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Tax tips for small business owners

Mar 29, 2024 (0) comment , , , ,

Discuss these ideas with your tax professional to potentially reduce your tax liability for this year and beyond. SMALL BUSINESS OWNERS ARE OFTEN LOOKING FOR ways to minimize their company’s tax liability. That may mean evaluating your company’s current financial performance and adjusting your tax strategy accordingly, taking advantage of tax-friendly pass-through provisions. Whatever your […]

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7 of the Most Famous Veteran Entrepreneurs

Nov 08, 2023 (0) comment , , ,

In honor of Veteran’s Day, we thought we’d take a look at the men and women who have not only served in our country’s armed forces, but have come home to embrace a different challenge–that of building an exceptional company. About 2.45 million veterans own businesses, employing nearly 6 million people and grossing a total […]

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8 professional athletes who became successful entrepreneurs

May 20, 2022 (0) comment , , , ,

Business and sports are a lot alike. They’re demanding, competitive, and require a team-first mentality. Venus showcasing her clothing line, EleVen, at Wimbledon. AP   That’s why so many professional athletes have traded in their rackets, cleats, and jerseys for a career in business. Here are eight athletes who brought their competitive drive and get-it-done […]

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SBA to Increase Lending Limit for COVID-19 Economic Injury Disaster Loans

Sep 02, 2021 (0) comment , , , ,

  The U.S. Small Business Administration is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. In the case that you were unaware, starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months […]

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Fraud Alert: Scammers Pose as CSLB Staff, Demand Money Over Phone

Jul 29, 2021 (0) comment , , , ,

July 28, 2021 The Contractors State License Board (CSLB) has learned of phone scams targeting CSLB licensees. In the scheme, an individual falsely identifying themselves as an employee of CSLB demands a license “activation” fee of up to $500 be paid immediately over the phone or the license will be cancelled. Please be advised that […]

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5 strategies construction firms use to lower their taxes

Jul 08, 2021 (0) comment , , , , ,

From depreciation and carrying forward losses to research and development credits, public contractors rely on an array of tactics to help minimize tax bills.   A recent construction industry analysis revealed that public construction firms’ effective federal tax rates are among the lowest of any sector. The 19 largest profitable firms in the industry paid […]

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7 Business Takeaways You Can Learn From Monopoly

Apr 16, 2021 (0) comment , , , , ,

These seven lessons draw parallels between casual game play and real world business strategies. Monopoly is a generational classic that has brought families together for nearly a century. Although the board game makes for great recreational fun, playing Monopoly also has lessons for entrepreneurs and business leaders if they pay close attention. Here are 7 […]

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IRS explains which meals qualify for temporary 100% expense deduction

Apr 08, 2021 (0) comment , , , ,

The IRS released guidance on Thursday explaining when the temporary 100% deduction for restaurant meals is available and when the 50% limitation on the deduction for food and beverages continues to apply for Sec. 274 purposes (Notice 2021-25). Under Sec. 274(n)(1), a deduction for any expense for food or beverages is generally limited to 50% […]

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Senate passes bill extending PPP deadline to May 31

Apr 01, 2021 (0) comment , , , ,

Brief: The Senate on Thursday passed, by a 92-7 vote, a bill that would extend the deadline for Paycheck Protection Program applications for another two months to May 31. The PPP Extension Act, which also gives the Small Business Administration until June 30 to close pending PPP applications, now awaits President Joe Biden’s signature. The […]

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Lawmakers introduce plan to extend PPP deadline to May 31

Mar 12, 2021 (0) comment , , , ,

Brief: Lawmakers in the House and Senate have come together in a bipartisan effort to extend the Paycheck Protection Program’s deadline by two months to May 31. The proposal to extend the small-business relief program, which ends March 31, was introduced Thursday by House Small Business Chair Nydia Velázquez, D-NY, and Rep. Blaine Luetkemeyer, R-MO. […]

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