As the End-of-Year Nears – Now is the Time to Take a Closer Look at Your Tax Withholdings

Life brings constant changes to individual financial situations. Events like marriage, divorce, a new child or home purchase can all be reasons to adjust withholding. So the Internal Revenue Service reminds taxpayers today that the last quarter of 2021 is a good time to check withholding. The convenient Tax Withholding Estimator, also available in Spanish, […]

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How Long Should You Keep Your Tax Records

Federal law requires you to maintain copies of your tax returns and supporting documents for three years. This is called the “three-year law” and leads many people to believe they’re safe provided they retain their documents for this period of time. However, if the IRS believes you have significantly underreported your income (by 25 percent […]

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How to Get An EIN for your Small Business

How do I get an EIN for my Small Business? How much does it cost to file for an EIN number? Do I need an EIN for my Small Business? Can I get an EIN without an LLC? These questions as well as many others are the kinds of questions I see circulating the internet […]

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How to Open a Business Bank Account

How to Open a Business Bank Account When you first start your small business, one of the very first things you should do is open a business bank account. This is really important for several reasons especially because of the importance of keeping your business finances separate from your personal. In my new YouTube video, […]

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How Do You Show Income If You Are Self Employed

Are you wondering how do you show Income when you are self employed? Well here are the 5 main ways: 1. Form 1099-MISC is a form issued to you from businesses and/or people who you’ve performed a service for and received $600 or more in total for the year. This is usually through an Independent […]

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Top 9 Ways to Improve Your New or Existing Business

If you are just starting out in business or wondering what you can do to keep things running smoothly in your current business…here are 9 good business practices to put into place: Observe what’s working so you can do more of that. Don’t get lost in the day-to-day grind to the point that you lose […]

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