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28th September 2009
Here are some general start-up tips for a successful home business.
The first tip is a word of caution. It’s easy to think that because your home business can bypass the lease or construction aspects of starting a business, and the overhead costs of ... Read >
Author: wbdoyle28th September 2009
Training and True Learning – They Just Aren’t the Same Thing!
Keeping up in today's market has become more difficult than ever, with competitiveness at it's highest and the pace of market demands at it's fastest. Today's corporations can't afford t... Read >
Author: forthillcompany23rd September 2009
In the course of this article you will be presented with the most important reasons why you should choose the Limited Liability Company, or LLC, over the S-Corporation. All these reasons are related to giving business owners more freedom and tax advantage... Read >
Author: groshan fabiola22nd September 2009
Drug testing is a big business. With at least fifteen large U.S. corporations supplying laboratory testing, employees and others are only a few minutes’ drive from a testing facility. From employers who use drug testing as a pre-employment screening to... Read >
Author: wbdoyle10th September 2009
When willing to invest in mutual funds for Supplemental Retirement Income Planning, you have millions of alternatives. It is always important to analyze the plan, its limitations and the risks you will be running, and thus, it would be easier for you to n... Read >
Author: wbdoyle10th September 2009
Subchapter S Corporation is a special type of business that protects the personal assets of people from liquidation (in case of a bankruptcy) while adopting a flow-though system which means that incomes and losses are passed to the shareholders.
Accord... Read >
Author: Mesriani Law Group08th September 2009
NEW JERSEY ASSOCIATION OF
ACCOUNTANTS
NEWSLETTER
JANUARY 2009
IRS Small Business and Self-Employed Division Will Emphasize Enforcement Activities over the Next Year
By Lance Wallach
Over the next 12 months, the Small Business and Self-Emplo... Read >
Author: Lance Wallach07th September 2009
How to Save Taxes with an S Corporation
Ever wondered why so many small businesses—more than 3,000,000 at last count—operate as an S corporation? Simple. An S corporation saves business owners big taxes in three separate ways:
First, as compared... Read >
Author: wbdoyle18th August 2009
Most of the time, an S corporation does not pay federal income taxes. The essential feature of an S corporation is that shareholders pay the taxes on income?not the corporation. However, three situations exist whereby an S corporation may end up paying ta... Read >
Author: Stephen L. Nelson13th August 2009
Individual health insurance and cafeteria plans are options that can help you provide health care for your family. Here's how to get a low cost plan.
Finding Affordable Individual Health Insurance
If you don’t have access to group health insuran... Read >
Author: Brian Stevens10th August 2009
With all the talk lately about the exorbitant salaries of CEOs, there was a good news story that hit the airwaves recently. CEO of Japan Air Lines, Haruka Nishimatsu was reported to receive $90,000 annual salary. Yes, that's right, not $9 million, not e... Read >
Author: Bob Selden31st July 2009
Recent IRS statistics say that S corporations represent the most popular form of small business corporation. That's understandable. S corporations provide some powerful tax savings benefits for small business owners and investors.
Unfortunately, the S ... Read >
Author: Tom Wheelwright30th June 2009
I find that most people have a good grasp of the basics when it comes to entities, but are often missing the little things that can have a huge impact (good and bad) on tax savings. I have a real-life story that captures this well.
Pierre is starting ... Read >
Author: Tom Wheelwright29th June 2009
Real estate investors sometimes think about using S corporations for real estate investing. And the idea sounds promising. Almost everybody knows that S corporations are popular. And many people even vaguely know S corps deliver some big tax benefits to s... Read >
Author: Stephen L. Nelson18th May 2009
If you want to form a Limited Liability Company that will be taxed as an S Corporation, you’ll want to know some basic information before you start a business. Many people choose to form their companies as an LLC but with the S Corporation taxation elec... Read >
Author: DirectTM16th March 2009
Do you own a corporation but don't think you'll complete the 2008 corporate income tax return by the March 16 deadline? This article explains how to file an extension without a hitch, giving you until September 15 to file the return.
If your small bus... Read >
Author: Wayne M. Davies10th March 2009
If your small business is a corporation, March 15 is the most critical tax return deadline of the year - even more important than April 15. Find out why in this article.
First, some good news. The March 15 deadline is actually March 16. Go ahead and br... Read >
Author: Wayne M. Davies02nd March 2009
Recent Internal Revenue Service data show that S corporations represent the most popular form of incorporation. That's understandable. S corporations often save lots of tax for small businesses.
Unfortunately, the S corporation's extra accounting compl... Read >
Author: Stephen L. Nelson02nd March 2009
Every year the IRS delays the processing of millions of income tax returns for the same reasons. Here's the scoop on three of the most common tax preparation blunders and how to avoid them.
