The Business Net - Business Coaching - Accounting

Doing Business in the 21st Century Electronic World

Benefits and Dangers to Businesses and Taxpayers

Upgrade Your Business Document Processing Procedures

To Have Real Time:

Business Accounting
Total Accuracy
Document Processing
Virtual Filing

How We Are Impacted by "Big Data" and the Capabilities of Computer Access to That Information

“Big Data” is actually the total accumulation of information on the world wide web. This information is from all kinds of interactions between businesses, governmental entities, and individuals; including documents filed with governmental agencies (i.e. the IRS, the Securities and Exchange agency, etc.), information exchanged between businesses in the same industry (i.e. insurance companies, marketing companies, etc.) and even personal and business e-mails.

What is "Reasonable Compensation"?

Reasonable Compensation is a current high priority issue for the IRS concerning all corporations, especially S corporations

Wage Compensation for Corporation Officers

Corporate officers are specifically included within the definition of employee for FICA (Federal Insurance Contribution Tax Act), FUTA (Federal Unemployment Tax Act), and federal income tax withholding under the Internal Revenue Code. When corporate officers perform services for the corporation, and receive or are entitled to receive payments, their compensation is generally considered wages. Sub-chapter S corporations should treat payments for services to officers as wages, and not as distributions of cash and property or loans to shareholder or limited liability company members.

What You Need to Know When Your Business Needs Workers

Using other people to operate your money machine.

When your business needs other people's time and efforts, you will be subject to a whole range of rules, laws and forms to file. Compliance with these rules, laws and proper filing of forms will save you much trouble in the future.

Business Help

Tax Help

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