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Roth IRA Distribution Rules

A client who wants to purchase a business asked our firm about the distribution rules for Roth IRAs. Seems he and his wife have Roth IRAs and would like to use the funds from those investments to purchase a business. So, what are the rules for Roth IRA...

Independent Contrator or Employee?

It is critical that business owners correctly classify the individuals who provide services to their company as employees or independent contractors.  The business must withhold income taxes, pay and withhold Social Security and Medicare taxes, and pay...

2012 Year End Tips for Small Businesses

Although we are not sure what Congress will do in 2013, here are a couple of tax saving suggestions small business owners would be wise to consider. Acquiring depreciable assets If you have been considering acquiring additional equipment, you should do so before year...