Category: Accounting
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Nontaxable gasoline reimbursement plan
The sudden rise in gasoline prices is causing employers and nonprofits to ask whether reimbursing gasoline expenses to employees and volunteers will help them continue efficient operations. This video overviews the major points to consider and offers practical tips on how to start a plan. Relevant tax code sections are 61 (gross income), 62 (exclusions…
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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…
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Everything you want to know about LLCs
I am creating a series of short video blog posts on Limited Liability Companies. This page is in development stage and will be published ‘piecemeal’ as content is created. What is an LLC? Is an LLC an entity? What is a “disregarded entity” LLC? Why does government sometimes refuse to recognize my LLC? Why does…
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How to form an LLC as a business
This is part of a series of short videos on Limited Liability Companies.
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Why form an LLC? “to save on taxes”
This is part of a series of short videos on Limited Liability Companies.
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6. Why form an LLC? Nesting
This is part of a series of short videos on Limited Liability Companies.
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Why form an LLC? Protection
This is part of a series of short videos on Limited Liability Companies.