Common Questions
Q: How do I know how many deductions to put on my W-4 at work?
A: The IRS has a free Tax Withholding Estimator at https://apps.irs.gov/app/tax-withholding-estimator
Q: I am working hard and think my sales look good but I don't have much money in the bank; where does my money go?
A: In order to understand where your cash flow is with respect to your sales you need to look at your financial statements. This is where we come in. Reach out to us.
Q: How do I know if the person working for me is an employee or an independent contractor?
A: If someone is working under your direction they are likely an employee. Be careful when deciding as this mistake can be very costly if you choose incorrectly. We can help with this reach out to us.
Q: I received a notice from the IRS or a state agency. What should I do?
A: Most of the time there is no reason to panic. Many times these notices go out because the agency needs clarification on something or you are not in compliance with something. If you are unsure how to address a notice reach out to us.