Shareholders Running Afoul of the IRS

Shareholders Running Afoul of the IRS

Many small businesses are taxed as S corporations because of tax benefits, such as the ability to avoid corporate tax on certain business earnings. Unlike C corporations, S corporations generally do not pay federal income taxes at the corporate level. Alternatively,...
Mastering the Art of Working *On* Your Business, Not *In* It

Mastering the Art of Working *On* Your Business, Not *In* It

Running a business requires a delicate balance between day-to-day operations and long-term growth planning. The difference between working *in* your business and *on* your business is crucial to understand for your business to reach sustainable success. Working *in*...
An Update on Employee Retention Credit Claims

An Update on Employee Retention Credit Claims

Did you claim the ERC (Employee Retention Credit) and are you still waiting for it to be processed? The IRS suspended processing of ERC claims submitted after September 14, 2023, amid allegations of widespread fraud. There is good news for the businesses that were...
Credit Card Surcharges

Credit Card Surcharges

The first time I became aware of a seller trying to defray the cost of credit card fees was some years ago when I was purchasing gas and saw that at this particular station the price was less when the payment was in cash.  For many years in my universe that price...