Contrary to popular belief, the Internal Revenue Service (IRS) seldom audits taxpayers. In fact, only about 1 percent of all tax returns processed are subject to an IRS audit. However, it is interesting to note that historically wealthier individuals and the most successful of businesses are more likely to get….
Tag: small business
Mark Twain once said, “I shall never use profanity except in discussing house rent and taxes.” Expletives aside, paying taxes is stressful to everybody, no matter what specific financial situation one might find themselves in. Almost always met with frustration, stress, and scrambling, tax filing season is something that everyone….
Statistics say that 80 percent of New Year’s resolutions fail by mid-February. Sure, personal goals can often be the most challenging of any objectives. But what about in the business world? Does the act of creating New Year’s objectives apply to companies? If you’re like the majority of business owners,….
When beginning a small business, it is very important to think about the different options you have when it comes to choosing the structure of your business. Each of the business entities will provide different legal and tax implications, and it is up to you to choose the structure that….
Conducting a thorough valuation of a business or other enterprise is critical to successful results. All too often, business valuation “experts” use a simple rule-of-thumb formula to do so, but this can lead to critical errors and misinformation. As such, the process of conducting a valuation of a closely-held business….
Choosing the right accounting firm can make or break an organization. For small businesses, using accounting software like QuickBooks or Quicken may seem like the logical solution. However, as public and private companies expand, the need for the right accountant or accounting firm becomes indispensable. While every company’s needs are….
Why do people wish to sell their business? Some reasons include retirement, boredom, partnership dispute, illness, or death. Whatever the reason may be behind desiring to sell a business, the parties involved should follow certain steps in order to properly sell their business. If followed correctly, the business sale will….
Governor Rick Scott sends a congratulatory letter to Moore, Ellrich & Neal P.A. to recognize the honor of being named in South Florida Business Journal’s list of top accounting firms. Thank you for this honor!
Any business owner understands the daily challenges of operating and growing a business. Expertise in business plan development and management can be found in a variety of ways, however, ascertaining the most effective advisory services for your business can be difficult. From trend analyzation to financial forecasting and from cash….
What is The Work Opportunity Tax Credit (WOTC) and how can this benefit you as an employer? The WOTC is a Federal tax credit available to employers that hire and retain individuals from certain target groups that face difficulty finding employment. The WOTC is one of several workforce programs that….