The clock is ticking on Section 199A of the 2017 Tax Cuts and Jobs Act (TCJA)—the Qualified Business Income Deduction. Since its inception, this provision has significantly impacted small business owners and entrepreneurs. With the deduction set to expire at the end of 2025, understanding its implications and planning for the future is crucial. This […] Read more “Section 199A: Everything You Need to Know About the Qualified Business Income Deduction”
Category: Tax Planning
As 2023 is winding down, there is no better time to start tax planning for the year ahead. For an entrepreneur, this means laying the groundwork for an effective tax strategy and minimizing tax liabilities when possible. In this article, we’ll share a few tax planning tips to guide you through the process and explore […] Read more “Tax Planning Tips for Entrepreneurs”
The key to long-term success for any business is to prioritize strategic planning – specifically, we will be taking a look at annual planning and how it can set your business up for sustained success. Business owners often get immersed in day-to-day operations, but it is important to take a step back, look at the […] Read more “Annual Planning Best Practices for Business Owners”
As the year winds down, it’s time to shift gears to year-end tax planning. To ensure your business is in the best financial position possible, you will need to check all of the correct boxes. This takes careful planning and consideration, so getting a start now will help down the line. In this article, I […] Read more “Year End Tax Planning (The Steps to Take to Be Ready for Year End)”
As we draw closer to the end of the year, it’s the opportune time to discuss the importance of tax planning and how forward-thinking can pay off big when tax time rolls around. This article will walk you through tax planning, whether you are an individual filing taxes or a business, but also how to […] Read more “Tax Planning and the Benefits of Forward Thinking”
Proper business tax planning can be an overwhelming process from start to finish. Most, if not all, business leaders have many decisions to weigh at any given moment and taxes are not always at the forefront of considerations being made. However, without being properly prepared, insufficient tax planning can lead to excess money being lost, […] Read more “Why Business Tax Planning Happens Year-Round”
When you think of a tax strategy, you probably think of putting a plan together to save money. When you think of saving money, you think of more profit. Now, there’s a logical connection between these two ideas, because creating a tax strategy for your business will help you increase your profits. As you prepare […] Read more “How Tax Strategy Aligns with Profit Goals”
For most businesses, the looming new year means that it’s time to start tax planning. All business owners go through a similar tax planning process, but there are some specific benefits of tax planning for agencies and to reap those benefits, you have to get started right away. What is Tax Planning? Tax planning is […] Read more “Tax Planning for Agencies: What you need to know”
If you’re an entrepreneur who’s about to launch a new venture, a startup accountant can help you identify steps that will potentially save thousands in taxes and other expenses. There’s no shortage of planning tips for new businesses, and that’s particularly true when it comes to advice on how to avoid overpaying taxes. It’s hard […] Read more “5 Tax Considerations Startups and Entrepreneurs Need to Think About”
Should you open an LLC when you start your new business? Or should you convert your current business structure to LLC? Some business owners do whatever is easiest to get up and running. However, your business structure determines how you’ll pay taxes, what insurance you need, as well as the extent of your personal liability. […] Read more “New Business? How to Open an LLC”
Business startups need specialized accountants to provide financial insights, planning, and strategy to drive early success and growth. To help companies be successful, startup CEOs need insights into how their money is used and managed at every stage of growth. Those demands are particularly critical in a company’s early days, when available dollars may be […] Read more “Benefits of Working with an Accountant Specializing in Startups”
Many employees see the value in company stock, especially recently. The average worker participation rate in employee stock purchase plans rose to 28% from January 2020 to March 2021. And purchasing stocks isn’t employees’ only option. Many companies offer their team members a chance to earn vested stock, whether it’s through meeting certain commitments or staying with […] Read more “What is The 83(b) Form and Why is it Important?”