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, […]

While forming a C Corporation might not be right for your business, it’s important to look in detail at all the pros and cons before making any conclusions: What is a C Corporation? A C Corp is a legal structure for a business with owners or shareholders who are taxed separately from the entity; a […]

If you own a business that is registered to operate within the state of Florida, then by the 1st May every year, you’ll be required to complete a Florida Annual Report with the Secretary of State. If you’ve never had to file one before, or didn’t even know such a thing existed, then the following […]

With online technology and cloud computing improving and becoming more accessible, the way all of us do business, is changing. Nowadays, if your small business needs bookkeeping or accounting help but you don’t want (or can’t afford) to take on a full-time employee, teams of qualified and skilled professionals are ready and waiting to assist […]