Tax Fact: S-Corp or LLC?

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

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

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?

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...

Tax Fact: Filed 2019 Taxes?

Have you filed your 2019 taxes? Are you wondering where your tax refund is or how to find out? Whether you owe taxes or you’re expecting a refund, you can find out your tax return’s status by Using the IRS Where’s My Refund tool. Calling the IRS at...