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Tax Essentials for Sole Proprietors

October 23, 2026

Many small businesses start out as sole proprietorships. This structure is simple and inexpensive to establish and maintain — and it gives the owner direct access to profits without having to take formal distributions. But it also makes your taxes more complicated than when you were a W-2 employee.

How Much is Enough Cash on Hand for Your Business

October 15, 2026

How much is enough cash on hand for your business? The answer depends on more than a simple rule of thumb. This article breaks down a practical framework for making the decision on how to put your cash to work for you.

New IRS Per Diem Rates for 2026

October 8, 2026

The IRS has released its 2026-2027 special per diem rates for business travel, and the changes took effect October 1, 2026.

Dentists: Is Your Practice’s Overhead Too High?

October 7, 2026

Discover two strategies to reduce your dental practice’s overhead and maximize profitability while continuing to provide excellent patient care.

Minnesota Secure Choice Retirement Program

September 18, 2026

The Minnesota Secure Choice Retirement program was created to help employees build financial security for the future. Enrollment deadlines go into effect by the number of employees and the first deadline is June 30, 2026 for employers with 100+ employees.

FinCEN Eliminates BOI Reporting

August 25, 2026

Beneficial Ownership Information (BOI) reporting has been permanently removed as a requirement for U.S. companies

Right Type of Business Entity for a New Business

July 24, 2026

What’s the right entity type for your new business? Two popular options for closely held businesses with multiple owners are LLCs taxed as partnerships and S corporations. Read more for a comparison of these two business entitty types.

Do You Qualify as a “Small Business”?

June 7, 2026

Certain small businesses may qualify for various federal tax breaks. But different tax provisions use different size tests. Read on to learn more about big tax breaks for small businesses that meet one such test.

S-corp Classification FAQs

June 1, 2026

S-corporations are one of the most frequently discussed tax structures for small business owners. While they can offer real savings on self-employment taxes, the benefits aren't automatic - they depend on your income level, involvement in the business, and whether you're ready to manage the added compliance responsibilities.

Tax Identity Theft and Business Risks

May 22, 2026

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Criminals may file fraudulent returns using a business’s EIN, impersonate executives to steal employee W-2 data, or use forged IRS documents to pose as a business for financial or tax-related activity.

ACA Penalties May Still Apply

May 20, 2026

Beware, small business owners: As your workforce grows, ACA compliance can become a costly surprise without proper planning.

Research Credit FAQs

May 15, 2026

The research credit isn’t just for labs or tech companies. Many businesses are missing out because they mistakenly assume they don’t qualify, or aren’t sure where to start. Learn how the credit works and what to consider.

Should You Consider Adopting a Fiscal Year End?

May 13, 2026

Most businesses use December 31 as the end of their fiscal year. But some companies in construction, accounting, and snowplowing operations, for example, may have valid reasons for adopting fiscal year ends. Aligning your tax year with your operating cycle can streamline reporting and support better planning.

Qualified Overtime Compensation Deduction

April 2, 2026

The IRS has issued guidance for the qualified overtime compensation deduction, effective for tax years 2025 through 2028. Eligible workers must meet specific eligibility requirements, including valid Social Security numbers and certain filing status conditions.

Small Business Health Care Coverage Credit

February 9, 2026

Tax credits reduce tax liability dollar-for-dollar and can be more valuable than deductions, which reduce only the amount of income subject to tax. One tax credit that may be valuable is the small business health care coverage credit for small businesses who provide health insurance coverage to employees.