Your company is required to file Form 1099-MISC for each person you paid rents of at least $600 during the year. There are, however, certain exceptions where some payments do not have to be reported on Form 1099-MISC. Generally, any payments made to a C corporation, S corporation, or an LLC tre...
Use H&R Block executive tax services. Problems with CPAs. 1) They're expensive. 2) They make many mistakes. 3) Worst, if 1x of their clients gets caught up in some organized criminal activity (accidentally or on purpose), this can trigger a blanked audit of all clients, as the CPA is flagged ...
Hi, what a great question. I can see that you're trying to figure out how to maximize the value of the business by putting yourself in the buyer's shoes. I've been evaluating small and medium sized business since 2009 and I've helped to sell hundreds of them. Check out www.HowToSellMyOwnBusine...
I am not a tax expert and this is not legal advice. But I believe that the only reason to secure a 501c3 (as opposed to one of the designations for a nonprofit membership group) would be to provide tax deductions to donors. If all you need is an entity that won't pay income tax (like a fraternal ...
Most Startups billed their own, but you could look at Magento (OpenSource), Netsuite (Enterprise) or some kind of Wufoo.com form with Stripe.com integration (Simple).
What you are seeing is a pattern for a business that is experiencing a cash flow issue and ultimately will go out of business as suppliers will move them to prepayment or COD. One solution to protect your business is to accept a credit card for payment of the invoice within 7 days and let them m...
Well the government sector is particularly vulnerable when it comes to such aspects of work as budgeting, payroll or leave management. Thus, not every tool will be suitable for this category. What you should be looking for is a software compliant with certain contractors as well as a tool which ...
Bookkeeping and Admin roles are completely different, if a person knows debita and credits doesn't mean that he/she is a good bookkeeper, sometimes there are situations where you need expert advise which an experienced bookkeeper can provide because they are experienced and skilled. Sitting on t...
From the IRS point of view sub companies without an FEIN are the same as the mother company. Just add their names and profit and loss on your taxes. Sub companies with a FEIN but not incorporated are the same as the mother company, nothing extra to do here either. Sub companies with a Fein and ...
How many new clients and what types of clients (individual, business)? Local? Here is a pick list of strategies I know work: If he has a large, satisfied base, use them for referrals and to get their friends to seminars that he hosts. He could partner with a stock brokerage firm (they usually don...