J.K. Lasser's Small Business Taxes 2022:

For more than 25 years, I’m proud to say my tax book for small businesses has been the go-to guide for owners and their tax advisers. The 2022 edition for preparing 2021 returns as well as tax planning for 2022 has been updated to incorporate changes from the American Rescue Plan Act as well as other new laws, court decisions, and IRS pronouncements. As has been my practice, I’ve written my own book review to explain the purpose of the book, what’s new, and what’s ahead. Read More

While your 2021 tax return hasn’t been filed and likely won’t be for many months, it’s not too soon to be thinking about taxes for 2022. Congress is still working on proposals that could impact taxes for the coming year. But there are some things we know for sure. Read More

Noncompete agreements are legal contracts between a business and another person—typically an employee or independent contractor—to bar a worker to compete with the business. ...Noncompete agreements are common, but they are increasingly coming under pressure from some state and local governments. Here's what you need to know about whether you can or should use noncompete agreements. Read More

There are several compelling reasons why you should have a retirement plan for your business. It helps you and your employees save for retirement on a tax-advantaged basis. Read More

Much that’s happening in Congress has been focused on multinational corporations and billionaires because a number of proposals that would have targeted small businesses has been dropped. ...What’s more, there is other pending legislation in Congress that may have a direct effect on small businesses. The following bills have passed the House with bipartisan support and await Senate action. I’m not offering an opinion on any of them, but I’ve added my own legislative wish list. Read More

The pandemic made a seismic shift in where workers work. Many companies now allow or require employees to work from home on a regular basis or at least a certain number of days a week or month. Restaurants that turned to take out and deliveries may not be fully using their seating areas. This means that your facilities may stand empty a good deal of the time. Read More

November 11 is Veterans Day and November 1 through 5, 2021, was National Veterans Small Business Week. According to the SBA, veterans own 6.6% of businesses in the U.S. Of these, nearly 338,000 had employees while 1.4 million were non-employees businesses. Read More

The annual national holiday of Thanksgiving for many businesses is the official start of the holiday shopping season. For some businesses, this period represents their peak sales for the year. But there are many reasons why I’m grateful to be a small business owner in the U.S. Read More