Can a business commingle funds in Jamestown, ND? Unless you like headaches, confusion and potential legal trouble, the answer is an unequivocal “no.” Many business owners—especially sole proprietors—are busy and overwhelmed, so they use their personal accounts for business purposes, or vice versa. While it might be understandable, it’s generally a terrible idea. Read on […]

What kind of business structure is the best choice for your company? When they have a successful small business, many owners decide incorporation is the next step. Not only does it help protect their personal finances (depending on the structure they choose), but it can also lessen their tax liability. What are the benefits of […]

Due to the outbreak of the novel coronavirus, COVID-19, millions of United States residents have been forced to shelter in place in recent months, and the result has been a tremendous downturn in the U.S. economy. As businesses in every sector of the economy struggle just to keep the lights on, however, there is a […]

The doubling of the standard deduction under the Tax Cuts and Jobs Act of 2017 has resulted in more people than ever forgoing itemization on their taxes and instead just opting for the larger standard deduction to simplify the process. However, there is still a decent portion of Americans who will itemize their taxes, meaning […]

Most Americans dread tax time, and none more so than those who expect to have to pay the IRS this year. A lot of people assume that if they don’t file, they can just “catch up” next year, no harm, no foul—but that couldn’t be further from the truth. The IRS wants to get paid, […]