Small Business Tax and Accounting

/Small Business Tax and Accounting

What I Mean When I Say “Consult an Attorney”

By | May 22nd, 2017|Categories: Small Business Tax and Accounting|Tags: , |

I don’t recommend a small business hold an attorney on retainer. But I DO recommend that a small business have a relationship with an attorney that they can call on when the need arises.

Hiring Employees: Is it a Want or a Need?

By | May 12th, 2017|Categories: Small Business Tax and Accounting|Tags: , , |

Image courtesy of user "Geralt" on Pixabay.com One time I was helping a small business owner who was going through a rough time with her business. It was leaking cash, she was taking almost nothing out for herself, and she was burned out. Her business only took in about $50,000, but somehow she had [...]

When Should I Form an S-Corp?

By | May 4th, 2017|Categories: Small Business Tax and Accounting|Tags: , |

You should look at forming an S-corp when your net income from the business starts to approach the amount of a “reasonable salary” for the work you do.

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Bookkeeping Software is Deceptively Simple

By | April 26th, 2017|Categories: Small Business Tax and Accounting|Tags: , , |

Here’s the problem with Quickbooks, or any other software solution for bookkeeping: it’s deceptively simple.

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Why is the SE Tax Deduction Taken on the 1040 and Not on Schedule C?

By | April 18th, 2017|Categories: Small Business Tax and Accounting|Tags: , , |

Question from a web visitor: why is the deduction for 1/2 of self-employment tax taken on the front side of the 1040 and not on the proprietorship’s Schedule C?

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