IRS Sticky Issue...S Corp Reasonable Compensation
S Corp Reasonable Compensation Requirement Disclaimer – If you have a partnership or limited liability company that is not taxed as an S...
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Jan 27, 20232 min read
Reporting Payments to other Attorneys – Yes you must do it, says the IRS!
Reporting Payments to other Attorneys – Yes you must do it, says the IRS! The deadline to furnish 1099’s to most recipients is the end of...
Jan 17, 20233 min read
My New Pellet Smoker?
Dan (that’s my husband) and I bought a pellet grill right before Thanksgiving so we could smoke a turkey for turkey day. Turns out we...
Jan 12, 20233 min read
FEAR or POWER, which do you choose?
Last night I was lying in bed trying to unwind my mind from the day and fall asleep when I was startled to hear a low flying helicopter...
Dec 23, 20222 min read
You Can’t 1099 a W-2 Employee
What does this mean? Well, I’m talking about giving bonuses to employees but not withholding payroll taxes. That’s right, you shouldn’t...
Jun 19, 20224 min read
Tax Tips For Dads
Dads can wear a lot of hats in their lives - business owner, professional, designated tickle monster, coach and more. This Father’s Day,...
Apr 26, 20222 min read
Understanding Tax Extensions & Ensuring You Don't Get Penalized
The dirty little IRS word that too many people are afraid of…EXTENSION! Let us break it down so it’s not so scary. The IRS allows a legal...
Feb 25, 20222 min read
5 Ways To Increase Profit For Business
Most business owners are unaware of their financial numbers and are unable to determine the financial health of their business. This can...
Feb 25, 20224 min read
Tax Deduction & Benefit Tips For Attorneys
Taxes are frustrating in general but they can be even more frustrating for your law firm. It can be overwhelming to figure out which tax...
Feb 25, 20222 min read
5 Ways To Improve Cash Flow For Law Firms
Law firm cash flow is not only a good thing, it's a necessity for a successful, financially-healthy law firm. When a crisis like COVID...
Feb 25, 20223 min read
5 Simple Ways To Improve Your Law Firm's Profitability
Law firm profitability is something that all law firms seek to achieve. It is likely a goal for every law firm but when it comes to...
Jul 20, 20212 min read
Why Your Small Business Needs A Fraud Examiner
Small companies are especially vulnerable to fraud for a few reasons. CFEs are trained to identify the warning signs and red flags.
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