Ownership

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Why Do I Have to Pay Income Taxes?

By |2022-03-04T14:13:28-06:00December 30th, 2020|Better Guidance|

Why do I have to pay taxes?  Such a small, interesting question that opens the door for a barrage of follow-up.  What are taxes? How are they used? Do we need those things?  Are there better ways to pay for them?  If you know the answers to these questions, then you might have a bright future [...]

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New Business Owners: The Accounting Partner You Need

By |2020-12-30T17:43:22-06:00December 30th, 2020|Better Guidance|

You have your business idea, the concepts laid out, and you’ve registered your business. You’re getting set up for opening day but then you start to think of all the different outcomes your business could take. Will it be profitable? If I have projections, will they be accurate? How will I know how well I am [...]

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401(k) vs. IRA: Which is best for you?

By |2022-03-04T14:05:15-06:00December 30th, 2020|Better Guidance|

Some of us dream about the day we get to retire. All of those long, hard years of labor, you can finally hang up the laces for good and life will be wonderful, right? A lot of individuals do not plan financially for that day. You should start planning for retirement right away, in fact, as [...]

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Your Success Strategy: Transitioning from a Student to a Professional

By |2022-05-18T09:37:11-05:00December 30th, 2020|Better Guidance|

If you are like me, as a student, you dreamed of the day where you were a working professional instead of a poor college student trying to balance homework, friends, and a job. However, when graduation day arrives, many students tend to feel more anxious about the future than prepared. A 2018 survey found that only 4 [...]

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Side Hustles: Understanding the Tax Effects of Earning Extra Income

By |2022-05-18T09:25:10-05:00December 30th, 2020|Better Guidance|

It is not uncommon to hear about individuals with "side hustles" or secondary income sources.  Almost half of working Americans have a gig outside their primary job with the average side hustle bringing in $1,100 a month. While many people are quick to jump on the opportunity to earn more money, just as many fail to properly [...]

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Professionalism: Bowties & High Heels NOT Required!

By |2022-03-04T14:21:46-06:00September 8th, 2020|Better Guidance|

An entrepreneur/businessperson is a person who sets up a business or businesses. The term "businessperson" may refer to a founder, owner, or majority shareholder of a commercial enterprise, or it can characterize a high-level executive who does the everyday running and management of a company even if that executive is not the owner. -  From Wikipedia, [...]

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What COVID-19 means for your IRS Payments

By |2022-03-04T15:48:16-06:00September 4th, 2020|Better Guidance|

You know when you go on vacation or are over the road for extended periods, and you come home, and the mailbox is SO full you can barely open it. Well, with the global pandemic going on with COVID -19, the IRS has tons of mail. No, they weren’t on vacation, but due to the pandemic, [...]

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Better Guidance for Business Building Depreciation Benefits

By |2022-03-04T14:47:38-06:00August 28th, 2020|Better Guidance|

Got assets and need cash? As a Senior Analyst for Abacus CPAs, I have seen this all too often. Business owners, like you, get the short end of the deal. You spend a ton of money to build, buy, and add on to facilities for your business and at the end of the year, you still [...]

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When Should I Pay Estimated Taxes?

By |2022-03-04T15:08:30-06:00August 21st, 2020|Better Guidance|

You might be surprised to know it, but taxes are not only due April 15th.  The IRS wants taxpayers to send in money throughout the year to keep the government running.  Most people have their taxes sent in by their employers through deductions straight from their paychecks.  But for those who have income from outside of [...]

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A Millennial’s Guide to Improve Your Client Relations by Improving Your Interactions

By |2022-02-10T10:40:04-06:00August 14th, 2020|Better Guidance|

As a professional in the accounting field, I have many client interactions.  As a millennial, I know some interactions can feel overwhelming.  I’m here to tell you there is hope! Because each client is different and as different communication preferences, I’m going to share a variety of options available to you to improve your client relations [...]

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