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Here’s the good news about business taxation: In general, you can deduct the costs of running your business in the same year that you pay them. Section 179 of the IRS Tax Code allows a business to deduct, for the current tax year, the full purchase price of financed or leased equipment and off-the-shelf software that qualifies for […]
It doesn’t matter how old you are, how much you own, or if you’re married or single. If you own titled assets and want your loved ones to avoid the problems of court interference at your death or incapacity, you should consider a living trust. Many people already have a Will, but a Living Trust […]
Ecko, a graffiti-artist-slash-pharmacy-student-turned-fashion-designer, sat down withInc.’s Scott Gerber to discuss branding, strategy, and his new book, Unlabel: Selling You Without Selling Out. During the conversation, the man behind the billion-dollar business offered some sage advice for young entrepreneurs seeking to break through their mental barriers and embrace their authentic brand. It’s OK to Be Emotional According to Ecko, fear […]
As a small business owner, you’ll need to make estimated tax payments during the year to cover your federal income tax liability, unless you expect to owe less than $1,000. Generally, estimated taxes are due in four quarterly installments, due by April 15th, June 15th, September 15th, and January 15th. Keep in mind even though […]
Did you know that if your corporate minutes are inaccurate or incomplete it can do long term harm to your business? Minutes are a written record of transactions taken, or authorized by, the board of directors or shareholders. They should be kept in the corporate record book for your company because these are crucial for […]
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