business operations

Surviving business slow down, business continuation issues as well as negative IRS tax outcomes It is a good time to understand IRS tax strategies and business continuation strategies – especially while we are seeing a small business economic fallout. A handful of us in our EA and...

HAVING TO LET GO EMPLOYEES DURING THIS COVID-19 PANDEMIC?   HERE IS WHAT TO KNOW NOW. WHAT ARE THE EMPLOYER OBLIGATIONS UNDER THE NEW (3/18/2020) FAMILIES FIRST CORONAVIRUS ACT IF THEY ARE FORCED TO LET EMPLOYEES GO? IMPORTANT: In this provision, these changed regulations from the US Department...

Starting a new business is a daunting task. Various studies have cited a failure rate of 50% for new businesses within their first year. With such a high-risk factor, prospective business owners need to do their research before launching their enterprise. Here are some helpful...

Top 5 things to consider when starting a business! 1. Follow your passion – Your business should have a purpose to improve the lives of others. This can mean lots of things, but this will improve your outlook on the business and on your life....

Common Tax Mistakes for Small Businesses   Knowing these rules can help avoid missing deductions or having them disallowed during an audit.   1.  Not saving receipts of less than $75 for meals and entertainment. Although the receipts are not required, records must show required information including persons (or...

BREAKING NEWS:  EMPLOYER HEALTH CARE MANDATE EXTENDED! Late Tuesday evening (7/2/2013), the Treasury Department announced that it is delaying the federal health care mandate for EMPLOYERS until January 1, 2015 and there will be no penalties assessed for business who don’t provide health insurance for their...