The partnership issue An unincorporated business with your spouse is classified as a partnership for federal income tax purposes, unless you can avoid that treatment. Otherwise, you must file an annual partnership return, on Form 1065. In addition, you and your spouse must be issued separate Schedule K-1s, which allocate the partnership’s taxable income, deductions […]
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Planning your retirement savings options for your small business is much more simpler than you think. There are a couple of options to consider if you’re thinking about setting up a retirement plan for yourself and your employees. Despite concerns about the financial commitment and administrative burdens involved. Let’s take a look at a “simplified […]
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Did you know your business can attract or retain employees by offering education assistance benefits? One popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with financial assistance from their employers. One way to attract, retain and motivate employees is to provide education fringe benefits […]
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