Take Advantage of Tax Deductions While taking the standard tax return may seem like a more simple solution to doing taxes, it might not always be the best way to maximize your return. Itemizing your tax deductions and filing a long-form tax return can benefit you more than you might know. Therefore, we’ve decided to . . .
Getting Ready to Bring On New Employees Bringing on new employees is an awesome point in any business owner’s life. It means your business is growing and you’re financially ready to expand internally. Often times, when businesses are looking to bring on a new employee (or multiple employees), they have many questions about what needs . . .
It is always a good idea to stay on top of your finances during each fiscal year. You don’t have to wait until tax season is upon us to frantically start calculating your income taxes. In fact, the earlier you can estimate what your taxes are going to look like, the better prepared you can . . .
So, You’re Being Audited by the IRS… Contrary to popular belief, IRS audits are actually a very rare occurrence in this day and age. Statistically, the average citizen has a less-than-1% chance of being audited by the IRS. Even still, being audited is not the end of the world. It doesn’t even necessarily mean that . . .
Personal Income Tax Cuts Signed Into Missouri Law Yesterday, Missouri Governor Mike Parson signed a personal income tax cut into law. Effective January 2019, the personal income tax rate will drop from 5.8% to 5.4% across the state of Missouri. Parson praised the work of state lawmakers who pushed for the change. Elijah Haahr, Speaker Pro . . .
Taxing the Rich To Help The Poor This coming November, San Fransisco is set to vote on whether to tax large businesses to help pay for housing services and combat homelessness. The business tax would apply to any company in the area whose annual revenue exceeds $50 million. If passed, these companies would see an . . .
Avoid Criminal Penalties – Pay Your Employment Tax Routinely, we see businesses focus solely on minimizing spending and satisfying income tax obligations. While these things are still significant, this route can often lead to more severe problems. However, many employers see delinquent employment taxes as a necessary risk taken to maintain a balanced budget. Avoiding . . .
Client Type: Growing Franchise Project Start Date: Mid-2017 Project Type: Franchise accounting, financial advising Expanding a franchise with financial consulting Client overview: We have a client (franchisee) who was growing his 2 businesses at a very fast rate and wanted to acquire more territory to continue expanding. He did not have the funds to invest in another . . .
Volpe Accounting and Consulting is a full-service financial solutions provider in St. Louis. We offer top-of-the-line accounting, bookkeeping, payroll, and tax-planning programs to help small businesses, and start-up companies flourish. Radio host, Dave Glover breaks down Volpe’s services, operations and valuable solutions with April’s podcast collection. Take a listen to April’s podcast roundup to catch . . .
Income taxes are regulated by the Federal and State Government. These taxes are direct correlations of your annual income earnings. As the Federal Government’s most important source of revenue, income taxes are vital tax levies that are based on a multitude of financial factors. To help you manage this complex tax system, we’ve developed a . . .