Beware of New Social Security Number Scam

Beware of New Social Security Number Scam

According to the IRS, taxpayers should be on the lookout for a new type of social security number phone scam. Recently, con artists have been calling unsuspecting taxpayers and threatening to suspend or cancel their Social Security numbers, citing unpaid or overdue...
IRS Wage Garnishments and How to Get Them Released

IRS Wage Garnishments and How to Get Them Released

In the event that you owe taxes to the IRS and do not have an arrangement to pay such as an extension, payment plan, offer in compromise, or “currently not collectable” status, the IRS may seek wage garnishment. IRS wage garnishments are funds taken directly out of...
Why You May Want to Consider Electing S Corp Status

Why You May Want to Consider Electing S Corp Status

As a small business owner, one of the most important (albeit often overlooked) decisions that you can make for your company is selecting the legal structure that is the best fit for your needs. In this article, we will outline some of the most popular legal structures...
Tax Deadlines Extended for Imelda Victims

Tax Deadlines Extended for Imelda Victims

Between September 17th and 21st, Tropical Storm Imelda caused chaos in Texas and Louisiana, bringing up to 43 inches of flooding rain to some areas. The tempest caused at least 5 deaths and over 2 billion dollars in damages, leaving many families without homes or...
How to Cut Interest on Money Used in Business

How to Cut Interest on Money Used in Business

If you own a business and have accrued any kind of debt, from taking out a line of credit from the bank, to a margin loan on securities, or a mortgage on the building from which your company operates, cutting interest expenses is a good way to minimize your costs....
It’s 1099 Filing Season Again!

It’s 1099 Filing Season Again!

It’s January and the mandated 1099 filing season is upon us! If filing the 1099-MISC form, you must not only send to the recipient by January 31st, but they must also be paper or electronically filed by that date with the IRS as well. Failing to do so may result in...
Ways to Save on Overhead

Ways to Save on Overhead

The new year is a great time to look at your business’s finances to determine what has served you well in the past year, and where you may want to pare down your spending. With last year’s financial reports at the ready and another year of business under your belt,...
Which Corporate Retirement Plan Should You Choose?

Which Corporate Retirement Plan Should You Choose?

Choosing a retirement plan is a big decision, even if you are only choosing one for yourself. When you are also impacting the retirement plans of your employees, stakes are even higher. With many options from which to choose, deciding which corporate retirement plan...

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