No one likes to pay more in taxes than they have to. The desire to minimize taxes makes S-corporations a great choice for many small businesses. Like all pass-through entities, net income of an S-corp is passed through to the owners to be taxed on their personal tax returns. But unlike sole proprietorships and the […]

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 to set up and maintain.  In addition, offering a 401K plan is a serious commitment that requires the employer, as the plan sponsor, to follow […]

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 you’re driving your car for business and when it’s personal use. Using your car for business — whether it’s your own business or as an […]

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. Most of the time this uncertainty is just fine, as long as your business is producing enough income to meet all your needs. But what […]