Monthly Archives: May 2011

Expensive failure to file S-Corp, LLC and Partnerships timely

The IRS increased the monthly penalty for failing to file a partnership return from $89 per partner to $195 per partner. This penalty can be assessed for a maximum of 12 months. For example, the maximum penalty for a partnership … Continue reading

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ESTABLISHING YOUR SMALL BUSINESS

ESTABLISHING YOUR SMALL BUSINESS What do we need in order to establish the right small business? • Vision : Number one, we need a vision. A vision of what we intend to do and who we intend to sell it … Continue reading

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A Few Benefits of Incorporating YOUR Small Business

A Few Benefits of Incorporating YOUR Small Business 1. Should I incorporate MY small business? A. Perhaps. Ease of transferability B. Selling the ENTIRE operations C. Allowing in another partner D. Rewarding a Key employee E. Transitioning out of the … Continue reading

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HOW LONG SHOULD YOU KEEP BUSINESS RECORDS

HOW LONG SHOULD YOU KEEP BUSINESS RECORDS (To those I care about, the purpose of the email that I send to you is not only to keep you informed of what is important, nor is it only to show you … Continue reading

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The Frailties of QuickBooks

Because I care about you and your businesses’ success, I will share some personal insight on what I have found and seen with Small Business Owners’ trusting their internal accounting to hired, unrelated, unsupervised bookkeepers.

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Important advice BEFORE starting a Partnership

My advice BEFORE you walk into a Partnership; establish an understanding and a Partnership Agreement (it will save you money today, and save you certain misunderstanding down the road)

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Welcome and…. enjoy our blog

OK, now that busy tax season and the Royal Wedding are over… what will you do to “live happily ever after” …(and sleep free from IRS worries)? We’ll fix your Quickbooks fairy tales & WE WILL KEEP YOU IN FULL … Continue reading

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