Posts from: Business Lifestyle, Business News, Entrepreneurship
Choosing the Best Entity for Your Business
Sole proprietorships are the most popular business entity in the U.S., with about 27 million businesses listed as sole proprietorships. Deciding on the proper structure for a new business in your state– sole proprietor, partnership, limited liability... (more...)
Blue Ocean Strategy-What is the Next Big Idea?
For many business owners, their focus is how to compete in their competitive industries. For the restaurant industry there are endless amounts of competitors that provide similar products. For other industries, they might be trying to sell the exact... (more...)
3 Ways Technology Can Help Improve Your Business
Change can be scary. Technology advances at a much quicker rate than before and it is hard to keep up. Year after year there are new software programs, gadgets and devices that come out that are made to make life easier. But how does this affect... (more...)
WARNING! FAKE IRS Calls!
WARNING! Tax time also means FAKE IRS calls. Don’t be fooled by these crooks! The safest way to check if it is the REAL IRS is hang up and go to www.IRS.gov and call the number on that website. The IRS goes through a very formal process of gathering... (more...)
Business Taxes March 15th Deadline
Businesses, remember that March 15th is the deadline for 1120, 1120-s, and 1065 tax forms to be filed with the IRS. This means if you haven’t already started finding someone to help, do that ASAP! A CPA can either help you make sure you have all... (more...)
Business Tax Help 2017: Preparing for Expiration of Certain Deductions
Preparing for Expiration of Certain Deductions Certain tax deductions are allowed for a certain amount of time to help induce an action. Whether it is spending more in one industry or stimulating the economy. Unfortunately, these temporary deductions,... (more...)
Business Tax Help 2017: Vehicles for Business Use
Business Use of Vehicles When it comes to using a vehicle for business, there are two things you should keep track of: mileage and depreciation. For 2016 the standard mileage rate is 54 cents per mile. This means you should keep track of your business... (more...)
Business Tax Help 2017: Business Property and Depreciation
Business Tax Help 2017 The goal for doing taxes for your business is simple; maximize your tax benefits to minimize the amount of taxes you have to pay. But with tax laws always changing, how can you ensure that your tax plan is still the best option? That... (more...)
Employers Beware! IRS warns of W-2 Scam
Business owners beware! Every year there are people that claim to be part of the IRS to scare you into giving them information. This year, there is a payroll scam where they are sending out e-mails where they are asking for W-2 information. Remember,... (more...)
Spend More Time With Your Family & Friends while saving money for the Holidays
It’s that time of the year again where many of us celebrate the holidays with cheer, parties, gifts, and many other goods to enjoy before they hit reality again. But guess what, you know what else comes after those parties, gifts, and goods? That’s... (more...)
8 Things Entrepreneurs Do Differently
Entrepreneurship goes beyond Elon Musk and Mark Zuckerberg. It is mostly an approach to life that favors creativity over conformity and action over inaction. Author and investor, James Altucher says that “Being an entrepreneur doesn’t mean starting... (more...)
2016 Post-Election Tax Update
Any change in Presidential Administration brings the possibility, indeed the likelihood, of tax law changes and the election of Donald Trump as the 45th President of the United States is no exception. During the campaign, President-elect Trump outlined... (more...)
Small Business Success Story – Chad Mureta (App Empire)
Chad Mureta ran a real estate business when the impossible happened: A devastating car accident has caused to be delivered to the hospital, nearly taking out his arm. His business could not continue without him being physically present, but Mureta’s... (more...)
How to Know What Passions to Pursue in Business
We all have that question where we ask ourselves: “I have a passion for a lot of things. How do I know which one I should really choose? Well, we all have heard many times in our lives, if you want to make a living, do something that you love to do.... (more...)
7 Businesses That You Can Start With Less Than $100
There are always many obstacles to starting your own business, but money is not always one of them. Many people have dreamed of owning a business, however, the biggest problem that many people face is that the amount of capital it takes to start it up... (more...)
