disabled access credit

Business Tax Credits

Tax credits help your business save money by cutting your tax. Tax credits are especially beneficial to those in lower tax brackets. The key to utilizing these credits is understanding what tax credits your business may qualify for.

For a full list of possible business credits and their associated tax forms, click HERE. Otherwise, here are some more common credits available to you:

Disabled Access Credit

If you provide access to your business for people with disabilities, you could be eligible for a credit. This credit is applicable to the expenses incurred in making improvements to your business to increase access. The credit amount is up to 50 percent of the cost of your upgrades, but cannot exceed $10,000 per year.child care credit

Employer-Provided Child Care Credit

These days, child care costs are an exponential expense to your employees. Businesses who directly pay for the child care expenses of its employees can claim this credit. This credit is for up to 25 percent of childcare expenses, with a maximum of $150,000 per year.

Investment Credits

What does your business invest in? If you choose to invest in reforestation, building rehabilitation and alternative energy properties, you could receive a credit of 10 percent of these investments. This credit has a $10,000 per year limit.

Research Expenses Credit

This credit is in place to encourage domestic research and development. The calculation of this particular credit is less straight-forward, and the definition is broad. Generally speaking, the following activities may qualify your business for this credit: developing prototypes or models, streamlining internal processes, environmental testing, applying for patents, etc.research credit

Small Employer Pension Plan

You don’t have to be a big business to provide your employees with a pension plan. This credit applies to starting a pension plan for your employees. The credit is for up to 50 percent of setup costs, not to exceed $500 per year.

Work Opportunity Credit

If your business hires employees that have faced significant barriers to employment, you could qualify for this credit. Such individuals might include veterans, food stamp recipients or ex-felons. The credit amount is calculated based on the wages paid to these types of employees, but range from $1,200 to $9,600.electric vehicle credit

Electric Vehicle Credit

If you’re in the market for a new company vehicle, make it a car or truck that draws energy from a battery with at least 5 kilowatt hours of capacity. This hefty credit ranges from $2,500-$7,500 for qualified electric drive motor vehicles. The amount of the credit is largely determined by the battery capacity in excess of 5 kilowatt hours.

All of these potential credits should be discussed with your CPA to determine whether your business qualifies.

Read More

invoice

Interpreting Invoices

Whether you are sending or receiving invoices, it’s important to understand the terms and conditions being dictated by the invoice. So much of doing business between a buyer and seller is about meeting or exceeding expectations. This not only includes what you are expected to delivery as a seller to your buyer, but also what you expect in terms of payment from that buyer.invoice

If your business is sending out invoices, for services rendered or products sold, there are a few options that you can specify in your invoicing that will relate back to payment terms. Sending out an invoice is only the beginning of collecting monies due. Payment terms will keep your cash flow on a more predictable schedule. First and foremost, a key component of receiving your money faster is by invoicing as soon as possible. Pushing back your invoicing pushes back your payday.

In general, keep your invoice verbiage both professional and customized to your client. This means: address the client specifically, clearly and politely describe the invoice terms, and show them you appreciate their business. Invoice terms will typically include information about the accepted forms of payment, a due date for payment, and late-payment penalty details, if any. For late fees, an interest charge is better than a flat fee. Opt for an interest charge over a flat fee, and continue to tack on these fees the for each term the invoice continues to go unpaid (Example: a 30-day invoice would charge 1.5-2% interest every 30 days past the initial 30-day due date).

For a long time, 30 days were standard payment terms. However, as modern invoices are being sent electronically, with the ability for online payments, 30-day terms are becoming less common. Invoices can be sent faster, and payment can be received faster. By setting shorter payment terms, today’s invoices are being paid faster. On bigger bills you may want to provide some leniency, but in these cases, you might consider offering a discount for faster payment. By knowing your industry and your customers, you can usually determine the appropriate length of payment terms for your invoices. Invoice terminology has been studied, and it has been determined that “days to pay” is preferred to technical terminology like “net 30.”invoice payment

Additional ways to speed payment

  1. Avoid confusion between parties by discussing payment terms before delivering on your product or service.
  2. Follow up with clients on unpaid invoices. Invoicing software will often let you enable automatic reminders to be sent to clients.
  3. Be as detailed as possible about what you delivered or performed for your client, while keeping the invoice clear and easy to understand.
  4. Continue to follow up with clients who let a due date come and go. By email, phone and face-to-face, don’t allow debts to go unpaid.
  5. Create a policy for late fees.

