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//Tag: Taxes
9 08, 2019

Can Your Small Business Write Off Bad Debts?

By |2019-08-06T16:46:19-07:00August 9th, 2019|Categories: Business Planning, Financial, Taxes|Tags: , , , , , , , |0 Comments

Despite your best efforts to work only with customers or clients you believe will pay for the goods or services your business provides and to diligently collect delinquent amounts owed, you will almost inevitably have to deal with bad debts occasionally. Sometimes, the IRS allows you to take a [...]

2 05, 2019

What is the Difference Between an LLC and an LLP?

By |2019-05-02T20:51:45-07:00May 2nd, 2019|Categories: Business Formation, Business Planning, Limited Liability Company (LLC), Taxes|Tags: , , , , , , |0 Comments

If you are starting a new business, the business entity you set up will affect the extent of personal liability, how the business is taxed, its management, the level of formality required, and many other factors. There are a lot of options, which can make this decision overwhelming. Limited [...]

20 03, 2019

What to Do After a Loved One Dies

By |2019-05-18T16:57:25-07:00March 20th, 2019|Categories: Estate Planning, Probate, Trust, Will|Tags: , , , , , |0 Comments

If you've been appointed an executor of a loved one's estate, or a successor trustee, and that person dies, your grief – plus your to-do list, including tasks ranging from planning the funeral, coordinating relatives coming in from out-of-town and (eventually) meeting with a trust administration or probate lawyer [...]

12 03, 2019

Making an S Corporation Election as a Married Business Owner

By |2019-03-05T12:42:59-07:00March 12th, 2019|Categories: Business Planning, Financial, Taxes|Tags: , |0 Comments

If you’re a married business owner and you want your business to be taxed as an S corporation, there are several things you need to know. The difference between community property and co-ownership of an asset Let’s take the example of owning a car. If you and your spouse [...]

21 02, 2019

Record Keeping for Your Business: What’s Required?

By |2019-02-20T20:59:39-07:00February 21st, 2019|Categories: Business Planning, Taxes|Tags: , , , , , |0 Comments

Whether you are just starting up a new company or have a business that has been in operation for a while, good record keeping is an essential part of running your business. You are responsible for establishing an effective system to store and maintain your business records whether your [...]

31 01, 2019

I’m Starting a New Business – Should I Use an LLC (Taxed as a Partnership) or an S Corporation?

By |2019-01-29T17:40:58-07:00January 31st, 2019|Categories: Business Planning, Taxes|Tags: , |0 Comments

Entrepreneurship has been called the new American dream. Hanging a shingle starts with an idea that develops into a business plan, but not without careful financial and legal considerations. Among the decisions that new business owners grapple with is whether to form a limited liability company taxed as a [...]