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Choice of Business Entity

November 16, 2022

Your choice of business entity can affect your taxes, your personal liability, and other issues. A limited liability company (LLC) is somewhat of a hybrid entity in that it can be structured to resemble a corporation for owner liability purposes and a partnership for federal tax purposes.

Reporting Employee Health Coverage

November 16, 2022

Certain employers have the requirement of reporting employee health coverage. Do you know if your business has to comply, and if so, what must be done?

Rural Broadband Grant Program Update

November 14, 2022

Many federal and state grants are available and currently accepting applications or awarding funds for service providers to expand broadband access in rural areas.

Navigating Tough Times for Business Owners

November 4, 2022

In these difficult economic times, here are some tips on optimizing your business in the professional services industry.

Code of Ethics

October 5, 2022

A Code of Ethics is more than limiting potential fraud losses. It also provides nonprofit organizations with an opportunity to document and disseminate its core values.

Solo 401(k) Nest Egg

October 4, 2022

Do you own a successful small business with no employees and want to set up a retirement plan? Or do you want to upgrade from a SIMPLE IRA or Simplified Employee Pension (SEP) plan? Consider a solo 401(k) to build a solo 401(k) nest egg for your retirement.

Saving for the Future

August 11, 2022

As your child begins to earn money from a job, it’s a great time to teach them about saving for the future. While a savings account is a great start, an even better opportunity is to open an IRA. With an IRA, your child can invest their hard-earned funds and

Nonprofit Revenue Detective

August 11, 2022

Be a nonprofit revenue detective. You don’t have to wait for the next scheduled audit to assess your nonprofit’s financial health. Follow the lead of your professional auditors and focus on analyzing your revenue.

Is a Donation Worth Bad Publicity?

August 10, 2022

No not-for-profit wants to turn down donations — particularly if they’re large. But, you need to decide is a donation worth bad publicity? Bad publicity, particularly if it hits social media and goes viral, can be far more expensive for your organization in the long run.

Multi-State Taxation

August 1, 2022

Manufacturers operating in more than one state may be subject to multi-state taxation. But with proper planning, you can potentially lower your company’s state tax liability.

Going Out of Business Tax Obligations

July 12, 2022

Many businesses shut down due to the pandemic and the economy. However, going out of business tax obligations need to be met. First, a business must file a final income tax return and other related forms for the year it closes its doors.

Essential Estate Planning Documents

July 11, 2022

Estate planning is an essential part of financial planning for all individuals, regardless of age or asset level. It can help ensure you have enough money for retirement, minimize your estate taxes and maximize the wealth you pass to your beneficiaries.

Getting the Grant

July 11, 2022

There are thousands of grants and millions of dollars available to nonprofits from the federal government, states, foundations and other sources. Getting the grant you need generally requires you to submit a thorough, professional, and compelling grant proposal.

Nonprofit Fraud Controls

June 20, 2022

The 2022 Report to the Nations from the Association of Certified Fraud Examiners reports that not-for-profits are the least likely type of organization to experience occupational fraud. And nonprofit fraud controls can be inexpensive to put into place. For example, a code of conduct, mandatory vacations, fraud training for employees,

Research Tax Credit

June 16, 2022

If your small business or start-up is planning to claim the research tax credit, there’s an option to get immediate use of the research tax credit. Subject to limits, you can elect to apply all or some of any research tax credits against payroll taxes instead of your income tax.