Mistake #1: Forgetting to sign the return. If you omit your si... Read >
Author: Wayne M. Davies06th January 2009
As a new entrepreneur or small business owner, it can become a daunting task to determine the legal stance of your business. Corporations are favored because unlike sole proprietorships and partnerships, corporations provide liability protection. The busi... Read >
Author: Joe Cline19th December 2008
The advantages are incorporating your small business are many.
For starters, you'll be protecting yourself and your family from the possibility of a business ending lawsuit. Forming a corporation is Step One on the path known as "Asset Protection" -- y... Read >
Author: Wayne M. Davies01st December 2008
The U.S. Treasury now says that S corporations outnumber regular business corporations. But that shouldn't surprise. S corporation tax treatment typically saves thousands of dollars a year in taxes per shareholder-employee.
S corporations, unfortunatel... Read >
Author: Stephen L. Nelson30th November 2008
S corporations, according to the Internal Revenue Service, have become the most popular form for doing business in the United States. As a result, business owners and entrepreneurs must know how business planning for an S corporation differs from planning... Read >
Author: Stephen L. Nelson05th September 2008
Some CPAs and attorneys say there's an eleventh commandment, "Thou shalt not invest in real estate inside a corporation." And, usually, this proclamation holds true. Investing in real estate within a corporation means you lose many of real estate's tax be... Read >
Author: Stephen L. Nelson03rd September 2008
Incorporation offers a small business owners a great way to reduce liability and taxes. Unfortunately, the rules for professionals who want to incorporate are be tricky. Fortunately, one can make incorporating a professional practice like law or medicine ... Read >
Author: Stephen L. Nelson20th August 2008
Intellectual property (IP) is a catch-all term that covers creations of the mind, or intellect, that are both commercial and artistic in nature.
There are two categories of such property, the first of which includes creative works such as books, movie... Read >
Author: Bob Schuster29th July 2008
Introduction - s vs c corp
Self-Employment Taxes - C corporation vs S corporation
One of the main reasons people set up an S corporation or make the S corp tax election for their LLC is to save self-employment taxes.
The tax rate is 15.3% up to $... Read >
Author: Nick Braun EA PhD22nd July 2008
Introduction
There are two types of corporations:
•S corporations, and
•C corporations
We will take a close look at the drawbacks and S corporation advantages, also known as S corps.
S corps offer limited liability and simple tax treatmen... Read >
Author: Nick Braun EA PhD18th July 2008
Incorporating a business often makes good legal and tax sense. Absolutely.
But new entrepreneurs need to know that a handful of incorporation scams often ensnare small businesses. And that is truly unfortunate. Getting entangled in an incorporation sca... Read >
Author: Stephen L. Nelson02nd July 2008
Many businesses start life as an s-corp and when profitable become c corps to benefit from income splitting and fringe benefits. Alternatively they form an LLC which is simpler to form and operate but offers the same personal liability protection.
S co... Read >
Author: Nick Braun EA PhD01st July 2008
Build Good Business Credit by Not Making It Personal
When you need to borrow money to grow your existing business, wouldn’t you like to walk into a bank and know that you stand the best possible chance of being approved? Of course you would, but do yo... Read >
Author: Trent Lee13th June 2008
Small business owners usually minimize their taxes by operating as a sole proprietorship, partnership or S corporation. Or by operating as a limited liability company taxed as a sole proprietorship, partnership or S corporation.
However, even though C ... Read >
Author: Stephen L. Nelson27th May 2008
This shift in our view of the world is so striking that a new field of science has emerged devoted to the study of complexity and chaos. Where once managers thought their work was amenable to analysis and control, now they flounder in an unpredictable flu... Read >
Author: Alien27th May 2008
This shift in our view of the world is so striking that a new field of science has emerged devoted to the study of complexity and chaos. Where once managers thought their work was amenable to analysis and control, now they flounder in an unpredictable flu... Read >
Author: Alien25th May 2008
An equipment leasing decision can be the best alternative for small businesses when weighed against paying out a large sum of cash or going to the bank for a loan to acquire or upgrade equipment. Having your cash reserves invested in equipment makes you ... Read >
Author: Writerman08th May 2008
Corporations
Corporations are a legal entity owned one or more shareholders. They can be private or public like Ford, Microsoft, Federal Express, etc.
As a real estate investor, you can create your own private or closely held corporation by filing a... Read >
08th May 2008
Limited Liability Companies and Your Second Home
By
Brian P. McMahon
www.tpalaw.com
If you own a second home, a vacation home, vacant or rental property, it should be owned by a limited liability company (“LLC”). A word of caution, a LLC is usu... Read >
Author: Brian P. McMahon27th March 2008
Because of increasing pressure from Congress and the President, the IRS has began an effort to increase the number of audits they perform to help lower the ever growing tax gap. Eliminating the tax gap – estimated to be $312 billion to $353 per year –... Read >
Author: Roni Deutch27th March 2008
Because of increasing pressure from Congress and the President, the IRS has began an effort to increase the number of audits they perform to help lower the ever growing tax gap. Eliminating the tax gap – estimated to be $312 billion to $353 per year –... Read >
Author: Roni Deutch19th March 2008
Are IRS audits really on the rise? YES!
