Sole Proprietors: Should They Pay Quarterly Taxes or Pay by April 15th?
Working as an independent contractor in Concord, NC, means you’re classified as a sole proprietorship by the IRS and are considered to be a small business based in North Carolina. You’re getting paid to do work without getting taxes taken out of your check along with enjoying the freedom that comes with working your own hours. But that income you earn is reported to the IRS and is something you have to pay taxes on at a higher rate than you would pay as a W-2 employee. That means you can wind up with a nasty tax bill by the time April 15th comes around
Setting Up a Corporate Structure: How a CPA Helps You Pick the Right One
The time has come for your Charlotte-based business to become a fully fledged corporation. It’s a wonderful feeling knowing that you can go from being a sole proprietor to a corporation. But now you need to figure out which one is right for your business. Do you go with an LLC? S-corp? C-corp? It’s not easy determining which corporate structure you need because each has a different structure and operating rules that might be too much or not enough for the kind of business you operate. This is where you should turn to a Charlotte, NC business accountant and get help picking the right corporation for you.
I Have an Accountant: Do I Need Accounting Software Too?
The best way you can help your Charlotte NC Accountant is by having all of your paperwork and numbers organized. As a small family run CPA firm, we take pride in helping local business owners stay organized and on top of their businesses financial obligations and helping them find a great software system is part of the way we help.
4 Tips for Keeping Business Records Organized and Your Accountant Happy
As a Charlotte Business Accountant, I’ve seen so many bundles of receipts from the shoebox to a garbage bag full of them. I compiled 4 simple tips to help you keep your business records organized. I hope you enjoy them.
Tax Deadline: Do I Need to File an Extension and How?
Tax time is here and you’re ready to get your taxes filed. Or are you? You may find that you’re missing papers such as 1099s for investments or an inheritance that you received and they’re not showing up in time for the annual tax filing deadline. Don’t panic! Here is a step by step of what to do.
5 questions you must ask when finding a CPA for tax time
Accountants are valuable resources when it comes to tax time. Doing your taxes shouldn’t just be about making the IRS happy. Make sure to take the time to completely understand your financial situation and get yourself on track for the year ahead. Here are 5 questions you must ask your CPA.
3 reasons you may need a tax extension
Do you need a tax extension? Here are 3 reasons you may consider filing for one for the 2017 tax year.
New Year’s Resolution! Save for Retirement as a Small Business Owner
It is time to start thinking about your future, here are 3 tips small business owners can use to start saving for retirement.
New Year’s Resolution – I want to grow my small business!
With your 2018 hopefully getting off to a great start, we wanted to provide you’re a few tips on how to grow your small business.
What do I need to prepare for EOY taxes?
As the year winds down, whether you prepare your own taxes, or have someone do them for you, it’s important to make sure you’re prepared for your EOY taxes.