ARE YOU PREPARED FOR BUSINESS MAINTENANCE?
We can provide you with guidance needed to prepare for the financial challenges that come with corporate ownership our outsourced accounting suite provides you with the benefits of in-house accounting without the hassle of adding another department.
Upcoming Tax Due Dates
✅ Key Tax Deadlines 📆 March 17 Individuals: Report February tip income of $20 or more to employers...
Stay Ahead of Business Cybercrime
⚠️ Business Owners: Identity Theft Is a Serious Threat Business identity theft is a growing...
Upcoming Tax Due Dates
✅ Key Tax Deadlines 📆 March 17 Individuals: Report February tip income of $20 or more to employers (Form 4070) Employers: Deposit nonpayroll withheld income tax for February (if monthly deposit rule applies) Deposit Social Security, Medicare, and income taxes withheld...
Stay Ahead of Business Cybercrime
⚠️ Business Owners: Identity Theft Is a Serious Threat Business identity theft is a growing cybercrime that can cripple or even shut down your business permanently if left unchecked. 🚩 Common Signs of Business Identity Theft Watch for these red flags: You can’t file a...
Options for Paying Your Tax Bill
If you owe federal income tax, you can typically pay using a credit or debit card, either directly or through approved third-party payment processors. However, there are some important limitations and costs to be aware of. Limits on Card Payments The IRS restricts how...
File Your FBAR on Time to Avoid Penalties
Any U.S. person with a financial interest in or authority over foreign financial accounts may be required to file a Report of Foreign Bank and Financial Accounts (FBAR). An FBAR must be filed if the aggregate value of all foreign accounts exceeds $10,000 at any time...
It May Not Be Too Late to Reduce Your 2024 Taxes
If you’re preparing to file your 2024 federal income tax return and your tax bill is higher than expected — or your refund is smaller than hoped — there might still be an opportunity to change that. If you qualify, you can make a deductible contribution to a...
Next-Level Growth: Unlocking Your Business’s Full Potential
After successfully navigating the start-up phase, your business now has a strong foundation for growth. At this stage, business and financial advisory services become essential. Focus on these two key areas to take your company to the next level: 1. Financial and Tax...
Could You Be Hit with the Trust Fund Recovery Penalty?
If you own or manage a business with employees, you could be personally responsible for a harsh tax penalty known as the Trust Fund Recovery Penalty (TFRP). This penalty applies to the mishandling of Social Security and income taxes that must be withheld from...