by 5 Star Accounting & Business Solutions LLC | Jun 30, 2026 | Uncategorized
Quick Answer: When you dispose of broken business equipment, its depreciation stops immediately, allowing your bookkeeper to record the remaining book value as an instant financial loss on your ledger. Properly removing these ghost assets from your books... 
by 5 Star Accounting & Business Solutions LLC | Jun 23, 2026 | Uncategorized
Quick Answer: Selecting the optimal entity type for business success requires matching your structural framework to the daily operational workflows and financial risks of your specific industry. A mismatched setup can choke your cash flow with unnecessary... 
by 5 Star Accounting & Business Solutions LLC | Jun 16, 2026 | Uncategorized
Quick Answer: Small business owners can minimize credit card processing fees by switching from a flat-rate provider to an interchange-plus plan, which passes the true wholesale cost of a swipe straight to you. You can trim costs even further by routing... by 5 Star Accounting & Business Solutions LLC | Jun 3, 2026 | Uncategorized
Quick Answer: The Section 45S tax credit allows eligible small businesses to offset up to 25% of paid family and medical leave wages or commercial insurance premiums under permanent federal guidelines. To claim these savings, your business must have a... 
by 5 Star Accounting & Business Solutions LLC | May 28, 2026 | Uncategorized
Key TakeawaysPaid summer interns must be classified as W-2 temporary employees rather than 1099 independent contractors because they operate under your direct supervision and training. To legally hire an unpaid intern, your program must pass the strict DOL... by 5 Star Accounting & Business Solutions LLC | May 26, 2026 | Uncategorized
*This guidance is based on CBP’s April 2026 CAPE/IEEPA refund guidance, current ACH refund enrollment rules, and general federal tax recovery principles as of May 15, 2026. Your facts may require coordination with your customs broker, trade counsel, and tax... 