Writing Off Your Business Start-Up Expenses

, , ,
Article Highlights: $5,000 First-year Start-up and Organizational Expense Write-off Timely Filing Requirements Qualifying Start-up Expenses Trade or Business Purchase Qualifying Organizational Expenses Expense Write-off…

Wealth Transition and Succession Planning: Best Practices for Businesses During COVID-19

, , , ,
Regardless of the type of business you're running, it's safe to say that you've likely already been impacted by the ongoing COVID-19 pandemic that is making its way across the globe. With no complete end to the situation in sight, many have…

5 Tips for Marketing During Covid-19

, ,
From Mike Kappel on Forbes Small Business Blog If you’re like many business owners out there, the coronavirus pandemic has rocked your world. According to a SHRM study, 62% of small businesses say they have experienced a decrease in revenue…
How to Organize Spending Priorities for Your Newer Growth Startup

How to Organize Spending Priorities for Your Newer Growth Startup

, , , ,
According to a recent study conducted by U.S. Bank, over 80% of all newly formed businesses that ultimately fail do so due to cash flow problems. If you needed a reason to believe that getting your spending in order and dedicating the time…
Learn what factors determine whether a household worker qualifies as an employee or an independent contractor.

Household Help: Employee or Contractor?

, , , , , , ,
Taxpayers often will hire an individual or firm to provide services at the taxpayer’s home. Because the IRS requires employers to withhold taxes for employees and issue them W-2s at the end of the year, the big question is whether or not that…
Top 10 Startup Business Questions Every Entrepreneur Should Answer

Top 10 Startup Business Questions Every Entrepreneur Should Answer

, , ,
Starting a small business can be one of the most exciting and rewarding events in someone’s life. But it can also be extremely stressful. If you’re thinking about becoming an entrepreneur, you might have more questions swirling around…
May 2019 Due Dates

May 2019 Individual Due Dates

, , , , , ,
May 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 4070 no later than May 10. Your employer is required…
Short-Term Rental, Special Treatment

Short-Term Rental, Special Treatment

, , ,
With the advent of online sites such as Airbnb, VRBO, and HomeAway, many individuals have taken to renting out their first or second home through these online rental sites, which match property owners with prospective renters. If you are doing…

How to Enter Bills in QuickBooks

How to Enter Bills in QuickBooks It’s not as much fun as creating invoices, but the bills must be paid. Here’s how QuickBooks helps. We’re in a bit of a transitional period with business bill-paying. Some paper bills still come via…

The Key Steps to Take BEFORE You Start a New Business  

, ,
Very few people think that starting a new business is easy. But at the same time, there are few first-time entrepreneurs who realize just how involved things are from the moment you start trying to bring that idea that previously only existed…