Before beginning your search, you must first look at your needs and honestly assess your habits. After you’ve identified all of your requirements in “Finding the account that fits your business,” it’s time to start the interviews. Set aside about
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Tax Credit Questions – Solved By:Pearl Dahmen Para, CPA, MA, CBA Q: What is this credit and how will it help small business owners? The Affordable Care Act has several provisions designed to help health insurance become more affordable and
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The thousands of codes, forms and filing dates leave business owners in frenzy when it comes to tackling taxes. It would make things a bit simpler if there was some sort of reminder system or catalog with all those must-know
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If you are seeking money, lenders might not give you any until your financial projections accurately express the risk and solve how the funds will get paid back. This financial forecast is also a crucial component of any business plan.
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If you are a new business owner with limited experience with the Internal Revenue Service, you may not be aware that the IRS and the Financial Management Service (the Treasury bureau that owns EFTPS*) do not communicate payment information or
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I still can recall my economics professor explaining the concept of entrepreneurial risk. He went on to say it’s a high rate-of-return that entices the individual to seek entrepreneurship. And, if that rate is not sufficient, the individual will abandon
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Money. Is it an issue for your small business? Is the issue really money or is it your Money Per$onality? In Ray Linder’s book, “What Will I Do With My Money?,” he narrows the 16 Myers-Briggs Typing Instrument (MBTI) personality
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IRS Hobby Loss Limitation Rule: The IRS permits small business owners to deduct necessary expenses, but those expenses, or losses, might get denied if the business doesn’t make a profit in three out of five years of business activity. This
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Do you know your current profit margins? Reconciling bank and credit card accounts is paramount to making solid business decisions! Not too long ago, business owners didn’t have a choice but to plunk away at a keyboard to enter hundreds
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Understanding the verbal jargon related to the new health care legislation can be confusing for most small business owners. Essentially, the law entices small employers to provide health care coverage by refunding income taxes that small businesses pay. The small
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Tax Planning
It would be a terrific idea if a small business owner didnt have to worry about providing health care coverage for its employees. Which is essentially what the Patient Protection Act lays outso small employers can compete for quality workers.
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Understanding the verbal jargon related to the new health care legislation can be confusing for most small business owners. Essentially, the law entices small employers to provide health care coverage by refunding income taxes that small businesses pay. The small
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Watch OUT, the IRS is Watching Most health care practices are structured as S-corporation. The justification is that, once the practice owner is paid a fair-market-value wage, the remaining distributions are treated as investment income and not subject to Social
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Health Care Act Reshapes Tax Code: Did you know the Patient Protection and Affordable Care Act (PPAC) impose a 3.8% Medicare tax on investment income? If you own a successful S-corporation with substantial flow-thru profits, you may find yourself paying
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The IRS recently presented information on the Hiring Incentives to Restore Employment (HIRE) Act enacted into law today. Read the full release here. From the release “Employers who hire unemployed workers this year (after Feb. 3, 2010 and before Jan.
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