Nellie Akalp

1 month ago | accountingtoday.com | Nellie Akalp

It's an exciting time for business owners when they take their small businesses to the next level, expanding to other locations. While there are many moving parts when opening a new office or store in the same state, business clients have additional tasks to tackle when branching out into other states. As a trusted accounting and tax resource, you will likely be their go-to for answers when they have questions about what's involved in those efforts.

1 month ago | smallbiztrends.com | Nellie Akalp

Small business owners know that their success doesn’t just happen by chance. It takes years of hard work, dedication, and the know-how to make it prosper. Growing a business takes a strategic approach. In an ideal world, business owners would throw money at every possible idea and see what sticks. But the reality is they don’t have unlimited resources. Instead, they should determine where and how to invest in their business to see the reap the greatest reward.

2 months ago | allbusiness.com | Nellie Akalp

After a short reprieve from the requirement to file a beneficial ownership information report (BOIR) with the federal government, most businesses are again mandated to comply with the reporting obligations under the Corporate Transparency Act (CTA).

2 months ago | report.woodard.com | Nellie Akalp

Most business owners are familiar with the various types of business structures: Sole Proprietorships, Partnerships, LLCs and S Corporations. But they may not be familiar with the different types of tax provisions they entail. This is especially true of the S Corporation, which is not a business entity type at all but rather a special tax status offered by the IRS to some businesses, including Limited Liability Companies (LLCs).

2 months ago | entrepreneur.com | Nellie Akalp

It's enough to make you seasick, all the twists and turns, stops and starts, injunctions and stays that have defined the Beneficial Ownership Information (BOI) reporting requirements. If you're looking for the bottom line, here it is: As of this writing, most business owners are officially required to complete their BOI reporting by March 21. You can file for free at fincen.gov/boi.