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Business Cred: “Good Standing” and Why Your Business Needs It

After a corporation, limited liability company (LLC), or other entity is formed it will need to maintain “good standing” status in state records. A status other than “good standing” could inhibit expansion into other states or the ability to obtain financing. It might also jeopardize the owners’ limited liability.

Too Busy For Tax Season? Consider a Filing Extension

The April 15th deadline for filing income tax returns is quickly approaching. A popular option to consider is an extension of time to file a return.

A Look Ahead: Improving Your Books for 2014 Bookkeeping & Reporting

As the new year approaches, take a few simple steps to ensure your bookkeeping practices are up to par.

S Corp Elections for 2014 Are Due as Your 2014 Tax Year Gets Started

A trap for the unwary is that S corp elections are due by the early part of the tax year. If you want your business to be an S corp, be sure your election is filed on time.

Standard Mileage Rates Drop for 2014

The standard mileage rate for business miles driven in 2014 will be 56 cents. The rate for miles driving for medical or moving purposes will be 23.5 cents per mile. The rate for charitable miles remains at 14 cents per mile.

Time to Review Medicare Surtax Liability for 2013

2013 ushered in the new 0.9 percent Medicare tax on higher-earning individuals. As the year draws to a close, employers, employees and self-employed should review the rules governing withholding and liability to make sure the amounts are on track with what will be owed.

Take Action to Properly Dissolve Your Corporation or LLC

Ending a business that isn’t working out can make way for new, successful endeavors. Don’t let the remnants of a business that exists in name only get you in legal hot water. Proper dissolution requires specific filings in both home and foreign states so that the business—and your liability—is legally terminated.

Small Business Owners Say Facebook Ads Pay Off

Facebook Ads can provide the small business owner with a big return for a small investment.

Beat Tax Deadlines with the IRS Tax Calendar

The IRS's Tax Calendar for Small Businesses and Self-Employed is available for free on the IRS website. The calendar allows users to view filing and payment deposit dates for various federal income, employment and excise taxes.

Across the Nation: IRS Fast Track Settlement Program for Small Businesses

The IRS Fast Track Settlement program for small business is now available nationwide. The program's goal is to expedite case resolution and resolve audit issues for businesses under audit.