Are you ready to expand to a second location?

Are you ready to expand to a second location? Most business owners want to grow their companies. And one surefire sign of growth is when ownership believes the company can expand its operations to a second location. If your business has reached this point, or is nearing it, both congratulations and caution are in order. […]

September 27, 2018


Back-to-school time means a tax break for teachers

Back-to-school time means a tax break for teachers When teachers are setting up their classrooms for the new school year, it’s common for them to pay for a portion of their classroom supplies out of pocket. A special tax break allows these educators to deduct some of their expenses. This educator expense deduction is especially […]

September 26, 2018


How to reduce the tax risk of using independent contractors

How to reduce the tax risk of using independent contractors Classifying a worker as an independent contractor frees a business from payroll tax liability and allows it to forgo providing overtime pay, unemployment compensation and other employee benefits. It also frees the business from responsibility for withholding income taxes and the worker’s share of payroll […]

September 24, 2018


Prepare for valuation issues in your buy-sell agreement

Prepare for valuation issues in your buy-sell agreement Every business with more than one owner needs a buy-sell agreement to handle both expected and unexpected ownership changes. When creating or updating yours, be sure you’re prepared for the valuation issues that will come into play. Issues, what issues? Emotions tend to run high when owners […]

September 20, 2018


Play your tax cards right with gambling wins and losses

Play your tax cards right with gambling wins and losses If you gamble, be sure you understand the tax consequences. Both wins and losses can affect your income tax bill. And changes under the Tax Cuts and Jobs Act (TCJA) could also have an impact. Wins and taxable income You must report 100% of your […]

September 19, 2018