IMPROVING YOUR BUSINESS

There's one thing that people don't always think of that cash - cash in the bank in particular - brings you. Freedom of action.

If you own a business and you haven’t started preparing for COVID-19, you need to start right now.

Right now is absolutely the best time to do your 2020 tax planning.

Financial information lets the business owner understand where your business is at and how to lead it to success.

The Tax Cuts and Jobs Act (also known as the Trump tax reform) implemented Internal Revenue Code Section 199A, which offers a deduction of up to 20% of the i...

Many business owners need more help than what they are getting. Strategic vision, financial planning, and managing processes are among the many big picture i...

Historically, the Internal Revenue Service has not made tax refund payments during government shutdowns. However, on January 7, the acting director of the Wh...

The IRS recently announced the standard mileage rates for 2019. For business travel using a passenger vehicle, the standard rate for will be 58 cents a mile ...

If you start or buy a business, it’s virtually certain that something significant is going to go wrong almost immediately. You’ll have a personnel issue, an ...

We are only offered so many opportunities in life to do the big things we want to do. This can be difficult to accept sometimes. Our society wants everyone t...

Few things are irreversible until you quit your job or sign a loan. It’s critical to take advantage of the time before these steps to learn as much as you ca...

Last time we talked about the reasons to have a plan before you start your new business venture. But what does planning actually look like? A good business p...

Is the date an IRS notice is mailed the relevant date? The IRS can’t seize property unless it gives a person notice in writing of a right to, and the opportu...

A court rules that a taxpayer wasn’t in the business of flipping houses, so he couldn’t deduct expenses. The U.S. Tax Court has determined that a taxpayer wh...

Plans are important.  Jumping in without a plan will most likely spell disaster for a new business. The processing of planning can help you find your strengt...

If you and your spouse are both employed, or you’re single and work more than one job, the IRS is urging you to check your withholding amounts. Due to change...

Part-time and seasonal workers are urged to check their tax withholding amount. Due to changes under the Tax Cuts and Jobs Act, the IRS is urging these emplo...

Want to check out a nonprofit group before donating? The IRS just introduced a new online tool designed to provide faster and easier access to information ab...

Ranching activities weren’t engaged in for profit in one situation. The taxpayer owned a profitable research and publishing business. Through a limited partn...

Running a business is hard. Don’t get me wrong - almost all jobs are hard. Running a business is a different kind of hard than being an employee, though. Whe...