There’s a valuable federal income tax benefit (the business energy credit) that applies to the acquisition of many types of alternative energy property.
The new employee classification rule simplifies the process in some ways, but it generates new questions that business owners should be prepared to tackle.
There’s no easy way to determine reasonable compensation. Here are some steps you can take to make it more likely that the compensation you earn will be considered “reasonable.”
It’s important to keep up with the nonprofit trends if you are looking to build or enforce a strong foundation for your nonprofit.
Two retirement plan options to consider are to set up a SEP, a “simplified employee pension,” or a SIMPLE, “savings incentive match plan for employees.”
The IRS has said it will increase audits of small businesses by 50%. So, what audit triggers can your business look at to help avoid being targeted?
As a business owner, you should be aware that you can save family income and payroll taxes by hiring your child.
For a buy-sell agreement to be effective, you need to review it periodically and, if necessary, modify its language to reflect changing circumstances.