I’m not interested in re-inventing the wheel. When the experts write, it is always important to share the wealth of information with you. This is really an important conversation to have. It reinforces the conversations I have with my clients who are considering becoming self-employed. What the IRS doesn’t tell you about self-employment taxes By…

Do you sell Avon, Nerium, Amway, etc? Are you running a business or have you set yourself up to be a hobby? This was an article written in 2018 I came across. I was asked to repost it. HomeBuilding Your Avon Business9 Ways to Make Sure Your Avon Business Is Not Just a Hobby Let’s…

Can taxes be discharged in bankruptcy is a question I get frequently. I have had to have this discussion with a few clients lately because they are in a terrible financial place. We talked about the possibility to discharge some of their tax debt and their other debts in bankruptcy. So I did some research….

What is innocent spouse tax relief, and how do you get it? If your spouse made mistakes or flat-out lied on a joint income tax return and you signed it, the IRS holds both of you jointly responsible for any unpaid taxes.1 Simply saying you didn’t understand or you didn’t ask when you signed the…

If you have family members working for you in your S corporation, stop and read this article now. Think of this: You own 100 percent of your S corporation. Your 30-year-old daughter works for your S corporation. She owns no stock. Your S corporation covers her with a group health policy. Did your S corporation…

When I meet with people who have small to medium sized businesses, I always talk to them about their family. I got my kid when she had just turned 10. She was a part of the package that came with my husband, the love of my life. I for one am so glad that I…

I help a lot of small business owners when they are starting up their business.  Unfortunately, some have received advice from people who don’t give them sound information as to compliance requirements from local licensing to seller permits up to the structure of their entity and why they need or should pick one entity over another. …

This article is written by Rachel Gillette, Partner & Chair, Cannabis Practice Group Owners of cannabis businesses that operate in pass-through form – LLCs, partnerships, sole proprietorships and S Corporations – need to consider if the new Section 199A deduction can partially offset deductions disallowed under Section 280E of the Internal Revenue Code.  The Tax…

As someone who personally was hit by ransomware I know just how violated and vulnerable you feel.  You can compare it to an assault on your person. My work computers are very secure, my work network is very secure, I never thought about my personal computer becoming a target. It is not and was not…