A couple of years ago, I was a guest blogger on hiscox.com and wrote this article. The subject matter is still relevant – check it out. https://www.hiscox.com/blog/3-ways-your-small-business-can-work-cpa
Father & son unite to expand their top-notch east coast accounting practice DURHAM, N.C. – Feb. 2, 2019 — James Heyward, Principal: of Heyward CPA PLLC is proud to announce a merger with A OH Business Services, NYC, effective January 2019. Heyward CPA PLLC, is a prestigious Durham, North Carolina based firm that provides tax, accounting, and advisory … Read more
Business owners aren’t in business to lose money. So there’s not much to like about a nonprofitable year. For a shareholder in an S corporation, however, a down year can have an upside — the corporate loss may give rise to a personal tax deduction. Standing between an S shareholder and the loss deduction is … Read more
If your company is organized as an S corporation, you may wonder whether it is better to take income from the company as salary or as cash distributions. Of the two options, distributions carry the least tax cost because they are not subject to employment taxes. But that doesn’t mean you shouldn’t take a paycheck … Read more
Ask any small-business owner what he sees as the major challenges to growing his business, and chances are he’ll say: winning more sales. Ask any medium- or large-business owner what her major challenges have been, however, and she’ll probably say: structural growing pains — putting into place the necessary processes and structure to accommodate a … Read more
You started gardening to de-stress, and now your family room is filled with exotic orchids. What began as a hobby has evolved into a side hustle—you’re selling propagated orchids to other enthusiasts. With income flowing in, you wonder if it’s time to treat your orchid-growing passion as a business. Once hobbies generate income, they often … Read more