It’s Monday—Back to Business! Growing a business can be stressful, but you don’t have to stay in a constant state of growing pains. There are a few ways to take your company to the “next level” but most of them require using more of your resources. Instead of spending more to earn more, my suggestion…
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It’s 10:00 pm on April 15th and your tax return hasn’t been filed with the IRS. This leaves you with two choices. You can either not do anything about it and suffer the wrath of the IRS, or you can file a one-page tax extension. If you file an extension form, it’ll give you more…
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Business is fluid. A lot like water in a river, it is constantly flowing and transforming over time. To be successful long-term, you must adapt to the new things your industry brings you. Examples of change in business could be: new technology (point of sale systems in retail), industry trends (price bubbles in real estate), or unanticipated events (loss…
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Moving houses can be an extremely chaotic, time-consuming experience to say the least. Usually, we’re worried about moving the furniture and switching our cable providers. So, what else is there left to do? You need to let the IRS know that you moved houses and complete an IRS change of address form. First of all,…
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Do you know how to calculate estimated tax payments? You owe quarterly payments if you receive any income from which the tax isn’t already withheld (which is most paychecks). Because the IRS will charge fees for underpayment it’s important to pay the correct amount. Many of our clients use us to help estimate their payments…
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Many private company owners who borrowed Paycheck Protection Program (PPP) funds have questions on how to account for the initial loan and subsequent forgiveness. Primarily, does the accounting follow existing debt guidance, or is the loan, in substance, a government grant? Two methods are available to you as a result of two different accounting standards.…
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