Tax

As a small business owner, you no doubt feel the burden of your taxes are too high. Your tax liability takes away from the profit margin you heavily rely on to keep your company viable and competitive. So, when you hear about the alternative minimum tax, your mind probably goes blank in disbelief to learn…

If you own a new dental practice, you’ve likely incorporated your small business as a C-Corp by default. But is your dentistry business best served by a C Corp? The C-Corp is frequently an overlooked option for small business owners. Choosing to be a C-Corp business does offer some structural advantages not found with an…

If you are a small business owner, you may have  an ongoing challenge to stay on top of all your tax issues and responsibilities. Your schedule is constantly filled with duties related to running your business. But there could be serious consequences to your company – including financial repercussions – if you don’t file your…

As a small business owner, have you tallied all the miles that you drive on a weekly or even a daily basis to tend to the needs of your company? You would probably be surprised at how fast you could rack up hundreds of miles in a short period of time.  Think of all the…

As an owner and operator of a small business, you wear many hats, and you are always on a tight schedule.  You are mired in day-to-day responsibilities of inventory management, product development, customer relations, and the list goes on.  So, when it comes time to prepare your taxes, you can either take on this ambitious…

You may need the services of a tax attorney if you are launching a new business, are confronted with a complicated tax picture, or the Internal Revenue Service (IRS) is investigating you.  For any of these circumstances, and more, it would be a good idea to hire a tax lawyer for your small business. What…

Being a dentist takes up a huge amount of time and energy.  There are the demanding duties related to dental services, as well as office administration, patient relations, some marketing, and overseeing the dental practice as a whole.  Just the idea of adding another responsibility, let alone managing your finances, might seem overwhelming and even…

You are probably an independent contractor if you are self-employed or a freelance worker. The IRS considers someone who performs work for someone else, and controlling the way that the work is done, as an independent contractor. Tax planning for an independent contractor could look a little different. In short, as an independent contractor, someone…

The year 2021 saw quite a few significant tax updates expected to prove quite beneficial to taxpayers. Among the changes that were implemented were increases to tax brackets and the standard deduction, in addition to extensions and expansions to some 2020 tax provisions, such as the expanded child tax credit. If you have yet to…