Tax Changes For The 2023 Tax Year

Tax Changes For The 2023 Tax Year

Now that the 2022 tax returns are done (unless you asked for more time), it’s time to start thinking about next year’s taxes and how to plan ahead. The year 2023 brings some tax law changes and updates that you should know about. The government’s year-end funding...
Who Should Receive A Form 1099?

Who Should Receive A Form 1099?

The following is a guide of who should receive a Form 1099, however this is only a guide and additional information may be required to make a determination on who should receive a Form 1099.– Any fees in excess of $600 paid to attorneys (including corporations)–...
7 Tax Strategies For Businesses

7 Tax Strategies For Businesses

It’s That Time Of Year Again Where You Need To Start Implementing Your Tax Planning Strategies Before The Year Is Up. With All The New Regulations And An Unknown Election, Tax Planning Definitely Has It’s Challenges To Say The Least. Depending On Senate, The Tax...
Part 4: Need To Know: Recordkeeping

Part 4: Need To Know: Recordkeeping

Record keeping is so important in any business—especially true when you are starting out. Getting in the habit early on in your business will help create good practice that you can carry throughout the years! Why Should I Keep Records? There are so many reasons to...
Part 3 Need To Know: Business Formation

Part 3 Need To Know: Business Formation

When forming a new business you need to get an EIN number, also know as the Employer Identification Number. An EIN is a unique nine-digit number assigned by the IRS to business entities operating in the United States for the purposes of identification. You will need...