Retirement Plan Options for Small Businesses
One of the benefits of owning your own business is the ability to select the type of retirement plan that is right for you and your employees. Below is a…
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The Risks for Not Paying Your Payroll Taxes On Time
It’s common knowledge that the IRS is understaffed and lacks the resources to effectively assess and collect all taxes owed. But when it comes to payroll taxes, don’t underestimate the…
What Receipts Do You Need to Keep for Your Tax Return?
In the event of an IRS audit, you need to provide documentation for your deductible expenses. Some people keep the receipts, while others keep credit card statements. So what exactly…
What’s the Difference Between Business Valuation Designations?
How do you know if a business valuation professional knows what they’re doing? While professional certifications aren’t required to perform business valuations, choosing an analyst with at least one business…
What Business Owners Need to Know About 1099-MISC
An important aspect of tax compliance for business owners is the requirement to file a 1099-MISC for certain payments made during the normal course of business. If you are a…
Is a Calculation Engagement a “Real” Valuation?
Many business owners complain that business valuations are too expensive. Fortunately, in many situations, a less expensive calculation engagement is perfectly adequate. However, there’s a great deal of confusion and…