BRICS Tariffs & Trump 2025: What Small Business Owners Need to Know
As we move into 2025, the economic landscape is poised for significant changes, especially with the re-election of Donald Trump and his stance on BRICS tariffs. This article aims to dissect what these tariffs mean for the economy, small business owners, and the broader implications from a tax perspective. What Are BRICS Tariffs? BRICS stands […]
How to Protect Your Small Business from the #1 Audit Risk
Running a small business often feels like juggling a dozen tasks at once. Between managing your team, handling sales, and keeping customers happy, your business finances can sometimes slip through the cracks. However, if there’s one area you absolutely need to get right, it’s separating your personal and business finances. The Risks of Mixing Personal […]
7 Strategies to Reduce Taxes When Facing a Long-Term Capital Gain
7 Strategies to Reduce Taxes When Facing a Long-Term Capital Gain – When it comes to selling a business, real estate, or any other large asset, many people don’t realize the significant tax implications until it’s too late. A unique life event like this—where there’s suddenly more income than usual—can create a hefty tax burden […]
Smart Debt Management for Small Business Owners
Smart Debt Management for Small Business Owners – Managing debt effectively is a crucial aspect of running a successful small business. Many business owners struggle with decisions about which debts to pay off first, whether to take on new loans or how best to utilize cash reserves. This guide provides practical steps to help you […]
How to Avoid Capital Gains Tax on a Business Sale
A business sale can become quite complicated depending on the type of business structure. When selling a business, this usually involves the disposal of various assets. As such, selling your business may result in capital gains tax. You can minimize, defer, or avoid capital gains tax on a business sale.What is the best way to […]