Rives & Associates

Articles

Raising Capital

FREQUENTLY ASKED QUESTIONS Impacted by the Equifax Hack? Take These Steps Now! September 14, 2017 Articles, Cyber Security & Tax Scams Admin Can I borrow money from my wholly owned business? Yes, you can borrow money from your wholly owned business. Generally speaking, the terms of the loan must be reasonable and must be properly …

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Incorporating a Business

FREQUENTLY ASKED QUESTIONS Impacted by the Equifax Hack? Take These Steps Now! September 14, 2017 Articles, Cyber Security & Tax Scams Admin Should I incorporate my business? Answer: Operating as a sole proprietor is often the simplest and least expensive way to organize your business. Even so, many business owners choose to incorporate their businesses. …

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The new 0.9% Medicare tax: Watch out for withholding issues

Under the health care act, starting in 2013, taxpayers with earned income over $200,000 per year ($250,000 for joint filers and $125,000 for married filing separately) must pay an additional 0.9% Medicare tax on the excess earnings. Employers are required to withhold the tax beginning in the pay period in which wages exceed $200,000 for …

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