Finding the right CPA to help address your specific needs can be a big decision and one that should be taken seriously. It is sad to see someone spend more time looking for the right summertime swimsuit with the perfect Read more…
I’ve had clients who make 14 million dollars a year ask me this question and clients who made 14 thousand dollars ask me this question. Let me give you a phrase to remember. The phrase is simply “Ordinary and Necessary.” Read more…
Before you even begin to launch your business plans, you need to determine the right entity formation. There are several options to choose from. Many smaller businesses might opt for a sole proprietorship, partnership, or LLC. Your choice will depend Read more…
Even the smallest of businesses often have the letters “LLC” after them. Family owned diners, hair salons, even freelance workers often incorporate themselves when they are operating with a lot of volume. If you are one of the many considering Read more…
Almost everyone has some form of tax anxiety, whether it is for your personal or business taxes. This anxiety can stem from the fear of audits, the unknown of what may happen, or the amount paid in or owed in Read more…
As the name implies, a living trust is a trust created during the lifetime of the trustor. A living trust transfers legal ownership of property from a person into the guardianship of the trust during their lifetime. As you are Read more…
Side hustles are getting to be as common as some of the hobbies which lead people to try to make a little extra from home. Some have used the layoffs of our uncertain economic climate as a push to take Read more…
The IRS has a special schedule on a tax return for rentals. A schedule is normally an appendage to either a business or a personal tax return. A Rental is reported on a Schedule E. This is where you can Read more…
We all know the old saying: if you fail to plan, you plan to fail. This is true in business. It seems that most people let out a collective sigh after April 15th. This is not true with business owners. Read more…
What’s in a name? That which we call a rose by any other name would smell as sweet.” Or, so Juliet believes. In the real world, people make snap judgements based on the first observations that they make. Your business Read more…