Ongoing Management and Protection

CorpNet’s blog posts offer a wealth of information for navigating through the ongoing management and protection of startup and business operations. Our articles are written by industry experts who have the experience to help you avoid common and unnecessary mistakes.


How to Apply for a Trademark Application

Every now and then a trademark application case hits the headlines that makes you cringe at its arrogance (Apple’s fight to stop any sort of apple symbol being used in a logo) or just makes you laugh (Taylor Swift attempting to trademark the phrase “this sick beat”). And then there’s the outright scary—Facebook wanting to stop any business name from using the word “face.” These are extreme examples, but because brand recognition plays such a vital role in today’s business world, companies have become very aggressive when it comes to protecting their names and identities. So, what are [...]

2018-05-10T05:49:32+00:00 May 15th, 2018|Categories: Ongoing Management and Protection|Tags: |

Hit Hard With 2017 Taxes? It’s Time To Change Your Legal Structure for 2018

It seems like you just got your business taxes handled for 2017, and now you must start worrying about 2018 taxes. That’s because the tax reforms signed into law last December under the Tax Cuts and Jobs Act will most definitely affect your business taxes—and possibly your company’s legal structure as well. And you might be wondering how to avoid a hit like that in the future.  Maybe it’s time to change your business legal structure. If you’re self-employed and operating as a sole proprietor, I suggest exploring if a change in legal structure might provide some tax relief [...]

2018-05-09T06:15:45+00:00 May 9th, 2018|Categories: Ongoing Management and Protection|Tags: , , , |

CPA Burnout is Real: Take These 5 Steps to Push Through

Are you distancing yourself from relationships, feeling a loss of personal accomplishment or just overall suffering from emotional exhaustion? You could be on the dangerous road to CPA burnout. Whether your accounting firm is just starting out or growing by leaps and bounds, running your own business can be extremely stressful. You may never have imagined that your entrepreneurial dream could turn into an entrepreneurial nightmare, but CPA burnout is real. Running your own CPA business means being all things to all aspects of your business. Not only are you the boss (the buck does stop with you), [...]

2018-05-03T05:03:12+00:00 May 8th, 2018|Categories: Ongoing Management and Protection|

7 Expenses You Can Save On by Working from Home

In the past, it seemed pivotal that an entrepreneur have a brick and mortar or office location for their business. If they were unable to afford or secure one, many people would abandon their business dreams altogether. Luckily, this has changed, as more and more entrepreneurs are opening or moving their businesses to their home. In fact, there are as many as 38 million home businesses across the U.S.! Although there are many perks of running a home business, such as having a flexible schedule and improved work/life balance, one of the most notable is that you can [...]

2018-04-19T09:42:47+00:00 April 25th, 2018|Categories: Ongoing Management and Protection|

Five Ways to Optimize Your Accounting Firm Operations

If you’re like most entrepreneurs, you frequently get the urge to change the way you do things and replace them with new systems and fresh ideas. After all, spring is the time for new beginnings, and your accounting firm operations could probably use a bit of a refresh. As you well know, your operations are the crucial activities of your business, from sales and accounting to marketing and customer service. It’s important for all parts of your operations to balance and support each other. Keep reading to learn how to optimize your accounting firm operations and boost your [...]

2018-04-19T08:48:41+00:00 April 24th, 2018|Categories: Ongoing Management and Protection|

The Top 10 Mistakes Freelancers Make

Freelancing. It’s hard work! I see mixed responses on the faces of people when I tell them that I earn money as a freelance writer. Most people appear impressed and assume that I jet around the world from assignment to assignment. But the truth is, it’s a real job that takes a lot of effort. From marketing my own services to delivering content to clients, I own the process from start to finish. It’s a big responsibility. I often have new freelancers ask me how I’ve made a living in this crazy industry. It really is a lot [...]

2018-04-12T06:20:12+00:00 April 19th, 2018|Categories: Ongoing Management and Protection|Tags: |

Pre-Employment Screening Helps You Get to Know Your Candidate

An application is the first step to getting to know a candidate. The next step is when you are able to have an in-person interview with the candidate and see what they’re like in person. Interviews are usually an opportunity to get a deeper look at the candidate- analyze their mannerisms, learn about their personality and ask them questions that weren’t on the application. While you may feel that you know a candidate after an interview, do you really? Or do you just know what they told you? While your default reaction may be to just take a [...]

