by Joan Buchman Miller | Jul 13, 2026 | Accounting, income tax
Tax problems can happen to even the most organized small business owners. A cash flow crunch, an unexpected tax notice, a missed filing deadline or a payroll tax oversight can be stressful — especially when penalties and interest begin to add up. Fortunately,...
by Joan Buchman Miller | Jul 6, 2026 | Accounting, income tax, tax planning
Small business owners must answer an important question: Should we use the cash or accrual accounting method for federal income tax purposes? Larger entities are required to use the accrual method. But certain small businesses can elect to use the cash method. You may...
by Joan Buchman Miller | Jun 30, 2026 | Accounting, income tax, LLC, S Corporation, tax planning
Start-ups must choose a legal entity for their business activities. The type of entity you select affects how the business is taxed and who may be held personally liable for its debts and obligations, among other things. Two popular options — assuming you’re going...
by Joan Buchman Miller | Jun 10, 2026 | Accounting, income tax, tax planning
If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick overview of the filing requirements for sole proprietors and independent contractors, and five examples of expense deductions that...
by Joan Buchman Miller | May 26, 2026 | Accounting
Some small business owners overlook Roth IRAs because they assume their income is too high for them to qualify to make Roth contributions. Others may think their current tax rate is higher than it will be in retirement, making current tax deductions more valuable than...
