Did you know? If you own a growing, unincorporated small business, you may be concerned about high self-employment (SE) tax bills. The SE tax is how Social Security and Medicare taxes are collected from self-employed individuals like you. https://t.co/4mZ2IVtPmo
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Current deductions are not allowed for most expenses incurred while a business is in the start-up phase. For tax purposes, the business must be functioning when the expenses are incurred. Many entrepreneurs are unaware of this rule. This article explains https://t.co/SAnB0z8P2S
Eyes on the income statement - When reviewing their income statements, business owners tend to focus on profits (or losses). Instead, you should analyze this financial report from top to bottom for deeper insights. https://t.co/c44D9YiIf8
Handle with Care: The Nanny Tax Rules - If you hire household workers, you must follow complex tax laws. Disregarding the tax rules can result in an expensive liability β even years from now. Here's what you need to know. https://t.co/yPb8k04UVO
Tax loopholes happen, whether intentionally or by oversight. When a loophole opens, businesses take notice. Currently the IRS is working on regulations designed to close a loophole related to asset basis used by some partnerships. Here are the details. https://t.co/tl6iaeECGt
Protect Your Child from Identity Theft - In today's digital age anyone can become the victim of identity theft, but minors may be especially vulnerable. Victims may incur monetary losses & their credit histories can be severely damaged. Some key findings https://t.co/FbOZ3csuS5