Tweet An S corporation is a pass-through entity that is treated very much like a partnership for federal income tax purposes. As a result, all income is passed through to your shareholders and taxed at their individual tax rates. However, unlike a C corporation, an S corporation’s income is taxable to the shareholders when it [...]
Tweet Just because your lease contract says seven years doesn’t mean you can’t negotiate sooner. In fact, it may be in your best interests to do so. If you have two years left on your lease, think about a “blend and extend” option. What this means is starting with a fresh lease at an earlier [...]
Tweet Thanks again to Charter Bank for their review of running your business… instead of letting it run you. (EAS) Now that you’re running a business, take a second to notice where you are in the life cycle. Are you experiencing growth? Going through a slowdown? Adjusting to your own growth cycle often means new [...]
Ask the Right Questions In Order To Manage Your Business!!!!
Tweet Thanks to Charter Bank for its take on “asking the right questions!” (EAS) Every business has changing needs. It’s never too late to start asking yourself important questions about your business. Take the following into consideration and use this information as a guide to make sure you’re planning ahead for a secure future. Three [...]
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Tweet The idea of starting a business during tough times may sound like the ultimate challenge for any entrepreneur or small business owner. Yet, time and time again, small businesses prove that with agility, planning, and the right resources, tough times aren’t just survivable — theycan spur growth. Master these 3 Tips for Growing Your [...]
Tweet Small businesses have become one of the most pervasive targets of cyber criminals. And all it takes is one security breach to shut down an entire network and compromise your business’ sensitive client data, financial records, user accounts and intellectual property. Read Symantec’s 7 Tips for Upgrading IT Security and learn how you can [...]
Tweet If you participate in an employer-sponsored retirement plan, you may have choices on the types of contributions you can make from your wages to the plan. Here’s a brief explanation of the different types of contributions: • Pre-tax elective deferrals – You don’t include these amounts in your gross income in the year that [...]
Tweet The House Judiciary Committee passed legislation July 10 to tackle the rising problem of identity theft involving fraudulently filed tax returns. The bill (H.R. 4362), approved on a voice vote, would make tax fraud a basis for the crime of aggravated identity theft. In addition, the measure would expand the definition of “victim of [...]
Tweet Over the past three years, there has been a 23 percent reduction in new business start-ups. So, would a 20 percent tax cut for small businesses turn this trendaround? House Majority Leader Eric Cantor (R., Va.) seems to hope so. His proposed legislation would give most small businesses (those with 500 employees or less) [...]
