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Kevin McKernan Kevin McKernan

National Small Business Week: Tools for Business Owners and Entrepreneurs

National Small Business Week 2026 highlights valuable IRS tools for entrepreneurs and business owners, including Business Tax Accounts, IRIS e-filing, digital tax forms, and IRS Secure Messaging. Learn how these platforms can streamline tax compliance, improve record access, simplify filings, and help businesses manage IRS communications more efficiently and securely.

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Kevin McKernan Kevin McKernan

Failure of Owner to Deposit Employment Taxes Results in Loss of Passport

Failure to pay employment taxes can lead to serious consequences, including passport denial or revocation. The IRS may certify seriously delinquent tax debt over $66,000 in 2026 to the State Department via Notice CP508C. Learn how federal tax liens and levies trigger enforcement and what business owners should do to avoid these penalties.

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Kevin McKernan Kevin McKernan

Successful Succession Planning

Succession planning is critical for the long-term success of a business, but many plans fail due to common pitfalls. A narrow focus on the leadership transition, neglecting key business operations, family members opting out of leadership roles, and a resistance to change often hinder successful outcomes. However, a well-prepared business significantly increases its chances of a smooth transition and higher sale value.

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Kevin McKernan Kevin McKernan

Business Succession Planning

As a business owner, estate planning isn't just about protecting your personal assets—it's about ensuring a seamless transition of your business to the next generation or your chosen successors.

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Kevin McKernan Kevin McKernan

Business Succession Planning

Business Owners: Estate planning is more than just safeguarding assets—it's about securing your business's future. Learn why estate planning matters for business owners and discover key components of effective succession planning…

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Kevin McKernan Kevin McKernan

MASSIVE NEW FEDERAL REPORTING REQUIREMENTS WILL START IN 2024

Individuals who own 25% or more of a limited liability company, partnership, or other small entity that owns real estate or runs a small business, or who have substantial control over any company, will be required to register in a new federal database beginning in 2024.

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