OPERATING AGREEMENT NEEDED FOR NEW ARIZONA LLC LAW For Decades, Arizona Businesses have chosen to be a Limited Liability Company due to it being a preferable legal entity for construction and other industries. Other than some minuscule changes to Arizona law, many Arizona LLC laws remained unchanged since 1992. However, things have taken a little […]
OPERATING AGREEMENT NEEDED FOR NEW ARIZONA LLC LAW Read More »
Of all the business entities someone could form, the S corporation is by far the most misunderstood. This is because the S-Corp is a tax designation rather than an actual business entity. Both limited liability companies (LLCs) and corporations can file to be taxed as an S corp. However, no state offers entrepreneurs the option
The S-Corp Tax Election and What it Can Mean to You! Read More »
With Veterans Day approaching, we wanted to dedicate this month’s blog post to our military men and women. We salute and honor you this month and thank you for your sacrifice. Whether it be sacrificing time with your family, or putting yourself at risk, BASC Expertise wants you to know that we are thankful for
Taxes for Military Personnel Read More »
Throughout the year life happens and things go unchecked all the time. Especially when it comes to updating your employer about your filing status for taxes when a life event happens. However, understanding what filing status you should be claiming is where you should first start. Â There are hundreds of questions when it comes
Knowing Your Filing Status Going Into 2020 Read More »
Starting a new business comes with a lot of responsibility, most of which you handle on your own as a business owner. You wear the hat of every department but you’re still only one person. However, the best way to ensure that you are not going into the startup without understanding the risks is to
Is Business Planning Really That Important if I am a Brand-New Business? Read More »
Should I hire an accountant for my small business? Whether it is your Etsy shop or your local bakery, an accountant can greatly benefit your business for a multitude of reasons. At BASC Expertise we understand that running your own business can be an exciting and also stressful endeavor. You are the embodiment of the
Hiring a Small Business Accountant Read More »
If you own a nonprofit organization, it’s imperative that you’re informed on your tax-exempt status and what it means. This is important for the health of your organization, as well as the finances of your dedicated volunteers. If you’re new to the nonprofit world, you may benefit from these crucial tax tips from your small
Top 4 Tax Tips for Nonprofit Organizations Read More »
If you are a small business owner who owes back taxes, you might feel quite overwhelmed. You may be avoiding the IRS or hoping they won’t notice. Rest assured, even if they leave you be for a while, eventually, they will come for your payment, with penalties and interest to boot. If you are worried
A Small Business Accountant Can Help Your Business With Back Taxes Read More »
This time of year, small businesses are concerned about their taxes. Spring can be a time of great anxiety when you own a business because taxes are complicated. If you are a small business owner who is feeling a sense of dread when it comes to filing your taxes, here’s why a local professional accountant
Why Should I Have a Local Professional Prepare My Taxes? Read More »
If you are considering getting an extension to file your taxes, it isn’t complicated, and for some small business owners, it makes sense. However, there are downsides to this arrangement, so it’s best to make this decision as thoughtfully as possible. Here is some information on filing for a tax extension which may be helpful
Pros and Cons of Filing a Tax Extension Read More »
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