Pay Your Taxes! The IRS has created a regulation where a third party payer or professional employer organization (PEO) can be held as a responsible party if payroll taxes are not paid. Unless an exception applies, the third party payer…
More and more business owners are asking me that question these days. Given the recent performance of the US economy and stock market, it’s a very fair question. My answer is generally in two parts. First, for most business owners,…
Q: What are the standard mileage rates for 2014 and 2015? A: 57.5 cents per mile for business miles driven, up from 56 cents in 2014 23 cents per mile driven for medical or moving purposes, down half a cent from…
Introduction For the closely-held business, choosing a business entity under which to operate used to be easy. The proprietor usually operated as a sole proprietorship, a partnership, or as an S Corporation. There were clear advantages and disadvantages to each…
Introduction So far at least, the consensus is that the economy will be relatively stable in 2015. With an average of 200,000 jobs being created each of the last 6 months and most economic indicators showing positives, next year should…
When you’re selling your business, an important step in the process is receiving a letter of intent (LOI) from a qualified buyer. The terms of an LOI can still be negotiated, but once signed by both parties, it’s a little…
The IRS Chief Counsel determined that mobile billboards qualify for Code Section 199 Domestic Production Activity Deduction. In this determination, the taxpayer submitted a fact pattern based on two sets of facts. The first set of facts were billboards that…
Q: Should I incorporate? A: The three worded, simple question many small business owners ask of us! The legal profession will answer, in blank, “YES!” The accounting profession would generally answer, “Maybe.” Your creditors cringe at the thought. The fact…
Introduction The election is over. As a result, we have a Republican lead Congress. Now, maybe our politicians can get some stuff done! Additionally, it is that time of year again! Many people don’t want to think about it, but…
Waiting until the last minute is almost never a good strategy if you’re planning to successfully sell or transfer your business one day. The oldest baby boomers, people born between 1946 and 1964, turned 65 in 2011. Over the next…
Securities are offered through Finalis Securities LLC Member FINRA/SIPC. Transworld M&A Advisors and Finalis Securities LLC are separate, unaffiliated entities. This website is operated by Transworld M&A Advisors, a privately held Florida limited liability company. Transworld M&A Advisors provides financial and strategic advisory, consulting services, mergers and acquisitions services. Transworld M&A Advisors is not a registered broker-dealer, and Finalis Securities LLC and Transworld M&A Advisors are separate, unaffiliated entities. Finalis Privacy Policy | Finalis Business Continuity Plan | FINRA BrokerCheck
