Quickbooks is by far the leader in the industry & the easiest to use. We can guide you through the setup process and work with you to help you understand the program & its capabilities.
While there are choices here, a Limited Liability Company (LLC) provides liability protection & offers more flexibility than other options.
With the increased standard deduction, many people will no longer itemize deductions on their federal tax return. However, state laws differ. It is best to gather your expenses & let us help you determine if you will save money by itemzing.
We offer comprehensive payroll services, including processing payroll, managing employee benefits, and filing payroll taxes. Our team will handle all of the details so you can focus on growing your business.
Our team of financial planning experts will work with you to develop a customized plan to help you achieve your financial goals. Whether you are planning for retirement or saving for a major purchase, we can help.
We offer a wide range of business consulting services to help you grow and succeed. From business planning to marketing strategy, our team can help you navigate the challenges of running a business.
Our team of audit professionals will provide a thorough and accurate audit of your financial statements. We will work with you to ensure that your financial statements are in compliance with all applicable accounting standards and regulations.
In their revamped collection efforts, IRS identified 1,600 millionaires who had not paid their taxes totaling $482 million. That's an average of $300k each.
As of 1/1/24 - IRS increased the Standard Mileage Rate to 67 cents per mile for business use.
Many people don't realize the IRS shuts down efile at the end of November (11/18/23 this year) and does not open again until the end of January.
Most companies must report their Beneficial Ownership Information (BOI) in 2024. It sounds more daunting than it is but Congress passed the Corporate Transparency Act in 2021 that requires all LLCs & Corps (with some exceptions) to FinCEN - the Financial Crimes Enforcement Network. Reporting can be done at https://www.fincen.gov/boi .
IRS has a number of Interactive formats to answer basic questions
Please visit https://www.irs.gov/help/ita to see the interactive topics.
Energy Credits have come and gone depending on which party is in the majority. Sometimes, it's hard to keep track of what's currently allowed. IRS has issued a new one page e-poster to help with what's available. https://www.irs.gov/pub/irs-pdf/p5797.pdf
IRS is still trying to combat bogus Employee Retention Credit claims. In December, they sent out 20,000 letters disallowing improper claims. They've also created a new Voluntary Disclosure Program to assist businesses who want to pay back their ERC that was made in error.
Our services are billed strictly by the hour
Basic Data Entry, Bank & Credit Card Reconciliations, Review of Receipts, etc.
Payroll & Payroll Tax Reporting, Insurance Audits, Internal Financials, Estimated Tax Planning, Sales Tax Reporting, 1099 Reporting, Reconciliation of Client Trust Accounts & Advanced Client Costs, etc.
Our services are billed strictly by the hour
Scanning of Documents & Prior Year Returns & Tax Entry for Stock Sales
Tax Preparation & Planning by an Enrolled Agent with 27 years experience
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