Small business accounting can be a complex practice, but there are several general accounting principles that help business owners structure their accounting procedures and maintain clear and accurate ...

Filing taxes is hard enough for the average worker. Taxes can be even more confusing for self-employed and small business owners. Adding to the confusion is the Tax Cuts and Jobs Act (TCJA) of 2017, ...

Business entity choice determines whether heirs get stepped-up basis on farm assets or just ownership shares upon death.

When starting a new business, owners must decide which type of entity, or business structure, to choose. The business entity choice determines how taxes are filed, what accounting methods to use and ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

When advising clients on the choice of business entity, CPAs should consider the advantages and disadvantages of each type. If more than one entity is involved, CPAs should also determine whether ...

Natalie Cusson is a small business owner with over 15 years experience in the creative arts. She's worked on ad campaigns for many trusted brands such as Nike, Subaru, Polaris, Red Bull and ...

Not all businesses are created equal—nor are they taxed alike. Our helpful breakdown covers various business tax entities and how they’re taxed It’s crucial to understand your business entity’s unique ...

Opinions expressed by Entrepreneur contributors are their own. It’s tax season — and with that comes a whole lot of chatter with accountants. In an effort to submit their taxes on time, avoid ...