small business

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ROBS Transactions – Be Very Careful of Using Retirement Funds to Start a Business

By | July 9th, 2014|Categories: Small Businesses Taxes|Tags: , , , |

True scenario that happened a couple of years ago: A client asked the following: I have $20,000 in a retirement account with a former employer. My husband wants to start a new business. We were thinking that he could hire me as an employee, and then form a retirement plan under the business. I would transfer [...]

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Issuing 1099s to an Incorporated Veterinarian

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

Does a business need to issue a 1099 to an incorporated veterinarian for veterinarian services? The IRS says yes.

Six Things I’m Talking to My Small Business Clients About at Year-End (Part 2)

By | December 23rd, 2013|Categories: Small Businesses Taxes|Tags: , |

Among the things I'm talking to small biz clients about at year-end: the Affordable Care Act and timing of major purchases.

A “Standard Deduction” for Sole Proprietors?

By | February 27th, 2013|Categories: Potpourri of Tax Topics|Tags: |

Should sole proprietors get a "standard deduction" for business expenses rather than tracking actual expenses? I think this is a bad idea.

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