Understanding how to budget for taxes is crucial for business owners, particularly those operating as a Single Member LLC or a 100% owner of an S-Corporation. Both structures offer distinct advantages and tax implications, so let’s break down the key differences and provide a straightforward approach to determining your tax budget. Single Member LLC A…
The Internal Revenue Service (IRS) is responsible for collecting taxes in the United States, and part of their efforts include auditing taxpayers to ensure compliance with tax laws. While audits can be a stressful experience, it’s important to understand that the majority of taxpayers are not audited. According to the most recent data from the…
If you’re a small business owner, it’s important to make sure you’re up to date on all your tax obligations, including preparing and filing your 1099 forms. Here are a few tips to help make the process as smooth as possible: Start early: Don’t wait until the last minute to gather all the necessary information…
People toss around the words, “Roth IRA” and “Traditional IRA” in everyday casual conversation, but how are they different? What are the advantages to having one over the other? This time of year, many people are considering ways to save for retirement. If you are self employed or do not have a retirement option at…
Ever wonder what you need before you start to pay your first employee? Check out this video for a quick overview what you need so that you do it right the first time.
Most Millennials are stressed out with their finances. One of the best things you can do at an early stage is to sit down with a Financial Advisor to give you an objective plan to set you on the right course.
https://www.youtube.com/watch?v=plMkD9YOnPM&t=11s
Had a chance to sit down with Bill Matteson from MCB Consultants to talk about year end IRA strategies. Here is what he had to say!
Discover what you need to do to get your business over the finish line in 2017, and learn strategies that you can implement now to make 2018 even better. This workshop is hosted by Justin Miller of Universal Bookkeeper, Paul J. Pimpinella of Compson & Pimpinella Real Estate and Elder Law, and William Matteson of…
Hi Everyone, If you are like me, then you sometime want to see how your tax return would fare if you were to have more money withheld from each paycheck. TaxAct has a great tool that will allow you to play with the numbers and it will automatically calculated a populate a W-4 for you.…