]

How the federal stimulus plan could affect your small business

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Bill Rys, Tax Counsel of the National Federation of Independent Business, will be my guest this week on our Tips for Entrepreneurs podcast. We’ll be discussing the impact of the federal stimulus plan on you and your small business.
So, if you’re one of America’s 26.8 million small businesses or want to be among those [...]

Tax filing day is here – rejoice all ye small business owners!

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I don’t know, maybe it’s because of the relief that comes over me once it’s all done. Maybe it’s because I’ve persevered & survived yet another tax season. But I’ve always felt like rejoicing once April 15 has come & gone – and this year April 15 is actually April 17.
For an entrepreneur, filing your [...]