Employee Retention: Mastering the Art of Engagement
Are you a business owner or manager looking for a simple yet effective way to improve employee retention and enhance overall job satisfaction? Look no further! In this game-changing video, we reveal a powerful trick that will help you keep your employees engaged, motivated, and loyal. Join us as we uncover the secret to nurturing […]
How to Save Money on Taxes with the S-Corp Tax Designation | Small Business Taxes | Tax Tips
In this video, we’re going to show you how to save money on taxes with the S-Corp tax designation! This is a great way to structure your business so that you pay lower taxes and have more flexibility in how you use your profits. This is a crucial video for any small business owner, so […]
How Tax Works For A Limited Liability Company (LLC
Taxes are confusing. When you are a member of a Limited Liability Company it can even be more so; however, it doesn’t have to be. In today’s video, we discuss how taxes work for an LLC. As a small business owner, you are going to want to tune in to find out how taxes work. […]
Does Your Home-based Business Qualify for the Home Office Deduction?
According to the Small Business Administration, about 50% of all businesses are home-based. If you are one of the many owners of a home-based small business, consider whether your home office meets the IRS requirements for the home office deduction, which is a sometimes overlooked way to reduce taxes. How Do I Qualify for the […]
5 Steps to Take When Winding Down (Closing) Your Business
There are many reasons business owners close shop (winding down), including retirement, starting a new venture or, hopefully, because they’ve won the lottery. No matter what the reason, it’s important to diligently wind down a business before moving on. Here are five steps to take: 1. Reach Consensus If you’re a sole proprietor, then the […]
Important Upcoming Compliance Deadlines for Your Business
Busy small business owners have many tasks on their plates: A significant one is staying on top of important tax and filing deadlines. These important dates may vary depending upon the business’ structure. Here are some of the most critical deadlines business owners may need to meet over the next few months. Federal tax deadlines […]
Can Your Small Business Write Off Bad Debts?
Despite your best efforts to work only with customers or clients you believe will pay for the goods or services your business provides and to diligently collect delinquent amounts owed, you will almost inevitably have to deal with bad debts occasionally. Sometimes, the IRS allows you to take a bad debt deduction. What Is Considered […]
What Is The Difference Between an LLC and an LLP?
If you are starting a new business, the business entity you set up will affect the extent of personal liability, how the business is taxed, its management, the level of formality required, and many other factors. There are a lot of options, which can make this decision overwhelming. Limited liability companies (LLCs) and limited liability […]
The Employee Handbook: The Holy Grail of Your Business
Employee handbooks address the who, what, where, why, and how of your business operations. Your employee handbook will protect you and your business by setting expectations and providing consistency for your employees when situations arise. What Information Should an EmployeeHandbook Include? https://www.youtube.com/watch?v=YAmb1l1pEL4 Ideally, employee handbooks address anything significant related to your company, employees, operating policies, […]
Making an S Corporation Election as a Married Business Owner
If you’re a married business owner and you want your business to be taxed as an S corporation, there are several things you need to know. The difference between community property and co-ownership of an asset Let’s take the example of owning a car. If you and your spouse are both on the title to […]