491 plain-English guides on small business & bookkeeping, each one ending in what to do next.
Page 21 of 21, newest first.
Business vehicles over 6,000 pounds GVWR (SUVs, trucks, vans) can be fully deducted in Year 1 using Section 179 (up to $31,300 SUV cap for 2025) plus.
Small Business & BookkeepingMost business owners benefit from a CPA when revenue exceeds $50,000 or when the business has employees, an S-Corp, rental property.
Small Business & BookkeepingMisclassifying workers as independent contractors when they should be employees is one of the most expensive compliance failures for small businesses.
Small Business & BookkeepingMisclassifying employees as independent contractors is one of the most costly mistakes a small business can make. Covers IRS classification tests, Form.
Small Business & BookkeepingWorker classification (employee vs. independent contractor) is one of the highest-stakes tax issues for small businesses because misclassification.
Small Business & BookkeepingSection 530 of the Revenue Act of 1978 provides a safe harbor against IRS reclassification of independent contractors if the business had a reasonable.
Small Business & BookkeepingMisclassifying employees as contractors can mean back employment taxes and penalties. How the IRS common-law test, IRC 3509 reduced rates, and Section 530 relief work.
Small Business & BookkeepingMisclassifying W-2 employees as 1099 independent contractors triggers penalties including back employment taxes (FICA, FUTA).
Small Business & BookkeepingWorkers' comp premiums are fully deductible business expenses. Benefits received by injured employees are tax-free. Workers' comp tax treatment: 1.
Small Business & BookkeepingWorkers' compensation premiums are fully deductible as a business expense. Workers' compensation rate formula: Premium = (Payroll / $100) x Rate per.
Small Business & BookkeepingBusiness bad debts are deductible as ordinary losses under IRC 166 when a previously included income amount becomes uncollectible.