A number of end-of-year tax planning strategies are available to business owners that can be used to reduce their tax liability. Here are a few of them: Deferring Income Businesses using the cash method of accounting can defer income into 2020 by delaying end-of-year invoices, so payment is not received until 2020. Businesses using the [...]
As a small business owner, figuring out which form of business structure to use when you started was one of the most important decisions you had to make; however, it's always a good idea to periodically revisit that decision as your business grows. For example, as a sole proprietor, you must pay a self-employment tax [...]
If you're conscientious about financial reporting, you may already have a sense of your company's worth, but in some instances, you might need a formal business valuation, such as: Certain transactions: Are you selling your business? Planning an IPO? Need financing? Tax purposes: This includes estate planning, stock option distribution, and S Corporation conversions. Litigation: [...]
On May 2, 2019 the United States Patent and Trademark Office (USPTO) issued a Cannabis Trademark Examination Guide which addresses the examination of trademarks for cannabis, cannabidiol (CBD), and hemp-related products and services. The USPTO was prompted to publish the Examination Guide after the enactment of the 2018 Farm Bill and the significant increase in trademark [...]
Trademarks of a rival company can be used in comparative advertising, so long as the advertising does not contain misrepresentations or create a reasonable likelihood that purchasers will be confused as to the source, identity, or sponsorship of the advertiser’s product. Under the Lanham Act, a defense to claims of false and misleading comparative advertising [...]