The straight line

Does your small business engage in qualified research activities? If so, you may be eligible for a research tax credit that can now be used to offset your federal payroll tax bill. This relatively new privilege allows research credits to benefit small businesses that may not generate enough taxable income to use the credits to offset their federal income tax...

Parents, children and educators all generally agree that the Internet can, and does, play a positive role in enriching children’s lives. But the benefits are clouded by the specter of pornography, predators and commercialism. Addressing those concerns, the U.S. has passed the Children’s Online Privacy Protection Act (COPPA) to regulate the personal data that can be collected on...

Here’s a simple way to check and see if your company is fulfilling its promises. Print out the following questionnaire and ask all employees, except your sales staff, to fill it out. When completed, analyze the results and — if needed — implement a plan to revise your sales process. For more information about improving your company’s process,...

Do you provide car rides through a mobile app, rent out your spare room using an online platform or repair computers for local businesses on demand? If so, you may be considered part of the “sharing economy” (also known as the Gig or on-demand economy). Participation in this emerging method of distributing services can be a...

It’s important to notify the IRS if you move and change your address. Under tax law regulations, a taxpayer’s last known address is the one that appears on the tax return you filed most recently — unless the IRS is otherwise notified. In one court case, it was made clear that the burden of informing the IRS...

The federal self-employment (SE) tax just keeps going higher and higher. If you’ve reached the breaking point, there may be a way to tame the SE tax beast by converting your existing unincorporated small business into an S corporation. How to Evaluate the Option If you’re a self-employed individual — meaning a sole proprietor, partner, or...