At Corporate Capital, we can't stress enough how valuable a good bookkeeping and accounting service is for your business, and in fact, may even depend on it! If you have been trying to juggle the books yourself, you might want to reconsider this tact, especially now as you start a new year and possibly wanting to implement more beneficial changes... read more »
Today I want to talk to you about where most business owners choose to incorporate their businesses. One of the biggest myths out there in the corporate world is that you must incorporate in the state in which you live and conduct business. This is absolutely false. You are free to incorporate in any state you choose, regardless of where... read more »
2020 is almost over, and there are plenty of reasons to be glad about that. But, there are still some tax-saving moves you can make to ring in the new year in your best financial shape. Assessing Your Finances If you have been one of those who have lost their job this year, or had a change in your work... read more »
Many occurrences like this year's pandemic and the election could affect your taxes, investments, and retirements. Now, more than ever, your money and your business must be the highest priority as you navigate the last quarter of this year. Along with these factors and a recession, the country is currently facing a lot of uncertainty. With that said, there are... read more »
This year, the COVID-19 (coronavirus) pandemic has taken a toll on people's health along with businesses and the economy. Small businesses have faced crippling challenges this year around the globe and here in the U.S., and even with all of this turmoil, the Internal Revenue Service (IRS) is still moving forward with making changes. The IRS is changing 1099-MISC Box... read more »
The IRS has been busier than ever this tax season thanks to the COVID-19 pandemic, and there are a couple of things that can help you when it comes to your federal taxes, having loan forgiveness, and being aware of IRS scams. Note: If you filed an extension on your taxes, then all S Corp and Partnership returns are due... read more »
Many small businesses have found themselves struggling or changing the way they run their business because of COVID-19. As your business goes back to a new normal, there are some things you can do to rebuild your business for success. Rebuilding Starts With Planning Gather and use feedback: Interact with your customers, whether that means social media updates or providing... read more »
2020 Tax Day might feel a bit surreal thanks to the coronavirus pandemic, but the Treasury Department (IRS) applied a deadline extension to taxpayers earlier this year. This automatic extension postponed filing your federal tax return deadline to Wednesday, July 15, giving you a reprieve of three extra months where you can file your tax returns and pay any taxes... read more »
Did you know that during and after the Great Depression and the 2008 meltdown, many businesses not only benefited but were highly successful starting up their new business? If you have been wanting to start up your own business venture, this may be a great time to get and make deals as opposed to during a stronger economy. One might... read more »
With a global pandemic facing every American today, now more than ever, you need to consider things you may have pushed off to a later date. It includes protecting your hard-earned assets for yourself and your beneficiaries. Doing so keeps your assets from evaporating by creditors, divorce and even predatory claims. Our Corporate Capital professionals encourage everyone to have a... read more »