Category: Legal

May 4, 2023

A Texas woman, Adela Cruz, has been sentenced to 27 months in prison for assisting clients in preparing and filing fraudulent tax returns with the Internal Revenue Service (IRS). From 2014 to 2017, Cruz ran a tax preparation business in […]

May 3, 2023

In celebration of National Small Business Week, taking place from April 30 to May 6, the Internal Revenue Service (IRS) is spotlighting tax benefits and offering an array of resources to assist those contemplating starting a business. This annual event, […]

April 25, 2023

In some countries, tipping is frowned upon or even illegal. In the U.S. and some other countries, tipping is common, and the nature of your business may mean that you only pay part of what your employees earn; the balance […]

April 24, 2023

The last thing you want to do is start your business name registration process, and find out that your business name is already taken. Checking business name availability needs to be hand in hand with your planning about how to […]

April 21, 2023

Opening a business in another country is a tempting idea. If done well, you can expand the scope of your company, develop new markets and find investors. It’s also a good way to save invested funds and gain additional profit. […]

April 20, 2023

Business names are key to helping brands grow. Taking time to register your small business is an important step. When you register a business name, you can enjoy the following benefits: Help you realize tax benefits Help you establish credibility […]

April 14, 2023

The U.S. Small Business Administration (SBA) has implemented new rules to improve capital access for underrepresented business owners, including rural, veteran, women, and minority-owned enterprises. These updates offer permanence to the SBA program for nonprofit mission lenders, remove outdated restrictions […]

April 7, 2023

If you are new to the business world, you may not be fully aware of what S corps and C corps are. You are not alone. Many are unfamiliar with these two basic types of corporations in America. So why […]

March 30, 2023

Certain business entities must file annual reports (statements of information) with state governments, typically through the State Department. Public companies must give shareholders a yearly report detailing their operational and financial condition. Additionally, public and certain private organizations may need […]

March 7, 2023

The Internal Revenue Service (IRS) has issued a consumer alert warning taxpayers about new scams that involve claiming false tax credits by using wage information on tax returns. The scam artists suggest that people use tax software to manually fill […]

February 13, 2023

Are you curious about what the qualified business income deduction (QBI) is and whether or not you can take advantage of it? If so, this article will provide an in-depth overview of the QBI deduction and answer the fundamental question: […]

February 6, 2023

You may be eligible for valuable credits that can help reduce your overall liability and make running your business more affordable. This guide provides an overview of some of the most common business tax credits and what they could mean […]

January 31, 2023

Every year, the Internal Revenue Service (IRS) requires all employees to complete the W4 Form, a document that helps employers determine the correct amount of federal and state taxes to withhold from each paycheck. This form is important since it […]

January 12, 2023

Venmo tax reporting is the new hot topic this year. The Internal Revenue Service has issued some new rules for reporting business income through payment services such as Venmo, PayPal, CashApp, and other third-party payment processors and it has left […]

January 10, 2023

Marketing compliance is a term used to describe the actions and practices of a company in order to ensure that it is compliant with marketing regulations. These regulations can vary depending on the industry, geography and other factors. Generally speaking, […]

December 5, 2022

Starting a limited liability company (LLC) is not an overnight decision. However, an LLC is easier to start and maintain than other business structures. You still have to determine whether your business would benefit from it. The LLC is one […]

November 9, 2022

The Internal Revenue Service (IRS) has reminded taxpayers accepting payments through payment cards and third-party network transactions that they may receive 1099-K forms for sales over $600 in early 2023. New 1099-K Reporting Rule The IRS noted that there are […]

October 6, 2022

The Senate has passed six bills which aim to improve the U.S. Small Business Administration (SBA) and investment in small businesses, including one aimed at improving access to broadband internet. Senate Passes Small Business Cyber Training Act The Small Business […]

September 19, 2022

Are you interested in owning your own Chick-fil-A franchise? If so, you’re likely wondering about the ownership process and what’s involved. In this blog post, we’ll answer some of the most commonly asked questions about Chick-fil-A franchising. We’ll also provide […]

September 19, 2022

The U.S. Small Business Administration (SBA) has joined forces with Operation HOPE to promote the recently signed Strategic Alliance Memorandum (SAM). SBA Partners with Operation HOPE to Promote Entrepreneurship in Underserved Communities SAM aims to encourage the development of entrepreneurial […]