2018-03-07T07:59:29+00:00 April 5th, 2018|Categories: Ongoing Management and Protection|Tags: |

6 Tips to Improve Employee Appreciation Programs

The secret to creating a work environment employee’s want to work is to recognize their hard work in creative ways that will be appreciated. Employee appreciation programs need to be researched before implementation, and the conversation starts with employees. It is one of the best ways to retain top talent in a workforce of professionals that often feel disengaged at work. Start a Conversation The best source of information to enhance the employee experience starts with, employees. It can be achieved with one of the following strategies: A survey with open-ended questions Town hall meeting: Invite all employees [...]

2018-03-07T07:59:52+00:00 March 29th, 2018|Categories: Ongoing Management and Protection|

Can Accountants and CPAs Help Clients File an LLC?

This weekend there was a question posted on Facebook asking this very question. Can accounting professionals, like CPAs or staff accountants, help their clients file LLC formation documents? Is this considered "practicing law" or is it part of a firm's standard accounting services? Here is the Original Question   Here is an answer from a group member:   This woman hits the answer spot-on. Since this is such a great question, I believe it deserves exposure outside of Facebook so I wanted to cover it on our blog as well. Here was my answer inside of the Facebook [...]

2018-03-27T12:29:35+00:00 March 27th, 2018|Categories: Ongoing Management and Protection|Tags: |

Symptoms and Remedies for 13 Common Entrepreneurial Pitfalls

It seems that everyone on Instagram is an Entrepreneur or CEO. What used to be a high risk and scary choice, has now been glamorized into fast money, luxurious lifestyles, and ready-set-go businesses. A picture is worth a thousand words, but the stories behind the glossy pictures are anything but fancy. I know the true stories of self-doubt, self-sabotage, and business burnout. Over the years I've seen the same 13 challenges and entrepreneurial pitfalls in myself, my clients, and other entrepreneurs: Not Having a Clear Focus/Mission Trying to Be All Things to All People Lack of Revenue Diversity — [...]

2018-01-26T07:47:16+00:00 March 15th, 2018|Categories: Ongoing Management and Protection|Tags: |

How Will 2018 Tax Reform Affect Your Small Business?

It seems like you just got your business taxes handled for 2017, and now you have to start worrying about 2018 taxes. That’s because the tax reforms signed into law last December under the Tax Cuts and Jobs Act will most definitely affect your business taxes—and possibly your company’s legal structure as well. Sole proprietorships are the most common form of business organization in the United States because they are easy to form and offer the owner complete control of the business. Profits are passed through to the owner, and business income and expenses are reported on the individual’s [...]

2018-03-07T05:11:31+00:00 March 8th, 2018|Categories: Ongoing Management and Protection|Tags: , , |

Why All Home Businesses Need Professional Indemnity Insurance

Professional indemnity insurance, also known as errors and omissions insurance, is a policy that covers the legal costs and expenses during your defense against a client. If a Client has accused you of inadequate services, designs or advice they may want to take you to court if they felt they have lost money in the situation. Working from home can be a great experience in life but if you aren't fully protected and a problem escalates, you can be left vulnerable with no one to turn to. People can put off getting professional indemnity insurance especially whilst starting [...]

2018-03-12T11:16:00+00:00 March 7th, 2018|Categories: Ongoing Management and Protection|Tags: |

7 Steps to A Healthier Workplace

It’s no secret that working a desk job comes with its share of health risks. According to The Washington Post, working at a desk can result in elevated risk of heart disease, over-productive pancreas, colon cancer, a strained neck, poor circulation, degenerating abdominal, hip, and glute muscles, and softer bones (among others). So what can you do to combat the negative health impact of sitting all day in an office setting? Good news: there’s plenty you can do to make your workplace healthier. Whether you’re a concerned employee, or a small business owner looking to do right by [...]

