Since 2010, small-business owners have seen a significant uptick in reasonable compensation challenges, as the IRS has increasingly trained its tax examiners to examine payroll tax issues — among them, reasonable compensation. After all, the payment of a salary inMore…
Regardless of when you plan, the goal with any planning is to keep the tax bill at a legal minimum, year after year. So, keeping in mind that a garden pond professional’s obligation is to pay their fair share ofMore…
The continued use of cash is surprising, given its inconveniences and the risk consumers face in carrying it around. Love it or hate it, however, cash is playing an increasingly smaller role in society, especially with pond retailers, distributors, andMore…
Thanks to the Supreme Court’s late-June decision in King v. Burwell, many garden pond professionals will escape at least some of the sharply escalating costs of the Affordable Care Act (ACA). That Court decision should, however, be a wake-up callMore…
Many pond companies use independent contractors to cut down on labor costs and get projects finished. But thanks to new legislation, the IRS has much different standards for what constitutes a “nonemployee” than you might realize — and miscategorizing yourMore…
Do you understand the nuances of capital purchases? Are you using these nuances to your advantage? If not, you may be making critical mistakes that cost you money each time your company buys equipment. In this must-read, in-depth article, MarkMore…
The full implementation of the Affordable Care Act (also known as Obamacare) is just months away. Is your pond business ready to weather the change? Find out how this new law will impact your small business — and how toMore…
Natural disasters and on-site accidents can destroy companies overnight. Is your pond business protected against unexpected loss? No matter the size or value of your business, insurance is an essential precaution you can’t afford to be without.
Quickly learn about the different business entities that are available to the businesses in the pond industry. You have heard them before – Sole Proprietor, Partnership, LLC, and Corporation. There are tax benefits/detriments to each of them. What will fitMore…
Ever wonder how you can improve and increase the credit for your business? Here is an in-depth article including nine steps on how to Establish Business Credit. Learn what trade credit is and four ways to get more of it.More…
