Articles

Richard Streitfeld – Buddhist Mensch

What’s the Use Tax?

You know about sales tax.  But did you know about state “use tax”. If you did and you ignored it, you have plenty of company. But now, Rhode Islander’s — especially businesses — need to understand and account for it. Use tax is essentially sales tax that does not get charged at the point of
+ Read More

Richard Streitfeld – Buddhist Mensch

Tax Wish-List
Campaign Season Edition!

Q: I borrowed $300,000 to go to law school. Now I am finally able to make a modest living but my income is “too high” to deduct my student loan interest. That’s Chutzpah! Ellen Dershiwitz, Attorney A: Yup! Don’t you love it? You borrow money to go to school to get a good job, then when you
+ Read More

Richard Streitfeld – Buddhist Mensch

Celebrating Social
Entrepreneurship

There is a new wave afoot in the land; “Social enterprise.” Phrases like “double bottom line and triple bottom line.” Business entities like “B Corp” and “L3C.” What’s all the fuss? Social enterprises typically offer an altruistic form of entrepreneurship that address a societal need while providing a service or selling a product. These “social
+ Read More

Richard Streitfeld – Buddhist Mensch

What’s New in Social Security for 2016? More than You Think

I wrote this piece for elderresourcesofri.com , where you can read the entire article. Elder Resources is a network of professionals, including ALSD founding partner Michael Aaronson, who provide services to seniors and their families. “Congress quietly enacted a major change to Social Security. No one’s current benefits are affected, but the potential for higher
+ Read More

In Our Own Words

Who We Are. What We Do. In Our Own Words. See the video.

Richard Streitfeld – Buddhist Mensch

Frequently Asked Questions:
Demystifying S-Corp Distributions

Q: How do we take distributions from our S-Corp? –Sol Sagan, Billions and Billions of Stars, Inc, Scituate A: Structured properly, distributions from an S-Corp can save the owners thousands of dollars annually in payroll taxes. How? Distributions are profits remitted directly from the company to the owners without going through payroll, therefore not subject
+ Read More

Richard Streitfeld – Buddhist Mensch

Zen and Now
A Few Best Practices for 2016

The beginning of the year is a good time to check your withholding allowances. Are you perpetually behind, or need more money in your paycheck? Remember that you can claim any filing status and number of exemptions on the W-4 for your regular withholding during the year. Read my article. Don’t rely on 1099’s to tabulate your income,
+ Read More

Register Your New Rhode Island Business

Registering a New Business
in Rhode Island

  Here are the steps and links to forming a new (for-profit) business. We strongly advise you contact an advisor (an accountant or lawyer) to help you with the decisions and implementation. Decide on your legal structure – Corporation? LLC? Partnership? Decide on your tax structure – S Corporation? LLC taxed as a partnership? As
+ Read More

Ed Drozda– Small Business Doctor

Small businesses are a lot like countries; they both need ambassadors. Did you think you’re too small for that? Not so fast. Even if business is booming why wouldn’t you want people looking out for you and spreading the word? After all, that’s what ambassadors do and if you don’t already have them it’s not so
+ Read More

Registering for Sales Tax–
a Multi-State Guide for Artists and Others

Sales tax is not fun.  No kind of tax is fun, but sales tax can be particularly daunting, and it is also considered “low hanging fruit” by many state jurisdictions.  Add to that the challenge of filing in multiple states if you are a working artist who participates regularly at shows around the country and
+ Read More

1 2 3 4 5 6 7 8