Getting an early start to your taxes can help you minimize your tax burden, increase deductions, and avoid the end of the year scramble. Read more
How You Can Manage the High Cost of Unemployment Tax in your Business with tips on how employers can reduce the amount of Unemployment Tax they pay. By Steve Engelhardt, Certified SCORE Mentor
An ESOP is also not an Employee Stock Option Plan. It is a defined contribution retirement plan established under section 401(a) rather than 401(k) and has two major differences. It must invest primarily in stock of the sponsoring company, and can borrow money to do so. The name is very misleading since the employees never own any of the company stock.
An ESOP is not a do-it-yourself endeavor. The creation is complicated. The ESOP must conform to the laws and regulations of both ERISA and the IRS, and is overseen and regulated by the Department of Labor. Dealing with one government agency is bad enough. Dealing with three of them is horrific.
With the tax deadline quickly approaching make sure that you are aware of the deductions and credits that your small business qualifies for.
The hour will be dedicated to answering your tax-related questions and concerns and offer tax advice you can implement throughout the year. Read more
We asked business leaders and entrepreneurs what signals small businesses need to look for when deciding if they need a new revenue stream to offset losses.
Ready for the 2021 tax season? These tips will guide business owners filing small business taxes for tax year 2020 amid the COVID-19 pandemic.
How to select the business entity type for your small business.
The best way to reduce your risk of an audit is to keep thorough, accurate records and file on time. If you ever do get audited, follow these steps to get through the process... Read more