The reach of social media goes beyond sharing family photos. Shoppers are reading product reviews online before deciding what to purchase. And disgruntled customers are sharing their displeasure with anyone who will read their rants. A New Risk The benefit of social media to small businesses is considerable. It has leveled the playing field in […]
What’s Taxable to an S Corporation Shareholder?
S corporation shareholders have an added reason to worry about their company’s annual performance: It has a direct impact on their own income taxes. How It Works Unlike a regular C corporation, an S corporation usually doesn’t pay federal income taxes itself. Instead, each shareholder is allocated a portion of the corporate income, loss, deductions, […]
Be Proactive when it Comes to Business Issues
Your manager breaks her leg playing softball and will be out for a month. Or your receptionist’s husband lands his dream job, but it’s out of state so they’ll be moving. When you own a small business, learning to expect the unexpected comes with the territory. Yet, you don’t have to stand idly by and […]
Just What Is an Information Return?
Certain kinds of business payments trigger the need for what are called “information returns.” Just what are they and what are your responsibilities? Check out the list of the kinds of transactions you have to report. If you engaged in certain financial transactions during the calendar year as a small business or self-employed (individual), you […]