Traveling for Charity?
Are you going on a mission trip? Do you deliver meals on wheels? Here are some tips when you want to deduct charity related travel costs. Qualified Charities. For a…
Choosing Your Small Business Legal Structure
One important consideration when starting your business is determining the best legal organizational structure. Why? Because it will affect operating efficiency, transferability, control, the way you report income, the taxes…
Operating and Controlling Your Business
Now that you have your business type established, how should you operate it? Various entities have different requirements. Below is a brief explanation. SOLE PROPRIETORSHIP Controlled by one person All…
The Legal End of Your Business
I have been asked several times “When does my business end?” It depends on the structure.. SOLE PROPRIETORSHIP Continues until abandoned or upon death of the owner Assets and liabilities…
How to Get an IRS Transcript
Have you ever needed a transcript of your federal income tax return for a mortgage application or other reason? If so, here is how you can get a copy of…
Finding Money to Start Your Business (Part 1 of 3)
Part 1 Forecast of revenue, expenses and operating capital requirements It’s no secret that you will need capital — money — to launch your new business. In fact, many entrepreneurs…
Finding Money to Start Your Business (Part 2 of 3)
Part 2 Evaluate types of working capital financing The types and terms of working capital loans vary significantly depending on their intended purpose and corresponding risk. The following are some…
2018 Medicare Cards
2018 Medicare Cards 2018 Medicare cards will no longer have social security numbers on them. The CMS anticipates issuing the new cards starting in April 2018. The transition period is…
Finding Money to Start Your Business (Part 3 of 3)
Part 3 Assemble your financing package In an ideal world, you would have one funding source. But reality for most businesses is that multiple funding sources are necessary. Consider the…