Many business owners agonize over corporate entity selection, brand identity, and marketing strategy, then check the box for “calendar year” on a tax form without a second thought. Yet, this single decision dictates how they report income, manage…
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Selling a business can be one of the most significant events of your lifetime, representing the culmination of years, or even decades, of sacrifice, risk, and hard work. Getting it right has significant implications for you, your family, and your fut…
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Starting a business is an exciting journey. One of the first decisions new business owners need to make is choosing the right business structure. This choice will impact your taxes, personal liability, management responsibilities, and even how you ca…
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More and more businesses are “going green”—operating in a way that’s better for the environment. Going green not only benefits the planet, it can also be good for business; many people prefer to do business with environmentally-conscious comp…
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Some of us are old enough to remember a time when, if you wanted to buy something, you had to leave your home and go to a store (or order it from a catalog and wait weeks for it to arrive). But for the last few decades, and especially the last few ye…
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If you own a business, you know that any interruption of your operation affects your revenue. But how does temporarily closing a business affect taxes? A closure for a day or so, such as for a brief illness or power outage, might not have much of an…
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When people think of starting a business, they typically look forward to creating and selling a useful product, providing a needed service, interacting with customers or clients, and creating jobs in their community. No one daydreams about sitting at…
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For many business owners and organization leaders, tax preparation and filing is a necessary, but often dreaded, chore. Depending on the complexity of tax issues, filing and preparation can even distract from the operation of the business or organiza…
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Tax planning is a critical part of maintaining the financial health of a business. By taking advantage of available business tax write-offs, you can minimize your company’s tax burden and potentially save thousands of dollars. Most small business o…
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If you are a vendor of most goods and many services who has physical or economic nexus in Ohio, you are required to collect and file sales tax. What exactly does it mean to have “nexus” in a state? Physical nexus means that you have enough of a p…
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