Small Business - Nerdwallet

Small Business

According to the U.S. Census Bureau, more than 99% of businesses in the U.S. have fewer than 500 employees and are considered small businesses.

Have a question about finance?

Top Advisors

Michael Rude
Michael Rude
EA
Vista, CA
2 recent answers
Mark Struthers
Mark Struthers
CFA, CFP®
Chanhassen, MN
2 recent answers
Ryan R. Neff
Ryan R. Neff
AIF®, QKA, QPFC
Columbus, OH
1 recent answer
Michael Cash
Michael Cash
EA
Modesto, CA
1 recent answer
Stoyan Panayotov
Stoyan Panayotov
CFA
Walnut Creek, CA
1 recent answer
All Questions: Small Business
NewPosted January 18, 2017 · Miami, FL
Mark Struthers

Mark Struthers

CFA, CFP®

Hi,

Good question. Some small business owners are too busy to find the best plan. Yes, most often solo-401ks are the best way to save. You are able t...

NewPosted January 9, 2017

You do the work, you earn the income, IRS says its taxable to you regardless of the roundabout path you try to take to make it not yours.

Posted January 6, 2017

If you are an S corp, you don't take an owner's draw. You should be paying yourself as a W-2 employee of the corp. Your salary should be what would be...

Posted December 28, 2016 · Miami, FL

You need to retain a tax professional (EA or CPA) to prepare your tax returns and provide appropriate advice. Your 40K in wages should be reported on ...

Posted December 26, 2016

Your tax return is the input document for crediting your Social Security earnings account and must be filed within three years of the original due dat...

Posted December 18, 2016 · Cincinnati, OH

IRS is only concerned it the S Corp has profits and you are taking them out without paying payroll taxes. If the company has a loss, they really don'...

Posted December 12, 2016

The only free advice you should take is free suggestions to get professional advice because we don't know, we have no idea and are running from trying...

Posted December 5, 2016 · Sacramento, CA

Your 403 is based upon your employee earnings, generally W2, from the institution that hired you. If you have your own consulting or practice income,...

Posted November 29, 2016 · Los Angeles, CA

First, you should know that the so-called Credit Privacy Number (aka Credit Profile number or SCN, Secondary Credit Number) is not what you would thi...

Posted November 22, 2016 · Houston, TX

It would be considered a capital contribution to your LLC at the current market value. Why not take the loss personally and make a cash contribution...

1-10 out of 1416 questions

Didn't find what you're looking for?

Ask your question and we'll connect you to our network of financial experts for free