Reading The Tea Leaves of Taxation
November 23, 2020Oh Crystal Ball Help us Deduce the Tea Leaves of Taxation Over the past few weeks, I have watched several webinars, and read countless articles, on taxation. They drone on about what may or may not happen to tax rates and deductions in the near future. At first, there was great debate about the presidential… Read more »
Revisiting the SECURE Act
November 23, 2020Let’s Review the SECURE Act By: Elizabeth Morataya The Setting Every Community Up for Retirement Enhancement Act or better known as the SECURE Act (the “Act”) was signed into law by President Trump on December 20, 2019. Most changes under this Act went into effect on January 1, 2020, which did not leave a great… Read more »
Starting a New Small Business in Chicago
November 13, 2020Taking a Chance on Starting a New Small Business in Chicago It is always the desire of many people to start their own businesses. However, starting a new small business in Chicago has its challenges. It is important to note that there are several things that come into play. For example, factors such as liability protection,… Read more »
A step by step guide to closing your business
October 16, 2020Starting a business often involves several steps. However, most people don’t understand what steps to take when it comes to closing their businesses. Although employees are always made aware of the closures, customers are usually caught unawares. There are legal steps that all businesses need to follow if they want to wind up their operations…. Read more »
If I’m Single, Do I Need a Will?
September 18, 2020Do I need a Will if I a single? The easy is answer is yes-you need a will. Everyone needs a will regardless of marital status. Most single people should have a will. A will can help you determine who will get your property (including your home, business, pets, and digital assets), name guardians… Read more »
A Business from Your Passion or Talent is a Possibility
September 04, 2020Can you Grow a Business from Your Passion? Do you know that your hobby can become an income-generating project? Regardless of what you love doing, you can turn it into a profitable business either on a full-time or part-time basis. The operation of an enterprise calls for a combination of skills for it to be… Read more »
What Are the Steps to Contesting a Will?
August 21, 2020Contesting a Will-the “How To” A will is a reflection of the intentions of a testator. However, where someone has reasons to believe that the contents of the will don’t reflect the decedent’s true intentions, then such a person can raise a contention. Contesting a will is an option. Suppose you have plans of contesting… Read more »
How to Structure a Merge for Your Business
August 07, 2020Structure a Merge for Your Business Any aggressive business person intends to grow their business to reach a wider range of customers and potential customers. The creation of a merger is among the renowned ways for business growth, especially for small businesses. However, whereas a merger can come with bigger plant size, market share, diversification… Read more »
Registering Your Business For Federal Taxes: What to Do First
July 24, 2020First Steps in Registering Your Business For Federal Taxes When you start a business, the first thing that you need to do is to register it with the state and the federal government for tax purposes. When registering your business you must make sure that all of your information is accurate and complete, it is… Read more »
Why You Need a Lawyer for IRS Tax Court
July 10, 2020Going to IRS Tax Court-You Should Have a Lawyer Whether you owe money for past taxes or you are having other issues dealing with the IRS, you could have to appear in IRS tax court. This can be an intimidating time because of the number of people in the court and because of the government… Read more »