As one tax season ends, the next begins – which means it’s time for you to get organized for 2023. The best way to avoid stress and frustration during tax season is to be prepared and do your part to make your 2023 taxes a breeze. Get Started for 2023 Taxes The first step in […]
December is right around the corner which means it’s time to start planning your office holiday party! Holiday parties are a great opportunity for you and your employees to bond and relax outside of work. But are office parties deductible? Office Parties Are Deductible… Sometimes Office parties in general can be deductible, but as is […]
What is a 1099? As a business owner, you should understand the basics of 1099s: who gets them, why it’s important for you to stay on top of them, and the possible pit falls. What are 1099s? 1099s are informational forms used to report payments that a business makes throughout the year to anyone who […]
Do you know how to reduce your audit exposure? Do you know what audit exposure is? Does reading the word “audit” just kind of stress you out? Then keep reading to figure out how to minimize your likelihood of being audited. The Basics on Audit and Audit Exposure A tax audit is basically a deep-dive […]
If you’re a small business owner, you’ve probably heard about passthrough entity tax – but what is it? Benefits of the PTET The PTET allows business owners to pay state taxes through their business and receive a credit for the tax paid on their individual return. It doesn’t change the amount of state tax owed […]
A debt review could be exactly what you need to set your business and personal finances back on track. Taking a holistic look will help you set up a plan for debt management that sets your finances up for future growth. Where to Start with Debt Review Feeling overwhelmed by your debt is very common. […]
Good tax plans are essential to everyone, but no one benefits more than business owners. But what makes a good tax plan? There are a few different factors to consider and each accountant has a different process. Here are the things we at Encurio believe are essential pieces to a good tax plan. Considerate Projections […]
And just like that, 2023 is halfway over – which means the 2023 tax year is just around the corner. At Encurio, we always recommend being as prepared as possible. Here’s our Q3 check-in recommendations for small businesses, to make sure you’re on the right track for success! 1. 2023 Goals and Business Plan With […]
Handling your finances can be hard, especially for small business owners – and that’s why it’s important to find an accountant who can help you understand the ins and outs. But what does your accountant DO? Analyze Does looking at your books make your head spin? Can you keep track of the numbers, but you […]
Are you tired of stressing about taxes? Here’s the secret to a stress-free tax season: Proactive Planning Having a tax plan takes the mystery out of tax season. Having a plan in place and sticking to it means there are no surprises when the deadline arrives. We can’t stress enough how important it is to […]