Category

Should You Elect Out of the New Partnership Audit Rules?

No one starts a business hoping that it will fail, yet a quick check of business statistics shows that half of all businesses will. Large businesses have teams of experts who comb through complex reports to make decisions that affect hundreds of employees and ensure...

Starting Your Own Home-Based Business

The five questions you should consider before taking the plunge It’s been your dream for as long as you can remember.  Maybe your entrepreneurial juices started to flow when you were a youngster and you opened a lemonade stand or you had a paper route.  Perhaps the...

Incorporate or Not: What’s Best for Your Business?

As a new business owner, you may be wondering if you should incorporate your business. The greatest advantage of incorporating is that your legal liability is limited.  Generally, responsibility for debts and other liabilities incurred by the corporation will be...

Six Tips To Hiring a Business Attorney

There is a Venn diagram on the back of my door. One circle has “what lawyers put in their biographies.” The other has “what clients look for in lawyer biographies.” In the intersecting area are only two things: email address and phone number. Below are some...

Opinion Piece – New Tax Law

In December, both houses of congress passed their version of tax reform, quite arguably the largest since the Tax Reform Act of 1986 passed during the Reagan Administration. On December 22, President Trump signed the version of the new law, known as the Tax Cuts and...

Don’t Ignore the Nanny Tax

Make sure you don’t overlook the nanny tax as you are reviewing your filing requirements for 2018.  You could be liable to pay state and federal payroll taxes if you have a housekeeper or other household employee. How do you know if you must pay the nanny tax? A...

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