Overall, the best invoicing system is one that is streamlined and efficient. Modern software has helped this process, allowing for electronic invoicing, reminders and easy online payments for customers. Have templates and systems in place that allow you to cut down the time you’re spending on creating, sending, and chasing invoices.

Read More

c-suite

Outsourcing C-Suite Roles

Increased technology has allowed the outsourcing of many business roles, but could this also include your C-suite, or leadership, roles? This is becoming especially common for the CFO (chief financial officer) and CMO (chief marketing officer) positions. Less common roles, like chief investment officers or chief information security officers, may be outsourced as well if they are required for the company’s operations. Companies today can hire for these roles on a part-time or fractional basis.c-suite

With the modern ability to work remotely, individuals in these roles have the ability to work for multiple clients from one source. Traditionally, companies have had numerous layers of management. But with the growth of information technology and increased automation, companies today are able to operate under a leaner structure.

Is it right for your company?

The companies benefiting the most from this trend of part-time executives are small and mid-sized companies. They can tap into the expertise and leadership of these executives without paying for a full-time role they can’t afford and realistically, don’t require for business operations. Cyclical or seasonal operations can produce long lulls for some of these roles, so it’s more cost-effective to pay a more qualified part-time executive than a less experienced, full-time executive.

The alternativec-suite

A small business owner’s first instinct is to not hire for the role at all, but instead, to try to take on some of the tasks in addition to their ownership and leadership roles. We caution, however, that this can end up being a more time-consuming, and less cost-effective, solution. Owners are already being pulled in numerous directions. Adding these additional roles to your plate, for the sake of saving some money, can lead to long-term costs from mistakes and errors that may be incurred by novice work.

Rather than take on these roles yourself, consider outsourcing as a solution for filling these roles with part-time, qualified candidates.

Read More

summer work

Summer Success Strategies for Small Businesses

Memorial Day has come and gone, and whatever weather your June finds you in, summer is here. What does that mean for your small business? For some, it might mean a slower time in the office, but for others, it’s a time to capitalize on their seasonal business income influx. Regardless of your specific situation, everyone can make the most of their summer by taking notice of the goals and projects that are important to year-round business success.summer bench

Utilizing downtime

Do your employees take the kids on vacation and hit the river or lake in the summer? Are there fewer clicks on your website and social media pages? Get productive during this downtime, and set a few summer goals for your business. Improve operations that your company struggled with during a different time of the year or tackle a project that’s been on the back burner. Declutter, streamline, and generally improve your business and its systems.

On the flipside, does your business peak during the summer months? Perhaps you’re in the field of lawn and garden products, pool systems or air conditioning services? Evaluate your staffing needs so you aren’t surprised by a leap in demand. Capitalize on the business increase with employee incentive plans.grass laptop

Improve your business

If you haven’t already, get your business a mobile website that is optimized for search engine functionality. Get your business up and running on all the applicable social media platforms as well. While the clicks are down in summer, streamline these digital processes to make real-time engagement with your followers easier during the busier months.

Take this time to target your top prospects. If it’s a season for focus in your realm, it just might be their time to consider new offers as well. Use this period to plan for the rest of the year, especially for a big fall marketing plan push prior to the holiday season. Foresight in your planning will take some of the stress out of managing your small business. Is it time for a new look—for your office or your brand? Summer is a great time to work on rebranding anything and everything from your office space to your marketing materials.minneapolis summer

Increase employee productivity

Don’t let productivity slump this summer season. Gather employees and use the extra time on your hands to reconnect and get feedback. Host an employee appreciation party or campaign to encourage employees to continue to stay busy during the slow times. Offer an incentive for increased productivity with an employee promotion campaign. In companies where sales are a key component, offer an extra incentive for increased sales during the summer, much like you would during the holiday season.

Read More

bookkeeping

Should I Hire a Bookkeeper?

