Limited Liability (and an Example)
Dan Nicholson
August 2, 2019
Imagine one of your employees falls asleep at the wheel while driving a company vehicle. He causes a serious accident in a populated area.
Imagine one of your employees falls asleep at the wheel while driving a company vehicle. He causes a serious accident in a populated area.
In a cash flow statement, the cash position at the end of the month represents the amount of cash that the company has on
“Is there a tax burden when moving a property from your name to an LLC/entity?” The answer to this question will depend on a
Professional skills certification expenses are only deductible if they maintain or improve your skills or meet legal or employer requirements for you to maintain
It’s important to draw a distinction between “Income Tax” and “Employment Tax”. Employees and Contractors are subject to the same income tax rates. However,
Let’s say you owe $10,000 in school loans. You’ve paid $6, 000 dollars to the lender towards the balance, and the lender decides they
Filing for an S Corp or C Corp election is less about “How long?” and more about “Do I meet the requirements?” If filed
The biggest difference between S Corporations and LLCs (partnerships) is the ability to minimize self-employment taxes as an S Corp. In an S Corp
“When dissolving an LLC, do you need to fill out IRS form 966?” The answer will be yes or no depending on how your
I like to think of myself as an anti-accountant. Instead of just dutifully checking boxes on tax to-do lists, I’m constantly peeking into the
Crunching numbers and solid bookkeeping is part of the game when you’re running a business. When you’re reviewing your financial records — whether it’s
It should go without saying that your financials are an important indicator of how your business is performing. But they are more than a
You didn’t get here without having a goal in mind. Whether it was world domination, a platform for your ideas, or a chance to
As an accountant and owner of Nth Degree CPAs, I often have the honor of startling many of my clients by suggesting they shouldn’t
Imagine one of your employees falls asleep at the wheel while driving a company vehicle. He causes a serious accident in a populated area.
In a cash flow statement, the cash position at the end of the month represents the amount of cash that the company has on
“Is there a tax burden when moving a property from your name to an LLC/entity?” The answer to this question will depend on a
Professional skills certification expenses are only deductible if they maintain or improve your skills or meet legal or employer requirements for you to maintain
It’s important to draw a distinction between “Income Tax” and “Employment Tax”. Employees and Contractors are subject to the same income tax rates. However,
Let’s say you owe $10,000 in school loans. You’ve paid $6, 000 dollars to the lender towards the balance, and the lender decides they
Filing for an S Corp or C Corp election is less about “How long?” and more about “Do I meet the requirements?” If filed
The biggest difference between S Corporations and LLCs (partnerships) is the ability to minimize self-employment taxes as an S Corp. In an S Corp
“When dissolving an LLC, do you need to fill out IRS form 966?” The answer will be yes or no depending on how your
I like to think of myself as an anti-accountant. Instead of just dutifully checking boxes on tax to-do lists, I’m constantly peeking into the
Crunching numbers and solid bookkeeping is part of the game when you’re running a business. When you’re reviewing your financial records — whether it’s
It should go without saying that your financials are an important indicator of how your business is performing. But they are more than a
You didn’t get here without having a goal in mind. Whether it was world domination, a platform for your ideas, or a chance to
As an accountant and owner of Nth Degree CPAs, I often have the honor of startling many of my clients by suggesting they shouldn’t