Small Business

The unincorporated business tax (UBT) remains a crucial consideration for businesses operating as sole proprietorships, partnerships, limited liability companies (LLCs) taxed as partnerships, and trusts in specific localities. This levy, imposed at the local level rather than federally, applies to

It's crucial for small business owners in 2025 to understand the lasting impacts and any subsequent updates to the Tax Cuts and Jobs Act (TCJA), which was enacted in late 2017 and significantly altered the tax landscape. While the original article focused on the immediate effects for the 2018 tax

As your small business grows, it’s only natural to reevaluate your structure—especially when it comes to taxes. One of the most common questions we get is whether they should convert their LLC to an S Corporation. The answer? It depends on your business goals, income, and how you want to handle

If you’re starting a small business or making changes to an existing one, you’ve likely heard about the Federal Employer Identification Number (FEIN). But what is it, and how do you apply for one? This guide breaks down everything small business owners need to know about FEINs and how to get one

Starting a business is challenging, but marketing that business effectively can be even more daunting. As a new business owner, you're not just selling a product or service—you're telling a story, building a brand, and creating connections that will drive your success. This guide will walk you

As a small business owner, you've already conquered the most challenging step: starting your venture. But now comes an equally important mission—growing and sustaining your business in a competitive marketplace. Business development isn't just a buzzword; it's the strategic engine that transforms

Mark-to-market (MTM) accounting is a method that values assets and liabilities at their current fair market value. This approach, while aiming to provide a more accurate financial picture, can be a double-edged sword. How Does Mark-to-Market Work? In simple terms, MTM accounting requires