The IRS encourages everyone to use the Withholding Calculator to do a Paycheck Checkup, which is even more important this year because of tax law changes. Taxpayers who haven’t yet done this can follow the steps below for using the calculator. Results from the calculator will...
There are important changes that you need to know before the 2019 filing season begins. The IRS is launching the fall series of "Get Ready" communications and outreach messages to help you take action to file your tax returns timely and accurately next year. IRS.gov/getready provides...
Building a successful business model is largely tied to making the right decisions. In order to succeed, new entrepreneurs must carefully consider the costs of launching their life-long dream business. Because the universal truth in business is that money is needed to make money, these decisions carry extra weight. Each...
Timing, as much as anything else, can be crucial to a business’s success and its long-term viability. New entrepreneurs may rely on market conditions or other economic indicators before making splashy decisions, or even launching a new product or service. The timing for incorporating a business, however, depends...
The business world turns by the power of transactions. When a business exchanges a good or service to its client for payment, a Point of Sale system (POS) is utilized to make the transaction possible. Essentially, the POS is the mechanism, including hardware and software, that allows...
At this time of year, and in light of the recent tax cuts and the favorable tax rates for the C-Corp and S-Corp, sole proprietorship and general partnership clients may be wondering if it’s time to create a formal business structure like a corporation or...
You said it, we listened and Intuit took action! If your an existing QuickBooks Online customer, this will only add value to the application you already use. If you're using desktop or another software solution altogether and haven't considered QBO in the past due to...
5 Star Accounting & Business Solutions, LLC was graciously invited to be a guest speaker with 105.5 Money to discuss Budgeting and Mindset during the real estate segment. Budgeting is a critical task personally and professionally to avoid pitfalls in your finances and best handle...
Your income tax obligation needs to be on your mind year-round. Here are some ways you can get a jump on your 2017 taxes. Summer’s over. The kids are back in school. And soon, there’ll be only three months left in 2017. If you haven’t started...
It's Going Down for Real - Sales/Use Tax That Is! That's right. You heard it here! Sales and Use tax is going DOWN! What? The statewide sales and use tax rate in California is decreasing effective 1/1/17 by 0.25% (down from 7.50% to 7.25%). Be prepared and...