Here are a few highlights from the IRS's audit activities in 2007:
For the first time since 1998, the percentage of individual tax return audits was higher than one percent. Audits of S corporations and part... Read >
Author: Tom Wheelwright07th March 2008
Use Captive Insurance Companies to Save Money
www.vebaplan.com
Have you seen the commercials where certain companies advertise they can settle an IRS debt for “pennies on the dollar”? Usually the offer is too good to be true. Besides, you never ... Read >
Author: Lance Wallach22nd August 2007
The corporate entity is a very popular one with most businesses. Although traditional “C” corporations are frowned upon for small businesses, “S” corporations are viewed more favorably.
So, just what are “S” and “C” corporations? The te... Read >
Author: Richard Chapo19th July 2007
The limited liability company is a popular business entity for small businesses. Here are some common questions and answers regarding the entity.
LLC stands for limited liability company. The entity was first created in Wyoming in the late 1970s, but ... Read >
Author: Richard Chapo27th June 2007
Copyright (c) 2007 John Fraker
One of the most important issues facing the Owners of a new business ? or the owners of an existing sole proprietorship or partnership who desire asset protection - is how to choose the right entity for their business.
... Read >
17th May 2007
There are numerous ways to slash your taxes. A savvy Internet business owner recognizes that these tax saving strategies can add up to thousands of dollars.
First, let’s take a look at two ways in which you can structure your Internet business. S... Read >
Author: Matt Bacak18th April 2007
Do you know the best legal structure for your small business? Legal structure refers to the way a business is organized. Choosing the best legal structure for your business is critical, as it affects aspects of your business ranging from tax payments to... Read >
Author: Mike Goldstein04th October 2006
Copyright 2006 Chris Zavadowski
I say: nothing is ever as good or bad as it first appears. And many have observed: one person's tragedy, another's opportunity. People tend to over-react and react too quickly to a lot of "bad" economic news, acting as i... Read >
Author: Chris Zavadowski03rd October 2006
As corporate America's compliance-related costs level off, finance professionals focusing on SOX-related work may soon need to switch gears.
According to a study by Financial Executives International, a trade association for executives in corporate fina... Read >
Author: Neil More13th July 2006
Here are some general start-up tips for a successful home business.
The first tip is a word of caution. It's easy to think that because your home business can bypass the lease or construction aspects of starting a business, and the overhead costs of fu... Read >
Author: Vita Vee16th April 2006
In mid January, we warned that you might wish to "circle the date March 20, 2006" on your calendars in red. (This past week, June Crude Oil futures hit all-time highs!) That is when Iran, the world's fourth biggest exporter of crude oil, planned to report... Read >
Author: James Finch08th April 2006
The Spirituality at Work Paradox.Just this morning a friend of mine was reminiscing about the good old daysat work when people got turkeys or gift baskets instead of gift certificatesat Christmas, and when there were regular boat trips and park celebratio... Read >
joan marques
09th February 2006
The development of corporations has turned out to be a great boon for American as well as world economy. Basically a corporation is understood as a lawful body that entitles a group of people to act as unit or an individual. But since past few decades a n... Read >
Author: Mansi Gupta18th August 2005
Drug testing is a big business. With at least fifteen large U.S. corporations supplying laboratory testing, employees and others are only a few minutes' drive from a testing facility. From employers who use drug testing as a pre-employment screening tool... Read >
Author: Damian Sofsian11th August 2005
Taking Charge of Your 401(k) Investments
Copyright 2005 Daniel Lamaute
Lamaute Capital, Inc.
http://www.InvestSafe.com
These days financial services firm, Lamaute Capital Inc. (http://InvestSafe.com), is seeing a lot more investors worried
a... Read >
Author: Daniel Lamaute10th August 2005
For many small businesses, the "S" corporation is the business entity of choice. The "S" in S corporation refers to a tax designation. All corporations are created the same way under state law. A small business must then chose a tax status, to wit, "C", "... Read >
Author: Richard Chapo19th July 2005
There are many ways to incorporate a business in Florida. While companies exist to do the legwork and paperwork for you, the most direct way is to contact the Florida Department of State, Division of Corporation's website itself.
When you visit the w... Read >
Author: Dave Lavinsky03rd February 2005
Yes, the tax season is upon with the first filing date for
some businesses being March 15, 2005. If you can't imagine
getting your tax returns together by that date, you need not
worry. The IRS automatically gives you an extension if your
file the... Read >
Author: Richard Chapo
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