Nov 3, 2026 | Business Planning, Closely Held Business, Tax News
The federal tax system is designed for pay-as-you-go compliance. When income is not subject to withholding — as is often the case with business profits — you are expected to send payments directly to the IRS during the year. Waiting until you file your annual return...
Oct 27, 2026 | Business Planning, Closely Held Business
An important asset that small businesses have in their favor may in fact be their small size. Unlike large corporations, smaller businesses have greater agility to respond more quickly to changes in the marketplace. This means that rather than having to go through...
Sep 17, 2026 | Business Planning, Tax News
Seasonal and part-time employees are subject to the same federal income tax withholding, Social Security, and Medicare tax rules as other employees, advises the IRS. Employers must withhold and pay employment taxes on wages paid to these workers. It can be easy to...
Sep 10, 2026 | Business Planning, Tax News
At its core, the federal R&D tax credit was enacted in 1981 to stimulate innovation and business investment. It provides dollar-for-dollar savings tied to qualified research activities. In addition, many states now offer similar tax credits. As a result, federal...
Sep 3, 2026 | Business Planning, Closely Held Business
While traditional banking continues to be the primary source for commercial lending, small businesses are beginning to take advantage of other nonbank alternatives. In fact, according to a Secured Research study, over 70% of small businesses said they shopped around...
Jul 28, 2026 | Business Planning, Tax News
Tax problems can create a surprisingly heavy financial burden for small businesses. Penalties and interest from the IRS, late payment fees, professional costs, audit expenses and even missed deductions or credits can chip away at your cash flow. These issues also tend...
