Year-End Tax Planning

Mike Miller TAX TIPS

Can you believe we only have a little over 6 weeks left in 2018? Time flies when you are having fun and working hard, right? Speaking of working hard, have you made more money than you were expecting and now need more write-offs to offset it? Even if you made …

The Advantages of an S Corporation

Mike Miller Small Business, TAX TIPS

Are you a small business owner? When you started your business, did you set it up as an LLC? Did you just get hit with a huge tax bill? It may be time to consider filing for an S Corporation. An S corp is not a business structure, but an …

Check Your Tax Withholding Soon

Mike Miller TAX TIPS

Over the last week, the IRS has been putting out several news releases encouraging tax payers to check their withholding soon. We agree; it is a very good idea for all tax payers to do do a review of their withholding. So much has changed over the last year with …

Tax Credits

Mike Miller TAX TIPS

As tax professionals, we often get asked about tax credits and tax deductions. Some people assume they are the same thing, but they are not. A tax deduction reduces your taxable income while tax credits provide a dollar-for-dollar reduction to your income tax liability. Which means tax credits are worth …

Preparing Your Business in Case of a Disaster

Mike Miller Small Business, TAX TIPS

Can you imagine if you had a flood, fire, or natural disaster destroy your business and everything in it? No, we don’t want to imagine it either. But, it is important to prepare yourself and your business in case of a disaster. Come up with an emergency plan and update it …

5 Accounting Tips for Entrepreneurs In 2018

Mike Miller Accounting, TAX TIPS

With the year almost half way over, it is a good idea to look at your business from an accounting perspective now. With the new tax bill that got passed at the end of last year, there will be some changes to watch out for. We have come up with …