When you’re running a business, determining where to spend your money can be a difficult decision. All businesses, but especially small businesses, look to make informed decisions on expenditures. With the growth of technology and software, some small business owners are opting to save money by doing their own bookkeeping. But is this option for everyone? No. Consider the pros and cons of diving into performing your business’s bookkeeping duties before you consider yourself a savvy spender.bookkeeping

CPAs vs bookkeepers

There are numerous functional differences between the roles and responsibilities of CPAs versus bookkeepers. While the two often work closely together to fulfill client needs, they are not interchangeable. Bookkeepers manage the day-to-day financial operations of the business. This includes recording all types of transactions related to money moving in and out of the company. This role also usually encompasses invoicing, bill paying and payroll processing. Additionally, bookkeepers prepare reports, both monthly and yearly, to provide a clear picture of the business’s financial standing.

CPAs, on the other hand, are accountants that have passed the certification requirements of their state’s accounting board. This certification outlines the minimums on education and experience before these accountants can perform their role of advising business owners and preparing financial statements. An accountant will utilize the reports prepared by a bookkeeper to interpret the immediate and projected financial health of the business, as well as advise owners on financial decisions. CPAs are required to stay up-to-date on the latest laws and regulations that affect your businesses finances.bookkeeping

Bookkeeping applications

Accounting software cannot replace the knowledge and experience of your CPA. However, some businesses are seeking to replace their bookkeepers with modern bookkeeping technology. These computer applications aim to automate your financial processes, and the best versions do so by connecting the software to your business’s bank account and credit cards. When choosing a software, it’s also important to find a system that is capable of generating necessary financial reports. Both Quickbooks Online from Intuit and Xero are ranked high as software for small business accounting and bookkeeping. FreshBooks and Zoho Books are also in the top rankings, although FreshBooks is best for freelancers because of its strong invoicing tools and Zoho is best for really small businesses. All have monthly plans that are similar in price.bookkeeping

Considerations

Be cautious about that sticker price and take it at face value. While these automated tools may seem like simple, cheaper solutions than hiring a bookkeeper, there are some variables to consider. First, not all of these applications are easy to use or quick to learn. What is your time worth? Most business owners have a full plate of duties and responsibilities, so adding bookkeeping to that agenda can be a taxing endeavor. In which case, it may pay more dividends to enlist an expert. The money that automated bookkeeping services may save you could be eaten up by the time that it costs you to become familiar with it. These programs, while automated, are not one hundred percent reliable. There may be occasional downtime for updates and maintenance to the program. Also, it can difficult to know all the functions you will require from software when you start out doing your own bookkeeping, and customer service for these platforms is not created equal. Don’t jump into this decision lightly, and consider the pros and cons for yourself and your business by trying to tackle the task of doing your own bookkeeping.

Read More

boss

Employees vs. Independent Contractors

What is the business relationship between you and the people who do work for you? Are they employees or independent contractors? The implications of these scenarios can have big effects on your business operations, especially for small businesses. The two are very different working relationships, and incorrectly classifying your workers will likely lead to repercussions with the IRS.employees

Employees

Employees provide services for an employer. They are under an implied or express contract of hire, and this contract allows the employer to determine the details of work performance. The IRS determines whether an individual is an employee or contractor based on degrees of control and independence in the working relationship. Under common-law rules, “anyone who performs services for you is your employee if you can control what will be done and how it will be done.” Employees will fill out a Form W2, while an independent contractor completes a 1099-MISC. The default classification for workers is W2 employees.

Pros

Employers have complete control and direction over an employee’s work and wages or salary during their work time. This means, they determine training, job requirements and responsibilities for the position. Full-time employees perform 30 or more hours of work for you per week. Less than 30 would qualify the worker as a part-time employee. Generally, employees have an ongoing commitment to you and your business. Employees enjoy job security, and the lack of job security for freelancers usually leads them to charge more per job. Tasks can be permanently delegated to your employees, while freelancers have no obligation to be on call for you or your business.

Cons

There are laws and regulations you must uphold, being in charge of employees. These are required by both the state and federal government, and include regulations related to pay, overtime and other work rules. In the tax realm, if you have employees, your business is required to comply with payroll tax requirements. This includes paying half of Social Security and Medicare taxes, and collecting the other half from the employee. You are also responsible for paying unemployment insurance and worker’s compensation insurance. The added overhead of these expenses is often what drives employers to misleadingly employ independent contractors. While you are not required to offer benefits like health care and vacation time, full time employees will often expect these fringe benefits.

