There is nothing worse than paying a penalty when you could plan better, right? That’s exactly what this is all about. There are several ways they creep up on you so beware below……. Article Highlights Taxpayers can be hit with underpayment penalties if their withholding and estimated payments are too low. Underpayment penalties can be [...]
I love franchises. Who doesn’t love a business that is completely replicable? They are created to provide the same experience to the customer no matter the owner or location. Franchises spend an exorbitant amount of time and money making sure that they train and prepare the franchisee to create the same experience. As a young [...]
It’s that time of the year! Yes, it’s the holiday season. I think the holidays start earlier and earlier every year but I don’t mind. I say bring on the Hallmark Christmas movies….. but before we really get into the holiday spirit let’s discuss one thing. Preparation Generally, those who plan well in November rarely [...]
Although The Wilderness is a scary unchartered territory, it can be a very strange mixture of beauty and danger that dazzles and brings out the best in you. It’s a new revelation that brings excitement and fear all at once. It is a place where you come to heal from times of brokenness. Why are [...]
Is that a catchy title or what? I think about these titles for weeks prior to actually putting it down on paper. I also think about what I want to say and how I can help business owners. As a small business owner we are bombarded with all kinds of information on a daily basis. [...]
The tax law provides a credit for small business employers in 2010, 2011, 2012, and 2013 that pay the health insurance premiums for their low- to moderate-income workers. This refundable credit can be as much as 35% of the insurance premiums paid by the employer. To qualify for the credit, the employer can’t [...]
Can you all say “yeah for simplification?” Anytime the IRS gives us an opportunity to simplify the current system I get excited! All those who have a home office will to. Effective for tax years beginning in 2013, taxpayers can elect a simplified deduction for the business use of their home. The deduction is $5 [...]
Savvy business owners use a Certified Public Accountant to help with their taxes, knowing that training and experience can help to dramatically boost tax savings. But a good CPA is more than just a tax advisor—he or she is a business expert who can help with a range of financial and business development concerns. If [...]
…and How a CPA Can Help Most business owners would rather suffer through a root canal than be subject to a tax audit. Even for those who keep meticulous records and adhere to all state and federal regulations, the auditing process can involve weeks of anxiety and tedious red tape. Without professional guidance, most taxpayers [...]
No business owner looks forward to the chaos of tax season. When you’re already juggling customer service, marketing, and business development, it can seem virtually impossible to make time for preparing your financials. That’s where your CPA comes in. If you think an accountant’s role is limited to preparing and filing annual tax returns, it’s [...]