2018-02-26T09:28:49+00:00 March 7th, 2018|Categories: Ongoing Management and Protection|

3 Things to Consider When Choosing a Tax Preparer

Since Donald Trump took office just over a year ago, there have been few major legislation that have passed. One that did squeak through was the GOP tax reform, and with mixed reporting on who the tax cuts will benefit, when, and how long for, individuals and businesses may feel swamped by the conflicting information they have been reading and hearing about in the last few months. With dire consequences for incorrect filings, the biggest shake-up to taxes in thirty years has left many feeling anxious about what these changes mean for them. The Tax Cuts and Jobs [...]

2018-02-15T03:30:09+00:00 March 1st, 2018|Categories: Ongoing Management and Protection|Tags: , |

Tax Season Survival Kit for Accountants

No matter what your industry, you know when your busy season is about to start. For retailers, it’s the holidays; for florists, Mother’s Day and Valentine’s Day; for water parks or surf schools, summer. For accountants, of course, it’s tax season, where you can generate half your annual revenue or more for your accounting during these busy months. But how do you handle the extra workload during tax season without losing your sanity? Our tax season survival kit for accountants can help. 10 Steps to Help Accountants Survive Tax Season Step 1. Create a Game Plan You can’t go [...]

2018-04-20T11:20:43+00:00 February 27th, 2018|Categories: Ongoing Management and Protection|

Small Business Tax Advice and Survival Guide

Tax season comes to all businesses big and small, and can be a headache no matter how well you think you’ve prepared. For a small business owner wearing many (or all) hats in the business, it’s an unwelcome extra task sure to cause late hours and frayed nerves. To handle the additional workload during tax season, CorpNet offers some small business tax advice and presents our Tax Season Survival Kit for business owners. Step 1. Gather All Necessary Documentation The first step in preparing for taxes is gathering any necessary documentation. Ask your tax accountant for the list [...]

2018-02-26T07:58:08+00:00 February 26th, 2018|Categories: Ongoing Management and Protection|Tags: , |

5 Proven Strategies to Retain Top Talent

According to a recent report by the U.S. Bureau of Labor and Statistics, 3.3 million Americans voluntarily left their jobs in December 2017. That number accounts for 63% of total separations between employees and their employer. According to this 2016 Human Capital Benchmarking Report, the average cost per hire to replace an employee is $4,129 and the average time it takes to fill a position is 42 days. Both could rise in 2018. It’s expensive, time-consuming, and a drain on company resources to hire and train an employee to replace a great team member who leaves. And in [...]

2018-02-07T06:31:13+00:00 February 21st, 2018|Categories: Ongoing Management and Protection|

How to Budget as a Freelancer

Creating a budget as a freelancer shouldn’t be any harder than it is for any other small business. And yet, the rollercoaster ride of finding and keeping clients, collecting invoices, marketing your business and juggling all of this yourself can create major budgeting headaches. Income predictability is a challenge unique to freelancers, according to a recent survey by Upwork and Freelancers Union. Fortunately, there are many simple steps you can take better learn how to budget as a freelancer. Step 1: Keep Business and Personal Finances Separate Even if you used personal assets to start your freelance business, [...]

2018-01-18T06:19:50+00:00 February 15th, 2018|Categories: Ongoing Management and Protection|Tags: , , , , |

Internet Sales Tax Rules for Small Business

Whether you’re just starting your e-commerce business or adding an e-commerce store to your existing brick-and-mortar, it’s crucial to fully understand internet sales tax rules. In the United States, sellers are only required to collect sales tax from buyers in states where they have “sales tax nexus” or a significant presence in a state. You always have sales tax nexus in a state if it is your home state and/or if you have an office, store, warehouse, sales representative, or employee located in that state. The government also considers you have nexus if you sell products in a state’s [...]

2018-01-24T04:32:53+00:00 January 23rd, 2018|Categories: Ongoing Management and Protection|Tags: |

Top 9 Changes From the 2018 Tax Code Updates

As the 2017 year comes to an end, we enter into a new year with a new tax code for both individuals and corporations. In fact, the recently signed the tax reform bill represents the most significant tax changes for the United States in more than 30 years. Many clients have reached out to us with questions and concerns as to how this new code would impact them at both the personal and business level. To make these changes easier to understand, we’d like to highlight the main points and changes we can expect in 2018. The most [...]

2018-01-08T07:57:31+00:00 January 8th, 2018|Categories: Ongoing Management and Protection|Tags: |