Choosing the right business structure is one of the most important decisions you’ll make when starting or growing your company. Your choice affects everything from taxes and liability to decision-making and growth potential. Let’s break down the most common types: 1. Sole Proprietorship What it is: A business owned and operated by one person. Pros: [...]
Many people travel for their job — some for an occasional conference and some travel year-round. Whatever their time on the road, business travelers should know how and when to deduct business travel expenses. What to know about tax deductions for business travel Business travel deductions are available for certain people who travel away from their [...]
People should put together an emergency preparedness plan for their household – and include copies of their vital records and financial information. By creating an emergency preparedness plan and updating it annually, people will be able to start the recovery process faster if they're affected by a disaster or other emergency. Here are some things [...]
The IRS encourages taxpayers to get informed about topics related to filing their federal tax returns in 2022. These topics include special steps related to charitable contributions, economic impact payments and advance child tax credit payments. Taxpayers can visit IRS.gov/getready for online tools, publications and other helpful resources for the filing season. Here are some key items [...]
In a press release from Governor Ivey published on November 18, 2020: Governor Kay Ivey announced Revive Plus, a $200 million grant program to support small businesses, non-profits and faith-based organizations in Alabama that have been impacted by COVID-19. Revive Plus is the second wave of funding for these organizations with 50 or fewer employees [...]
