by GruffyGoat Team | Dec 22, 2015 | IRS, Small Business
The lower gas prices are going to be reflected in the mileage rates for 2016. The IRS just announced that beginning January 1, 2016, standard mileage rates will be: 54 cents per mile for business miles, down from 57.5 cents for 2015 19 cents per mile for medical or...
by GruffyGoat Team | Nov 24, 2015 | Small Business
Accounting plays an important role in any business. It supplies company owners and the C-suite with information that helps them make smart business decisions. Accurate financial data is essential for successful companies. But although you have to have accounting, you...
by GruffyGoat Team | Nov 4, 2015 | Small Business
With the recent focus on Uber and the way it exerts control over its 1099-classified drivers (whom the California Labor Commissioner’s Office recently ruled should be classified as employees, not contractors), the definition of an employee is being hotly debated....
by GruffyGoat Team | Sep 29, 2015 | Retirement, Small Business
According to a survey by CNBC earlier this year, while 78% of small-business owners intend to sell their businesses to fund their retirements, fewer than 30% have a written succession plan. At the same time, more than 50% of small business owners are 50 or older. If...
by GruffyGoat Team | Sep 25, 2015 | Retirement, Small Business
Many small business owners may not be aware that they are required to file a return with the IRS for their retirement plan. If you miss filing a Form 5500-EZ and you have a small business retirement plan, you may face stiff penalties of up to $15,000 per missed...
