Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
When do you need one? There are several instances when you will need to apply for a federal employer identification number (EIN). The most common instance is when you are operating a business and you have employees. If you are operating a sole … [Read more...] about Employer Identification Numbers
Odd things you might not consider Have you heard of a fidget spinner? Essentially, it’s a triangle-shaped toy that’s designed to spin with little effort. Fidget spinners have been around for a long time, but they have gained popularity in recent … [Read more...] about Medical Expenses
Know the tax consequences beforehand The tax consequences of selling a business depend on whether you operate as a sole proprietor or a corporation. As a sole proprietor, selling your business means you are selling the individual assets of the … [Read more...] about Selling Your Business
Make sure you have all of your documents Nothing makes a tax preparer happier than a prepared client. Here are a few tips for going to your tax appointment with everything you need. Look at last year’s tax return for income and expense … [Read more...] about Preparing for your Tax Appointment
Year-end strategies to save you money As the tax year draws to a close, many of you are thinking of ways to reduce your taxable income. Generally, this is accomplished by increasing your expenses for the year. For example, making a charitable … [Read more...] about Maximizing Your Deductions
Scammers are after your data For years, we have heard stories about how identity thieves hack into computers and steal personal information. We have been assaulted with phishing scams where thieves impersonate IRS employees and intimidate … [Read more...] about Business Owners Beware
