So now that I have covered some of the records you need to keep in your home filing system, I would like to talk about what belongs in your safe deposit box. As I said earlier, you’ll need a safe deposit box for anything that is difficult or expensive to replace....
Do you know about the Saver’s credit? If you contribute to an IRA or Roth IRA, you may be able to get a tax credit up 50% of your contribution. Questions? Just call us.
Now let’s take some time to consider the tax treatment for each one of the corporate entity structures discussed in the last article. Some tax issues affecting the choice of the entity involve tax years; pass-through issues; and compensation and payroll taxes....
In our first article, we discussed different forms of partnerships. Now let’s focus on corporations. A corporation, unlike the other structures, results in the formation of a completely independent legal entity and is created under the authority granted by state law....
When I talk to my clients that are new business owners or clients who are considering starting a business, a major question I get is: How should I operate and structure my business? Well, simply put, how you set up your business and whether you plan on going it alone...
