5 Reasons to Incorporate Your Small Business
Beginners in business are focused on creating viability, and providing goods and services to generate revenue while limiting any personal expenses. Most independent contractors or freelance professionals provide their time and labor with limited overhead, but as your business grows, you may want to consider some of the advantages of changing your business classification. For tax purposes, your ...
Keeping on Top of Quarterlies: Small Business Solutions
April 15th is the date to remember for many individuals and entrepreneurs. But, if you run a small business with employees and year-round earnings, this is just one of many dates to keep in mind. Compliance with IRS regulations means filing all applicable forms throughout the year, and this can be very “taxing” when it comes to your time. You may not think that your small business needs profess...
Find Your Financial Ally – The Advantages of Monthly Accounting Services
When your business is just starting out, you inevitably have a lot on your plate. With so many revolving expenses and debts, you may decide to cut corners at every possible turning. This can lead to many innovative money-saving practices, unless your model of efficiency includes handling your own bookkeeping and tax accounting. Trying to save money when it comes to managerial accounting can be ...
Move Your Money Wisely: Consulting Solutions Because No Two Businesses are Alike
There is no simple template for running a successful business. Whether you run a small service operation or a growing retail chain, your managerial accounting decisions can make the difference between success and failure. Don’t trust the future of your business to just anyone. Many business owners attempt to go it alone when it comes to their finances, or retain temporary the temporary services...
Match Costs with Benefits: Amortization and Your Business
As your small business begins to grow, you may want to consider some of the benefits of using an accrual method of accounting that helps you recoup costs spent in order to boost your revenue. Nearly every type of business property, excluding land, will have a depreciating value over time. Using amortization to create a matching balance sheet, you can account for the depreciation of vehicles, of...
A Season of Giving is a Season of Tax Relief
If your small business has had a successful year, you may be feeling generous as the tax year comes to an end. There are several benefits to providing employee bonuses, volunteer labor, and charitable donations, and some of them extend to your tax obligation. However, there are several simple rules that you will need to be aware of. There are many ways to find business tax relief or save money ...
Start the New Year off Right: Prompt Tax Filing for Your Business
As another year draws to a close, the New Year brings the promise of growth and stability. Keeping up with your business taxes will be one of the first things you can do to make sure 2014 will not be a year of procrastination and late payments. To get off on the right foot, find small business tax solutions from the experienced CPAs at Steven J. Wick and Associates. As you begin to prepare your...
