If your business is an activity that many people enjoy as a hobby – for example, making jewelry, painting oil portraits or playing in a cover band — and isn't consistently profitable, there can be a fine line between "hobby" and "business."
Since where you incorporate can have real ramifications for your company, let’s look at some of the myths and realities of out-of-state incorporation.
The moment you dreaded is here: The IRS is going to audit your home-based business. Will the IRS disallow your home-office deduction? Before you panic, take the following steps. Read more
You've found the perfect candidate (or candidates) to help grow your company. Now you need to make sure your employee taxes are in order. Read more
Let’s take a look at 4 top situations when your personal and business finances should be handled differently.
Getting an early start to your taxes can help you minimize your tax burden, increase deductions, and avoid the end of the year scramble.