How to Choose the Right Entity Type for Your Business
Choosing an entity type is a crucial early decision for your new business. The best choice depends on the nature of your business, whether you now have or plan to…
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Should You Offer a 401k Plan?
Offering a 401K plan can be a great benefit for both the owner of a business and its employees. But a 401K requires time, money and some human resource acumen…
How to Exclude Up To $500,000 of Gain on the Sale of Your Home
What would you do with an additional $250,000 or $500,000 of tax-free income? Selling your home at a gain is one of the few ways the IRS allows you to…
Don’t Lose Your Mileage Deduction – Track Your Business Miles the Easy Way
The IRS loves to disallow deductions for vehicle expenses, and without the right documentation, you’ll risk losing out on this valuable deduction. Vehicle expenses include the driving you do for…
Business vs. Personal Use of Your Car: How to Tell the Difference
In today’s always-on world, it’s often hard to tell where your work ends and your personal life begins. With that blurring of lines, it can be difficult to determine when…
Business Valuation or Calculation Engagement: What’s the Difference and Which Do You Need?
For small business owners, your business is likely your most valuable asset. But unlike an investment portfolio, you can’t determine its value by just looking up a few numbers online.…