Client Question of the Week: When should I incorporate my business?

Question: When should I incorporate my business? Answer: This week I had an appointment with the owner of a small trucking company who wanted to know if he should incorporate. He has been in business for about five years and has grown the company to about $700,000 in...

Client Question of the Week: Why Did the IRS Penalize Me 10 Percent for Sending Them a Check to Pay My Payroll Taxes?

Question: Why did the IRS penalize me 10 percent for sending them a check to pay my payroll taxes? Answer: Beginning January 1, 2011, the Treasury Department eliminated the system that processed the yellow coupon books (Form 8109) that most small business owners...