Small Business Tips Archives

How to Pay Your Kids Through a Family Management Company

Small Business Tips

July 10, 2023

How to Pay Your Kids Through a Family Management Company

Explore the concept of a family management company, its tax benefits, and how it can be used for wealth management and estate planning.

Amy Northard, CPA

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How to File Form 8962 Step-by-Step Instructions

Small Business Tips

July 3, 2023

How to File Form 8962: Step-by-Step Instructions

Understand how to reconcile healthcare premiums with IRS Form 8962, the importance of accurate reporting, and the impact on your tax credits.

Amy Northard, CPA

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Why Would the IRS Send a Certified Letter?

Small Business Tips

July 2, 2023

Why Would the IRS Send a Certified Letter?

Learn about IRS certified letters, including common reasons for receiving one, how to respond, and the importance of timely action.

Amy Northard, CPA

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Small Business Tips Taxes

June 29, 2023

What is Section 1231? Can You Save on Taxes?

Explore Section 1231 assets, the tax benefits of gains and losses, and how they can impact your business's taxable income.

Amy Northard, CPA

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IRS Small Business Tips

June 26, 2023

How to Complete IRS Form 4506-T

Discover the purpose of IRS Form 4506-T for requesting tax transcripts, its uses for loan applications, and verifying income information.

Amy Northard, CPA

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How Form 1125-E Can Help You Avoid IRS Accuracy-Related Penalties

IRS S-Corporation Small Business Tips Taxes

June 12, 2023

How Form 1125-E Can Help You Avoid IRS Accuracy-Related Penalties

Avoid penalties with Form 1125-E by understanding the requirements for reporting compensation of officers and ensuring compliance with tax regulations.

Amy Northard, CPA

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Capital Gains Tax on Home Sales in California

Small Business Tips Taxes

March 29, 2023

Capital Gains Tax on Home Sales in California

Navigate capital gains tax in California, understanding rates, exemptions, and strategies to minimize your tax liability on investment income.

Amy Northard, CPA

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Small Business Deductions Small Business Tips Taxes

March 15, 2023

What Is the 2% Tax Rule?

Unpack the 2% tax rule, its effects on miscellaneous itemized deductions, and what the tax reform means for personal and business taxes.

Amy Northard, CPA

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How to Know When It’s Time to Hire Your First Employee

Small Business Tips

February 20, 2023

How to Know When It’s Time to Hire Your First Employee

Essential steps and considerations for hiring your first employee, from tax obligations to legal requirements, ensuring a smooth process.

Amy Northard, CPA

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How You Can Use Safe Harbor to Avoid IRS Underpayment Penalties

IRS Small Business Tips

February 3, 2023

How You Can Use Safe Harbor to Avoid IRS Underpayment Penalties

Use the safe harbor rule to avoid IRS underpayment penalties, including eligibility criteria, calculation methods, and strategic tax planning.

Amy Northard, CPA

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