Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
What It Means for WNY Business Owners Helping Western New York Entrepreneurs Keep More of What They Earn If you own a small business in Western New York—whether it’s a sole proprietorship, partnership, LLC, or S corporation—there’s great news … [Read more...] about Qualified Business Income (QBI) Deduction Now Permanent
Key Strategies for Business Owners Many tax provisions introduced under the Tax Cuts and Jobs Act (TCJA) are set to expire at the end of 2025. These changes could have significant financial implications for business owners. Now is the time to … [Read more...] about Prepare for Higher Business Taxes
Is your S corp paying you enough? Determining how much to pay yourself can be a common dilemma for entrepreneurs. However, if you run your business as an S corporation, the guiding principle is that you (and any family members working in the … [Read more...] about S Corp Owners: The Importance of Paying Yourself a Reasonable Salary
A well-prepared client makes a tax preparer's day, so gather all your documents before your appointment. Start by reviewing last year’s tax return to refresh your memory on your income sources and expenses. Collect all relevant 1099 forms from your … [Read more...] about Preparing for your Tax Appointment
Self-employment tax is a critical consideration for anyone working independently in the United States. Essentially, it combines the Social Security and Medicare taxes that both employees and employers typically pay, meaning you cover both portions. … [Read more...] about Self-Employment Tax
