From the 'Business' Category:

Top IRS Audit Flags in 2016

Taxes themselves are a hassle. But even worse is the prospect of an audit after you’ve filed. So knowing what increases and decreases the probability of an audit is something we’ve made our business. […]

Here it comes – The Beginnings of Tax Reform!

Mark December 7, 2016 on your calendar as the beginning of Tax Reform! It’s likely a date that slipped by pretty much everyone but I’m saying it’s the beginning of a continuing series of […]

What is the De Minimus Safe Harbor Election for small businesses?

The Revenue Code generally requires that taxpayers depreciate the costs of durable goods and equipment over the life of the item. Because it is a durable good, the IRS would say that a $10 […]

What If My Business Has Changed and My Entity Type Needs To Change?

Changing your line of business does not necessarily call for a change in your entity. This report will cover some aspects of a business that might require you to revise and/or restructure your entity. […]

How To Pick a Name For Your Business

You probably know that forming a business entity is one of the easiest ways to protect yourself as an owner from business liabilities and you are probably aware that some tax benefits can flow […]

Contract Provisions that can Prevent Litigation

When you enter into a contract with another party, one of your main goals should be to include provisions that will help avoid litigation if a dispute arises. Below are a few ways that […]

Why DIY Business Documents are a Bad Idea

Many people take great pride in being able to tackle projects on their own. The Internet is full of websites providing instructional videos or answers to most any problem you encounter. This is true […]

Legal Risks Business Owners Should Avoid

When you start a new business, there is always some level of risk involved. However, it is wise to take every precaution possible to minimize the risks as much as possible. You can typically […]

Tips for Creating an Effective Employee Handbook

Many employers view the employee handbook as a huge hassle because it takes time and energy to create. In fact, many employers believe that their employees never read the handbook. However, the handbook is […]

Is your Letter of Intent Binding?

If your business commonly uses a letter of intent (LOI) to memorialize its agreement regarding the main terms of a transaction, you may wonder if the LOI is binding. Typically the LOI addresses the […]