The US Congress and President Trump have passed the largest tax reform legislation in over three decades. However, the bill, which will affect most taxpayers, will not affect taxes for 2017- it will be effective for taxes filed for 2018. For those wondering what the bill is all about, below is a summary of the major...Read More
Considering the recent events in data breaches which include headline grabbing names like Equifax, Brooks Brothers, Verizon, FAFSA: IRS Data Retrieval Tool, and InterContinental Hotels Group, it is become clearer that consumers need additional protection for the sensitive information these companies are entrusted with. Consumers are being left with a narrowing filed of options when...Read More
When starting a business there are usually many questions swirling through an entrepreneur’s mind. How will I find customers? Am I crazy for doing this? Where will I find funding? The excitement and eagerness to get started doing something you love can be intoxicating. However, when starting a business there are additional considerations and questions...Read More
A C corporation is any business organized and bound by the rules of Subchapter C of the Internal Revenue Code and files an income tax form 1120. A C corporation is an intangible entity separate from the owners of its stock and it is invisible. C corporations are created by law and can be organized...Read More
S corporations are a unique business form. Named after Subchapter S of Chapter 1 of the Internal Revenue Code, these corporations mix the benefits of a partnership with the benefits of being a corporation to create a flexible business. Here are a few quick facts about the S Corporation. For example, there usually is no...Read More
Whether it is an established firm or a budding enterprise looking to bring on additional help, a business needs to consider how its workers will be classified. Worker classification is important when determining if it is the duty of an employer to withhold and pay Social Security, Medicare, unemployment tax, and state taxes from wages...Read More
