If you are considering buying an existing business, take time to investigate the business thoroughly. Don’t be too eager. Many people feel they should get into the business and then worry about the problems as they develop. An investigation of all the...
One of the smartest tax moves you can make for your service business is hiring your spouse to work as your employee, but there are some pitfalls you must avoid if you don’t want all that tax savings to disappear. You also don’t want the IRS breathing down your neck...
The Payroll Protection Program (PPP Rule) has been a rollercoaster for service business owners. It’s been both useful and frustrating, depending on your experience with the platform and how many questions you had about the program. With the rules constantly changing...
If you were offered the choice of being paid $100 today or $100 a year from now, you would probably choose $100 today. After all, even at today’s low-interest rates, your $100 might earn a small return over the next year. This simple example illustrates an...
Right now there are over 11 million Americans who owe the IRS back taxes… are you one of them? If you are, then you are going to want to read the rest of this blog post. Recently the IRS introduced its “People First Initiative” where it temporarily suspended...
A couple of weeks ago we sent out a recap of the new Stimulus Bill that was passed by Congress. Some changes were made before it was signed by President Trump. Here is a list of items that could affect you or your service business. General Info: Stimulus checks of...
