I recently wrote a post on the benefits that IC-DISC provide to companies who export. In this supplement, I will explain the actual steps involved and the additional incentive that may allow you to defer 100% of the tax. These are the details you will need to know if you plan on taking advantage of…
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If you own rental property, you’ve probably had to deal with on-site issues from time to time. These problems include property repairs along with a slew of other inevitable challenges. In spite of all these surprises, the least expected and most unwelcome of problems often happens during the tax season. The surprise we are talking about is one…
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It’s Monday—Back to Business! Growing a business can be stressful, but you don’t have to stay in a constant state of growing pains. There are a few ways to take your company to the “next level” but most of them require using more of your resources. Instead of spending more to earn more, my suggestion…
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It’s 10:00 pm on April 15th and your tax return hasn’t been filed with the IRS. This leaves you with two choices. You can either not do anything about it and suffer the wrath of the IRS, or you can file a one-page tax extension. If you file an extension form, it’ll give you more…
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Business is fluid. A lot like water in a river, it is constantly flowing and transforming over time. To be successful long-term, you must adapt to the new things your industry brings you. Examples of change in business could be: new technology (point of sale systems in retail), industry trends (price bubbles in real estate), or unanticipated events (loss…
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Moving houses can be an extremely chaotic, time-consuming experience to say the least. Usually, we’re worried about moving the furniture and switching our cable providers. So, what else is there left to do? You need to let the IRS know that you moved houses and complete an IRS change of address form. First of all,…
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