No matter how you slice it, if you’re a C or an S corporation, September 15 is the last day to file if you have filed an extension. We’ve been over this time and again, but just like Christmas, even … 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.
A New Twist for Homeowners in the New Tax Bill
When the tax bill passed last year, there was a lot or press given to the new 20 percent break for “pass-through” businesses. For a lot of hourly and salaried employees, it was just another example of how business owners … Read More
Still Haven’t Filed? No Problem!
Don’t make it harder than it has to be! I know, in the back of your mind, you keep thinking “I’ve got to get this stuff to Jupiter Tax” but life keeps getting in the way. Weather, work, kids, dinner. … Read More
MAKE THAT SUMMER JOB A SUMMER SCHOOL
It’s that time of year again – a whole new crop of young people have gone out and gotten themselves their first job. Maybe it’s flipping burgers, maybe stocking in retail, or maybe they’ve opened a Shopify store. No matter, … Read More
Making a Small Business a Big Business
Have you ever studied Tom Watson and how he created the colossus that is IBM? For starters, he envisioned how IBM would look before he started making moves and changes and he spent a great deal of time trying to … Read More
What is the EITC and How Do I Qualify?
Nothing is more misunderstood than the Earned Income Tax Credit (EITC). Period. Here’s the deal: the EITC was initially designed to provide support for working parents – as any parent knows, there are PLENTY of costs associated with raising kids. … Read More
5 Things to Be A Better Business Owner
Let’s face it – most training is only designed to do one thing – make you better at what you do. More efficient, faster, and better on the Job. Most of the time, training – as its sold to business … Read More
What Are The Rules for W-2s
Perhaps no other form is as misunderstood as the lowly W-2. “Expert” employees attempt to lecture managers every year about what can and cannot be done with a W-2 and each year, our team in the office fields scores of … Read More
Are You Working IN Your Business or ON your Business
An interesting thing happened a few weeks ago when a friend of mine started having the inside of his house painted. He met with the painter who walked him and his wife through the entire process of how his company … Read More
Frequently Asked Questions About the 2017 Tax Year
Happy New Year! Every year, about this time, me and the team field call after call that starts with something like “…I forgot to ask you…” Fear not! We’ve been taking notes and we wanted to give you a few … Read More