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Are you confident that your business is keeping good financial records for sales and Use tax? Perhaps you are worried about paying the right taxes when you should be? Our advice is to review how you are collecting, reporting and remitting your sales tax because the state is reviewing sales and Use tax through audits …
Continue reading “What you need to know about the PA 1099-K audit”
With lower tax rates in play, does rolling over traditional IRAs to Roth IRAs make sense? Let’s first outline the similarities and differences of each IRA. The most important consideration you face is deciding how and when you pay taxes on your investment. Traditional and Roth IRAs definitions Traditional IRAs are an avenue for you …
Continue reading “With today’s lower tax rates, does converting traditional IRAs to Roth IRAs make sense for you?”
From securing loans to projecting future growth needs, accurate financials make a big difference. Many small business owners may see managing financial statements as a hassle, but doing it well can mean the difference between thriving and just holding on.
Is your small business ready to offer a retirement plan to your employees? We’re covering three types of employer sponsored retirement plans, so you can start to consider which plan works best for your business. Determining which retirement plan to set up depends on: Your business entity type The # of employees How much you …
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Today we’re going to touch on the main benefits to planning a small business tax strategy, and some examples of strategies professionals use year after year.
Does my small business need a CPA? With two-thirds of small business owners personally managing three or more vital areas of their operation at any given time, it’s no surprise that their finances take a back seat. Plus, 99.6% of 2018 Pennsylvania businesses are small businesses. That’s a lot of small business owners who potentially …
Continue reading “5 Signs Your Small Business Needs a CPA”
QuickBooks offers two main versions of their accounting software, online or desktop. Each have their own tiered packages. We are often asked by business owners the difference between the two options, and which would be better for their business. We looked at QuickBooks Online versus desktop QuickBooks and found 7 major ways QuickBooks Online beats …
Continue reading “7 Major Benefits to QuickBooks Online vs. Desktop”
How does an IRS audit work? How long does it usually take? What are common red flags examiners look for? Find out now.
The new tax laws have many businesses considering the benefits of C-Corp taxes in comparison to S-Corp taxes. Should they switch business entities to take advantage of the new tax rates? However, the tax consequences of converting S-Corp to C-Corp may surprise you
New regulations and laws are constantly in flux. But it’s important to know what could be immediately impacting your business. Here are the 2018 laws that affect small business.