I had a little explaining to do in the carpool line when my then 6 year old blurted that out during school drop-off one day.  Many of the other parents and teachers were confused, and honestly the IRS doesn’t understand what I do in my business much better.  If you spend hours teaching workshops on […]

Hey biz owner, we know you are busy serving clients, managing your growing team, trying to stay on top of the admin side of your business AND trying to be a great partner, friend and maybe even a parent at home! No wonder taxes keep sneaking up on you – you have a lot on […]

If you’re anything like me, you can’t stand clutter. Mail, papers, physical clutter, digital clutter…when I am in the mood to purge, oh man – it’s all going. Especially at the end of the year when we are preparing for the holidays and spending more time indoors. When it comes to business and financial records, […]

First, we can tell you what it’s NOT! That is NOT tax strategy. Strategy (noun) | /ˈstradəjē/ |  A plan of action or policy designed to achieve a major or overall aim. Plan of action. Overall aim. In our opinion, that should consist of more than draining your bank account to buy office supplies you don’t […]

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 […]

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 […]