Independent Contractors

The IRS qualifies independent contractors in the following way: “The general rule is that an individual is an independent contractor if the payer has the right to control or direct only the result of the work and not what will be done and how it will be done.” Here, the other party is self-employed, so the two parties are acting in a working relationship between two businesses, where one is providing a service to the other. When you hire an independent contractor, you can assign duties or projects, with an imposed deadline, but you cannot dictate how the job is completed. Thus, most independent contractors are hired with a contract that provides a defined period of employment, with the option to renew as many times as needed.contractor

Pros

Independent contractors can complete work and projects for multiple employers, but often provide their own tools for completing the job. They are ideal for smaller, as-needed projects for your business. As a whole, small business owners prefer to hire as-needed freelance work. Pay is usually hourly or outlined in a contract, and you are not held to a salary. Besides being responsible for their own taxes, contractors are also responsible for their own permits and professional licenses, if needed for the task.

Cons

Independent contractors are entitled to set their own hours of work. There are very little tax responsibilities you will be held to for independent contractors you hire. You will report any contractor’s income on a form 1099-MISC, but, as the hiring agent, you do not have to withhold any taxes from your payments to a contractor. However, contractors have no responsibility to you or your company, in terms of loyalty. They are free to take on work on a first term, first serve basis. In addition, they work under their own brand, not your company’s.

The difference

If the work required needs to be completed under your supervision or you have control over the tools and equipment used to complete the work, then you are hiring an employee. Also, if the work is long-term or essential to your business, you are employing an employee, not an independent contractor. If the work is not essential to your business operations, is short-term and can be done without supervision, then hiring an independent contractor is applicable.

Misclassifications

If the IRS believes you are misclassifying your workers, it may be cause for an audit. If you incorrectly classify an employee as an independent contractor, you could be liable for unpaid employment taxes. Workers who feel they have been misclassified can file Form 8819, Uncollected Social Security and Medicare Tax on Wages for the entire duration of their compensation period. If you are still having trouble deciding which category your workers fall into, file Form SS-8 with the IRS: Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding.

Read More

ben franklin

Tax Day | A Brief History

Today’s the day: tax day, April 15. This day is as much ritual to our country as national holidays. However, despite the ceremonious processes that accompany it, it’s more of an anti-holiday in the eyes of most taxpayers. Some years, tax day shifts slightly to accommodate Emancipation Day (a holiday in the District of Columbia), but for the most part, falls on April 15 if the date doesn’t fall on a weekend. So how did April 15 become the deadline for settling our debts to the government?  We bring you a brief history of Tax Day.we the people

The 16th Amendment to the Constitution, ratified in 1913, established the right of the federal government to directly tax individuals. This Amendment was adopted on February 3, 1913, so Congress opted for March 1 of 1914 to be the first filing deadline. However, this amendment didn’t impose an income tax—that arrived with the passage of the Revenue Act of 1913 on October 3, 1913. This act stipulated that individuals with an annual income exceeding $3,000 for single filers or $4,000 for married couples were required to file a return. Those numbers sure have changed!

The new deadline became March 15 when the Revenue Act of 1918 was passed, giving taxpayers a couple extra weeks to gather their tax materials. It wasn’t until 1955 that the Internal Revenue Code of 1954 established April 15 as the new deadline. The explanation for the change was to help taxpayers as the tax laws became more complex and convoluted. House Ways and Means Committee Chair, Daniel A. Reed, expressed that this extra month would also help accountants, tax preparers and the IRS spread out their tax season workload. Another theory arose: that as the income tax applied to more of the middle class the government was issuing more refunds, and the extension of the deadline allowed the government to otherwise utilize those funds longer.taxes

Interestingly, the previous deadline of March 15 symbolically corresponded with the Ides of March—a date on the Roman calendar that served as a deadline for settling debts. As Benjamin Franklin famously said, “In this world nothing can be said to be certain, except death and taxes.” While he wasn’t referring to federal incomes taxes at the time, it’s a fitting sentiment. Taxes are woven into the fabric of our country from their establishment in the Constitution. While today may not feel like a holiday to you, tomorrow is a holiday of sorts for your CPA. Congratulations to you and your CPA on surviving another tax season.

Read More

business

Business Structure: Tax Implications

This post marks part three of our blog series debunking the business structure selection process. Today, we look at the tax implications of the structure you select. Perhaps less of an influence on your decision-making process and more an effect of the choice you’ve made, keep these items in mind this tax season and beyond. 

