Tuesday, October 16, 2018

The Advantages of a Sole Proprietorship.

One of the first things you do when you start a company is choose a business structure.  A sole proprietorship is the simplest of all the business entities to form, and it does offer several convenient advantages along the way.  When you become more familiar with each and every option you can make a wiser decision about your business future.

So, what are some of the advantages of a sole proprietorship?

1.  No paperwork with federal and state governments to register.
2.  The owner has complete control…and responsibility.
3.  All income flows to the owner.
4.  Tax filings are much simpler.

It may sound like a no-brainer, but it rarely is.  To learn about all of the forms of business structure sit down with Michael Mathews.  From his Las Vegas office located on gorgeous   2620 Regatta Drive Suite 102 you will get to know one of the area’s top CPAs.  Set up an appointment by calling (702) 240-5237. 

Monday, October 15, 2018

Haunted Houses & Halloween Attractions in Las Vegas

(Click the link above for  more information)

"Halloween is just around the corner, and if you're looking for some spooky fun then you've come to the right place."

Monday, October 1, 2018

13th Annual Pure Aloha Festival, Oct 5 - 7th!

(Click the link above for more information)

What is the Difference Between C and S?

Well that seems obvious, doesn’t it?  When it comes to forming a corporation that letter can make a world of difference.  Setting up a corporation provides limited personal liability for its owners.  Let’s start with a basic premise.  All corporations dawn as C Corps.  A C Corporation may be converted to an S Corporation by filing IRS Form 2553.

To obtain S Corp status for a certain year, Form 2553 must be filed no later than the 15th day of the third month of the fiscal year.  Of course, it can also be filed during the previous tax year.  There is a big difference in how a C Corp and an S Corp are taxed.  The main reason for choosing an S Corp is to save on taxes.

Is a C Corp right for your burgeoning business?  There are questions that should be asked of a professional CPA.  In Las Vegas, that man is Michael Mathews one of Las Vegas’ leading corporation specialists.  The name says it all.  You can find Michael at www.accountant-lasvegas.com.  Call (702) 240-5237 for a meeting at his 2620 Regatta Drive Suite 102 office.

Monday, September 17, 2018

What is Form 1065?

Form 1065 is what a large partnership files with the IRS stating its profits, losses, deductions, and credits, as well as its partners' shares of the same. Form 1065-B may be used in rare circumstances to pay taxes, most partnerships do not pay taxes directly and the tax liability is passed through to each partner.

So, who is required to submit Form 1065?  That’s a question that demands a firm and certain answer.  Companies that may be required to file Form 1065 include general partnerships, limited partnerships, and limited liability companies.  There are things that you should know about this required document.

When you trust CPA Michael Mathews with all of your corporate tax matters you don’t have to be an accountant yourself.  Michael has been a financial friend to business owners throughout the Vegas Valley for many years.  For all of your accounting and tax preparation needs make an appointment at his 2620 Regatta Drive Suite 102 office by calling (702) 240-5237.

Wednesday, September 12, 2018

Tuesday, September 4, 2018

Is the Next Year the Big Year?

Have you determined that 2018 will be the final year that you work full-time?  If so, this upcoming fourth quarter would be a perfect time to plan for it.  Health of course is an issue, but just as important to a stress-free retirement is and will continue to be your financial situation.  So, why not prepare now…even if you are two years away?

Maybe you have thought ahead by stashing available dollars in a 401(k) or an IRA.  What happens when you start distributing this cash?  Have you carefully planned for the tax ramifications?  Prudent planning can reduce those effects.  Perhaps a strategy known as “discounted retirement” is right for you.

Make an appointment and we will begin sorting it out before the busy tax season arrives.  Mike Mathews is a Certified Public Accountant who has been serving the Las Vegas area for decades.  He will discuss your specific retirement plans and dreams with you at his office located at 2620 Regatta Drive Suite 102 in the Northwest.  Call ahead at (702) 240-5237.