4 Tax Cuts and Jobs Act Provisions that Professional Service Providers Should Be Aware Of

The Tax Cuts and Job Act (TCJA) includes provisions that will impact some service industries. One question you might be asking yourself is, "what is a service provider". Service industries are ones where the principal driver of income is the know-how of one or more of the employees of the business. This includes medical practitioners, lawyers, architects, engineers, performers, athletes, financial service providers, brokers, accountants, etc. If you fall into one of these categories, you are a service provider.

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It's Not Too Late...2017 Tax Savings Opportunities to Implement Before April 17th!

I wrote a similar blog last year but I think it is important to remind people that…

There are still tax savings strategies, for tax year 2017, you can implement before the April 17th tax deadline. Two major opportunities, which I have outlined in further detail below, include contributing to a Health Savings Account, and contributing to an IRA.

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How Sales Tax Works for E-Commerce Businesses

As the world continues to shift to an online, competitive marketplace e-commerce sellers are left with many legal and financial concerns.  Now that tax season is upon us these concerns become even more intensified. 

The e-commerce industry can be lucrative. Amazon for example has 190 million reported monthly visitors, but it also comes with its challenges.  Less than 50% of small businesses stay online after four years.  How can you make sure that your business is set up for success when building and growing your e-commerce business?  Some areas to focus on are your revenue and growth model, a payment gateway that is user friendly, what shipping restrictions are in place, how you will manage inventory, and how you will protect customer information (cyber security is here to stay!)

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Tax Breaks Extended for 2017?

On Friday, Congress approved a bill that extends tax breaks that expired at the end of 2016 through 2017.  I know what you are probably thinking…it is the middle of February 2018 and Congress just passed a bill to extend provisions for tax year 2017?!?

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4 Things Contractors Should Pay Attention To, Because the Surety Will Too

One of the most important parties to keep happy as a contractor is the surety.  A surety can create bonding programs that can allow for contractor growth, or they can significantly constrict a contractor’s ability to bid and obtain new work.  A surety will want confidence in the ability of a contractor to completely perform a project prior to issuing a bond for the project.  Here are a few key items that a surety will likely look for when evaluating contractors for new or existing bonding programs:

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