Posts from July, 2012

  • S-Corp Owner Salaries I keep hearing that the IRS is continuing to crack down on S-Corp owners that take too low of salaries. For a brief background, as the owner of an S-Corp, you can (should) take a salary for your services. However, one of the benefits of having your small business taxed as an ... Continue Reading
  • Small Business Tax & Accounting Services We offer a full range of tax & accounting services to help keep your business running smoothly. Our accounting services include monthly profit and loss statements, bank reconciliations, payroll, balance sheets, tax planning, and more. We realize that most small businesses ... Continue Reading
  • 2013 tax increases As part of the new health care law, there are some interesting tax changes going into effect next year. Here are a few: Currently it’s possible to deduct medical expenses that are above 7.5% of your gross income for the year. So if you made $50,000 and spent $5,000 in ... Continue Reading