Haven’t completed your 2015 taxes yet? You’re cutting it close. Don’t short-change yourself on business expenses, though. If you’ve been in business for several years, you have a pretty good idea of what expenses can be claimed on your income taxes. But even if you think you know or you’re filing a business return for […]
Commercial Lease Laws and Process
If you have made the decision to bring your dream of owning your own dental practice to life, you may now be looking for the ideal space to lease for your practice. You’ve leased apartments or rental homes before so this shouldn’t be much different right? Wrong. Commercial lease laws bear little resemblance to their residential […]
Minimize the Possibility of a Wrongful Termination Lawsuit
As a small business owner, a wrongful termination lawsuit can quickly drain capital reserves, even if you ultimately win the lawsuit. Litigation costs along could bankrupt a fledgling business. As is often the case, the best defense is a strong offense. While there is no sure fire way to prevent the possibility of a wrongful […]
Do You Need to File Form 1099s?
There are a number of situations where you’ll have to create and/or file Form 1099s. However, how do you know if you are affected? If you’ve been sending Form 1099s for years, you’re probably already working on them or have completed them. If you receive them regularly, they should be on their way to you […]
The IRS’s Treatment of Bitcoin Payments
If you’ve paid attention to the news the last few years, then you have probably heard of Bitcoins. In fact, you may even have considered accepting them as payment for services or product sales. Before you do, you’ll want to make sure you have an understanding of how the IRS treats Bitcoin payments. First, it’s […]
Section 179 – Why it Still Matters
Section 179 allows a business to deduct the total cost for qualified leased, financed or purchased equipment in the year it was purchased instead of depreciating the cost over the life of the equipment. Typically, however, Congress waits until after the first of the year to renew this section, which can hurt small business owners […]