At some point you may be on the receiving end of a debt collectors call. It could happen any time you are behind on paying your bills or when there is an error in billing. In the U.S. there are strict rules in place that forbid any kind of harassment. If you know your rights, [...]
Most new businesses start with no thought about legal structure. In the eyes of the IRS, the default structure is a "sole proprietor," in which your business profits are taxed on your personal tax return. This can serve you well to start, but there are several reasons you may want to consider incorporating as your [...]
With the new administration in Washington D.C., tax changes are likely in our future, but the details of those changes are unknown. What we do know about 2017 core tax rates and inflation-adjusted figures will come in handy when you file your 2017 tax return in early 2018. Standard deduction increases. The 2017 standard deduction [...]
Aristotle famously lamented that giving away money is easy, but giving it away wisely is another matter. For business owners, smart giving begins with an understanding of a few tax rules. Your business form. The tax implications of giving to charity from your business depend on your form of entity. A regular C corporation can [...]
As an employee, you may not have thought much about the procedures behind the issuance of your paycheck. But as a new business owner, you'll need to understand how federal employment taxes work because you'll have to withhold these payroll taxes from your employees' paychecks. Here's an overview of four types of payroll tax. Social [...]
