January 15, 2021
Filing Deadlines and Updates
Here are a few reminders for upcoming tax deadlines.
January 31, 2021 - Filing and issuing 1099-MISC/NEC
March 15, 2021 - Filing/requesting and extension for 1120S. S Corporations must file 1120S and prepare Schedule K-1 for each shareholder.
March 15, 2021 - Filing/requesting an extension for 1065. A partnership/multi-member LLC must file 1065 and prepare Schedule K-1 for each partner.
March 31, 2021 - Apply for PPP2
November 28, 2020
Preparing for the Tax Season
Now is the time to get your financial and business information organized so you are prepared for the tax season.
Tips to get organized and prepared for the new year
If you are one of those business owners who are behind with your bookkeeping now is the time to get your books done. This will help your Tax Accountant to better advise you about things you can do before the year ends to reduce your taxes. If your books are not up to date and accurate you cannot get professional advice on how to reduce taxes.
April 8, 2020
Cares Act Summary
The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) was signed into law on Friday March 29, 2020 by President Trump. The Act brings economic relief to individuals and businesses impacted by COVID 19. We are providing a summary of the main provisions in the bill that relates to individuals and small businesses to help you understand and access relief that might be available to you under the Act.
We cover the most relevant provisions, but the bill is 900 pages long, so not everything is captured in our summary.
September 30, 2019
Three Ways to Keep Your Business on Track
Separate Personal and Business Expenses
As a small business owner, it is critical to know your cash flow: the money going in and out of your business. Many business owners make the mistake of mixing business and personal expenses. If you keep your business and personal funds in one account, it's impossible to tell how much cash your business is generating. Knowing your business cash flows will help you make informed decisions about how to manage your cash most efficiently. Read more.