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Stephen Nelson's Articles in Business

  • When You Should Not Incorporate a Business
    Small businesses often think about incorporating. That's not surprising given that incorporation usually reduces business risks and can save a business thousands in taxes. But despite those savings, very small businesses need to think carefully about incorporating because of the costs and administrative work.
  • Using Money in an IRA for Starting a Business
    Starting a business requires capital--and one place to get that capital is from one's IRA accounts. Predictably, however, the small business entrepreneur needs to be careful about using IRA funds to start a business, as one accountant explains.
  • Tips and Tricks for Incorporating in Nevada
    Considering incorporating in Nevada? Use these seven tips to minimize mistakes and maximize the benefits
  • Three Tax Reasons to Operate as a C Corporation
    Many small businesses assume that limited liability companies and S corporations are the only good choices for the business ventures. But a regular C corporation may sometimes be the best choice.
  • Techniques for Improving Business Cash Flows
    Are you a small business owner struggling with your day to day cash flows? Try these five tips says the small business accountant who wrote QuickBooks for Dummies.
  • Starting a Small Business in a Recession
    Starting a small business in a recession is tough. But the dark clouds of a bad economy include some silver linings, as one small business CPA explains.
  • Start a Business Now: Three Powerful Reasons
    Worried that now isn't the right time to start your own business? One small business CPA says now may just be the very best time to start a business--and for three compelling reasons.
  • Small Business Bookkeeping Blunders
    Avoid the five most common small business bookkeeping blunders by using this CPA's end-of-year accounting tips.
  • Simple Pension Options for Small Businesses
    Looking for an easy yet economical small business pension plan? CPA and former tax professor Stephen L. Nelson says you've got at least three easy, economical choices.
  • Professionals Guide to Forming a Limited Liability Company
    Small businesses and entrepreneurs often minimize their liability and save taxes by using a limited liability company. Unfortunately, the rules get tricky for professionals (doctors, lawyers and others) who want to take advantage of the LLC option. This article suggests five tips for making the professional LLC setup process clean and error-free
  • Paying the Shareholders of a Limited Liability Corporation
    Limited liability companies are popular with accountants and attorneys, but they can make life complicated for a small business owner or bookkeeper trying to pay the owner for his or her services. In this short article, QuickBooks for Dummies author and CPA Stephen L. Nelson provides some rules of thumb for making the process easier.
  • Naming the New Limited Liability Company Business
    Need a name for your new limited liability company? You'll want to consider both legal and marketing issues says this small business CPA and author.
  • Microsoft Small Business Accounting Software and Limited Liability Companies
    Setting up accounting software like Microsoft's Small Business Accounting can be tricky if you're operating as a limited liability company. This article suggests four tips to make the setup easier and cleaner.
  • How to Write a Good Business Plan during a Bad Recession
    Need to write a business plan for the bank or an outside investor? The author of MBA's Guide to Microsoft Excel explains how you need to adjust the business planning process when the economy is in a recession.
  • How to Set Up QuickBooks for a Limited Liability Company
    Almost always an LLC gets treated as some other type of entity for tax accounting purposes. That means setting up QuickBooks for the LLC can be complicated. Fortunately, small businesses can use three QuickBooks setup tricks.
  • How Not to Write a Business Plan
    Trying to make sense of the business planning process? Confused by the different definitions people seem to use for the phrase, "business planning?" One accountant tries to share some useful information.
  • Five Tips for Picking a CPA for your New Business
    Need to find a good certified public accountant, or CPA, for your new business? Using these five tips will make your selection easier.
  • Five Big Tax Blunders for S Corporations
    S corporations have become the most popular type of corporation in the county--which isn't surprising. An S corporation can save its owners tens of thousands of dollars in taxes each year. To reap those savings, however, the small business needs to avoid these five common S corporation tax blunders.
  • CPA Secrets for Easier Small Business Accounting
    Want to keep your small business accounting system running smoothly? One CPA suggests simplifying your bookkeeping by following five, easy-to-understand tips.
  • Convert Your Accounting System into a Secret Weapon
    Want to get more from your accounting system? Try these five tricks from the author of QuickBooks for Dummies.
  • Business Planning for an S Corps
    According to the Internal Revenue Service, S corporations represent the most popular form for doing business in the United States. That popularity isn't surprising given the tax benefits of using an S corporation. But the popularity does mean that entrepreneurs need to understand what's different about business planning for an S corporation. This article does just that.
  • Business & Tax Planning for the Obama Presidency
    Whether you voted blue or red, if you're a small business owner, you probably want to plan now to reduce business taxes you pay under an Obama presidency.
  • Avoiding Incorporation Scams
    Incorporating a small business can be an appropriate decision, but new entrepreneurs need to make sure they avoid these three, common incorporation scams.
  • A CPA's Accounting & Tax Tips for New Small Businesses
    Starting a new business? Consider these five, easy-to-use tips to keep your accounting and taxes clean, lean and simple.
  • 5 Reasons to Setup Shop as a Sole Proprietorship
    Starting a small business? Confused about the incorporation option? Don't give up on the sole proprietorship alternative until you read one CPA's five reasons for keeping things simple with a sole proprietorship.



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