From Sole Proprietor to S-Corp: Consider a Switch
As a freelancer or contractor, at some point you may wish to incorporate and be taxed as an S corporation.…
Tips and Overtime Tax Breaks Require Your Attention
Best advice? Be prepared NOW! Two new major tax changes, No Tax on Tips & No Tax on Overtime, are…
Louis Merritt (03/01/2013 to 10/13/2023)
It is with deepest sorrow that we announce the passing of our sweet Louis. Louis was an integral part of…
Understanding Goodwill in Accounting
You might know the word “goodwill” as the name of a local charity where you can drop off household items…
5 Ways To An Accountant’s Heart
In the last few years, the shortage of accounting professionals has grown tremendously, and many business owners are struggling to…
Income Tax Deductions vs. Tax Credits
Which One Is Better? While a deduction can reduce the amount of taxable income, credits can directly reduce the amount…
The Inflation Reduction Act: Electric Vehicle Credits
Are you considering buying an electric vehicle in 2023? The rules have recently changed, due to the passage of the…
Our Louis Gets His Own Lager at Wasserhund Brewing
Louis has some very exciting news to share with everyone! Check out Wasserhund Brewing Company’s new Lager! It’s Lou’s Lager!…
The Tax Impact of The Infrastructure Investment and Jobs Act
The Infrastructure Investment and Jobs Act, signed by the President on November 15, 2021. CryptocurrencyThe act expands cryptocurrency reporting requirements…
What You Should Know About Required Minimum Distributions
With all the legislative changes related to retirement distributions over the last couple of years, it’s important to have a…