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Monthly Archives: October 2015

When do you need a CPA?

The answer is very simple, you need a CPA whenever you need to convince someone else; like a banker, investor group, or the government that your accounting system produces accurate, reliable information in the opinion of an independent expert who is not your regular accountant or accounting department. Did you […]

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What is a 1099, and When do I Need One?

1099 Your Subcontractors When hiring a subcontractor to do a job for you, you will need to issue them a 1099 for all services over $600. Some people hire a construction contractor, plumber, landscaper, and electricians. All of these professionals should be issued a 1099-Misc for services completed and paid. Each […]

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Deduct Medical Expenses in Your S-Corp

You can get reimbursed for Medical Expenses! This is an expense to the business which brings down the taxable income for the company. The payroll that is issued is not subject to Social Security and Medicare tax so the company saves on payroll taxes each year. In turn, you get reimbursed for […]

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