by Doug Kook | May 20, 2019 | Financial Planning, Small Business, Tax, Uncategorized
Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government is on the lookout for businesses that classify workers as independent contractors simply...
by Sheri Hart | May 14, 2019 | Financial Planning, Small Business, Start-ups, Tax, Uncategorized
Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know, before you even open the doors, you generally have to spend a lot of money. You may have to train workers and pay for...
by Doug Kook | Feb 18, 2019 | Financial Planning, Small Business, Tax, Uncategorized
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed payments — aren’t subject to self-employment (SE) tax. But the IRS has been cracking down on LLC...
by Sheri Hart | Feb 5, 2019 | Small Business, Tax, Uncategorized
The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners. But some fundamental tax truths for C corporations largely remain the same: C corporations are subject to double...
by Doug Kook | Sep 11, 2018 | Small Business, Tax, Uncategorized
You are forming, or have formed, a company and have selected your entity type; Now – where are you doing business? What state will be your home state? Which other states will you need to get authority to do business in? If your home state is Delaware, you will...
by Sheri Hart | Aug 24, 2018 | Audit & Review, Community, Estates & Trusts, Financial Planning, Non-Profit, Quickbooks & Bookeeping, Seminars & Presentations, Small Business, Staff News, Tax, Uncategorized
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