You may have done nothing wrong. But the prospect of an IRS audit makes everyone sweat. Many things probably go through your mind as you’re preparing a tax return or looking at one that’s been completed for you. Did I declare all of my income? Are all of the deductions I claimed legitimate? Do I […]
Credit Unions vs Commercial Banks
The great debate as to whether credit unions or commercial banks are more advantageous to consumers rages on. Both offer distinct strengths and weaknesses to consider, depending on what your banking needs may be. Credit Unions The biggest benefit for considering credit unions is that credit unions are not-for-profit organizations. Account holders are members with […]
5 Reasons Your Business Needs An Exit Strategy
If you are like most entrepreneurs, the last thing you are thinking about is how to exit your business. You are more concerned about growth, expansion and sometimes just making ends meet. Well, the truth is, all successful business people have a clear exit strategy as part of their overall business plan. Just what is […]
Workman’s Comp Coverage – What it Means for Your Business
While rules and regulations for workman’s comp insurance change from state-to-state, there some general guidelines you need to know and follow no matter where your business might be located. First, as an employer, you are required to protect employees that are killed on the job, are injured, or become ill. Most employers obtain either state […]
How High Deductible Health Plans Save You Money
As a business owner, you’re always looking to save employee associated costs. One of the largest of those costs is health care. That’s why employers across the country are moving towards high deductible health plans. These plans still allow the company to provide insurance while saving money at the same time. For sometime now companies […]
Tax Advantages of Donating Stock
Making donations to non-profit organizations is a great way to do good works in the community your small business serves. It can also be a huge tax advantage to small businesses – especially if you take advantage of one not so widely known option to double up on your tax benefits. Donating appreciated stocks allows […]