Coronavirus/CARES ACT assistance programs for Self-employed and Independent Contractors (Sole Proprietors)
Under the CARES ACT signed into law by President Trump March 27, 2020, there are several financial assistances programs for small business and sole proprietors in the form of tax credits, loans and grants. Listed below are two of the loans that convert into grants if used for [...]
Small Businesses need to be proactive and act soon
BREAKING NEWS There are two separate loan programs created by the CARES ACT signed by President Trump on March 26, 2020 specific for small businesses. Emergency Injury & Disaster Loan (EIDL) and the Paycheck Protection Program (PPP) EIDL - go to the www.sba.gov website and apply for this [...]
Get Ready to Sell your Business
Selling your Business Requires Planning If you want to sell your business, you need to understand what is needed to get it ready for sale. The goal of a sale is to receive the most value (money) from the perspective buyer and therefore, the seller needs to make [...]
Misclassification of an employee can cost small business a lot of money
Beware of Misclassification of an Employee Treating employees as non-employees You will be liable for social security and Medicare taxes and withheld income tax if you do not deduct and withhold them because you treat an employee as a nonemployee, including yourself if you are a corporate officer, and [...]
How Good is Your Company?
If you have been following my articles over the past few years, I hope you realize that I truly believe that one of the most important assets of a company are the human resources, which does not pop up on the balance sheet. But equally important are two [...]
How to Become an S Corporation
Sub-Chapter S Corporation First the organization must register with the Department of Revenue of the Secretary of the State or other agency identified within their state to file their Articles of Incorporation. Once they file these documents and receive verification back from the state, the business then files [...]
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