RESOURCES
September 30, 2019
Three Ways to Keep Your Business on Track
Separate Personal and Business Expenses
As a small business owner, it is critical to know your cash flow: the money going in and out of your business. Many small business owners make the mistake of mixing business and personal expenses. If you keep your business and personal money in one account, it's impossible to tell how much cash your business is generating. Knowing your business cash flows will help you make informed decisions about how to manage your cash most efficiently. Read more.
November 28, 2020
Preparing for the Tax Season
We are approaching the end of November. Now is the time to get all your financial and business information organized so that you are prepared for the coming tax season.
Tips to get organized and prepared for the new year.
If you are one of those business owners who are behind with your bookkeeping now is the time to get your books done. 1. This will help your accountant, CPA, or Tax Accountant to better advise you about things you can do to reduce your taxes before the year ends. If your books are not up to date and accurate there is no way you can get professional advice on how to reduce taxes.
Read more.
January 15, 2021
Filing Deadlines and Updates
Here are a few reminders for upcoming tax deadlines.
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The deadline for filing and issuing 1099 -MISC/NEC is January 31, 2021
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The deadline for filing/requesting an extension for 1120S return for the year 2020 is March 15, 2021. S Corporations must file 1120s returns and prepare form 10 K-1 for each shareholder that he/she will need to file their individual returns with the IRS. It's an informational return and no taxes are due with it. Read more.