Vendors, Team & Employees: The Difference Between Employees vs. Contractors You’re building your team. But should your next hire be an employee or a contractor? While this often falls under the Human Resources umbrella, we are asked this question by the business owners we support because of the financial implications of hiring (taxes, payroll, cash […]

And do I need to pay them? If you are a W2 employee, you are essentially paying taxes every time you get a payroll check.  But, if you aren’t on a regular payroll, or have earnings from a business or investments, then you aren’t going to send those payments in as regularly.  The Federal & […]

And how do I know if I should become one? Some accountants recommend becoming an S-Corp, but they don’t actually tell you why or how to take advantage of this newly elected S-Corp status. We also see a lot of people try to take care of the paperwork themselves (or with an accountant who doesn’t […]

These are the messages you heard (and continue to hear) from your family and friends and the media about money, business, wealthy people, poor people, The IRS, all those things.  They are in your subconscious and many times, we aren’t even aware of all of them.  And, you know I could climb up onto my […]

First, you might be wondering what the heck is a tax deduction?!  Or more commonly known as a “write-off”. Here’s the thing, a lot of people get this wrong, including David from Schitt’s Creek. (Also, we need to get this out of the way before we continue.  Every business is different and if you want […]

Welcome to January! This month, one of the most important financial tasks that you need to accomplish is completing any necessary 1099 returns for your team, contractors, and company vendors. For many business owners, this can be a source of great stress, because of the tight deadlines and the fear of the huge penalties for […]

I never wanted to be an accountant.  Never thought life would bring me here, as the CEO of an accounting agency with a dozen employees and clients all over the country.  I mean, to tell you the truth, I am not that great at math (yup, still a finger counter over here), I’ve never been […]