Wondering what your options are to reduce spending and increase income? Here are some tips: Organizing your finances is the foundation for financial success. Receipts scattered? Can’t keep up with payments that are due? Missed payments result in late fees and interest charges, and all those do are increase the overall amount to be paid […]
Tag: small business
I Sell Tangible Products Online – Do I Now Have to Remit Sales Tax?
South Dakota v. Wayfair – Selling Online in Florida —- Do I Need to Collect Sales Tax? The June Supreme Court decision, South Dakota v. Wayfair, is fairly complex, but can be boiled down to some fairly simple terms for determining if and how this will affect your business. Currently, remote retailers are not required […]
Business Identity Theft–Is Your Data at Risk?
The IRS and state tax authorities have made significant strides in curbing individual identity theft over the last several years. With a decrease in individual identity theft, cyberattacks against businesses are on the upswing now. Here are some simple ways business taxpayers can help protect their data from hackers. Trends in ID Theft In February, […]
Spring Cleaning: When Can You Purge Your Old Financial Records?
Feeling the urge to purge? Summer’s coming, so it’s likely you’re wrapping up your spring cleaning before your summer fun begins. April 17, 2018 was the deadline for individuals and C-corporations to file their federal income tax returns for 2017 (or to file for an extension). Before you throw out your old financial records, however, […]
Get in the Habit of Year-Round Tax Planning
Addressing your tax liability effectively requires tax planning throughout the year. Those business owners who reap the most benefits consider their taxes year-round, rather than waiting to focus on tax payments only a few weeks before the filing due date. A typical small business qualifies for roughly a dozen tax deductions. For example, you can […]
Starting a New Business or Organization? Entity Selection is Crucial
During National Entrepreneurship Month, we celebrate those who have courageously stepped out to start their own business ventures. When starting a new business, there are a number of entity choices to select from. Some can easily be ruled out due to the details of your operation, but others will leave you wondering which is right […]
Change to Penalties Regarding the Equal Employment Opportunity Commission (EEOC)
When it comes to violations of the labor law posting requirements, it’s not that these mandatory notices aren’t displayed prominently. It’s that they are not displayed at all, says the Equal Employment Opportunity Commission (EEOC). And that’s a problem. Typically the EEOC is alerted to the issue by employees who are aware of the requirements […]