The last thing anyone wants is a letter from the IRS. For small business owners, though, it's not just a nuisance; communication from the IRS can bring with it very real stress, anxiety, and disruption to your daily operations. Fortunately, being aware of and understanding what might prompt an audit sets you up with a better chance of avoiding unnecessary attention in the first place. If you're a small business owner in D.C. or the surrounding area, here's what you should know about the most common IRS red flags and how to steer clear of them.

As another year comes to a close, most small business owners are assessing health insurance plans to find the best options to benefit their employees and themselves. As one of those small business owners, you know health insurance is a major investment and that the right choices can make a world of difference in terms of company finances and employee satisfaction. With medical debt as a leading cause of bankruptcy, making sure employees have the coverage they need without overpaying is more crucial than ever. Here are a few tips to help you support your staff while making informed health insurance decisions and exploring opportunities to save during tax season.

As your business grows, it's essential to ensure that your business structure continues to align with your goals. Whether you're adding new products, changing ownership, or simply evolving, the structure of your business can have significant tax and operational implications. Let's explore some of the most common business structures—Hobby, Sole Proprietorship, LLC, S-Corporation, and C-Corporation—and what they mean for your company.