Most US businesses are primarily sole proprietorships and partnerships. But, the prime reason why sole proprietorships are so common is the “moonlighting” that is part of many an American’s life. Once that classification is removed from the totals, the situation is dramatically different. Partnerships (and LLC- limited liability corporations, which are usually taxed as partnerships)- both privately held and syndicated (widely held entities, with access to capital markets [i.e.,Wall Street])- are the primary business structure for US businesses.
Tag Archives: taxes
Tax Changes ARE Coming
Oh, they’re talking. No, I don’t mean the Republicans and Democrats in Congress. (Though that would be really nice.)
So, this is Christmas
Since today is Christmas- which means that many of you are in the mood for receiving- maybe I can entice you to engage in the act of giving. Besides, it’s the end of the year and so many of you just realized that your tax situation needs to be addressed. (If you were my clients, you would be reminded of this aspect- and how to save the big bucks all year round.)
A FIVE letter word. (OK, maybe 3 for some…)
They’re ba-ack… Not the poltergeists, although many of you may consider them part of the genre…No, it’s the required annual tax filings…
Continue reading A FIVE letter word. (OK, maybe 3 for some…)
Infrastructure problems are NOT going away
I have been complaining for a long time that our governments- federal, state, and local- are doing us, the citizens, a grand disservice. They have basically shirked one of their primary duties- to maintain and upgrade our infrastructure. To be honest, upgrading is so far from what they’ve done, I’m sure that most of us would be thrilled with their simply maintaining what we have.
Stay in the strike zone!
We keep hearing various politicians claim that ‘Business’ is afraid to expand because of governmental uncertainty. Yet, these same folks repeatedly threaten to shut down the government over the smallest of disagreements. In actuality, nothing is really uncertain in the real business marketplace(the marketplace is always uncertain- I mean more than normal): The tax code has not changed in years and regulatory pressures (unless operating a power plant) have not been radically changed, with the sole exception of the healthcare insurance situation. Moreover, healthcare costs have been going up reliably- and without reason- for nigh two decades now, so that’s nothing new to anyone (in or out of the business marketplace).