Recent Articles

Taxation of Sole Proprietorships

Sole proprietorships are taxed at the individual level, so whatever is your personal tax rate, and then your tax is calculated using this rate. For the other entities, it depends.

The Sole Proprietorship – The Basics

12/30/2012

Of the four business entity types, the sole proprietorship is by far the most flexible and easiest to manage.  There are very few drawbacks.  In the world of business, the key is to maximize profit with the least amount of risk.  Each of these [...]

Self-Employment Tax: You Can Stop Staring At Me Now!

11/28/2012

I was in the attic once hunting down a noise, of course it was at night and I don’t have any lights in the attic to assist me.  So, I grabbed my son’s Boy Scout Flashlight that mounts on your forehead and headed up to find a raccoon staring at [...]