Tax planning is more than just filing your returns. It involves seeking and adopting techniques that can help reduce tax owed. With that, October to Early November is the best time of year to start tax planning. NOT December. Why??? It’s before the holiday madness AND before the end of year, so that you can…
I’m sure you’ve heard of a Profit and Loss. It’s what every loan officer asks for, determines your tax liability and is one of the most important and informative reports on how your business is doing. Here is some information to help you understand your Profit and Loss (P&L)
Tax time can be even more stressful when you owe Taxes, especially if you aren’t prepared. You can lessen the burden by estimating what you’ll owe BEFORE the year ends. Giving you more time to save and make that April 15th tax bill more manageable. We can do this for the current year or even…
Some of these common tax return mistakes might sound silly, but you’d be surprised how often they happen. We’re here to make sure your return is filled out and filed properly, but more importantly we want to make sure you maximize your return and pay the least amount of taxes you’re legally required to.
It’s very common for small business owners to do their own books, or have a family friend do them, as it’s not viewed as important as making money. So it becomes a low priority, and the ‘detail’ and ‘quality’ of the financial data often suffers. Our ‘Clean Up’ Service goes back through your books and…
People are often afraid to move their 401k away from a previous employer for fear of having to pay penalties. There are ways to move a 401k without paying penalties, as well as ways to minimize any penalties. We’re here to answer any questions you have on moving your 401k.