In a sole proprietorship situation, your business and personal taxes will not be separate because your sole proprietorship income is your income. Think of it as one income with one return. The business will not need to file its own return. This does allow you to receive the lowest tax rates of any of the business structures. Filing will involve a Schedule C (to report profits and losses) and the Form 1040 usually involved in your personal return. All profits will be taxed in the year they are earned. First-timers should prepare themselves to pay self-employment taxes. This means you are solely responsible for your social security and Medicare contributions. partner

Similarly, in a partnership arrangement, the partners will need to pay taxes on their share of profits from the business, even if that money is staying in the business. Like a sole proprietorship, an LLC is a pass-through entity. In this situation, Schedule K-1 of Form 1065 will be critical to filing.  Again, self-employment taxes will come into play on your personal return.

On the federal level, taxation of Limited Liability Companies will treat the business as either a corporation, partnership or disregarded entity. If there are two or more owners, the LLC will be taxed like a partnership: with pass-through taxation, and taxes paid on the personal tax returns of its owners rather than at a business level. If the LLC has only one member, it will be treated as an entity separate from its owner. In either case, if the LLC files Form 8832 it will affirmatively elect to be treated as a corporation. However, LLCs also have variable state tax implications based on your individual state.

Although a cooperative operates as a corporation, its operations pass-through income to its members. As we’ve seen in previous examples, this means the individual members will pay taxes on their cooperative gains when they file their personal returns. Certain cooperatives do obtain tax-exempt status. Based on these variables, tax forms for cooperatives may require 1099-PATR or 3491 Consume Cooperative Exemption Application. team

Electing to structure your business as a corporation will make it a separate legal entity from its owners. These entities will file taxes with a Form 1120 or 1120S. The primary difference between the two main types: S-Corps and C-Corps, is the tax implications.

S-Corps receive some tax savings compared to their C-Corp counterpart. Owners treat taxes on income as they would for a partnership or sole proprietorship. Shareholders are taxed on the dividends they are paid. Any remaining income is paid to owners as a distribution and thus taxed at a lower rate. Businesses might not elect to be a S-Corp because they have too many shareholders (there’s a 100 shareholder limit) or because they want to keep money in the business, a benefit to the C-Corp structure.

Corporate taxes are often lower than personal taxes, but C-Corps can incur double taxation. First, the corporation is taxed when it makes a profit. Second, these same funds are taxed when dividends are paid to shareholders or when owners draw a salary. Then again, owners will not be taxed personally if the money remains in the business.  

 

Read More

colleagues

Business Structures: Ownership and Liability Differences

The most common differences in business structures are ownership, liability and tax considerations. When it comes to liability, it’s important to consider where you, as an owner, could personally afford liability risks. Protecting personal assets is a key reason people incorporate their business, and while some structures are easier to form than others, it can be difficult to change your entity’s structure down the line, so avoid restricting your business’s ability to grow in your selection.

Sole Proprietorship: Sole proprietorships are simplest to form, and if you don’t register your business as another entity, you’ll automatically be considered a sole proprietorship. Owned by one individual, this structure comes with the greatest personal liability. As the business grows, your personal liability will increase. Therefore, this structure is best for lower risk businesses. Also consider that it is difficult to obtain outside funding for sole proprietorships.

Partnerships: Partnerships are owned by two or more people. The partners will share in any profits, losses and decision-making responsibilities. These entities require an operating agreement that outlines the roles of its owners and the percentage of profits they each receive. Consider that you will be held liable for both decisions you make, and those made by other owners. Funding for these entities will generally come from the personal accounts of its owners, their personal credit or by taking on more partners.board room

Limited Liability Company (LLC): Forming an LLC protects you from personal liability if you don’t act in a manner that is in any way illegal, unethical or irresponsible when carrying out business activities. Personal assets and company assets are deemed separate under this entity. This structure is great for medium-high risk businesses and owners with a lot of personal assets they want to protect.

Corporation: Incorporating your business makes it a separate entity from its owners. That entity can be sued, own and sell property, and sell ownership rights in the form of stocks. No individual owner has sole or primary control. Instead, most corporations have a Board of Directors to answer to. More specifics apply depending on the type of corporation…

C Corp: C-corps are ideal for medium-high risk businesses, businesses that need to raise outside funds and businesses that intend to go public or eventually be sold. As you can see, forecasting where you would like to see your business go or grow into, is important to many of these considerations.

