From the July, 2015

Turning Back Time

There is nothing worse than working hard all year, having taxes withheld from your paycheck, and then finding out you still owe Uncle Sam come April. Taxes seem to be one of the most […]

How to Make Your Partnership Successful

When you are starting a new business, it can be extremely beneficial to have a partner or co-founder. Sharing the responsibilities, decision-making, and everything else that goes into a new venture can help ensure […]

More IRS Budget Cuts on the Horizon?

Congress reduced the IRS Budget Allocation approximately 7% from 2010 to 2014, then reduced the budget allocation another 3% from 2014 to 2015. Now it appears likely the IRS will be operating on even […]

Contractual Tips for Protecting Your Business

Creating strong contracts is one of the most effective ways you can protect your business. While every transaction is different, there are a few general guidelines that will help ensure your agreements are solid: […]

More Lost Email Drama From The IRS

Just when it seemed like the media attention given to the story of the lost IRS emails had died down, a new development has arisen. Lois Lerner, the IRS official who claims to have […]

New Business Owners Should Avoid These IP Mistakes

For many new businesses, the most important asset owned by the company is the intellectual property (IP). Below are some of the common mistakes made when it comes to a new business’s IP: If […]

Common Misunderstandings About Tax Benefits Of Selling Your Home

The phrase “it’s a seller’s market” in real estate means that if you are looking to sell your home, you should expect plenty of buyers looking for homes and could reasonably expect top dollar […]

Avoiding Criminal Liability as a Business Owner

If you are considering starting your own business, there are many important decisions that must be made. You must take care of a variety of different contractual matters as well as ensuring your entity […]

Debt Cancellation vs. Bankruptcy

Before making a decision as important as filing for bankruptcy there are a few factors that should be considered to determine whether debt settlement might be a feasible alternative: Number of Creditors: If you […]

How To Determine Your Income For Purposes Of Taxation

The IRS rules allow the Service to collect a certain portion of your income as a tax. This means every year you have to file an income tax return, and report what you made. […]