Blog Archives

How to Pay Your Estimated Taxes

  Many taxpayers are employees and have their income taxes withheld from their paycheck.  Every April 15th they need to settle up with Uncle Sam and their state tax department.   Other taxpayers may not be employees or have taxes


Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , ,

Why Some Small Businesses Should NOT be an LLC

The Limited Liability Company (“LLC”) certainly has become a popular form of business entity. If there is only one member (owner) then setting up these entities has become a breeze. Just go online, fill out some forms, pay the registration


Tagged with: , , , , , , , , , , , , , , , , , , , , , , , ,

Where’s My K-1?

  This question is asked frequently during tax season. I suspect it will be asked even more this tax season. There will likely be even more delays this year than in past years. Congress passed The American Taxpayer Relief Act


Tagged with: , , , , , , , , , , , , , , , , , , , , , ,

Why The New Medicare Tax May Cost You More Money

Current Medicare Tax Currently taxpayers pay 1.45% Medicare Tax on their earned income. This is from a W-2 for employees and net-income from self-employed individuals. The employee pays this amount and the employer matches it, therefore they remit 2.9% to


Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The Difference Between an LLC and a Subchapter S Corporation

Startup businesses are often considering either a Limited Liability Company (“LLC”) or a Subchapter S Corporation.  Here are the differences:


Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,