by torchlight08 | Sep 29, 2017 | Uncategorized
What is the Self Employment Tax? If you’re self-employed, you pay the self-employment tax on your income. This tax applies to sole proprietors, partners, or LLC members. It does not apply to Corporations. The self-employment tax is the government’s way of...
by torchlight08 | Sep 29, 2017 | Uncategorized
The Hidden Costs of Payroll and Bookkeeping The visible costs of Payroll and Bookkeeping can be truly daunting. These two areas have been the bane of many small business owner. The visible costs include not just the cost of the service, but also the cost of not doing...
by torchlight08 | Sep 8, 2017 | Uncategorized
What is an Enrolled Agent & Do I need one? By Dave Horwedel, EA “An enrolled agent (or EA) is a federally authorized tax practitioner empowered by the U.S. Department of the Treasury to taxpayers before the Internal Revenue Service (IRS). Enrolled agent...
by torchlight08 | Jul 31, 2017 | Uncategorized
How to File an Amended Tax Return Of course we all want the original return to be perfect. But sometimes you receive data that changes the return after you have filed. Maybe you made a mistake. Maybe your tax preparer did. Maybe you falsely reported income on...
by torchlight08 | Jul 11, 2017 | Uncategorized
First, do not panic. Yes, it can be upsetting to receive a notice from the IRS. But the first step is to not panic and calmly read the notice or letter. The notice or letter states the reason it was sent, its purpose, and instructions on how to respond. In the...
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