Beginners Guide to Tax Deductions for Small Businesses
While tax season is rarely anyone’s favorite time of the year, there are some things you can look forward to as a small business owner. When you own a business, you get to take quite a few tax deductions. The list is long, but Steven J. Wick, a Fort Collins CPA, financial advisor, and accountant, can help you navigate the options and find what applies to your business. As with all taxes, it’s v...
Want To Grow Your Business This Year? Hire a Consultant
Most people get into business for themselves because they’re passionate about something, and they wish to take control of their financial future. Whether you’re opening a brand new restaurant, starting a construction or design firm, or something else, you want your dream to become a success. However, many new businesses struggle to grow, especially in the first couple of years in operation, and...
5 Tips for Small Business Bookkeeping
If you’re a small business owner near Fort Collins, whether you’ve only been in operation for 6 months, or you’ve been around for many years, good bookkeeping is foundational to your success. Staying clear and organized can free up your energy to invest in your growth, it can prevent mistakes, and it can give tremendous peace of mind. Too many entrepreneurs lose track of paperwork and finances,...
What Should Every Restaurant Business Owner Know?
The restaurant industry is one of the toughest to find success in, but that doesn’t stop thousands of entrepreneurs from jumping in each and every year. Restaurants can thrive with the right combination of economic climate, wonderful diner experience, and lots of planning ahead. If you are considering opening a new restaurant, or you already have one that could use a boost, here are a fe...
Welcome to the Redesign!
As our firm begin its 20th year, I felt it was time for some new sights – specifically a new logo and completely redesigned website. Our new logo captures our primary goal: to guide you to new horizons. As our firm grows, so do our aims for our partners. While some sights may have changed, our dedication to our clients has never been greater. With our new website, we are able to better serve yo...
An Unwanted Surprise In Your Paycheck
The Treasury Department recently announced revisions to the 2018 withholding tables to reflect the changes spurred by the Tax Cuts and Jobs Act (TCJA). Included in the law, employers can use worker’s existing W-4 Forms already on file to make the adjustments to their withholding. What that means for employers: Since it isn’t mandatory for employees to review their W-4 form after their initial ...
How to Understand Reasonable Compensation for S-Corporation Shareholders
Shareholder employees in a corporation must receive reasonable compensation according to the IRS. This means that their compensation can be adjusted if it is too high or too low. While there is no firm set of rules to measure the reasonableness of compensation, there are some regulations in place to ensure that these shareholders get the fairest compensation possible. There are many factors tha...
4 Ways to Streamline Your Small Business
The difference between entrepreneurs who struggle and those who build an empire is who is able to find the most efficient way to run the business. Business owners who learn to delegate tasks, harness the power of technology, and set clear and feasible goals often work their way to the top. Use these tips to streamline your small business and increase your bottom line. Reinvent hiring: One of ...
