Different Business Setups The most common business structures include sole proprietorships, partnerships, C corporations and S corporations. Limited liability companies, known as LLCs, are also widely used and are created under state law. Every option comes with different legal...
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The Pros and Cons of Working With Family Members Bringing family members into a small business can be both appealing and complicated. One of the most commonly cited benefits is trust. In businesses that handle large amounts of cash...
Don’t Rush Your Retirement Plan Rollover When you change employers, you typically have several options for your retirement savings: Leave the money where it is, roll it into an individual retirement account, move it into a new employer’s plan...
What’s the Deal With Business Records? Choosing the right recordkeeping system matters because you need a clear summary of every transaction your business makes. Most small-business owners keep this information in accounting journals and ledgers that reflect gross income...
Top Tax Scams for 2026 The IRS has released its annual “Dirty Dozen” list of tax scams to educate taxpayers about tax and finance fraud — especially identity theft schemes. The outreach effort reminds taxpayers, businesses and tax professionals...
The Costs of Owning a Home According to the American Community Survey by the U.S. Census Bureau, the median monthly ownership costs for U.S. homeowners with mortgages stood at $2,035 in 2024. That figure is up nearly 7% from...
Scam Alert: How To Spot Phishing, Smishing and Spoofing Phishing remains a major threat. In the second half of 2024, email-based phishing attacks surged by 202%. Alarmingly, most of these attacks used link-based tactics, and 80% of the malicious...
Know the Six Mortgage Loan Types When it comes to mortgages, you have choices. By doing research and working with professionals, you can find out what’s right for you. 30-year fixed-rateThe 30-year fixed-rate mortgage remains the most popular mortgage...
Are Children Still Dependents After They Turn 17? Each year, parents can claim a child tax credit for each of their children who is under 17. This is a valuable credit, worth up to $2,200 for each child 16...
Securing the Legacy of Your Small Business Creating an estate plan tailored to your business ensures continuity and financial security for everyone involved. Whether you want your family to continue building your legacy, your partners to buy your shares...