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Home Business
How Home Business Owners can Maximize the Meals Deduction
How Home Business Owners can Maximize the Meals Deduction The information shared here is for presentation purposes only. Please consult your tax professional regarding your specific tax situation. With this post, I’m going to share with you how to max out your meals deduction and why you should never eat alone. The primary …
Review of Operating Agreements for Home Business Owners
Review of Operating Agreements for Home Business Owners Most home business owners choose a single member LLC when selecting a business structure, although it is treated as a Sole Proprietorship by the IRS. It is important to establish the business as its own identity. Many think that just having an LLC will do that. That’s …
Benefits of a Limited Liability Company for Home Business Owners
Forming a Limited Liability Company can offer many benefits to a home business owner. The main reason business owners form a Limited Liability Company (LLC) is to protect their assets, but there are other moving parts. What is a Limited Liability Company (LLC) Exactly? A Limited Liability Company (LLC) is a non-corporate business structure that …
Form 5213 for Home Business Owners
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6 Critical Components of Indisputable Documentation for Home Business Owners
Home business owners shudder at the sound of the word ‘Audit’. Collectively, we should. Why? When it comes to being audited, we are often ill-prepared, or not prepared at all. Let’s clear up some myths. While home business owners are 3 times more likely to get audited, than W-2 wage-earners, we are no more likely …
Home Business Owners 1099 Filing Requirements
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