How to Do Your Own Bookkeeping for Taxes

I do not enjoy bookkeeping. It isn’t a profitable way for me to spend my time and no one likes paying for it. However, we need a decent set of books to file an accurate tax return. The best way to do this is to have a Quickbooks Online account. The Simple Start level...

COVID 19 Resources and Information

Unemployment – There is no downside to applying for unemployment. No one really knows what is going on right now since everything is so new. The rules are being written and rewritten daily. You lose nothing by applying and independent contractors are now supposed to...

When Not to Pay Into Social Security

As a rule, the average person is best served by paying into the Social Security system. It is a good deal and is likely to remain stable. However, there are significant portions of the population for whom it does not make sense to contribute. You can find out what...

Give Yourself a Raise and Lower Your Audit Risk

Did you know that sole proprietorships are audited 366% more often than S-Corporations? Did you know that if you make more than $8,000 from your business, you are losing money by not incorporating? An S-Corporation can offer some liability protection and help with...