If you are considering expanding your physical business or starting a home-based business, selling your products online is a great way to reach additional customers. Before you sell products online, there are several legal issues you should know to ensure that your business complies with the law and that your interests are protected. [...]
According to the Small Business Administration, about 50% of all businesses are home-based. If you are one of the many owners of a home-based small business, consider whether your home office meets the IRS requirements for the home office deduction, which is a sometimes overlooked way to reduce taxes. How Do I Qualify [...]
There are many reasons business owners close shop (winding down), including retirement, starting a new venture or, hopefully, because they’ve won the lottery. No matter what the reason, it’s important to diligently wind down a business before moving on. Here are five steps to take: If you’re a sole proprietor, then the only [...]
Today's video will BLOW your mind! Want to have your cake and eat it too? This is about as close as you are going to get in the business world. Seriously, check out this video you do NOT want to miss this!
It's not all rainbows and sunshine when it comes to an S-Corp! Contrary to popular opinion the S-Corp is NOT the panacea for businesses. There are some significant drawbacks if you choose the S-Corp tax designation. Check out today's video to see what some of these disadvantages! You do not want to miss todays video! [...]
Starting your own business? Trying to decide what type of business entity? Confused about the differences between a corporation or an s-corporation? It's important to know the differences because it can have a drastic impact on your success. Check out today's video! It lays down vital information when you are just starting out. Leave [...]
Busy small business owners have many tasks on their plates: A significant one is staying on top of important tax and filing deadlines. These important dates may vary depending upon the business’ structure. Here are some of the most critical deadlines business owners may need to meet over the next few months. Federal tax [...]
How is an S-Corp different than a Corporation? What do you need to do to form an S-Corp in California? Check out todays video to get your questions answered! Let me know if you have any additional questions in the comments!
So many choices! Some pretty big consequences to your decision! Curious about the difference between a Corporation and an S-Corporation? The answer will definitely surprise you. Check out today's video to learn more!
Despite your best efforts to work only with customers or clients you believe will pay for the goods or services your business provides and to diligently collect delinquent amounts owed, you will almost inevitably have to deal with bad debts occasionally. Sometimes, the IRS allows you to take a bad debt deduction. What Is [...]