Finance Blog
Many times when I’m helping new small business owners, they ask me questions about what kind of business entity they should form. Many have heard about a Limited Liability Company (LLC) and want to know more about personal asset protection and the potential to save…
Written by Bill Nemeth and Merry Brodie on April 16, 2013
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As a small business owner, hiring your children to work for your business may save you money when filing taxes. It might sound too good to be true, but if you handle the situation properly and file the right paperwork, you may be able to write…
Written by Eva Rosenberg on March 29, 2013
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The other day, Bill Porter of Pride Tax Preparation told me that he was able to electronically file a tax return with attachments. Hip hip hooray! Tax pros have been waiting for this development for a long time. What does this mean for you? It…
Written by Eva Rosenberg on March 29, 2013
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Right around this time of year, the tax dance heats up and the pace gets frantic. It’s the time when tax professionals have to try to keep up with the frenetic twists and turns of emerging tax laws, deadlines, IRS announcements, and warnings. But don’t…
You think you made a mistake? Let me tell you about the time I made a $90,000 error. It was very embarrassing. This $90,000 was the very first entry I had made into the tax software for the client. When the return was finalized after…
Written by Bill Nemeth and Merry Brodie on March 7, 2013
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There is a lot of bookkeeping that has to happen when you first start a business. This is important not only so you can run your business successfully but also so that when tax season rolls around—or worse, you get audited—you have pristine paperwork to…
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