I’ve had clients who make 14 million dollars a year ask me this question and clients who made 14 thousand dollars ask me this question. Let me give you a phrase to remember. The phrase is simply “Ordinary and Necessary.” This is a phrase the IRS often uses during an Read more…
Before you even begin to launch your business plans, you need to determine the right entity formation. There are several options to choose from. Many smaller businesses might opt for a sole proprietorship, partnership, or LLC. Your choice will depend on the ownership, business model, and your possible liabilities. These Read more…
Even the smallest of businesses often have the letters “LLC” after them. Family owned diners, hair salons, even freelance workers often incorporate themselves when they are operating with a lot of volume. If you are one of the many considering an LLC, there are some pros and cons to consider Read more…
Almost everyone has some form of tax anxiety, whether it is for your personal or business taxes. This anxiety can stem from the fear of audits, the unknown of what may happen, or the amount paid in or owed in taxes. These are all very real and justifiable emotions as Read more…