If you have made the decision to bring your dream of owning your own small business to life, you may now be looking for the ideal space to lease for your business. You’ve leased apartments or rental homes before so this shouldn’t be much different right? Wrong. Commercial lease laws bear little resemblance to their […]
ACH Payment Processing vs Wire Transfers
Businesses today, including accounting firms, benefit greatly from both wire transfers and ACH payment processing. Each offers unique benefits for specific situations worth considering. In order to decide which electronic payment method to choose and when, it’s necessary to look at the definitions and distinctions of each. ACH Payment Processing Processing payments through an automated […]
Why Taxes for Professional Athletes Are Complicated
The only two things in life that are certain, as they saying goes, are death and taxes. The problem is, taxes have become quite complex, especially for pro athletes and other professionals who travel to certain cities, states, and even foreign countries for the purpose of business. In the case of professional athletes, the business […]
Vacation Home Rental Tax Rules
If you have ever considered renting out your vacation home, before you do there are several tax rules you will need to keep in mind to help you stay on the right side of the IRS. Luckily, they aren’t too complex, but they will guide you in determining how you want to use your vacation […]
Tax Extenders – Tax Breaks for Orange County Businesses and Teachers
Tax extenders are a group of fifty tax breaks that apply not only to small businesses but teachers and individuals as well. What you need to be concerned with are those that apply directly to small businesses. While these tax breaks are temporary in nature, they can have a serious impact on how you conduct […]
Defined Benefit Plan
Simply put, a defined benefit plan is a pension plan that uses a formula to promise a predetermined monthly benefit to an employee at their retirement. However, the specifics that go into a defined benefit plan are less simple, and it is important for all involved to understand the ramifications of the plan before it […]