RogerRossmeisl

APRIL 26, 2025

Are you starting a business with partners and deciding on the right entity? An Scorporation might be the best choice for your new venture. One benefit of an Scorporation One major advantage of an Scorporation over a partnership is that shareholders arent personally liable for corporate debts. To ensure this protection, its crucial to: Adequately finance the corporation, Maintain the corporation as a separate entity, and Follow state-required formalities (for example, by filing articles of incorp

CPA 213

CPA Finance Tax business tax 213

RogerRossmeisl

APRIL 26, 2025

When its time to consider your businesss future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Whether youre ready to retire, you wish to step back your involvement or you want a solid contingency plan should you unexpectedly be unable to run the business, exploring different succession strategies is key.

Tax 217

Tax CPA Sales business tax 217

RogerRossmeisl

APRIL 26, 2025

There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes, you should probably take advantage of them by signing up. Heres a quick summary of the current federal tax treatment of transportation-related benefits. Mass transit passes For 2025, employer-provided mass transit passes for train, subway and bus systems are tax-free to a recipient employee up to a monthly limit of $325.

Transportation 214

Transportation CPA Tax 214

RogerRossmeisl

APRIL 26, 2025

Statistics on fraud rates in family-run businesses are scant. This is probably because most family enterprises keep incidents of financial malfeasance under wraps and dont involve law enforcement or the courts. Because punishing offenders is critical to preventing future fraud, such secrecy can encourage schemes and raise the risk of large financial losses.

CPA 147

CPA 147

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