Owning your own business is an ideal notion which can lead to great success in any industry. Being a business owner offers many lucrative opportunities but also comes with additional responsibilities and a variety of issues. One such issue for business owners is the...
Small business owners often fill multiple roles, but wearing too many hats can cause your business to suffer–especially when your bookkeeping does not get the attention it requires. Instead of trying to do everything yourself, it may be better and more cost...
Taxes can be complicated, and business taxes even more so. There are a variety of taxes that must be paid at different times. Naturally, many entrepreneurs have questions about business taxes. It’s important to understand the complex tax regulations and...
If you use your vehicle for business, you can claim deductions for the cost of operating that vehicle. You can also claim the costs of operating a vehicle used for medical or charitable purposes. In previous years, you could claim moving expenses, but that has...
Most small business owners think they know the difference between C corporations and S corporations, but new tax law changes and common misunderstandings about S corporations often get business owners in trouble with the Internal Revenue Service. S corporations...
Forming a business can involve many considerations complex and decisions. The entity structure will impact how owners get paid, how they are taxed, and which set of regulations to follow. State and local laws will also affect the process by determining which licenses,...
