As a business owner, thinking about taxes may not be the most exciting thing to do. However, tax planning is essential to avoid penalties and reduce tax exposures. Regardless of how simple or complex a tax strategy is, it will be based on structuring the plan to accomplish one or more of the following goals:...
Recently, we worked with a client who experienced numerous changes in their business operations. During this period, they failed to “lock” their QuickBooks records for the previous year, leading to confusion and uncertainty about their financial data. To complicate matters further, they completed their 2022 taxes on an extension in September, which they were unsure...
We’re excited about one of our new clients. They are a start-up food company. They have been in business for about a year but are still in the start-up/launch phase. In Feb 2017, they did a large-scale launch of their wholesale manufacturing and sales. Unfortunately, their existing bookkeepers didn’t feel well-suited to take that system...