A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it does but...
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You can only claim a casualty loss tax deduction in certain situations
In recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires and other disasters. No matter where you...
Want to find out what IRS auditors know about your business industry?
In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the taxpayer’s return....
Getting a divorce? Be aware of tax implications if you own a business.
If you’re a business owner and you’re getting a divorce, tax issues can complicate matters. Your business ownership interest is one of your biggest...
Does your employer provide life insurance?
Here are the tax consequences Employer-provided life insurance is a coveted fringe benefit. However, if group term life insurance is part of your...
Employee Retention Credit (ERC) Worth It?
Are you familiar with the Employee Retention Credit (ERC)? If not, you may be missing out on thousands, tens of thousands, maybe even hundreds of...
ABLE accounts may help disabled or blind family members
There may be a tax-advantaged way for people to save for the needs of family members with disabilities — without having them lose eligibility...
Possible tax consequences of guaranteeing a loan to your corporation
What if you decide to, or are asked to, guarantee a loan to your corporation? Before agreeing to act as a guarantor, endorser or indemnitor of a...
Les Nosal’s Business Negotiation Skills FTW
Alright Omaha business owners, we’re going to move aside from tax-related things today (though there will be PLENTY to talk about as Congressional...
Les Nosal’s Insights on Financial Planning for Business Owners
Last weekin the start of my series on financial planning for business owners, I got a little carried away by all of the talk of "independence." So,...
Thoughts on How Omaha Business Owners Can Achieve Business Solvency
With our nation celebrating its 245th birthday on Sunday, and all of this talk about "independence" flying around, I have a question for you -- one...
Les Nosal’s Tips for Creating a Business Disaster Plan
The past year and a half has been stressful for everybody in Omaha. And I would argue it’s been doubly so for Omaha business owners.The thing is...
Les Nosal’s Tips for How to Raise Your Prices Properly
Did you hear the news from last week’s inflation report?Consumer prices increased more than 5% between May 2020 and May 2021.Given the Federal...
Les Nosal’s Tips for Building a Business Emergency Fund
Pretty sure I've said this before.I'll likely say it again, too.If there’s one thing the past year has taught business owners, it’s that the...
How To Digitize Your Business by Les Nosal
It seems as if the world is getting drenched in tech. It’s literally falling from the sky (we’re looking at you, rocket boosters).Because there is...
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