As the owner of a small business, there may be a whole host of tasks that you don’t enjoy doing, don’t have the skills to do, or simply don’t have the time to do, and for many, accounting takes the top spot on the list. But your small business taxes have to be calculated and […]

Limited liability companies, or LLC’s, give business owners far greater federal income tax flexibility, especially when compared to sole proprietorship, partnerships or other types of organizations. Let’s look at this in more detail: What is the primary benefit of an LLC as far as taxes are concerned? For tax purposes, LLC’s are known as pass-through’s, […]

Did you know that currently, more than a third of all global businesses obtain products and services from an outside provider? This makes outsourcing much more than merely a growing trend, and below are some of the most popular services small businesses outsource today: Accounting This is by far the most common outsourced service that […]

Helping to minimize a business’ income tax liability, tax credits and tax deductions are useful, but different. While tax credits reduce taxes, deductions are calculated as a percentage of dollars spent based on the tax rates, and help to cut down your taxable income. Still confused? Let’s look at tax deductions in a little more […]

Needing or wanting to reinstate an LLC or corporation after it was involuntarily dissolved is not uncommon, but often, the individuals wanting to take this action are unsure of what steps to take. Read on for more advice and guidance about reinstating your business: Firstly, try to understand what led to the dissolving of your […]

Deciding how to structure your business is one of the first decisions you’ll make as a business owner, and it’s a big one that can have long-term implications. Adopting some legal configuration to define the rights and liabilities of those participating in control, ownership and financial structure of a business, among other factors, is obligatory, […]