Yearend Tax Planning

As the end of the year draws near, small business owners need to review their tax-planning strategies.  It is important to understand what tax planning strategies you can still take advantage of, both personally and on the business side, before the end of the calendar year. Given that so many small businesses are organized as […]

Does My Business Need an Employer Identification Number (EIN)?

The purpose of an employer identification number (EIN) — also known as a taxpayer identification number, or TIN — is to allow the IRS to track wages and other payments from your business to the business’s employees and owners. An EIN is also helpful in establishing a business bank account that’s separate from your personal […]