If you haven’t tried IRS e-file before, now is the time. Most taxpayers – more than 80 percent – file electronically. The IRS has processed more than 1 billion individual …

Limited liability companies are so named because its owners have limited personal liability for the debts and actions of the LLC. LLCs enjoy the benefit of pass-through taxation, where only …

Most of our clients are small business owners, and can be classified as a “Closely Held Business.” Being a closely held business can have its upsides and its downsides. For …

Several of our clients have recently had problems being able to produce all the required receipts to substantiate their employee business deductions. Our research indicates that keeping up with paper …

We have recently had questions from several clients asking why their NSF fees were not classified as an interest expense. Our research led us to come up with the following …

Late on January 1, 2013, Congress passed HR 8 (Tax Relief Extension Act) which extended almost all of the Federal tax provisions that had expired at the end of 2011 …

What’s the difference between a good franchise and a hot franchise? What distinguishes a sound investment from a speculative one? Unfortunately, for most business owners and investors, such distinctions are …

Small business owners need no reminder of the challenges they face. Because most owners sport multiple roles— often serving as their own HR, legal, accounting, business development, recruiter, and their …

The economy is taking its toll everywhere you look. Not surprisingly, an increase in fraud is one of the byproducts of the slump. A recent survey by the Association of …

The holidays are just beginning but, one holiday is coming to an end.  The payroll tax holiday which gave some tax payers an additional few dollars in their paychecks will …