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 ...
Understanding Sales Tax and Online Shopping
With all the recent changes to online shopping, the accountants at Steven J. Wick want everyone to understand the new sales tax laws and how it can affect you come tax time. When online retailers choose to not charge sales tax, they are now required to send customers a notice stating the amount of “use” tax that they owe, since sales tax was not collected on the original purchase. This has beco...
3 Rules for Telecommuters to Deduct Home Office Expenses
Employees who telecommute for work may be eligible to deduct some of their home office expenses on their taxes. Now while this does apply for many telecommuters, it is important to go through these 3 rules to make sure you qualify for home office deductions. If you are ever unsure about your tax forms and deduction eligibility, make sure to get in touch with one of the CPAs at Steven J. Wick. ...
4 Types of Retirement Plans for Small Businesses
One of the best ways for small business owners to recruit and keep loyal employees is to offer a retirement plan. Not only are retirement plans a great way to reward employees, it can also result in some nice tax incentives for small business owners. When it comes to making financial decisions for your Fort Collins business, trust the accountants at Steven J. Wick. Some of the best types of ret...
3 Common Tax Problems And How To Fix Them
Tax season is coming to a close, and the last couple of months have seen business owners of all types rushing to gather the required financial information for their returns. Many people choose to file their taxes on their own, using a website or online form, and while this may work for some, it doesn’t allow for an accountant to look things over. Making mistakes on your taxes, even minor ones, ...
