Find out what business structure to use as a solo acupuncturist for your practice in California. We will explore the options and then go over some of the legal and tax implications. What Are the Options? In California, you can’t operate as an LLC if you’re an acupuncturist. You also can’t operate as a regular …
What Business Structure To Use as a Solo Acupuncturist in California Read More »
In this post we’ll answer the question: what’s the difference between an S-Corp and a C-Corp. We’ll also give you types as to which entity is better suited for your business. For more options for your business when it comes to entities to choose from, go here. The Main Difference Between an S-Corp and a C-Corp …
It’s daunting at times to consider how to go about starting with all the nitty-gritties of running a successful business. When it comes to determining which business entity to use, this can add to the already complex mix of decisions involved in starting your business. Here in Part 1, we’ll go over some of the …
Here’s a strategy that will allow you to hire your children in your own business and reap multiple benefits. This strategy might be for you if you want your business to become an asset to your children’s upbringing. Your child could have the benefit of learning real-world work and business skills and developing a strong …
How To Hire Your Children, Deduct Their Payroll, and Benefit On Taxes Read More »
If you’ve ever wondered about the incentives to starting a home-based business this short article is for you. We’ll go over the tax advantages and how you could potentially cut your tax bill. We’ll also briefly go over the non-tax benefits of a home-based business. How Starting a Home-Based Business Could Save You in Taxes …
How Starting a Home-Based Business Could Cut Your Tax-bill Read More »
Have you ever thought about how to scale your business, but didn’t know how to take the first step? Or maybe you’ve already made some strides in scaling, but you feel you’re missing pieces of the puzzle. Maybe you’re even feeling stuck and unsure how to reach the next level in your business’ growth. In …
You might be wondering how to give your accountant access to your bank. If you use Bank of America, you can setup different levels of access for your team. Everyone can have their login ID and password and you can easily delegate a lot of the tasks that you might otherwise have to deal with. …
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It’s 1099 season and the January 31st deadline this 2023 draws close! In a previous article we went over the 3 easy keys to navigate the 1099 season. In particular we talked about who to send the 1099-NEC (nonemployee compensation) and in which situation. Check it out here. In this post we’ll talk about form W-9, who must …
Overcoming Obstacles During 1099 Season -Dealing with Obstinate Vendors Read More »
If you are a small business and are unsure about who you are required to send 1099’s and 1099-NEC to this January 31st deadline, read on. Since 2020, form 1099-NEC (non-employee compensation) replaces prior years’ Box 7 of 1099-MISC. You could previously report non-employee compensation along with other miscellaneous income using that form, but no …
3 Easy Keys to Understand the 1099-NEC Requirements in 2023 Read More »