Blog
Should I Form An LLC For Consulting Work?
Owning your business means responsibility for everything, from the little details like choosing your CRM and what brand of coffee to buy for the office to major decisions like deciding to go into business debt vs. using cash to grow your business. Some business...
Can I Claim the Earned Income Tax Credit if I’m Self-Employed?
Choosing the self-employed life has many perks. You can be your own boss, set your own hours, and pop out for coffee, a workout, or even a little retail therapy anytime you want. But being self-employed has its setbacks too, especially when it comes to taxes. People...
IRS DELAYS NEW THIRD PARTY PAYMENT PLATFORM RULE FOR 2022 TAX SEASON
WHAT YOU NEED TO KNOW FOR THE 2023 TAX YEAR If you’re a small business owner, freelancer, or self-employed, you probably sometimes get paid through third-party payment platforms like PayPal and Venmo. If so, the IRS’s newly modified tax rule requiring such platforms...
Is Business Coaching Tax Deductible?
Business coaching, a service in which an experienced professional helps another business owner improve their company, has taken off in recent years. Many small business owners view business coaching as one of the best investments they can make for success. After all,...
What To Look For When Choosing a Tax Professional
At first glance, choosing a tax professional for your small business seems easy enough. You Google "tax professionals near me," read a few reviews, and book some interviews. Simple, right? Well, no. As a tax professional with more than a decade of experience, I still...
Clean Vehicle Tax Credit
As the public interest in climate-friendly investments grows, we will continue to see developments set by global and local governments to incentivize individuals and businesses towards more climate-friendly choices and operations. One such development can be found as...
Business Feeling Tight? Here are 3 ways a licensed Tax Pro can help.
Most business owners know the crippling anxiety an economic downturn can bring. When will things improve? How can I position myself to best protect my business assets? Is this downturn permanent? (Hint: it’s not!) And so it goes. In times like these, plenty of...
What’s The Deal with Depreciation?
Whether your business is young or well-established, you've probably spent a lot on necessary tools and services. Payment platforms, computer equipment, dedicated phone lines, and office supplies are just a few items you need when operating a small business. Although...
3 Common S-Corporation Mistakes
When starting a business, it’s common to wonder how you should structure your organization. One common structure is the S-Corporation, or “S-Corp.” S corporations pass corporate income, losses, deductions, and credits to their shareholders for tax purposes. This means...
More Money, More Taxes: How Do I Make My Estimated Quarterly Payments?
Imagine this: it’s the middle of the fiscal year and your business has already grown exponentially. First, congrats! You’re killing it! Second, what are you planning to do with your additional income? Invest back into your business? Create a rainy day fund? Pay...
Let's work together
Ready to become a tax savvy business owner? Click the link below and find out which package is a good fit for you. If you find one that meets your needs, we invite you to complete a Client Application Form.