Incorporate or Not To Incorporate – That Is The Question!

One of the first decisions you face as a new business owner is whether or not to incorporate the business. The biggest advantage of incorporating is limitation of your liability. Your responsibility for debts and other liabilities incurred by a corporation is...

Who Owes Self Employment Tax?

If you earned $400 or more of net profit during 2013 (as an example) from work as a sole proprietor or independent contractor, you may owe self-employment tax. That’s true no matter what your age – even if you’re receiving social security benefits. The tax...

Dealing With Death, Disability & Departure in Business

Every business should give serious consideration to how the company would deal with the death, disability, or departure of one of the owners. Like a will, a buy/sell agreement (also known as a business continuity contract) spells out how assets and other business...

Choosing The Right Business Entity and Tax Secrets Revealed Part 1

0.75x 1x 1.25x 1.5x 2x 0:00... Choosing The Right Business Entity and Tax Secrets Revealed Part 1 Apple PodcastsGoogle PodcastsPlayer EmbedShare Leave a ReviewListen in a New WindowDownloadSoundCloudStitcherSubscribe on AndroidSubscribe via RSSSpotify Free Path To...

Why Didn’t My CPA Tell Me About That???

Denise Griffitts interviews Diane Gardner, “Your Tax Coach”. Did you know that taxes are our biggest expense?  And did you know that owning your own business – even a startup or sideline business – is the best tax shelter in America? Are...