Small Business Owners May Qualify for a Home-Office Deduction
If you’re a small business owner, you may qualify for a home-office deduction. We explain the qualifications and two methods in this week’s Business Tip.
How Does Profitability Impact Value?
If you are a few years from selling your business, we explain how profitability can impact the value. Learn more in this week’s Business Tip.
Hobby or Business? It Makes a Difference for Taxes – Now More than Ever
What distinguishes a business from a hobby? We explain the IRS’ nine factors to consider when making that judgement in this week’s Business Tip.
What Are the Pros/Cons of a Side Hustle?
Depending on how much time and energy you put into a side hustle, you could earn a significant supplemental income. We explain the pros and cons in this Question of the Week.
Tax Impact of Combining a Vacation with a Foreign Business Trip for a Self-Employed Individual
Determining the tax deduction for a foreign business trip of a self-employed individual that is combined with a vacation can be complicated. We offer pointers in this week’s Business Tip.
How to Organize Spending Priorities for Your Newer Growth Startup
According to a recent study conducted by U.S. Bank, more than 80% of all newly formed businesses that ultimately fail do so due to cash flow problems. If you needed a reason to believe that getting your spending in order and dedicating the time to drafting a proper budget for your new startup is important,…
Selecting A Buyer—Internal or External
The “Money Talks,” hosts lead a discussion on the options business owners have when selling their business during retirement. They look at the pros and cons of selling internally vs. externally.
Choosing Your Business Entity
Tax Manager John Dickson with Henssler CPAs & Advisers covers how your business structure affects how much you pay in taxes, the paperwork you need to file, and your personal liability. This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a recommendation to buy.…
Secular Trusts and Annuities
A secular trust can provide assurance that your nonqualified deferred compensation plan benefits will not be at risk. We explain in this week’s Business Tip.
Top 10 Startup Business Questions Every Entrepreneur Should Answer
Starting a small business can be one of the most exciting and rewarding events in your life. But it can also be extremely stressful. We list 10 questions to ask yourself before you take the leap in this week’s Business Tip.