No doubt it’s a tough time for everyone. Millions are unemployed, thousands have died and thousands more have contracted Coronavirus. In these circumstances, businesses are struggling. There isn’t a manual or business school course on how to weather a pandemic....
The coronavirus pandemic (“COVID-19”) moved the deadline for filing your federal tax return to July 15 and many states, including Louisiana, matched that deadline for filing state returns. But tax returns are being filed at a slower rate than previous...
As every businessman and most Americans probably know, the 2017 Tax Cuts and Jobs Act (TCJA) made sweeping changes to the U.S. Tax Code. This act made extensive taxation changes that affect individuals and businesses. Included were corporate tax rates, business meals...
Ed Koch, the outspoken former mayor of New York, reportedly walked the streets of the city asking, “How am I doing?” As a business owner, you want the same kind of insights for your enterprise: “How is my business doing?” The Income Statement...
Closing a business is never an easy decision, but the speed in which it can occur depends on your tactics. If you are a sole proprietor, you could close up shop without consulting any other parties. That’s not necessarily the wisest move, especially if you value...
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