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ARE YOU READY FOR S-CORP STATUS?
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December 20, 2021
Ron Parisi
If you have ever read an article or blog about saving taxes as an online entrepreneur, you’ve heard of the S Corp election. The main benefit of an S Corporation is potentially to save on taxes, in particular on self-employment tax (SE tax). THIS DECISION REQUIRES CA...
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HOW OUTSOURCING YOUR FINANCIALS CAN BENEFIT YOUR BUSINESS
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December 14, 2021
Ron Parisi
As an entrepreneur and business owner, you have a lot on your plate. Growing your business, handling your financials, managing employees and contractors. Finding ways to be more efficient and beneficial to your business is something to celebrate. So, let’s take a look at ho...
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DO I NEED TO SEND A 1099?
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November 29, 2021
Ron Parisi
We’re closing in on 1099 season, so we’re here to help you determine if you need to send any or if you should expect to receive any. If you are unfamiliar, a 1099 is a tax form that a business owner sends out to both their contractors and the IRS each year, letting bo...
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HOW DO I PAY MYSELF AS AN ENTREPRENEUR?
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November 22, 2021
Ron Parisi
Owning a business is a remarkable accomplishment. Being an entrepreneur comes with a large amount of responsibility; specifically, when it comes to your financials. Paying yourself as an entrepreneur is not a complicated topic, but it does need to be done correctly. The structure...
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BIG PLANS FOR 2022: WHO IS GOING TO HELP YOU GET THERE?
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November 15, 2021
Ron Parisi
A few weeks ago, we talked about how important it is for online entrepreneurs to get their tax advice from a qualified tax professional. Our video blog last week talks about knowing your numbers as we get into tax time. So, we want to know: Who do you have in your corner as we he...
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Tax Time Is Right Now - Know Your Numbers
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November 09, 2021
Ron Parisi
https://youtu.be/ic9Rwa9D9xs Let's connect!...
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PERSONAL APPEARANCE EXPENSES DEDUCTIONS – HOW DO THEY WORK?
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November 03, 2021
Ron Parisi
Our clients ask us all the time: Can I deduct my haircut from my taxes? I just bought some new clothes for my job; can those be deducted? What about new makeup that I bought to look better at work? These questions make sense! Especially because we primari...
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HOME OFFICE EXPENSES – ARE THEY DEDUCTIBLE?
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October 25, 2021
Ron Parisi
If you are an online entrepreneur, there’s a good chance you have a home office. Just like with any office, a home office has expenses and those expenses, depending on the situation, may be tax deductible. In order to be eligible for a home office deduction, the dwelling mu...
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DON’T CUT CORNERS ON QUALITY TAX ADVICE
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October 18, 2021
Ron Parisi
In the day and age where information is at the tips of our fingers at any moment, it is vital to be aware of where that information is coming from. Since 2001, there have been an average of over 225 changes to the tax code – that’s a lot to keep up with. It can be tem...
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IRS LETTERS: HOW DOES AN ENTREPRENEUR RESPOND?
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October 12, 2021
Ron Parisi
Accounting is an intimidating business aspect to face as an entrepreneur. 2020 showed us firsthand just how complicated things can get; frequently changing tax laws, regulatory changes, and COVID relief bills. Even for the most experienced accountant, 2020 and 2021 have been a ch...
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4TH QUARTER 2021: THE HOME STRETCH – ARE YOU PREPARED?
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October 04, 2021
Ron Parisi
October is here which means we are officially in the final quarter of 2021. With less than 90 days left in the year, there are many things for entrepreneurs and business owners to think about. Do you have clarity on where you are after the first three quarters of the year? Have y...
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Build Back Better Plan
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September 29, 2021
Ron Parisi
Get Ron Parisi's take on the Build Back Better Plan in this week's blog video. [embed]https://youtu.be/PmiKDgxP-vM[/embed] We will continue to keep you updated as changes continue. To stay updated, follow our social media accounts below: Subscribe to our YouTube channel:&n...
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