By Cliff Ennico With tax time once again upon us, it is time to give some thought to the agency we all love to hate this time of year – the Internal Revenue Service (IRS). While nobody likes paying taxes, and anyone who’s been through an IRS audit probably doesn’t have warm and fuzzy feelings […]
By Cliff Ennico By now you’re probably sick and tired of hearing about the Tax Cuts and Jobs Act of 2017. I know I am. Previous columns have dealt with the two biggest changes brought about by the law: The lowering of tax rates on regular or C corporations from up to 35 percent to […]
By Cliff Ennico A ton of ink has already been spilled about the 1100-page Tax Cuts and Jobs Act’s impact on small business, but the big question for most of my readers is: Should I change from my current legal entity to another to take advantage of the lower tax rates promised by the Act’s […]
By Cliff Ennico “My partner and I run a small software business that caters to a niche market. “Our customers (all businesses – we don’t sell to individuals) are located primarily in the United States and Canada, but we do have two corporate customers in the United Kingdom that account for less than 1 percent […]
By Cliff Ennico “I just started a limited liability company (LLC) with three partners. Our attorney drafted an Operating Agreement for us, but I’m a little confused by the buyout provisions he drafted. “The agreement says that if one of us dies, becomes disabled, or otherwise withdraws from the company, we have to buy his […]