1099 Rules for Business Owners in January 2021

1099 Rules for Business Owners in January 2021

The general rule is that business owners must issue a Form 1099-MISC to each person they have paid at least $600, but from there it gets tricky. Entrepreneurs need to know the rules for 1099s and here is what you need to know!!

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Putting Your Children on Payroll in 2020 before year-end

Putting Your Children on Payroll in 2020 before year-end

This has to be one of the most under utilized tax strategies by small business owners with families today. Many don’t realize that paying their children under age 18 is an excellent strategy to minimize their tax liability, not to mention it creates a host of other ancillary benefits.

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What If I Can’t Pay My Taxes by October 15th?

What If I Can’t Pay My Taxes by October 15th?

Even some of the most careful and successful people have faced unforeseen financial situations due to covid, and although there are NO MORE extensions this year, there are a few things you can AND need to do that will lessen the pain, and frankly minimize any collateral damage.

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How to Protect My Personal Residence from a Lawsuit

How to Protect My Personal Residence from a Lawsuit

For most of us, our home is one of our most valuable assets. It truly is our “castle”, but it can also be one of our most vulnerable assets. Here are 8 strategies that should considered in a well designed Asset Protection Plan.

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