The Families First Coronavirus Response Act is a new law passed in late March that offers COVID-19 assistance for both employees and employers.
This new law provides businesses with fewer than 500 employees the funds to provide employees with paid leave, either for the employee’s own health needs or to care for family members.
Here are the details of the new law’s benefits:
The last couple of years, the IRS has been penalizing late filers of S corporation and partnership tax returns. This despite the fact that late filing of the tax returns (Forms 1120S and 1065), due March 15th, often does not impact the receipt of the taxes due on April 15th. Those that are getting this penalty are often couples and other small firms who have formed these business entities to provide legal protection for their shareholders.
Are you at the point you need to make difficult staffing decisions? Here are four items not to forget.
Small business owners have multiple entity options available to them, including C corporations and pass-through entities, such as S corporations, partnerships and LLCs.
Worried about big business rivals? Don't wait around — take a look at some ideas of how to compete and succeed.
Succession planning should be on the top of every business owner's to-do list. To help you plan, think about these three key items.
Despite the obvious benefits, there are a couple of drawbacks to solo 401(k) plans.
Business owners may face a lot of scrutiny if they borrow money from their company and then get audited. Find out how you can prepare.
Deducting business meals with clients is no longer so clear-cut following the passage of the Tax Cuts and Jobs Act.
Starting this year, employers can take advantage of a new credit for paid family and medical leave created by the Tax Cuts and Jobs Act.
There are a lot of ways a business appraisal can help business owners. Take a look at why you should consider getting one.
Suppose you take your best client out to dinner to celebrate your business relationship. If you own a business, are self-employed or run a side business, can you deduct any of the cost?
The answer is not so clear after the passage of the Tax Cuts and Jobs Act. Here are some tips to stay on the right side of the new rules:
Even though delegating work may seem like a no-brainer, it's often not the first idea that comes to mind when you're contemplating how to get things done at work. Learn more about how it truly is one of the best approaches.
If you're considering hiring a family member, the best way to avoid problems is to keep it professional.
Business owners and managers can let emotions dominate the decision-making process. Instead, move past sunk costs with grace and confidence knowing it's the smartest business decision to make.
