2014 Form 1099 and W-2 Reporting

The new year is here, and with the new year come new deadlines. If your business paid a person or company at least $600 for services, rents, or other payments during 2014, then you may be required to provide that recipient with a form 1099.  Information reported on 1099 forms is also required to be […]

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Should I Set Up an S-Corporation?

When you start a new business, you are confronted with a choice – what type of business entity to employ? The most common business entities among small businesses are sole proprietorships, limited liability companies, and S-corporations. Which one is right for you? This post will summarize the pros and cons of S-corporations. Look here to […]

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Should My Company Be an LLC?

When you start a new business, you are confronted with a choice – what type of business entity to employ?  The most common business entities among small businesses are sole proprietorships, limited liability companies, and S-corporations.  Which one is right for you?  This post will summarize the pros and cons of  limited liability companies.  Look […]

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Is a Sole Proprietorship Right For Me?

When you start a new business, you are confronted with a choice – what type of business entity to employ? The most common business entities among small businesses are sole proprietorships, limited liability companies, and S-corporations. Which one is right for you? This post will summarize the pros and cons of sole proprietorships. Here’s one […]

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To Deduct or Not To Deduct?

A common question we hear from entrepreneurs and small business owners goes as follows: What can I claim as business deductions? The reason for this question is simple – generally speaking, the more that can be claimed as business expenses, the lower the net income of the business, and the lower the resultant income (and […]

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Death and Taxes

Benjamin Franklin wrote in a letter in 1789: Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes. Even Mr. Franklin may not have predicted that in future years, not only would death and taxes be certain, […]

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