Small Business

March 25, 2022 

The sales tax automation feature upgrades GoDaddy Online Store capabilities and frees business owners from having to manually track their transaction thresholds for each state to know if/when they owe sales tax, log the sales tax rates for each ...

Accounting Technology Lab Podcast March 23, 2022 

Randy Johnston and Brian Tankersley, CPA.CITP, CGMA review the LivePlan business planning system.

Brian Tankersley, Randy Johnston

March 23, 2022 

Having a clear client communication policy is often forgotten as a part of the engagement. Everyone needs to understand the client’s part, the firm’s part, and the collaborative part. Communication policies help your firm achieve this goal. If your firm h

March 21, 2022 

My advice? Meet with accountants at least two-to-three times a year and ask about these five things (and 20 more at the link below) that will potentially create big cost and time savings.

March 16, 2022 

Although the definition of what constitutes a “reasonable” wage may seem subjective, the IRS scrutinizes the S Corp’s source of income—its gross receipts—and then determines if (and what tasks) the owner/shareholder performed for the S Corp to assist ...

Nellie Akalp

March 16, 2022 

Small business growth has boomed during the pandemic, with business applications growing substantially in 2021 as compared to 2020 and 2019. As these new businesses grow and scale – many of which are selling their services or products online ...

March 15, 2022 

The Sunshine Protection Act, which was co-sponsored by lawmakers of both parties, would lock in next year’s switch to Daylight Saving Time in March. It follows a 2018 Florida law that would permanently lock in Daylight Saving Time contingent ...

March 15, 2022 

The extended deferment period will provide additional flexibility to small business owners impacted by the pandemic, especially those in hard-hit sectors managing disruption with recent variants, as well as recent supply chain and inflation challenges ...

March 15, 2022 

Several of the largest carriers, including United Airlines Holdings Inc. and American Airlines Group Inc., cut their capacity forecasts for the first quarter, while Delta Air Lines Inc. held growth to the low end of a previous range, according to ...

March 15, 2022 

NRF forecasts that 2022 retail sales will total between $4.86 trillion and $4.95 trillion. The numbers exclude automobile dealers, gasoline stations and restaurants. Non-store and online sales year-over-year, which are included in the total figure ...

Isaac M. O'Bannon

March 15, 2022 

After two years of retooling and resilience, small businesses still face a difficult recovery, with nearly 80% of small businesses reporting continued negative effects and 63% reporting a reduction in revenue compared to 2019.

March 3, 2022 

Will the IRS find out if you don't report your income? This is the question everyone wants to ask, but tax professionals don't want to answer because of ethical or liability concerns.

Isaac M. O'Bannon