In this article, we give some ideas you can take into consideration when determining your salary as an S-Corporation owner. These suggestions are based on you already having a basis for determining what your reasonable compensation range would be based on the factors we discuss in our previous article, “Reasonable Compensation – What No One […]
3 Reasons to Pay a Higher Salary as a S-Corporation Owner Read More »
Am I able to write off my donation? This is a common question that generally is not asked until it’s too late. Many dollars have been lost because the necessary financial records required to qualify for such tax saving actions were not maintained and/or proper documentation was not provided at the time of donation. To help you avoid
Selecting the right tax professional can be just as important as choosing the right person to marry. Okay, maybe not as serious as marriage, but it is pretty important. Think about it. Since more than likely, you are not an expert in tax, you have to find a professional you feel comfortable with and whom you can trust to prepare
Top 4 Qualities To Consider When Choosing A Tax Preparer Read More »
Once an individual makes the decision to start a business, usually the next decision that has to be made is determing the type of business they will have. There are many options available, This is a common question among new start-ups, as well as those already operating their business, and unfortunately there is no “one-size
If you are of the many taxpayers who owe taxes year after year and never really understand why, this article will help to uncover some potential reasons why, as well as help you to avoid this problem going forward.
Every year small businesses become victims of employee theft. This is particularly true in small business environments where a single employee manages all the finances. Often, there are no “checks and balances” in place to verify the accuracy of certain transactions performed by such employees. It is important to protect your assets of your small
Most small business owners understand that they need to keep their financial records in order. But, they mistakenly start out using the services of a bookkeeper or an accountant in an effort to keep costs low. However, a Certified Public Accountant (CPA) may be more in line with what your business may need. Don’t let the size or
The emotional stress that comes with dealing with the loss of a loved one can be compounded if you have to deal with an associated financial loss as well. This can happen if you are a child who has lost a parent who provided for you or a homemaker who has lost their bread-winning spouse.
The Best Way to Protect your Family with Life Insurance Read More »
If you are of the small group of individuals who realize the importance of life insurance and have actually decided to purchase a life insurance policy, it is critical that you understand the options available to you, as well as how each type of insurance may fit your priorities, needs and wants. This blog will provide
Sifting through an overabundance of financial information available can make finding the solutions that best suit your overall financial plan challenging and difficult. However, making solid decisions about how to accomplish your long term objectives should not be a nerve wrecking process that ultimately makes you insecure about your choices. This article will give you
3 Steps to Getting Back on Track with Your financial plan Read More »
