Category: New Business

New Business

Setting up an LLC for Real Estate

I am often asked if real estate investors need to create a separate Limited Liability Company (LLC) for each investment property they own, or if one LLC can cover them all. My answer is always: create an LLC for each property. In fact, many investors and builders name each LLC after

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Accounting

COVID-19: Updated Tax Filing Facts

With the current COVID-19 pandemic, many of us are finding ourselves doing more virtually. From meetings to happy hours, we are doing more online – including our taxes. In a period of time where most Americans are usually concerned about tax filing, there are now new accommodations as a result

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New Business

Expenses of Going Into Business

Once you’re running a business, expenses such as advertising, utilities, office supplies, and repairs can be deducted as current business expenses — but not before you open your doors for business. The costs of getting a business started are capital expenses, and you may deduct $5,000 the first year you’re

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New Business

Need-To-Know Information About New Company Setup

Setting up your own business can seem intimidating and be frustrating to those who want to turn their passion into a company. Whether you are creating a Limited Liability Company (LLC), a Subchapter S-Corporation (S-Corp) or a Subchapter C-Corporation (C-Corp), we will provide you with necessary information to decide which

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New Business

How to Cut Costs in Your Business

This year is coming to an end and many business owners are taking a closer look at their finances. As a business owner, your goal for the new year may be to cut back unnecessary or extravagant costs. Implementing small, preemptive steps while your company is financially secure is an

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General

The Important of Incorporating a Small Business

As a small business owner, you most likely have had conversations with a professional to discuss which business entity is right for your growing company. Whether you choose to incorporate your small business as a limited liability company (LLC) or an S corporation, you should consider the various benefits of

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Accounting

Benefits of Good Bookkeeping

Now that tax season is complete, you may be wondering how to better prepare and organize your business’ finances. If you are managing a growing business’ finances yourself, you have most likely noticed the importance of organization and updated reports – especially when you are trying to provide an accountant

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