business governance

Could you Benefit from Stronger Business Governance?

Every company has at least one owner. And, in many cases, there exists leadership down through the organizational chart. But not every business has strong governance. Could you benefit from stronger business governance? In a nutshell, governance…
Operating across state lines

Operating Across State Lines Can Offer Risks & Rewards

It’s a smaller business world after all. With the ease and popularity of e-commerce, as well as the incredible efficiency of many supply chains, companies of all sorts are finding it easier than ever to widen their markets. Doing so has become…
Reimburse Employee Travel Expenses

Tax-wise Ways to Reimburse Employee Travel Expenses

If your employees incur work-related travel expenses, you can better attract and retain the best talent by reimbursing these expenses. But to secure tax-advantaged treatment for your business and your employees, it’s critical to comply with…
Hire your Children

Save on Business & Personal Taxes: Hire Your Children

It can be difficult in the current job market for students and recent graduates to find summer or full-time jobs. If you’re a business owner with children in this situation, you may be able to provide them with valuable experience and income…
Buy Home

Help your Child or Grandchild Buy a Home

Mortgage interest rates are still at low levels, but they likely will increase as the Fed continues to raise rates. So if you’ve been thinking about helping your child — or grandchild — buy a home, consider acting soon. There also are…
Tax consequences of partnerships

Tax Consequences of Partnerships

In today’s competitive environment, offering employees an equity interest in your business can be a powerful tool for attracting, retaining and motivating quality talent. If your business is organized as a partnership, there are tax consequences…
IRS Audit

What Business Owners Should Know About IRS Audits

If you recently filed for your 2016 income tax return (rather than filing for an extension) you may now be wondering whether it’s likely that your business could be audited by the IRS based on your filing. Here’s what every business owner…
Contractor

Contractors: Protect Your Business

  One missing  document can become very costly for Contractors. Here are 5 tips to protect your business and save you money. 1.Your Subcontractor’s Work Comp Exemption Cert is not Enough Many contractors think if their subcontractor…
Roth IRA

A "Back-door" Roth IRA can Benefit Higher Income Tax-Payers

A potential downside of tax-deferred saving through a traditional retirement plan is that you’ll have to pay taxes when you make withdrawals at retirement. Roth plans, on the other hand, allow tax-free distributions; the trade-off is that…
IT Plan

Creating a Strategic IT Plan

Many companies take an ad hoc approach to technology. If you’re among them, it’s understandable; you probably had to automate some tasks before others, your tech needs have likely evolved over time, and technology itself is always changing.…