Avoid That Dreaded Letter from the IRS

6 ways to lower the chances of an audit of your business tax return Business owners dread getting an audit notice from the IRS. It causes immense stress that investigators will find something that results in you having to pay a penalty – or worse. However, are you aware of the things you can do…

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Defining Your Business’s Marketing Strategy

You know where you want to go – but what determines the steps to get there? The first two questions on the Vision Traction Organizer (VTO) are exercises that help you think of the future state of your organization. You define core values and look at the common purpose, cause, or passion that aligns everyone…

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How to Get Around the Limitations of The Hobby Loss Rules

The new tax code makes it more important than ever to ensure your business can’t be called a hobby Running a side business is trickier than ever when it comes to paying taxes, thanks to the new Tax Cuts and Jobs Act (TCJA) of 2017. For years, taxpayers and the IRS have argued over the…

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