Small Business

New Tax Penalty on Small Business Health Insurance

Small business groups are sounding a warning about an obscure Internal Revenue Service rule that takes effect imposing heavy fines on small businesses for [...]


<p> Whether you're starting a new business or running a well-established one, there's always value in getting some timely advice. Here's a list of ten [...]

5 Musts for Small Businesses

According to the Small Business Administration, small businesses make up 99.7 percent of all U.S. employers. Nearly 50 percent of revenue earned by locally [...]

Small and Midsized Businesses Expect Robust Recovery

Business confidence and the economic outlook have improved dramatically for small and medium-sized enterprises in the past year, according to a new survey by [...]

How to Decide Whether Your Business Needs an Audit

Audits provide the opportunity for a second set of eyes (usually those of a certified professional accountant) looking over your business’s accounts. An [...]

Decision Time: Deductible Repair or Capital Improvement?

After nearly a decade of review, the Internal Revenue Service finally released new repair and capitalization regulations last fall, and they could have a [...]

You Can’t Deduct Your Ex On Your Taxes

Some people get creative on their taxes. My advice? Don’t, but perhaps these examples will inspire you. The latest was William L. West, who claimed [...]

Travel The World, Write It Up, Write It Off

You have to admit it sounds awfully good. Travel the world, write your experiences, and write off all your expenses on your taxes. Trouble is, someone thought [...]

Small Business Owners’ January 2014 Tax Checklist

It’s the new year, which means it’s out with the old and in with the new, and this philosophy should come into play when it comes to your tax record [...]

Sale of Small Business Stock

A taxpayer may be allowed to exclude from taxable income a portion of the gain realized on the sale of qualified small business stock. There are two sections [...]