Times are tight in the U.S. job market, with the unemployment rate at less than 4% since the start of 2024. So, how can a small business owner attract and retain quality talent? It’s no surprise that employee benefits are the difference for most prospective employees. But there’s a lot to consider, especially finances. So… Read More

Small business owners have to make plenty of tough decisions, and whether to offer employee health benefits is one of them. There’s no way to definitively say which decision is right, but we can go over the variables to consider before making a decision. Let’s go! The pros of offering employee health benefits There are… Read More

Entrepreneurs are a bit like pilots. They long to fly higher, but that’s where the turbulence is worst. So, they adapt by using better tools. As your business starts to soar, it will hit turbulence, like tax complexities, that can’t be properly handled without advanced resources. So, if your business is reaching new heights but… Read More

Personal financial literacy seems to grab all the headlines, but business literacy is just as important, no matter where you are in your entrepreneurial journey. If you’re just starting, there is plenty to learn, and if you’ve been in the game awhile, you know it always keeps changing. Either way, it’s essential to keep learning.… Read More

They say the difference between a successful small business and a bad joke is that you can explain a bad joke to the IRS. Of course, you can explain a successful business to them, especially if part of that explanation involves a good business tax strategy. That’s because a good strategy can maximize profits and… Read More

No one goes into a business to lose money unless they are interested in committing tax fraud.   But even losses and bad debts can be used to survive until better times come around. If you want to open a business but worry about financial losses, today’s post will show you potential ways to deal… Read More

Ben Franklin said death and taxes are the only two sure things in life. But unlike taxes, Congress does not meet yearly to make death harder. Yes, the tax code can get pretty complicated for small business owners, especially when it comes to tax deductions. Today’s post will add some clarity and help you identify… Read More

It’s easy to blow off talk of abusive tax shelters, tax evasion, and tax fraud. After all, those things only affect the uber-wealthy, right? Well, sort of. Let’s face it, no one reading this blog saw their name in The Paradise Papers. And they aren’t worried about being cast as a character in The Laundromat.… Read More

There are tons of articles about Limited Liability Companies (LLCs) and S Corporations. But there’s still plenty of confusion about how they work, especially regarding taxes. So, today’s post will examine whether or not it’s better for an LLC to be taxed as a sole proprietorship or as an S corporation. That way, you can… Read More

If this week’s headline on classifying employees looks familiar, that’s because it’s exactly like last week’s– except for the number. Lest you think we’ve taken to making sequel flops for our posts, a la Caddy Shack II, think again. This week’s post is a follow-up to last week, covering how the IRS classifies worker tax… Read More