Owning a business is both exciting and intimidating.
With SCORE, you have lots of support. Browse these tools and find resources to help you make decisions on starting or growing your enterprise. Your SCORE mentor can assist in putting your ideas into action.
Congress recently passed the “Tax Cuts and Jobs Act” which impacts both individuals and businesses. Learn what are the two important changes in 2018 that will affect every business owner in the United States.
For many entrepreneurs, travel and entertainment (T&E) tax deductions can be a minefield. Certain expenses for business travel are deductible as long as they meet two criteria: They must be “ordinary and necessary” in the course of doing business, and they must be documented.
Although the ongoing efforts of Congress to repeal the Affordable Care Act (ACA) has cast doubt on the controversial law’s future, the IRS’ stance is clear. At the close of 2017, the Affordable Care Act still stands – and the IRS has sophisticated support systems in place to fully enforce it.
Staying on top of complex and continual changing HR regulations is challenging, but a self-audit can help you avoid costly lawsuits or penalties due to non-compliance or misconduct. Here are three specific HR areas you should include in your audit based on recent trends.
If you run your business as a sole proprietor, you may need to pay estimated taxes to the IRS throughout the year. Read more
Are you completely confident you're correctly classifying workers as independent contractors? Read more
As one of the most desirable employee benefits, a retirement plan can help you attract and retain a higher caliber of employees. Read more
If your business is an activity that many people enjoy as a hobby – for example, making jewelry, painting oil portraits or playing in a cover band — and isn't consistently profitable, there can be a fine line between "hobby" and "business."
Since where you incorporate can have real ramifications for your company, let’s look at some of the myths and realities of out-of-state incorporation.
The moment you dreaded is here: The IRS is going to audit your home-based business. Will the IRS disallow your home-office deduction? Before you panic, take the following steps. Read more