The U.S. Supreme Court issued a ruling in the South Dakota vs Wayfair case that opens the door for states to impose sales tax on sellers outside their borders. The case highlights a new standard of business presence called "economic nexus" that may …
News and Resources
Business Expenses – Do’s and Don’ts
Knowing whether you can or can't expense a purchase for business purposes can be complicated. However, there are a few hard-and-fast rules to help you. Listed below are some do's and don'ts that can help you identify your business …
Contractor or Employee
Contractor or Employee? Knowing the difference is important Is a worker an independent contractor or an employee? This seemingly simple question is often the contentious subject of IRS audits. As an employer, getting this wrong could cost you …
Common Mistakes When Buying or Selling a Business
It is said with every major purchase there's some kind of remorse either on the part of the buyer or the seller. This can be especially true when buying or selling a business. No matter which side of the negotiating table you sit on, there are some …
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Five Home Office Deduction Mistakes
If you operate a business out of your home, you may be able to deduct a wide variety of expenses. These may include part of your rent or mortgage costs, insurance, utilities, repairs, maintenance, and cleaning costs related to the space you …