Small Business - Herman & Co. CPA

A Dozen Deductions For Your Small Business

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate A small business offers plenty of opportunities for tax deductions. Just be sure to follow IRS rules. Here are 12 that even savvy small-business owners and entrepreneurs sometimes forget.…

3 Reasons to Start a Small Business in Palm Beach, Florida

Not all states are created equal, and in addition to plentiful sunshine, Florida offers quite a few tax advantages for businesses. As of 2016, the incentives fall into three areas: corporate income, insurance premiums, and sales and use. Not only that, starting a small business is relatively easy. Small Business Regulations Are Minimal Founding a…

Small Business Affordable Care Act Reporting Responsibilities

Extended deadlines, confusing terms for business sizes and hiccups in the Small Business Health Options Program (SHOP) Marketplace may have small business owners dreading the next steps for IRS forms and coverage reporting. Fortunately, only 4% of small businesses are subject to the Affordable Care Act (ACA) reporting requirements or the employer responsibility provision. The…

Small Business Resources

your business grow.

Small Business Health Care Tax Credits

Westchester NY accountant Paul Herman has all the answers to your personal finance questions! Small Business Health Care Tax Credit Changes to the SBHCTC beginning in 2014: The credit increases to 50 percent for small businesses and 35 percent for tax-exempt employers. You must purchase insurance for your employees through SHOP.* The credit is only available to…

Business Forms of Organization: FAQs

A “corporate double tax” happens when a business corporation (or an entity that is treated as a business corporation for tax purposes) pays a federal tax on its income, and then its owners pay another tax as they collect corporate profits.

Financing FAQs

You must know the exact amount of money that you need, what your purpose is and how you will repay it in order to be successful in getting a loan. You must convince the lender in a written proposal that you are a good credit risk.

Incorporating: FAQs

Limiting your liability to the assets of the corporation is the primary advantage of incorporating. It is common that shareholders are not responsible for the debts or obligations of the corporation.

Limited Liability Companies: FAQs

When your limited liability protection doesn’t shield your personal assets, a good liability insurance policy will help. For example, if you are a massage therapist and you hurt a customer’s back by accident, you will be covered by your liability insurance policy.

How to Resolve a Consumer Complaint

You should first approach the seller of the item. Then, get in touch with the relevant consumer agency. If neither of the previous provides adequate results, a lawsuit can be filed or you may use arbitration.