Planning your taxes carefully before the year ends can help you better prepare for filing. There are many strategies you can take to help improve your financial wellbeing. Read the article below to learn more about the steps you can take to have a great tax filing season - and contact us with any questions regarding your tax services!
A few last-minute moves — like tax-loss harvesting and boosting contributions to your retirement plan — could make a big difference come April.
12/19/2022
An important step in getting ready for tax filing season is taking a look at your recordkeeping. For tips on how to organize your records, see these tips from the : http://ow.ly/uFCr50LQhxk
12/13/2022
A sole proprietorship is one of the most common small business structures. Under this structure, a sole proprietor runs the business as an individual and reports profits or losses on their individual tax return.
12/12/2022
For many small business owners, business debit cards and business credit cards can be go-to options. However, there are important differences to consider and circumstances when one type of card could be a better choice than the other.
For many business owners, business debit cards and business credit cards can be go-to options. However, there are important differences to consider.
12/09/2022
The concept of continuous accounting is grounded on the following fundamental principles:
Continuous accounting is an approach to accounting cycle management that embraces advancements in information technology and streamlines financial processes within the broader corporate structure. It's a new alternative to traditional accounting methods, in which the largest amount of work is done a...
12/08/2022
The benefits of hiring a bookkeeper extend to almost every aspect of your business! As bookkeepers, we are bringing you expertise with efficiencies and systems that will save you time and allot for you to place your focus on growing your business! Gain confidence in your numbers by reducing errors and keeping your stress levels down. Not only will it save you money, but it can also help build your profit so you can continue doing what you do best: running your business and enjoying your life!
12/07/2022
A financial plan is the most important plan to create when starting a business. Without the funds to launch and maintain your business, it is likely that your business will sputter and die when it runs out of financial fuel. Keep in mind that it takes most new businesses months or even years to begin to make a profit. Therefore, it is essential to have your financial bases covered until you’re able to create a healthy cash flow.
12/06/2022
A marketing plan helps you to attract customers to your business and begin to create a revenue stream. You can have multiple marketing plans: one to promote business, one to introduce new products, and one to develop new customer outreach. The initial start-up marketing plan is what you will use to promote your new business. Take time to think through the details of how you’ll track the successes and failures of various marketing tactics to make wiser decisions in future marketing campaigns.
12/05/2022
Your business plan doesn’t need to be a massively long document that you never look at again. A functional business plan is a working document that can take many forms and acts more as a flexible action-planning tool than a structured concrete document. At minimum, you’ll need a streamlined plan that focuses on vision, mission statement, objectives, strategies, startup capital, expenses, and projected income. By focusing only on the essential items, you can get down to figuring out your business more productively and determine how to get from Point A to Point B.
12/02/2022
Researching the different types of credit cards and their benefits can help you make an informed and confident decision. Credit card comparison websites are an excellent resource for this. You can also read reviews of different credit cards to see what other consumers have to say.
Here are a few tips to make it a little easier to choose a credit card:
Credit cards are a popular way to build your credit score and gain increased financial flexibility. However, it can be hard to decide which card is best for you. You have many choices when it comes to choosing the right credit card, with each option offering a different set of benefits. From rewards...
12/01/2022
Challenge yourself to 7 days of saving money! Here are a few tips you can follow to save money on a daily basis.
11/29/2022
As a business owner, you need to know how to file your taxes properly. One common question is if you can file your business and personal taxes together. The short answer: Pass-through entity owners file their personal and business taxes together, and C corporations file separately from their shareholders. For further guidance with your taxes, please contact us today!
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Karen Ault, E. A., OR-LTC #907499 | Tax Consultant, Accountant, Quickbooks Pro Adviser | Member of NAEA, ORSEA, WSSEA
Karen works hard for YOU!
She is an Enrolled Agent (EA) which means she is authorized by the U.S. Dept. of Treasury to represent taxpayers, business entities, and estates before the IRS in tax preparation, audits, collections, and appeals. EAs are the tax experts often hired by CPAs. Read more about EAs here
Karen was an award winning Math teacher in New York City for many before founding a violin studio in Chicago, which grew over ten years to serve hundreds of students. After moving to the Portland/Vancouver area, she chose to be a stay-at-home-mom (no regrets!) until 2010, when she brushed the cobwebs off her math degree and continued her education in tax law and accounting. She gained experience working for a big box tax firm, and spent formative years employed under a forensic accountant before becoming an EA and launching STAC in May 2015.
Karen still has the heart of a teacher. She empowers her clients with information and understanding in their tax position and business accounting. Karen is married and raised 2 lovely children: one is currently a Nuclear Engineer in the US Navy and the other is in college.
