SME CPA BLOG

Small businesses are defined as a company with less than 500 employees. According to the U.S. Small Business Administration, small businesses make up 99.7% of U.S. employer firms. However, the SBA also proclaims that only half of these establishments survive 5 years and about one-third survive 10 years. Why are so many small businesses failing?…

Filing Status: File a new W-4 form with your employer to increase or decrease amount withheld from paycheck. If you were separated but your divorce was not finalized before the last day of 2018, you can still file a joint return. This is likely to save you money rather than filing as a single taxpayer.…