Safe Harbor for Tax Extension Payments
Here are the Safe Harbor rules on how to pay in enough on your taxes so that when you extend, the IRS won’t impose an underpayment...
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- Mar 6
- 4 min
Filing an Extension For Your Taxes Is Not an Extension To Pay
Before we get started there are a few important definitions we need to have straight on this topic. The tax deadline is not the same as...
- Feb 23
- 3 min
When Is the Best Time To Switch To an S Corporation?
Most businesses start with one owner and one employee and they are usually the same person! Some businesses are even started as a side...
- Jan 30
- 3 min
IRS Sticky Issue...S Corp Reasonable Compensation
S Corp Reasonable Compensation Requirement Disclaimer – If you have a partnership or limited liability company that is not taxed as an S...
- Jan 27
- 2 min
Reporting Payments to other Attorneys – Yes you must do it, says the IRS!
Reporting Payments to other Attorneys – Yes you must do it, says the IRS! The deadline to furnish 1099’s to most recipients is the end of...
- Jan 17
- 3 min
My New Pellet Smoker?
Dan (that’s my husband) and I bought a pellet grill right before Thanksgiving so we could smoke a turkey for turkey day. Turns out we...
- Jan 12
- 3 min
FEAR or POWER, which do you choose?
Last night I was lying in bed trying to unwind my mind from the day and fall asleep when I was startled to hear a low flying helicopter...
- Dec 23, 2022
- 2 min
You Can’t 1099 a W-2 Employee
What does this mean? Well, I’m talking about giving bonuses to employees but not withholding payroll taxes. That’s right, you shouldn’t...
- Jun 19, 2022
- 4 min
Tax Tips For Dads
Dads can wear a lot of hats in their lives - business owner, professional, designated tickle monster, coach and more. This Father’s Day,...
- Apr 26, 2022
- 2 min
Understanding Tax Extensions & Ensuring You Don't Get Penalized
The dirty little IRS word that too many people are afraid of…EXTENSION! Let us break it down so it’s not so scary. The IRS allows a legal...
- Feb 25, 2022
- 2 min
5 Ways To Increase Profit For Business
Most business owners are unaware of their financial numbers and are unable to determine the financial health of their business. This can...
- Feb 25, 2022
- 4 min
Tax Deduction & Benefit Tips For Attorneys
Taxes are frustrating in general but they can be even more frustrating for your law firm. It can be overwhelming to figure out which tax...
- Feb 25, 2022
- 2 min
5 Ways To Improve Cash Flow For Law Firms
Law firm cash flow is not only a good thing, it's a necessity for a successful, financially-healthy law firm. When a crisis like COVID...
- Feb 25, 2022
- 3 min
5 Simple Ways To Improve Your Law Firm's Profitability
Law firm profitability is something that all law firms seek to achieve. It is likely a goal for every law firm but when it comes to...
- Jul 20, 2021
- 2 min
Why Your Small Business Needs A Fraud Examiner
Small companies are especially vulnerable to fraud for a few reasons. CFEs are trained to identify the warning signs and red flags.
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