by Joshua B Crutcher, CPA | Dec 4, 2016 | Business Planning, Taxes
One of the most sweeping changes from last year are the 1099 due date changes. These must be filed with the IRS by January 31, 2017. Previously, we have had to get them to recipients by January 31, to the IRS by February 28th if paper filing, or by March 31st if...
by Joshua B Crutcher, CPA | Dec 2, 2016 | Business Planning, Taxes
In a logical move by the IRS, due dates are actually going to flow in a much logical order in 2017. For my clients, the important items to note are the following: If you file 1099’s or have W-2 employees, these are due to the recipient on January 31. Previously, the...
by Joshua B Crutcher, CPA | Feb 7, 2016 | Taxes
Look, as a CPA, I work with a lot of small businesses and prepare returns that have some complexity. These are my typical clients. But not everyone needs that level of detailed CPA work. If you only have a W-2, you can easily file online for free! For those of you...
by Joshua B Crutcher, CPA | Jan 31, 2016 | Business Planning, Tax Services, Taxes
Tax season is officially under way! I have been in touch with many of you. All of those required should have sent their 1099’s to recipients by the February 1st deadline (see below). If you still need to file your 1099’s, please get in touch with me...
by Joshua B Crutcher, CPA | Jan 11, 2016 | Tax Services
As we bring in 2016, we still must wrap up 2015. And that means taxes. Download NashTax’s comprehensive report below. Here are some highlights… "Let inflation be with you..." Standard deduction. The standard deduction inches up to $6,300 for singles and...
by Joshua B Crutcher, CPA | Nov 30, 2015 | Business Planning, Tax Services
Estimated Tax System What is it? Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes, and awards. You also may...
by Joshua B Crutcher, CPA | Nov 19, 2015 | Tax Services
I absolutely love you are taking the plunge to work for yourself. Zig Ziglar said, “If you wait for all the lights to turn green before starting your journey, you’ll never leave the driveway,” There a several business forms to consider when starting...
by Joshua B Crutcher, CPA | Nov 17, 2015 | Business Planning, Tax Services, Taxes
Good question. You may be required to be making quarterly estimates and failure to do so could result in penalties. I am going to answer this question with the most common answer from a CPA… – it depends. You must pay taxes if: You are a sole proprietor,...
