As a solopreneur, you expose yourself to a wide variety of risks, from environmental to digital. Fortunately, you have access to a wide range of business insurance types, including cyber insurance, to protect yourself and your business against these unforeseen dangers.
When you’re starting a small business—or running a growing one—there are so many expenses competing for your limited dollars that it’s easy to ignore business insurance. Spending money to protect against possible risks in the far-off future seems like a waste of your precious capital.
Congress recently passed the “Tax Cuts and Jobs Act” which impacts both individuals and businesses. Learn what are the two important changes in 2018 that will affect every business owner in the United States.
You’re not alone if you inherited the family business with no formal succession plan in place. About 64 percent of family companies don’t have a written succession plan, while another 19 percent have one “in progress.” Use these tips to find your footing after you’ve suddenly inherited the family business.
For many entrepreneurs, travel and entertainment (T&E) tax deductions can be a minefield. Certain expenses for business travel are deductible as long as they meet two criteria: They must be “ordinary and necessary” in the course of doing business, and they must be documented.
Although the ongoing efforts of Congress to repeal the Affordable Care Act (ACA) has cast doubt on the controversial law’s future, the IRS’ stance is clear. At the close of 2017, the Affordable Care Act still stands – and the IRS has sophisticated support systems in place to fully enforce it.
Staying on top of complex and continual changing HR regulations is challenging, but a self-audit can help you avoid costly lawsuits or penalties due to non-compliance or misconduct. Here are three specific HR areas you should include in your audit based on recent trends.
If you run your business as a sole proprietor, you may need to pay estimated taxes to the IRS throughout the year. Read more
Are you completely confident you're correctly classifying workers as independent contractors? Read more
As one of the most desirable employee benefits, a retirement plan can help you attract and retain a higher caliber of employees. Read more