Accounting
Can the IRS Really Revoke an S-Election?
Structuring your business as an S Corporation can have its advantages, but it comes with responsibilities. Becoming an S Corporation can be as simple as
Business Blog
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Payroll & HR
Small Business Growth: Recruitment Strategies
Recruitment is a practice that has taken place since World War II when there were gaps in the workplace due to men being called to
Accounting
Grouping: Tax Strategy for Owners of Multiple Businesses
When you own more than one business, you need to consider the grouping rules that apply for passive-loss purposes. Should one of your businesses lose
Accounting
Tax Pros and Cons: Partnership with Multiple Partners
What are the important federal income tax issues if you choose to operate your business as a partnership with multiple partners? Good question. Before we
Accounting
Owe Taxes for Misclassified Workers? Section 530 to the Rescue!
Are you living every small business owner’s worst nightmare: an IRS audit? Okay, that’s bad. But even worse, suppose the IRS asserts that many of
Accounting
Tax Treatment of Employer-Provided Meals: What’s New?
Many employers are struggling to hire and retain employees during the COVID-19 pandemic and the resulting “great resignation.” If you’re one of those employers (or
