Daily Archives: May 11, 2011

Expensive failure to file S-Corp, LLC and Partnerships timely

The IRS increased the monthly penalty for failing to file a partnership return from $89 per partner to $195 per partner. This penalty can be assessed for a maximum of 12 months. For example, the maximum penalty for a partnership … Continue reading

Posted in Uncategorized

ESTABLISHING YOUR SMALL BUSINESS

ESTABLISHING YOUR SMALL BUSINESS What do we need in order to establish the right small business? • Vision : Number one, we need a vision. A vision of what we intend to do and who we intend to sell it … Continue reading

Posted in Uncategorized | 1 Comment

A Few Benefits of Incorporating YOUR Small Business

A Few Benefits of Incorporating YOUR Small Business 1. Should I incorporate MY small business? A. Perhaps. Ease of transferability B. Selling the ENTIRE operations C. Allowing in another partner D. Rewarding a Key employee E. Transitioning out of the … Continue reading

Posted in Uncategorized

HOW LONG SHOULD YOU KEEP BUSINESS RECORDS

HOW LONG SHOULD YOU KEEP BUSINESS RECORDS (To those I care about, the purpose of the email that I send to you is not only to keep you informed of what is important, nor is it only to show you … Continue reading

Posted in Uncategorized

The Frailties of QuickBooks

Because I care about you and your businesses’ success, I will share some personal insight on what I have found and seen with Small Business Owners’ trusting their internal accounting to hired, unrelated, unsupervised bookkeepers.

Posted in Uncategorized

Important advice BEFORE starting a Partnership

My advice BEFORE you walk into a Partnership; establish an understanding and a Partnership Agreement (it will save you money today, and save you certain misunderstanding down the road)

Posted in Uncategorized | 1 Comment