Don’t miss this first in a series of articles on retirement plans for small business owners. Regardless of the kind of business entity you’ve chosen, (proprietorship, LLC, S corporation, or C corporation), you need to read this important new issue titled Tax Tips: The Best Small-Business Retirement Plans: Part 1. Three ways our fact-filled article can help you: We’ll … [Read more...]
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Get your independent contractor’s tax status right
Do you work with independent contractors? If you do, it’s vitally important to get their tax status right from day one. Why? Because if you get the contractor’s status wrong, and they are considered by the IRS to be “employees,” you could suffer major penalties. That’s why it’s so important to read my latest article titled Tax Tips: Tax Lawyer Is an Employee, Not an … [Read more...]
How to manage your S Corporation fringe benefit problem
It’s a fact. Your S Corporation may not give you the tax-free fringe benefits you want. In the good old days, the S Corporation avoided double taxation, reduced self-employment taxes, and also gave you a bunch of fringe benefits. Well, sadly, the good old days are long gone (since 1982). Which means that when the S Corporation is your 2011 business entity of choice, you have … [Read more...]
How to protect your Social Security benefits
You might think that collecting your Social Security benefits is a no-brainer. But you couldn’t be more mistaken. The truth is, you have to carefully plan your benefit collections or lose a huge chunk of money in taxes. Want to learn how to safe-guard your Social Security benefits from taxes and recapture? Read this important new article called Tax Tips to Save Your Social … [Read more...]
Tax-free lunches for employees
Here are two important facts you may not know: FACT #1: Under the right circumstances, you can provide tax-free lunches to your employees. A nice fringe benefit to be sure! FACT #2: As the business owner, you can also qualify for tax free lunches if you know how to play the game. You’ll learn how, when you read my new article titled Tax Tips: Tax-Free Lunches for … [Read more...]