When the Time Is Right: Protecting Your Future After the Loss of a Spouse
Losing a spouse is difficult, and taxes are likely the last thing on your mind. But the tax consequences arrive on a delayed schedule that creates a valuable planning window—one that closes quickly if no one is watching. Here is the timeline: For the year when your spouse dies, you may still file a joint […]
Change Independent Contractors into Employees, Trouble Free
You have read horror stories about how the IRS audits business owners and deems their 1099 independent contractors W-2 employees—and then assesses tens (or hundreds) of thousands of dollars in back payroll taxes, interest, and penalties. Are you one of those horror stories? Okay, let’s say you are one of them. You know that you […]
Finalizing Your Small Business’ Tax Returns Before The Deadline
The deadline to file taxes is quickly approaching, meaning time is running out to make sure your small business’ tax returns are accurate and ready to submit. Here are the top three things to check over when finalizing your business returns. 1. General business information It seems simple, but always double-check that your business information, […]
End of the Year Tax Planning
Small Business Owners – Time is Running Out for Proactive Tax Planning While 2021 taxes aren’t due for months, there are some moves that need to happen before the year’s end to minimize your tax liability. Ideally, your accountant should be reminding you every fall that it’s time to check in to review the financial […]
Three Secrets of Tax Planning
Come in close. You can’t tell anyone. This is just going to be between us. The first secret most people don’t realize. Secret #1: You don’t have to be a multimillionaire to benefit from tax planning. In fact, I’ve seen people who have less than $10,000 in REVENUE for their business benefit from tax planning. […]
Is Your Quickbooks DCAA Compliant?
Is Your Quickbooks DCAA Compliant?
What You Need to Know About Government Contract Accounting
