Small Businesses Taxes

/Small Businesses Taxes

Putting Profit First While Planning for Expenses

By | September 15th, 2014|Categories: Small Businesses Taxes|Tags: , |

In July, Michael Michalowicz, who writes books about entrepreneurship (which I have heard are very good; "The Pumpkin Plan" is on my to-read list) wrote a blog post titled "Take Your Profit First, Always." The gist of the post is, instead of looking at profitability as "Income minus Expenses = Profit" you should flip the formula. [...]

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When Does the “1099s to Veterinarians” Rule Start?

By | September 11th, 2014|Categories: Small Businesses Taxes|Tags: |

The IRS says 1099s need issued to veterinarians. When does this rule start?

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S-Corporation Compensation Revisted

By | August 20th, 2014|Categories: Small Businesses Taxes|Tags: , |

Further discussion of S-corporation compensation considerations.

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Proper Documentation of Business Expenses

By | August 14th, 2014|Categories: Potpourri of Tax Topics, Small Businesses Taxes|Tags: , |

How to document business expenses

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Don’t Be “That” Business Owner

By | July 29th, 2014|Categories: Editorial Commentary, Small Businesses Taxes|Tags: , , |

Don't be "that" business owner.  That's what I tell business owners who complain about having to follow the laws, regulations, rules, etc. Case in point: one time I was talking to a business owner who was venting about his insurance company and the fact that he had to carry workers' comp insurance. And he was unhappy [...]

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