Tag: Small Business

No one can predict with certainty where the U.S. economy will be at the end of 2024 or in 2025. The presidential election, interest rates, inflation, overseas conflicts and the recent stock market performance all Read More

The IRS recently announced the launch of a new multistage regulatory initiative intended to close what it calls a "major tax loophole exploited by large, complex partnerships." The IRS's actions are prompted by its belief Read More

One reason many people disdain the budgeting process is that they associate budgets with restraint — that is, not spending money for something because it's not in the budget. However, if you're calling the shots, Read More

Let's say your company wants to commemorate the long career of a retiring employee instrumental in its success. It hosts an evening celebration that culminates with the presentation of a plaque and an expensive gift. Read More

The Tax Cuts and Jobs Act (TCJA) included many important federal income tax provisions that affect small business taxpayers and their owners. Some of these provisions are scheduled to expire in the near future, unless Read More

Real estate can be an attractive long-term investment. But the legal entity you select to own property can have important tax implications. Here's why single-member limited liability companies (SMLLCs) are generally a better alternative than Read More

The traditional 401(k) plan is the most popular qualified retirement plan in the United States. As of March 31, 2024, Americans held $7.8 trillion dollars in 401(k) plans (out of a total $11.1 trillion invested Read More

Does your company use an external accountant to prepare its financial statements? There are several services CPAs offer that provide different levels of assurance. This term refers to how much confidence lenders and other stakeholders Read More

Ohio's 2024 sales tax holiday is an opportunity for small business owners to attract more customers and boost sales. This year, the annual sales tax holiday has been extended from July 30 to August 8 Read More

For many businesses, such as retailers, manufacturers and contractors, strict inventory control is central to operations. If you don't track inventory accurately, you can't effectively produce goods, meet customer demand and realize profits. Let's say Read More