This visually friendly view of the Schedule A will help you understand the changes the new tax law made to the itemized deductions. For questions contact EWH Small Business Accounting at 262-796-1040, or email us at info@ewhsba.com or for more information on taxes register for our FREE Tax Essentials workshop by visiting www.ewhsba.com or by contacting…
DetailsAre you stressing out at tax time trying to find all the necessary documents to file your tax returns? Do you wonder what records are important to save and what’s not? And how long should you save them; 3 years or 7 years? Your financial and tax records can consist of piles of expense receipts,…
DetailsVery few new small businesses put together a business plan before they open, but they should. Most small business fail in the first few years and that could be avoided if they had created a business plan prior to opening the business. Too many business owners think they have a good idea or have a…
DetailsAll business owners face an interesting challenge: how to take profits out of the company and pay the least amount of taxes in the process. If you have an S corporation, there are basically two ways you can get money out of the company: by paying yourself a reasonable salary and by paying yourself distributions.…
DetailsBusinesses start and fail at a staggering rate. Every year over a million people start a business of some sort and by the end of their first year at least 40% of them will be out of business. Within five years, more than 80% of them will close. In 10 years, 96% of them will…
DetailsDid your business receive a Tax Audit Notification letter in the mail? What should you do and how should you resolve this? Panic is usually your first reaction. Then after a few minutes you realize you’ve been working with a professional accountant who supports you in situations like this. Avoiding some of the most common…
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