focus on profitability

Systematic approach to renewed focus on profitability in 2021

Some might say the end of one calendar year and the beginning of another is a formality. The linear nature of time doesn’t change, merely the numbers we use to mark it. Others, however, would say that a fresh 12 months — particularly after…
conversion from a C-corp to an S-corp

Considering a conversion from a C-corp to an S-corp?

The best choice of entity can affect your business in several ways, including the amount of your tax bill. In some cases, businesses decide to switch from one entity type to another. Although S corporations can provide substantial tax benefits…
taxpayer filing statuses

Taxpayer filing statuses: Which one can you claim?

When it comes to taxes, December 31 is more than just New Year’s Eve. That date will affect the filing status box that will be checked on your 2020 tax return. When filing a return, you do so with one of five taxpayer filing statuses. In part,…
Balanced Scorecard

The Balanced Scorecard approach to planning

In the early 1990s, the Balanced Scorecard approach to strategic planning was developed to enable business owners to better organize and visualize their objectives. With 2021 shaping up to be a year of both daunting challenges and potentially…
key tax related deadlines

2021 Q1 tax calendar: Key tax-related deadlines

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.  Contact us …
estimated tax payment

Estimated tax payment deadline is January 15, 2020

If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must be sent to the IRS on a quarterly basis. The fourth 2020 estimated tax payment deadline for individuals…