With the enactment of the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, Congress appropriated $350 billion for Small Business Administration (SBA) Paycheck Protection…
Tax Reduction Strategies for Small Business Owners
Paying and complying with tax obligations can be a major burden for small businesses. If you’re looking for ways to minimize your small business taxes,…
How is Partnership Income Taxed?
Partnerships don’t pay taxes—their income passes through to the partners who pay their share of the taxes. If you are involved in a partnership, you…
How to Avoid Small Business Tax Problems
Tax problems are a common issue for small business owners. While you’re spending so much effort trying to grow your business and increase profits, it’s…
How to Handle Delinquent Payroll Taxes
The IRS takes payroll tax compliance seriously. If you have delinquent payroll taxes, you could face severe tax penalties, tax liens, and levies of your…