Category Archives: Business Taxes

What Is Reasonable Compensation?

What Is Reasonable Compensation? For small businesses formed as an S-Corporation and with plenty of profits, reasonable compensation is a term you may want to be familiar with. Many small businesses have organized as an S-Corporation form of entity.  In … Continue reading

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Do You Have Past Due Accounts?

Do You Have Past Due Accounts? If you perform a service or ship a product before you get paid, then you likely have a balance in your Accounts Receivable account. If customers pay when their invoice is due, all is … Continue reading

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Tax Time, Ready or Not

It’s always a huge relief to many people who get their taxes done early. That gray cloud of stress that nags at you to get it over with can be gone in a matter of weeks instead of months.  April … Continue reading

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Five Money-Saving Things to Do Before Ringing Out 2016

Five Money-Saving Things to Do Before Ringing Out 2016 Hopefully you’re having a wonderful December with all of the holidays and parties this month.  And if you’ve spent too much on gifts and decorations, never fear.  Here are six ways … Continue reading

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Is There Really a 4-Hour Workweek?

Is There Really a 4-Hour Workweek? Tim Ferriss made the 4-hour workweek a popular concept in his 2007 book.  But is there such a thing, and more importantly, can business owners like you and me cash in on it?  As … Continue reading

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Seven Small Business Risks You Might Not Know You’re Taking

Seven Small Business Risks You Might Not Know You’re Taking Running a small business is often about taking and managing risks. Market risks are normal but business and tax risks are another thing altogether.  Most business and tax-related risks can … Continue reading

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How to Avoid Sales Tax Surprises

Sales tax laws are constantly changing, and sales tax audits have increased since states and local agencies have become creative about finding new ways to generate revenues. If you haven’t made any changes in your sales tax procedures in a … Continue reading

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Are Your Workers Contractors or Employees?

If you have workers in your business, you’ve likely made a decision when you hired them as to whether they should be an employee or a contractor. If all you hire are employees, then you have nothing to worry about. … Continue reading

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It’s Bonus Time

It’s Bonus Time Year-end is a great time to think about rewarding your staff for a job well done in 2014.  Here are a couple of quick tips to help you make the most of bonuses while protecting your business … Continue reading

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Catching Up with Your Contractors Before 1099 Time

Catching Up with Your Contractors Before 1099 Time In a little over a month, it will be 2015 and time for year-end accounting chores.   One of those chores is getting your 1099s out, and now is a good time to … Continue reading

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