Nellie Akalp

Delaware has long been known as one of the most business-friendly states, but for the past several years, companies have been moving for several reasons.

When an accounting firm acquires or merges with another firm to expand its market reach, its owners must consider how that will affect their business.

Now is an excellent time to expand your horizons and target millennials and Generation Z.

Business clients have additional tasks to tackle when branching out across the country.

As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed.

There are ways the business owners can continue to operate in the other states.

Whether someone incorporates their business now as the year comes to a close or waits until the new year can affect their company in various ways.

It's critical that business owners comply with their state's rules, or they could face fines and other penalties.

If you have clients with employees in more than one state, they must pay attention to the payroll-related rules and tax responsibilities in the states where those staff live and work.

A professional title infers a level of authority, responsibilities and legal accountability, so it's important to choose wisely.

The Qualified Business Income tax deduction of 20% is set to expire in 2025 (unless it's extended), which may have clients who are starting a business wondering about the potential impact of their choice of entity.

With steep penalties of up to $500 per day for each day a BOI report is late, business owners will want to make sure they get theirs in on time.

Along with the possible requirement to file paperwork for establishing the corporation in the new state, there may be changes in tax responsibilities.

If you have clients with businesses in multiple states, product or service sales in different states, or employees in other states, they need to know a thing or two about nexus.

At some point in a business's lifetime, it may make sense to change its legal business structure.

As clients decide on the business entity type that will offer the most advantages — legally and financially — they'll have much to consider.

Clients who are the sole owner of an LLC may wonder how electing S corporation status will affect how they get paid from their businesses.

What are the consequences for the service provider and client? And what is the protocol for fixing those types of mishaps?

Many businesses have team members across state lines, and you may have clients with remote employees in other states. Payroll can get confusing and tricky in those situations!

What are the possible advantages and what should business owners think about?