POST CATEGORY : Legal

Small Business, Big Return: Your Tax Filing Checklist for April 15

Filing taxes for the first time as a small business owner can be one of those unforeseen struggles.

To make sure you have everything you need come tax season, you need to have a tax filing checklist.

Tax filing checklist

We know how difficult and time-consuming it can be to make note of everything during hours of research.

So, instead, you can use our comprehensive tax filing checklist to save you time, money, and hassle on your tax deadline.

Tax Filing Checklist for Small Businesses

Financial Records

Keeping a record of everywhere your money goes during the fiscal year is a hallmark of good business practice and one of the top tax return tips.…

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Business Law: 3 Things To Take Into Account If You Want To Sell Your Business

There comes a point in every business owner’s life when he takes his time to think about the idea of selling his business. Deciding to part with your business, though, is no easy task. As a matter of fact it is a very stressful undertaking.

Business for sale

Selling your business can sometimes be overwhelming, and most often a difficult process to handle. This process involves a lot of consideration and evaluation. This makes it imperative that you seek the advice of professionals and think about your decision very carefully.

That is why we have compiled some of the basic considerations that you need to take into account when deciding to sell your business.…

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The Legal Bulwark: Why Even Small Businesses Need Lawyers

It’s easy for small business owners to hold off on spending their precious resources on legal assistance, especially when their business is still in its infancy. This is strange, especially when you take into consideration the fact that the very same owners rarely hesitate to spend money on accountants and insurance agents. Lawyers do not enjoy the same level of “need” as those professionals who specialize in all things finance.

Meeting with a lawyer

And the sad truth is that this is a rookie mistake that no business owner should ever make. As we are all aware, the law is a cruel mistress that shows no mercy towards those who incur her wrath.…

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Surprised By The New 2018 Tax Laws? 4 Strategies To Handle The Changes

Once you get the hang of preparing taxes for your small business, April doesn’t seem so challenging. That is, until tax laws change and suddenly you don’t know if you can still claim your small office deduction. When this happens, the need to hire a tax professional to prepare your return becomes a necessity, not just a convenience.

2018 Tax Law Changes

Not sure what to do about the tax changes that went into effect for 2018? The changes will remain in effect at least until 2025, so there’s no time like now to get acquainted with what’s new.

1. Hire a tax professional to do your taxes at least once

Hire a tax professional to do your taxes at least for the first year.…

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What You Need To Know About The SEC Whistleblower Program

The SEC whistleblower program exists to award eligible whistleblowers who avail original information that facilitates successful enforcement of SEC actions where total civil penalties surpass $1 million. As far as the eligibility for the program is concerned, any individual or group, irrespective of their citizenship, may participate in the SEC Whistleblower program – with a few qualifications and exclusions attached.

SEC Whistleblower Program

Usually, a whistleblower receives an award worth 10-30% of the monetary sanctions gathered in both the actions brought by the SEC and the related actions emanating from other regulatory and law enforcement bodies. The Congress approved the provisions of the whistleblower reward in the ‘Dodd-Frank Act’ to encourage individuals with useful insider knowledge to voluntarily come out and help the government to hand-pick and prosecute people who have breached securities laws, besides recovering money for persons who have suffered financial fraud.…

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6 Tips to Help You Choose Criminal Lawyer for Business

Many entrepreneurs feel that appointing a legal practitioner for business purpose is not that necessary and it creates excessive pressure. But, in today’s world, it is really very important to hire a business attorney.

Business lawyer talking with client

The businesses often face criminal accusations like fraud, copyright issues, monetary crimes, etc. and in such case, you may need the help of your business defense lawyer.

Now, it can seem ambiguous to confirm about the lawyer who will best fit to handle all your business issues smoothly. So, to make the wise decision, you will need to consider the following factors:

1. Understanding Between You and Your Lawyer

Any lawyer may need to make the proper use of special terms in the court but while communicating with you, they must make use of the terms which can be understood by you.…

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Charged with Crime and Hiring Defense Attorneys

“The law is hard, but it is the law”.

How to hire the right attorney

This old Roman saying pertains to the harsh yet fair nature of the law. It exists to protect the people from others and themselves. It also helps in preserving the sovereignty of the state. Moreover, it promotes peace and order in any place in the world. A place dissolving into anarchy is not a healthy place to live in, and the law helps us in remembering our rational side. The law also helps in the formation of our morals as we grow as people and members of society.

We can have many kinds of laws in the world, but most are in place to ensure the safety and security of human beings, animals, and the environment.…

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A CEO’s Guide to Personal Guarantees

When exploring finance options for your business, the provider of a business loan or other source of funding may ask you to provide a personal guarantee. Although a personal guarantee is not uncommon, there seems to be a lack of understanding from small business owners about exactly what it means.

CEO personal guarantee

Research by an SME loan provider found that more than half (55 percent) of 510 SME senior decision makers did not know what a personal guarantee was. 21 percent of those thought it was a commitment from the business owner to repay the money to their best of their ability, while 61 percent believed personal guarantees related to business rather than personal assets.…

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Catching Workers Comp Fraud Committed by Employees

Workers compensation is a federal program that requires employers to pay for medical and compensation benefits if their employees become injured or disabled while working at your place of employment (each state has its own set of workers’ comp laws). Work injuries can be anything from carpal tunnel syndrome from repetitive mouse/computer use to hurting your back during a fall on company property.

Worker comp covers back injury

The workers’ comp laws were put in place to provide the injured workers with fixed monetary awards to help prevent litigation and give the employees and their dependents a chance to stay afloat financially while being out of work.…

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The Importance Of Notarization

Some wonder what the fuss is all about when it comes to getting a legal document notarized; what it is and why it is important. Getting a document notarized by a notary public means you are getting a document verified for its identifying authenticity and its purpose. Essentially, the notarized document will protect the signer and the purpose of the document.

Legal document notarization

Today, we will discuss some examples of legal documents that need to be notarized and why it is important to do so.

Affidavit

Affidavits are statements that are confirmed by oath or affirmation. Affidavits are one of the most common legal documents that need to be notarized.…

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