Now that we’re on the backside of 2018, we’re at a critical time to review and check in on strategies that you may or may not be deploying for your business and investments. While my team and I are experts … Read More
Do You Need an S-Corp?
If you operate your business as a sole proprietor or in a group as an LLC, the S-Corp election might be just want you need! Now, if your profit is less than 50,000 a year then the extra complexity is not worth the small amount of tax savings. But, if you gross over 50,000 it is worth running the numbers to see how much you could save and what other tax/ business/ and retirement advantages you could set up.
Getting in touch with your finances this fall
Back to School shopping has ended and Christmas shopping hasn’t begun so there is plenty of time to do a little “financial cleansing”. Why? Every once in a while, it’s a good idea to stop and think about how and … Read More
Small Businesses: Stop and Quit Spending
Here we are, past the halfway mark of 2018 and guess what? If you’re like a lot of companies I’ve been talking to, you’ve spent too much already this year. Not that you’re not making it back, but the budgets … Read More
Tax Planning: Is It Too Early?
If there’s one thing that we’ve learned from tax season, it’s that every year, we see first-time filers struggling with software, tax codes, and sifting through paperwork they aren’t sure they need. With the new “gig centered” economy – Uber, … Read More
Building a Company or Building a Job?
This month, we’ve spent a lot of time developing the ideas of entrepreneurship versus small business ownership and I wanted to ask you to play a little game with me for the next two weeks. It’s really simple and won’t … Read More
Don’t let Form 940 Trip You Up
Now that we’ve made it past April 15th, accountants and business owners all over the country are breathing a collective sigh of relief. One thing we run into every year, though, that trips up new entrepreneurs, is handling and accounting … Read More
Understanding the new normal of quarterly tax payments.
This month’s newsletter took a deep dive into the new “gig” focused economy that many “regular” wage earners are playing a role in with side jobs in companies like Uber, Lyft, and UpWork. What a lot of folks forget about … Read More
What kind of an Entrepreneur are you?
There’s a veritable gold mine for companies that study and collate information about small business owners and entrepreneurs. After all, every one of them is a likely source of either good news or bad news and many – if not … Read More
Why Do We Like Charitable Companies?
Companies long ago mastered the idea of “giving back” for a lot of reasons – some based on tax benefits and some on completely altruistic grounds. In many cases, the idea of giving back usually didn’t mean giving away profits, … Read More
ARE THERE MORE TAX BREAKS ON THE HORIZON?
While the U. S. tax law that was passed last year is giving homeowners some new options, California homeowners and renters could receive more tax breaks under a proposed initiative for the November 2018 state ballot. The reason is simple, … Read More