Tips on How Small Businesses Can Become a Firm of the Future
How can a business become a firm of the future? Well let’s take a step back, what does it mean to become a firm of the future? Let’s look at this example, a firm of the future has been “in business for decades, achieving success... (more...)
How to Start a Business as a Couple, Aww! <3
We all know that the benefits of starting a business with a loved one seem obvious: You’re working with someone that you trust, and whom you already you enjoy spending time with. There are plenty of high profile success stories- Cisco, Slideshare,... (more...)
IRS Scam Update: U.S charges 61 over India-based Impersonation Scam
In one of our earlier posts, we posted up a blog about how we can identify a fraudulent scam from a fake IRS representative. Just recently, The US Justice Department charged 61 people and entities on Thursday on October 27, 2016 with taking part in a... (more...)
From World Ranked Swimmer to Successful Entrepreneur
We would like to share this story with you because this man shares similar values as we do as our company, and we want to show you how integrity takes each of us a long way in the business world. Joseph M. Grant, a world class swimmer in his youth... (more...)
Guess What?! You Can Lower Your Tax Bills with These 10 Tips!
Since Tax Season is coming closer and closer, many of us are looking for ways to make their final moves in order to save money on their returns. Well don’t worry! Sonny CPA is here to save the day! Here’s something you should know… You can... (more...)
Hurricane Matthew Victims Suffered Enough. IRS Gives Some Help with Tax Relief
Hurricane Matthew has devastated families and businesses in North Carolina as well as South Carolina, Georgia, and Florida. For those affected, life becomes more difficult as their homes, businesses, and possessions were damaged or lost. Unfortunately,... (more...)
How Wells Fargo Affected Investors Like Warren Buffett
Wells Fargo has recently reached a $185 million settlement agreement with the bank. As we have said before in the last blog post about Wells Fargo, they have scammed thousands of their customers by opening unauthorized bank accounts and credit... (more...)
Small Business Benefits – Cloud-Based Accounting Tools
What will you do when you have too many projects and business events to attend for your business while you have a ton of bookkeeping and accounting issues that you have to work on? In today’s world, there are many advantages that a small business... (more...)
How Do Famous Youtube Stars Become Rich?
Do any of you guys know or heard of Pewdiepie? Or Psy, the guy who was famous for his famous youtube video, Gangnam Style? Although it seems that no one is talking about Psy these days, have you ever wondered how these youtube stars make their money? Yeah,... (more...)
Rick Alden, The Willy Wonka of Skullcandy
We can safely assume that most of us know what Skullcandy is right? Well, if you do skip this paragraph. If you don’t, well where have you been for the last 8 years? Well anyway, Skullcandy are a pair of headphones that has a skull as its logo.... (more...)
Unethical Business Practices Will Not Help You Reach Success
Have you ever been involved in a situation where you were working with someone who got money from people who believed that they were getting something back in return but didn’t? Let’s say: You have a friend who owns a lemonade stand. The... (more...)
Look At How Shaq became a Successful Business Man!
We all know who Shaquille O’Neal is; the notorious 7 foot 1 inch basketball player who has been playing in the NBA League for 19 years! When we were all watching him play in the court, we probably all never thought that this guy would make it BIG... (more...)
DON’T GO BANKRUPT! How CPA & Management Accountants are Very Important for Start Ups
Think about a business that you want to start … Now think about how you are going to start this business … Alright, now think about what kind of work you will be getting yourself into if you started up a business all by yourself… Fast... (more...)
How Does your Passion Reach Success?
Imagine yourself doing something that you are most passionate about, and then making tons of money just by doing that “something” you are most passionate about. How much better would your life be? You can enjoy that lavish lifestyle, going out... (more...)
How to Stop Expense Reimbursement Fraud
Expense reimbursement fraud schemes are among the most common types of fraud, accounting for 14% of all asset misappropriation fraud schemes, according to the 2016 Report to the Nations on Occupational Fraud and Abuse by the Association of Certified... (more...)