Videos

CARES Act, the Stimulus Act for the COVID-19 novel Coronavirus, had a lot of moving parts. This was Bette's summary from May 22, 2020.

Part of the COVID-19 Webinar series, advising on how to maximize your COVID-19 Stimulus benefits.

April 3rd CARES Act / COVID-19 Stimulus options. Reviewing the PPP - Paycheck Protection Program, EIDL - Emergency Injury Disaster Loan, and more.

One of the biggest challenges for small business owners is understanding the difference between Income, an Accounting Concept, and Cash, the money that they actually take out of their business. https://www.youtube.com/watch?v=UD5-cYWwa3o One particular thing that I had a discussion about multiple times in the last two months is income versus cash. Now most of my [...]

Tax Extensions are a safe, legal, and reasonable way to get more time to file without paying penalties. You can quickly fill out Form 4868 and get a tax extension. Note, in 2020, because of COVID-19, the deadline was shifted, which had some implications. IRS Form 4868 - 2019 Addition. https://www.youtube.com/watch?v=BSOsxGfHEA0 We're getting close to [...]

1099-Misc forms, the bane of every January. There are many 1099 forms, but the most common business one is the 1099-MISC form. The IRS has really been cracking down on these forms and the reason is because their matching system lets them track who isn't paying taxes if they're being paid under the table. It's [...]

The IRS is clear, you must run S-Corporation owner payroll. How you run it, what you pay yourself, and how this should work is explained in this video on S-Corporation owner payroll.

S Corporations are popular and have many tax advantages. If you wish you make your new (or existing) corporation an S Corporation, you need to fill our Form 2553 for the S Corporation Election.

S Corporations can request a tax extension with Form 7004. It is quick, easy, and costless, so if your taxes won't be filed on time, fill out form 7004 for an automatic s corporation tax extension.