Sole proprietor and partnership PPP tax rules get complicated. A sole proprietor who uses her or his PPP loan money to pay the owner probably … [Read more...] about Sole Proprietor and Partnership PPP Tax Rules
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Small Business Survival Guide to Corona Virus Crisis
A blog reader reached out last week, suggesting I offer up some advice to small business owners. She pointed out the print books I’ve written (like … [Read more...] about Small Business Survival Guide to Corona Virus Crisis
Mattis’ Management Principles Apply to Small Businesses
So, I just read James Mattis’ new book, "Call Sign Chaos." And the former Secretary of Defense's story prompts a couple of thoughts, one short and one … [Read more...] about Mattis’ Management Principles Apply to Small Businesses
Section 1202 Qualified Small Business Stock Exclusion
Are you a small business owner who wants to sell your firm? Do you operate as a "C" corporation? You definitely want to know how Section 1202 … [Read more...] about Section 1202 Qualified Small Business Stock Exclusion
Section 962 Election: An Answer to GILTI?
As you probably know if you’re reading this blog post, many investors and entrepreneurs with an international footprint face a painful new tax, the … [Read more...] about Section 962 Election: An Answer to GILTI?
Preparing U.S. Tax Returns for International Taxpayers
Need to learn how to prepare U.S. tax returns for international taxpayers? For example, do you need to report the Section 965 transition tax? Or the … [Read more...] about Preparing U.S. Tax Returns for International Taxpayers
Section 199A Rental Property Trade or Business Definition
Section 199A potentially gives real estate investors a deduction equal to 20% of their rental income. Some real estate investor with, say, $100,000 … [Read more...] about Section 199A Rental Property Trade or Business Definition
Section 965 Transition Tax, IRS Pub 5292 and the Great Goat Rodeo
Most of the time, this blog addresses subjects of general interest to most small business owners. But this week, I want to talk about the Section 965 … [Read more...] about Section 965 Transition Tax, IRS Pub 5292 and the Great Goat Rodeo
IRS Wealth Statistics Paint Fascinating Picture of Top One Percent
IRS wealth statistics paint a fascinating picture of the wealthiest Americans—but oddly a picture that diverges from what the mainstream media … [Read more...] about IRS Wealth Statistics Paint Fascinating Picture of Top One Percent
Small Business Power Law Dynamics: Secret to Jacking Profitability?
Peter Theil, in his provocative book Zero to One, talks about the power law dynamics you want to get “going” if you’re an entrepreneur working in … [Read more...] about Small Business Power Law Dynamics: Secret to Jacking Profitability?