S Corp: S-Corps are intended for smaller corporations. There can be no more than 100 owners, and all must be United States citizens.

B Corp: B-Corps differ from other types of corporation in purpose, accountability and transparency. In some states, B-Corps are required to submit annual benefit reports to demonstrate that they are indeed contributing to the public good.

Closed Corporations: Closed corporations are similar to B-Corporations. However, these generally smaller companies are usually barred from public trading.high rise

For a more simplified depiction of this breakdown, reference the following table:

Business structure Ownership Liability Taxes
Sole proprietorship One person Unlimited personal liability Personal tax only
Partnerships Two or more people Unlimited personal liability unless structured as a limited partnership Self-employment tax (except for limited partners)

Personal tax

Limited liability company (LLC) One or more people Owners are not personally liable Self-employment tax

Personal tax or corporate tax

Corporation – C corp One or more people Owners are not personally liable Corporate tax
Corporation – S corp One or more people, but no more than 100, and all must be U.S. citizens Owners are not personally liable Personal tax
Corporation – B corp One or more people Owners are not personally liable Corporate tax
Corporation – Nonprofit One or more people Owners are not personally liable Tax-exempt, but corporate profits can’t be distributed

 

Later this week, we’ll delve into the tax differences and implications of each of these business structures.

Read More

minneapolis

Choosing a Business Structure: Types of Entities

You’re starting your own business, but what type of legal entity will you establish for the business? It can be difficult to balance the advantages and disadvantages of these structures. So let’s review the options and simplify those considerations:

Sole proprietorship:

A sole proprietorship is the simplest form of business entity. In this scenario, one person is responsible for the company, its profits and its debts. The most common way to structure your business, it is easy to form and gives complete managerial control to the owner. At the same time, the owner is then personally liable for all financial obligations to the business.

open sign

Partnership:

When the entity is owned by two or more individuals, it is a partnership. The partners agree to share in both the profits and losses of the business. These profits and losses are reported on the partners’ individual tax returns. However, each partner is still personally liable for the financial obligations of the business.

  1. Limited partnerships (LP): when one general partner has unlimited liability, and the other partners have limited liability. The limited liability partners also tend to have a limit on their controls over the company, as documented in a partnership agreement.
  2. Limited liability partnerships (LLP): limited liability is given to all owners of the company. An LLP protects partners from the partnership’s debts, so they are not responsible for the actions of their partners.

Limited liability company (LLC):

This business structure is a hybrid that limits personal liability for its owners, partners or shareholders, while enjoying the tax and flexibility benefits of a partnership. Therefore, personal assets will not be at risk if the LLC faces bankruptcy or lawsuits.

conference room

Corporation:

Corporations are viewed as entities that are separate from their owners. Therefore, a corporation has legal rights that are independent of its owners. Corporations come in five different types:

  1. C Corporations: these legal entities are separate from their owners. Therefore, they make profits, are taxed and can be held legally liable. Shareholders are provided with strong protection against personal liability, and the departure of a shareholder or sale of stock doesn’t disturb the continuation of business by the C Corporations.
  2. S Corporations: much like partnerships or LLCs, owners have limited liability protections and avoid double taxation by passing profits and some losses directly to the owners’ personal income while avoiding corporate tax rates. There are special limits on S Corporations.
  3. B Corporations: benefit corporations are driven by mission and profit. So while they service society in some way, they maintain a for-profit structure.
  4. Closed corporations: traditionally smaller companies with an informal corporate structure, closed corporations do not participate in public trading and are typically run by a few shareholders without a board of directors.
  5. Nonprofit corporations: organized for the purpose of charity, education, religious, literary or scientific works. As benefits to the public, they are tax-exempt.

Cooperative:

Cooperatives are owned and operated for the benefit of those using its services. Cooperatives are generally run by an elected board of directors or officers, while regular members have voting power to contribute to the direction of the cooperative. Members join by purchasing shares, but the amount of shares they hold does not increase or decrease the weight of their votes.

In our next blog, we will dive deeper into the advantages and disadvantages of these structures, and the tax implications of each. Visit the Simma Flottemesch & Orenstein blog to follow along.

Read More