Tax – 5 Star Accounting and Business

Small Business Tax Advice and Survival Guide

Tax season comes to all businesses big and small, and can be a headache no matter how well you think you’ve prepared. For a small business owner wearing many (or all) hats in the business, it’s an unwelcome extra task sure to cause late hours...

Tax

Retirees with pension income: Do a Paycheck Checkup

If you’re a retiree, you should check to make sure you’re paying enough tax during the year. The Tax Cuts and Jobs Act changed the way tax is calculated for most taxpayers, including retirees.   Because of this law change, if you receive a monthly pension or...

What costs should I consider if I start a new business?

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...

Time to Incorporate or form an LLC?

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...