Tax Fact: Financial Health?

by | Jun 30, 2020 | Tax Facts

What is Financial Health?Financial Health is a term used to describe the state of one’s personal monetary affairs. There are many dimensions to financial health, including the amount of savings you have, how much you’re putting away for retirement, and how much...

Tax Fact: S-Corp or LLC?

by | Jun 24, 2020 | Tax Facts

Question… Should I have an S-Corp or should I have a Single Member LLC? Limited liability companies(LLC) and S corporations share several benefits for sole proprietors, including protecting personal assets from business creditors. Choosing between a...

Tax Fact: Next Year’s Taxes

by | Jun 16, 2020 | Tax Facts

When should I start thinking about my next year’s taxes? What?! Wait! Tax season is over, why would I want to think about next year’s taxes already? We as individuals file one tax return a year, but taxes affect us each and every day, 365 days to be exact....

Tact Fact: Hobby Versus Business

by | Jun 9, 2020 | Tax Facts

Imagine if you could turn your favorite leisure activity into a successful business venture. Many Americans are now turning to what they love to earn income, whether it’s enough to quit their day job or just a fun way to cover the costs. If you are passionate about a...

Tax Fact: Do you need an Accountant?

by | Jun 2, 2020 | Tax Facts

As a business owner, an accountant can help you handle growth transitions, such as hiring employees or taking on more office space. They’ll look after the detail (payroll, employee tax management, property tax, utility payments, and so on), leaving you free to...