Monday’s Afternoon Update – Florida Trend

State appeals in workplace training battle Gov. Ron DeSantis and Attorney General Ashley Moody are appealing a federal judge’s ruling that blocked part of a new state law that placed restrictions on how race-related issues can be addressed in workplace training — a law DeSantis dubbed the “Stop WOKE Act.” Chief US District Judge Mark … Read more

Founding Moms provides practical advice to female entrepreneurs

Twelve years ago, Jill Salzman was a mom and entrepreneur who needed help. In seeking it, she accidentally launched a business. Salzman, who was pregnant with her second child at the time, managed bands and sold baby jewelry while also caring for her toddler. Overwhelmed by running the businesses and caring for her family, she … Read more

Is it time to revisit C corporations for your small business clients?

For more than a decade, I (and probably you too) have typically advised small businesses to opt for a Limited Liability Company over a C corporation due to its ease of administration and tax advantages. However, the 2017 Tax Cuts and Jobs Act now creates the opportunity for big tax savings for C corporations and … Read more

What are the potential tax advantages of the LLC, C corp and S corp?

As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity. It’s important to communicate those considerations to your clients to help guide them as they decide which legal business structure to form for their company. In addition to your insight, of course, your clients should also … Read more

Do Chapter Sub S Corps File Personal Tax Returns?

For information on the third coronavirus relief package, please visit our “American Rescue Plan: What Does it Mean for You and a Third Stimulus Check” blog post. For tax purposes, an S corporation is somewhat of a hybrid entity that has characteristics of both a corporation and a partnership. Although it operates as a corporation, … Read more

Limited liability companies should consider C corporation tax elections

How does a limited liability company get taxed by the IRS? What nuances and options exist? Many entrepreneurs wonder about considerations like these when deciding on a business structure for their startups. So, it’s likely you have been — or will be — on the receiving end of those questions from your clients. By default, … Read more

NFIB: Small Businesses See Some Optimism for the Economy Room for Continued Concern Over Inflation | Economy

Small business owners expressed slightly better hopes for their firms over the next six months while also continuing to show concern over inflation, according to the July monthly survey from NFIB released on Tuesday. The small-business organization said its small business optimism rose 0.4 points last month to 89.9, although it remains below the long-term … Read more

Marketing firm purchases west side GR office as in-person work returns

GRAND RAPIDS — Marketing agency 1 Bold Step LLC has a small office building on Grand Rapids’ west side as company purchased executives gradually return to more in-person work. The Grand Rapids-based marketing firm purchased the building at 1255 Front Ave. NW for $575,000 on June 29 from CK & Co Media Production, doing business … Read more

Why Meta and Mark Zuckerberg are betting big on Whatsapp for business

Facebook’s new rebrand logo Meta is seen on smartpone in front of displayed logo of Facebook, Messenger, Intagram, Whatsapp and Oculus in this illustration picture taken October 28, 2021. Dado Ruvic | Reuters WhatsApp is already widely popular with US consumers. Now Meta Platforms is turning more attention to building its small business base. The … Read more

Meet The Company Selling Insurance Against Bear Markets, How Bill Gates-Backed Republic Services Turns Trash Into Big Cash And More For Small Business Owners

Inflation continues to hit small businesses hard. Some 85% of small business owners surveyed expressed concern about inflation, while 67% have raised prices in response to inflation, according to data from MetLife and the US Chamber of Commerce. While fears of a recession have been lingering for some time, Forbes contributor Rohit Arora writes that … Read more