New FinCEN Filings Go into Effect on January 1 Effective January 1, 2024, the Corporate Transparency Act (CTA) brings forth significant changes for established businesses, mandating a fresh federal filing obligation. This applies to most corporations, limited liability companies (LLCs),
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Asheville, NC Small Business Tax Prep: 2023 Savings Tips
Maximize Your Tax Deductions: Tailored Small Business Tax Preparation Services in Asheville, NC Unlock significant tax savings with our expert tax preparation services for small businesses in Asheville, NC. Discover strategic tips and insights to minimize your tax liability and…
Plantation, FL Tax Services: CTA Compliance Made Easy
Explore top-notch tax preparation services for small businesses in Plantation, FL. As of January 1, 2024, the Corporate Transparency Act (CTA) impacts corporations, limited liability companies, and limited partnerships. By December 31, 2024, non-exempt business entities in Plantation, FL and…
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When to know you are ready to transition from just bookkeeping to a year-round tax planning service?
In our article: Bookkeeping Services for Small Businesses we discussed how outsourcing your business Accounting and Tax reporting to a professional firm can result in significant benefits beyond just saving time and reducing stress. In this article however, we will…
The New W 4 Form
The IRS has released a new W 4 form starting in the fiscal year 2020. The change was needed to account for the removal of Personal Exception implemented from the Tax Cuts and Jobs Act (TCJA). The W-4 form estimates…
Chart of Accounts: The Ultimate Guide with examples
The Chart of Accounts is one of those unknown parts of your accounting software we don’t even think about. What most entrepreneurs don’t realize is that the chart of accounts represents the foundation of your accounting process, if you don’t…
Bookkeeping Services for Small Business
According to a survey conducted by SCORE, most small business owners spend at least $1,000 per year on accounting administrative costs. Survey after survey, highlight how bookkeeping continues to be the least favorite activity by entrepreneurs. Bookkeeping Services for Small…
Virtual Tax Preparation the easy way
A recent survey by Nerdwallet shows that more than 1 in 3 U.S. taxpayers whose household income is less than $50,000 a year hired a tax professional to assist with the preparation of their Income Tax Returns. However, in the…
12 Ways to Pay Less in Taxes and Save Money
When we meet with new clients and business owners, we often hear that their major priority is to find ways to pay less in taxes and save money for other initiatives including growing their business, retirement and charitable projects. One…