Unlocking Cash Flow from Tax Credits: A Hidden Advantage for Small Businesses
Small Business, Tax CreditsIf you’re the driving force behind a small or medium-sized business, you know that cash flow is the lifeline of your operations. Yet, in the daily whirlwind, an incredible opportunity often gets overlooked—tax credits. These aren’t just…
How Qualified Small Business Stock Can Maximize Your Investment Returns
Investment, Small Business, StocksArticle Highlights:
Gain Exclusion Benefits of Sec 1202 QSBS
Qualifications for Sec 1202 QSBS
Limitations of Sec 1202 QSBS
Holding Period Requirements
Determining the 5-Year Holding Period
Investor Exclusion Limits
Rollover…
Mastering Cash Flow: Strategies for Navigating Seasonal Slowdowns
Economy, Self-Employment, Small BusinessAs the vibrant colors of fall give way to the chill of winter, many businesses brace for the inevitable seasonal slowdown. Whether it's the changing weather or the uncertainty of election cycles, these periods can pose significant challenges…
Employee or Freelancer Navigating the Complex Landscape of Worker Classification
Employees, Self-Employment, Small BusinessArticle Highlights:
The Fundamental Differences
The Perils of Misclassification
Section 530 Relief
The Role of Form SS-8
States Impact on Classification
Navigating Misclassification
In the evolving landscape of the modern…
Stop Chasing Payments: QuickBooks’ Reminders Can Help You Get Paid Faster
Quickbooks, Self-Employment, Small BusinessIn 2021, QuickBooks introduced a set of reminder options designed to tackle one of the most pressing challenges for many businesses: getting customers to pay on time. If you haven't fully utilized these features yet, it's time to revisit them…
Top 5 Accounting Mistakes Small Business Owners Make and How to Avoid Them
Accounting, Small BusinessProper accounting is the backbone of any successful small business. It ensures that your financial records are accurate, helps you make informed decisions, and keeps you compliant with tax regulations.
However, many small business owners,…
Breaking News: The IRS Has Just Updated Their Position Related to Denying or Paying Employee Retention Credit (ERC) Claims
Finance, Finance Tips, Small Business, Tax CreditsArticle Highlights:
IRS's Current Position on ERC Claims
High-Risk Claims
Medium-Risk Claims
Low-Risk Claims
Availability of a Voluntary Withdrawal Program
Businesses with Unprocessed Claims
Businesses with Uncashed Refund…
Payroll Management: A Complete Guide for SMBs
Small BusinessPayroll taxes can be a significant headache for many small—to medium-sized business owners. Without proper education, entrepreneurs can find themselves in trouble with the IRS and state tax agencies. Fortunately, if you’ve been struggling…
How Overstaffing Can Impact Your Small Business
Small BusinessIn the bustling world of small businesses, where every decision can significantly impact your bottom line, overstaffing can be a major problem. One of the main reasons for this is that hiring too many employees can happen before you even realize…
Navigating the Tax Implications of Remote Work for SMBs: A Comprehensive Guide
Self-Employment, Small Business, Working From Home- TipsIn the wake of the pandemic, remote work has become the new norm for many American workers. As businesses across a wide range of industries have shifted to a remote model, employees and employers alike have experienced numerous benefits such…