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Tax And Accounting Topics For Business

Why You Need A Buy-Sell Agreement

Posted on November 21, 2017

If you co-own a business with other family members, it's generally a good idea to have a well-drafted buy-sell agreement to protect…

Hire Your Kids, Save Taxes

Posted on November 16, 2017

Here's a great tax-saving idea for those who have teenagers who can work part-time in the family business. Hire the kids as…

Tax-Wise Ways To Get Cash Out Of Your C Corp

Posted on November 09, 2017

If your family business operates as a C corporation, watch out for double taxation whenever you withdraw cash from the company. If…

Define A Chain Of Command

Posted on November 08, 2017

Part of the responsibility of a good manager is to smooth over conflicts among employees -- yet that task can be complicated when…

Give Business Stock To Your Children And Save Taxes

Posted on November 02, 2017

As you know, the federal income tax rates on qualified dividends and long-term capital gains are much lower than the tax rates on…

Succession Planning: Splitting Up The Pie

Posted on October 24, 2017

Often, the senior generation of a family business goes through the process of choosing one of its offspring as the successor to…

The Present And Future Of The Self-Employment Tax

Posted on October 24, 2017

If you're self-employed as a sole proprietor, partner or LLC member, you may owe the self-employment tax. The tax is the…

Remember Business Basics When Paying Relatives

Posted on October 17, 2017

Paying family members wages, salaries and bonuses and dividing profits among them can be tricky. Fringe benefits, including…

SEPs: A Quick and Easy Retirement Plan Option

Posted on October 16, 2017

Setting up and maintaining a simplified employee pension (SEP) is probably easier than you think. The sooner you get started…

Court Decisions Make It Easier To Deduct LLC Losses

Posted on October 11, 2017

What happens if you're the owner of a limited liability company (LLC) that generates tax losses, and you don't spend a lot of time…

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