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Exit Planning Timeline: Why You Should Start Early

Article contributed by guest author, Julie Keyes, CEPA, Leader of the Year Nominee

When starting a business, most owners usually have no intention to exit his/her company but are also aware that one day, they will have to leave his/her role of business owner. 858 more words

SVI Blog

5 Signs You Need to Reconsider Your Sole Proprietor Status

Although the simplicity and affordability of running a business as a sole proprietorship may have attractive perks, there are reasons why you might benefit from… 721 more words


Why do I need an IRS Form 2848, Power of Attorney (POA)?

Photo Credit: http://www.cpapracticeadvisor.com

In a traditional sense a Power of Attorney is a document used to appoint a person or organization to manage your business, legal or private affairs.  307 more words


Independent Contractor as defined by the IRS.

People such as doctors, dentists, veterinarians, lawyers, accountants, contractors, subcontractors, public stenographers, or auctioneers who are in an independent trade, business, or profession in which they offer their services to the general public are generally independent contractors. 249 more words


Interest Rates on Secured Claims in Chapter 13 Cases in the EDKY

The prime rate of interest increased a quarter of a point to 4% effective March 16, 2017.  Read on for information on how this affects chapter 13 plans in the EDKY, and what other interest rates are applicable to secured claims. 479 more words

Secured Claims

Deadlines for Filing Prepetition Tax Returns in Chapter 13 Cases

Frequently, debtors who seek bankruptcy relief under chapter 13 have not yet filed some of their tax returns with the IRS or state taxing authority.  Section 1308 of the Bankruptcy Code gives chapter 13 debtors an opportunity to get those returns filed so they can deal with their tax debts in the chapter 13 case, but there are deadlines to be met and consequences for failure to comply.  643 more words

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