THE TAX RETURN PREPARATION PROCESS Many of my clients are working with a CPA for the first time and often want to know what the process is for getting their
We get the following two questions from prospective clients, Are you accepting new clients? and What is “the process” for getting our returns completed? We will answer the first question
One of the questions we get from our self-employed and single-member LLC clients is: “I’ve been told that I should be an S-Corporation because it will save me a lot
Yesterday (Sept 22, 2016) we received an alert from the IRS alerting tax preparers to yet another phony IRS tax scam. Given the fact that these tax scams are getting
One question we receive a few times a year is whether a W-2 employee who is already covered by a retirement plan through their employer at work (for example, a
In a previous blog post we discussed how taxes “seem” to increase when you go from being a wage earner to being self-employed. The analysis in that article assumed that
The majority of small business we deal with operate either as sole-proprietorships or single-member LLCs (SMLLCs). This form of business ownership has a big advantage as it is simple and
All US individual taxpayers are subject to the estimated tax rules. However, most individual taxpayers do not make quarterly estimated tax payments because the withholding on their wages is
Independent Contractor or Employee? An area of IRS scrutiny for the past twenty years has been whether individuals working for a business are independent contractors or employees. Contrary to what
