You might feel relief since the calendar has moved past April 15th and tax season, but don’t get too comfortable yet. Having just wrapped up another busy season, it’s now time to shift gears to start planning for 2015. No one enjoys paying income tax, but unexpectedly...
Recently many of our clients who own small businesses have asked us about the advantages of having their businesses structured as LLC’s versus S-Corporations. Before making this determination it’s important to have a basic understanding of similarities and...
QuickBooks® can be a valuable tool to help your business keep track of daily operations. Our Quickbooks team prefers the flexibility and functionality of QuickBooks Online, however all versions of QuickBooks can offer benefits for your company. Here are some...
The beginning of a new year is a time when many people set goals, establish resolutions, and look optimistically at ways they are going to improve themselves over the next 12 months. While the majority of these tend to be fitness related, financial, involve learning a...
On Wednesday, Dec. 3, the U.S. House of Representatives passed a $42 billion package that would extend the nearly 50 tax provisions in the “tax extenders” bill through the end of 2014. With the end of the tax year approaching quickly the lame duck House approved the...
When considering filing for bankruptcy, it’s important for individuals and businesses to be aware of certain requirements and caveats for tax purposes. Tax Filing(s) According to IRS Publication 908, Bankruptcy Tax Guide, the Bankruptcy Code requires a debtor to file...
