The best choice of entity can affect your business in several ways, including the amount of your tax bill. In some cases, businesses decide to… Read More »The right entity choice: Should you convert from a C to an S corporation?
When it comes to taxes, December 31 is more than just New Year’s Eve. That date will affect the filing status box that will be… Read More »Your taxpayer filing status: You may be eligible to use more than one
In the early 1990s, the Balanced Scorecard approach to strategic planning was developed to enable business owners to better organize and visualize their objectives. With… Read More »The Balanced Scorecard approach to strategic planning
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Keep in mind that this list… Read More »2021 Q1 tax calendar: Key deadlines for businesses and other employers
If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must be sent to the IRS… Read More »The next estimated tax deadline is January 15 if you have to make a payment
The COVID-19 pandemic and resulting economic impact have hurt many companies, especially small businesses. However, for others, the jarring challenges this year have created opportunities… Read More »Should you add a technology executive to your staff?
Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan,… Read More »Maximize your 401(k) plan to save for retirement
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as… Read More »The QBI deduction basics and a year-end tax tip that might help you qualify
It’s been estimated that there are roughly 5 million family-owned businesses in the United States. Annually, these companies make substantial contributions to both employment figures and… Read More »Family business owners must weave together succession and estate planning
Are you thinking about selling stock shares at a loss to offset gains that you’ve realized during 2020? If so, it’s important not to run… Read More »Steer clear of the wash sale rule if you’re selling stock by year end
As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and other… Read More »Small businesses: Cash in on depreciation tax savers
The year 2020 has taught businesses many lessons. The sudden onset of the COVID-19 pandemic followed by drastic changes to the economy have forced companies… Read More »Lessons of 2020: Change management