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 »
Many parents are looking for ways to save for their child’s education. A 529 Plan through a Gilbert Tax Professional or accounting expert is an excellent way to do so. Thanks to the passage of tax reform legislation in 2017, 529 plans are now available to parents who wish to save for their child’s K-12
Saving for Education: 529 Plans Read More »
Do you know the difference between accounting and bookkeeping? When many small businesses open up, the owners sometimes use those terms interchangeably but they do have noticeable differences. In your small business, you have to keep up with both functions. Here are the differences between accounting and bookkeeping: Bookkeeping is the process of the record-keeping of all financial transactions
What is the difference between Accounting and Bookkeeping? Read More »
As experienced business owners and bookkeepers, we have worked with multiple small business owners, partnering with them to help make their endeavors successful ones. We’ve learned there are fundamental items that successful business owners incorporate into their daily practices that less successful owners may not.If you are looking to expand your business and increase your
Steps To Take In 2013 To Make Your Business More Successful Read More »
Taking the time to have your paperwork in order will not only make your accountant’s job simpler, it allows you to track items throughout the year. Entrepreneurs need to be cognizant of the need for precise record keeping, especially if they find the need to seek financing.
Year-End Financial Wrap Up Plans For Business Owners Read More »
It is estimated that there are more than eight million individuals claiming the independent contractor status for tax filing and of those, close to 90% are not paying the correct amount of taxes according to the IRS.
Protect Yourself From IRS Fines: Independent Contractor Versus Employee Differentiations Read More »
Successful small business owners will at some point reach the stage where they, if they want to continue to grow, will need to bring on an employee or two. This is a daunting task for many business owners as hiring the “perfect” employee is every manager’s wish. One must be diligent in hiring and seek
Keys To Hiring The ‘Best’ Employee Read More »
When it comes to accounting and bookkeeping, for many people it appears a complicated, daunting task. The bottom line though, is that accounting is the way in which you track income and expenses so that you know whether your business is making or losing money. While there are no “one size fits all” method of
Small Business Accounting Basics Read More »
Payroll outsourcing, many entrepreneurs find, is a bottom-line money-saver; the main reason for this is the myriad rules, regulations and filing deadlines that are associated with payroll functions and the time it takes to learn, understand and apply them. The outsourcing of payroll will also save the business owner both time and money and both
Why You Should Consider Outsourcing Your Payroll Read More »
Press releases, television appearances and social media are three ways to be known in your community. As an entrepreneur you also need to look outside of the box. You don’t want to be known as just one of the many service providers in your community – you want to be known as THE service provider;
Find Ways To Be Known In Your Hometown Read More »
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3303 E Baseline Rd, Suite 107 Gilbert, AZ 85234
