Author: Tony Novak
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Why form an LLC? Avoid workers compensation requirements
This is part of a series of short videos on Limited Liability Companies.
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Why form an LLC? Avoid payroll accounting
This is part of a series of short videos on Limited Liability Companies.
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Why does a court ignore my LLC?
This is part of a series of short videos on Limited Liability Companies.
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Why does a private company refuse to recognize my LLC?
This is part of a series of short videos on Limited Liability Companies.
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Why does government sometimes refuse to recognize my LLC?
This is part of a series of short videos on Limited Liability Companies.
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What is a disregarded entity LLC?
This is part of a series of short videos on Limited Liability Companies.
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How to report PPP loan forgiveness on your 1040 tax return
IRS included little specific guidance on the reporting of tax-exempt income from the forgiveness of a PPP loan. Generic instructions are included in the instructions for Form 1040, however tax law is clear that we may not rely on IRS instructions in this format to be reliable. Tax software, so far, and to the extent…
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How to handle tax law complexity
Yesterday a business owner made a comment in conversation fearful of the complexity of tax laws and his perception that compliance regulations are getting worse. His perception is accurate but I did not say so. Instead, I said that it is not my intention to help him learn more about this overly complex field. This…