How to Hire a Sub-Contractor or Freelancer
Hiring a sub-contractor or freelancer can be the perfect strategy for many small business owners to save money and build their business.
The Truth about Umbrella Insurance
So is umbrella insurance inherently bad, a scam or worthless. No. But, is it for everyone? Another absolutely not! But heaven forbid insurance companies let anyone else say otherwise.
What is a Registered Agent
Since an LLC or Corporation is not an individual, it cannot have process served on it unless someone is appointed to serve as an ‘agent’ for the company. All 50 states require that such a person be appointed- This person is the Registered Agent.
RV Ownership Tax Strategies
Tax laws have changed even for RV owners. However, you can still potentially save state income taxes by changing your domicile, writing off the RV as a business expense, or even save money by cutting the cost of traditional home ownership.
Household Employees and the “Nanny Tax”
The IRS is stepping up its audits on those with workers in their private homes. Make sure you are up to speed on the rules that apply to you AND your help.
“Year End Tax Tips – MUST complete by December 31st
This is a unique trick we implement for several clients each year. If you previously paid a lot in Self-Employment Tax and for some reason had an LLC (sometimes a major mistake by other planners), you can easily still elect it to be taxed as an S-Corporation retroactively to January 1st, 2013
Silent Partner – 3 SEC Compliant Ways to Bring One on
There comes a time in the lifespan of just about every business when the potential for substantial growth comes to fruition, and additional capital is necessary to make that growth happen. It’s at these moments you’ll probably start looking for people to invest in your business.
How to Write-off Your Clothing and Laundry Expenses and Not Lose Your Shirt
I often times get asked the question regarding the ability to write-off clothing and and laundry expenses.
Piercing the Corporate Veil and Protecting Yourself
Many small business owners who operate under a corporation or LLC have heard of the term “piercing the corporate veil,” but very few have a complete understanding of its meaning and implications. We set up entities for ‘protection’, but that protection is not automatic. We have to protect the corporate veil and maintain the company […]
