As a CPA and overall early adopter, I strongly rely on the power of the internet for marketing to make my phone ring. Here are the 5 basic things you should focus on.
If you treat workers as independent contractors who are really employees and fail to withhold payroll taxes the IRS can reclassify them and assess potentially crippling retroactive penalties. For many, a key way out of this mess is Section 530, a tax relief provision that can let you keep even an erroneous classification. Under this provision, a business can treat an individual as an independent contractor if:It never treats the person as an employee;It does not treat any other person with a substantially similar position as an employee;All required federal tax returns and Forms 1099 show the worker as an independent contractor; and The business had a “reasonable basis” not to treat the person as an employee.
It never treats the person as an employee;
It does not treat any other person with a substantially similar position as an employee;
All required federal tax returns and Forms 1099 show the worker as an independent contractor; and The business had a “reasonable basis” not to treat the person as an employee.
When most of us think about franchises, we are referring to the business-based franchise like the top 500 franchises published in Entrepreneur magazine each year. Entrepreneur’s 75 different categories range from automotive to services, but they all have one thing in common—a systematic method to deliver services or products.Franchising is not for everyone, but for an individual who has limited business experience or someone who enjoys working within an established system, franchising can be the best possible path.
For those who dream of running their own shop, our Miami CPA Firm recommends asking these four questions to be sure you get off on the right foot.
Longevity in business can leave owners complacent, unprepared, and misaligned with their personal goals. Here’s how to avoid the key dangers success can bring
Won’t you be my client? Accounting firms don’t necessarily need to take a Mr. Rogers’ neighborhood approach when asking Won’t you be my client? – but it certainly doesn’t hurt. CPA’s are part of the business community, we don’t stand above them – we are among them. Without this mentality and an active local role, accounting …
Our Miami CPA Firm has some important information to share with individuals who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may qualify to exclude all or part of that gain from your income. Here are ten tips from the IRS to keep in mind when selling your home.
As an owner of a small CPA firm, I have tested the waters over the past year outsourcing (also known as offshoring) certain marketing, sales, and IT functions to companies and individuals in India, Pakistan, Philippines, etc. I’m happy to say that I will never do it again. If you want quality, BUY AMERICAN!
In fact, succession plans always entail a contemplated change in the ownership and management of any business, and having the right elements in your client’s plan can have a huge impact on achieving successful outcomes. Here are five elements to consider as you work to meet the specific needs of your clients
If you have your heart set on working for yourself, buying an existing business might be just the ticket–or it can be a nightmare if you’re not prepared. Know what you want and investigate your options aggressively. First, read How to Finance Your Business Idea. Then, do your research–the more you learn, the better your chances for success.