The SBA issued a new safe harbor in the form of FAQ #46 that states such borrowers “will be deemed to have made the required certification…in good faith” for borrowers with loans under $2 million.
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Key soft skills you should be sure to hone, refine, and perfect in business are your listening skills. Whether it’s in your dealings with customers, employees, competitors, contractors, or anyone else, being skilled at listening actively and thoroughly can make all the difference in the world.
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Too many leaders are ignoring the importance of their contribution margin, or, worse, don’t even know what the contribution margin is or what it measures. Do you know what a contribution margin measures or why it’s important?
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As your business matures, it’s also important to continuously weigh your various revenue channels. Some may provide more profits, some may have less risk, and some may just not be worth your time. So, how do you weigh your revenue streams?
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When careless spending on travel expenses gets out of hand, the potential benefits of such travel can be undermined. To ensure you stay on top of your travel expenses, here is a quick 101 overview of the travel expense challenges to track carefully.
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3 Reasons S-Corps Need To Open A Solo 401(K) Tax season can be a complicated and confusing time, but it can also serve as a wake-up call for ways you should be planning for your financial future. Perhaps you read about a type of tax-advantaged account that would have reduced your tax liability for this
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If it’s late March, we’re here to help you with some last-minute tax planning tips to help get you through another tax season!
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The Earned Income Tax Credit (EITC) is often misunderstood and underutilized for how much it can potentially benefit families. Learn more about the Earned Income Tax Credit and how to avoid common myths about it here!
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On January 13, 2020, Governor Phil Murphy signed S. 3246 into law. The new law is referred to as the “Pass-Through Business Alternative Income Tax Act” or “BAIT” Act. This law was passed in response to the Federal tax reform enacted in December 2017 which placed a $10,000 limitation on the itemized deduction for state and local taxes paid (“SALT”). New...
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If you’re preparing to file your taxes as a small business, consider reading on for some tips and important reminders about paying taxes in NYC.
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The decision to start your small business was no doubt done with a lot of planning and thought. To ensure you are adequately prepared for any potential roadblocks which may be lurking ahead, keep reading.
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When it comes to your business expenses for tax deductions, you don’t want to ignore the IRS Publication 535. If you’re not yet familiar with IRS Publication 535, read on!
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