Annual LLC Checklist: 4 Simple Steps to Keep Your Business in Good Standing
Attention small business owners! You’ve probably been given the advice to form an LLC to help keep you protected. While this is solid information, in order to maintain this protection follow these 4 simple steps as part of your annual LLC checklist. This will help keep your business in good standing. Maintain complete formation of…
Tax Reform Benefit for Small Business Owners
First things first, this new provision, Section 199A, as part of the Tax Cuts and Jobs Act allows for a 20% deduction for qualified business income deduction. There are exceptions and it can get complicated, but, to keep it simple, a 20% deduction for running your small business is pretty nice. Let’s talk further details…
26 things you need to know about the incoming tax law
It’s official. There’s a new tax code starting in 2018. Actually this is the first significant reform of the U.S. tax code since 1986 and the days of Ronald Reagan as president. That’s crazy, right? This measure is sure to shake up life for millions of Americans. It will influence decisions about whether to buy…
Pass-through income: easily understand what it means
If you own a business, it’s a must to understand the tax side of the business. This includes understanding pass-through income. Maybe you’ve heard of the advantages of registering your business in a no income tax state. In fact, you may have found companies offering to set this up for you for a small fee.…