Owning copyright contents is one factor that contributes success to your business and registering your work with the U.S. Copyright Office makes it easier for you to be successful in a lawsuit against an infringer.
There are many factors to consider when deciding whether to change the structure of your small business especially if it is growing and expanding. By this, for any type of change, it is important to make sure that you complete all the notifications and registrations required by the state law. If you need help in implementing the business structure that is the most advantageous for your individual circumstances, consult with us so we can guide you step by step with the process.
Although the home office deduction was eliminated for employees as part of the 2017 tax reform, owners of home-based businesses may still take advantage of this deduction as long as they meet the following requirements set out by the IRS. Read here to know more. We'll be happy to provide guidance about how to maximize your tax saving and meet your legal obligations if you're uncertain whether your home-based small business is eligible for the home office deduction or have other tax questions.
Building your own business takes a lot of courage and considerations because it requires great effort to acquire some level of recognition an already established business may have. Yet if you feel that purchasing a business that is already in existence is the best option instead of starting one from the ground up, then you must critically consider the following before purchasing one.
As a business owner, it is critically important for you to maintain a summary of your business transactions and retain all important documents that can be used to verify the accuracy of your summary for tax purposes. Keeping good records of your transactions and tax invoices will help you to monitor the financial performance of your business as well as comply with your tax obligations.
Learn here the documents your small business should keep.
Good record keeping is not only important to help you monitor your business' details and progress, but it is also essential to protect you and your business from penalties, fines, and other legal actions. Read here some of the records your business may be legally required to keep. Consult with us if you have questions or if you need help navigating the maze of record-keeping requirements under local, state, or federal law.
Closing down your business for any reason requires steps that must be taken before you move on. It is important that you do this process the right way so that you are not facing any difficulties in the future and are not personally liable for anything. Here are some of the most important steps you must take during the process of closing down your business.