A qualified tax advisor can ask the right questions about your your short- and long-term goals and help you choose an entity that will maximize your profits and minimize your taxes right from the
Continue reading What type of business entity should you choose?
In your search for the right tax advisor, it’s important to carefully explore your options, according to Gene Fairbrother, a nationally recognized small business expert and consultant. Fairbrother says that choosing the right tax advisor will set you on a clear course to profitability and save you headaches down the line.
“Not all tax advisors are
Continue reading Choosing a tax advisor for your small business
Take a deep breath and relax. Everyone is nervous about an IRS exam. Tell yourself that you will get through it. Determine early on whether you want to involve an expert (CPA, EA, Tax Attorney). Reasons to hire an expert to represent you:
If there is any mention of criminal charges, you should immediately hire a
Continue reading Tax audit tips for small businesses facing an audit
Accurate bookkeeping is essential for small businesses, from the sole proprietor to partnerships, S corporations or C
Continue reading Bookkeeping requirements for business entities
By Marty Culhane, J.D., CPA*
Many buyers and sellers of businesses put tax issues on the “back burner” and don’t consider tax consequences until after a deal is struck, including a deal on purchase price. Ignoring tax considerations at the outset of a transaction is a big mistake and can put you in an adverse negotiating position,
Continue reading Top 10 Tax Considerations When Selling Your Business