Archive for the ‘USTaxAid Blog’ Category

Corporate Veil Only Protects You From Your Biz. What Protects Your Biz From You?

The Best Asset Protection Protects Your Business From YOU! As soon as you start a business, you’ve got a liability issue. That’s because a business puts everything you own at risk. In fact, it’s not whether the business needs a business structure like an LLC, S Corporation, C Corporation or Limited Partnership to save on ...

New Online Workshop: Workshop: How to Create an Audit Defense for an MLM business (or any other business!)

Whether you’ve got an MLM or an ice cream store, you need an effective audit defense. Join me to learn more. read more...

Next Wave of Corporate Compliance Scam Begin to emerge

Seems as soon as one scam tails off, another one takes its place. After the Business Filings Division scam letter made the rounds last month, a new one has hit the mailbox. This time, it’s a Disclosure Statement coming from the “Board of Business Center.” read more...

LLC Tax Return

The Limited Liability Company (LLC) is the most versatile business structure going these days. And because there are so many choices, it’s often misunderstood. Ever so often, we get the question, “What tax return do I use for my LLC?” And the answer is “it depends.” That’s my favorite answer when it comes to tax ...

Look for Long Wait Times for New LLCs and Corporations

If you’re planning to get a new business structure in place before year-end to save on taxes, start early this year. We’re seeing wait times as long as 4 months to get entities set up in states like California already. Typically, we’re looking at last minute business structures for: Sole Proprietorships who are tired of ...

95% of Businesses May Get a Tax Bill from a State They Didn’t Even Know They Owed Money To. Is Your Business One?

I read excepts from a sales and use tax study yesterday that chilled me. 95% of companies polled had a problem with nexus (i.e., they were liable for taxes in another state) and 85% of companies underestimated the number of states where they needed to be registered. read more...

Avoid the IRS Hit List

The tax proposals from both the federal side and all the states are still coming fast and furious. Right now, the most significant changes could very well be coming from your home state, or any state in which you have customers or clients. In fact, if you ever give talks or seminars – look out! ...

The Only Solution to Unemployment That Works

A report out today predicts that it will take, on average, 25 weeks to find a new job if you lose your current job. Here is the link Unemployment Woes So what do you do if you lose your job? If you can’t wait a half year and hope you find another job, there is ...

Turn Loss Into Quick IRS Cash

You probably have been hammered by the economy in one way or another. That means you’re like 90%+ of my clients. I actually have some clients who have contrarian businesses that thrive in down times. For them, this is the bonanza time. When it turns (and it will), they’ll be experiencing the downturn most of ...

Strategies with Series LLCs

If you’ve never heard of a Series LLC, don’t feel bad. They’ve been around for 13 years, but except for a few on the inside track, most people don’t know about them or use them. In fact, I recently had to explain what they were to a bunch of business attorneys! These are the people ...