Friday, June 15, 2018

How About Some Extra Money?

Well, you have my attention.  What do I have to do?  The extra money in this case comes from obtaining a business-enhancing loan from your local financial institution.  You know that the “big boys of banking” are not inclined to just give out greenbacks without a strong business model and collateral, but they want to make money from the interest.

Here are some steps to take –

1.  Identify why your business needs the money.
2.  Choose the proper loan based on YOUR needs.
3.  Look for the best lender.
4.  See if you can pass muster when you apply.
5.  Prepare the loan application documents.

Do you know someone who does this for a living and has years of experience applying for a business loan?  He is Las Vegas’ own CPA and loan ap preparer Michael Mathews.  He has been this area’s best business friend in properly preparing all of the correct paperwork.  This is a great time of year to sit down at his office located in Las Vegas’ Northwest corridor.  Make an appointment today by calling (702) 240-5237.

Thursday, June 14, 2018

Thursday, June 7, 2018

What is an RMD?

No, it’s not the abbreviation of a hot new rock band.  In financial parlance RMD stands for Required Minimum Distribution.  It is the amount that traditional IRA and qualified plan participants must start distributing from their retirement accounts by April 1 following the year they reach age 70.5.

We realize that April 1st has long since passed, but this is no April Fool’s joke.  You need to stay on top of this!  RMD’s are determined by dividing the prior year-end fair market value of the retirement account by the applicable distribution period or life expectancy.  By the way, Roth IRAs do not require withdrawals until after the death of the owner.

Matters of taxes and business formations are best handled by a top Las Vegas CPA.  The right person for the job may well be Michael Mathews.  This is a great time of year to make an appointment at his Northwest office located in the Lakes to discuss the financial future of yourself and your business.  Make an appointment by calling (702) 240-5237.

Wednesday, June 6, 2018

Las Vegas Guide to June 2018

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Vegas offers plenty of activities to keep you cool during the longest days of the year.
 

Friday, May 25, 2018

How do LLCs get Taxed?

First of all, what exactly is an LLC?  It stands for Limited Liability Company.  Unlike a C Corp. or an S Corp. it is NOT considered a separate taxable entity.  The IRS treats an LLC as if it doesn’t exist, unless certain elections are made.

Why an LLC?  It could be great for your company because they are flexible when it comes to determining how you want to be taxed.  Now, you have the option of taxing your LLC like a sole proprietorship, a partnership or a corporation by filing the appropriate forms with the IRS.  How does that sound on the surface?

The question is…is it right for your company and YOUR future?  Someone who has been working with LLCs for over two decades in Las Vegas may have the answers you need to know.  His name is Michael Mathews.  Michael is one of our area’s top corporation accountants working from his office in the Northwest and serving all of the Las Vegas area.  This is a great time of year to give him a call and discuss your financial future at (702) 240-5237.

Thursday, May 24, 2018

POOL PARTY - Memorial Day Weekend - 5/26

(Click the link above for more information)

Drais Beach Club - Las Vegas Pool Party

Doors Open @ 11am
Early Arrival is Strongly Suggested!!!

WE WILL HAVE RAE SREMMURD & SPECIAL GUEST PERFORMING LIVE!!

 

Wednesday, May 9, 2018

Getting a Hand Up…not a Hand Out.

There may come a time when you and/or your investors need a little financial help.  Even after “The Great Recession”, banks and other lenders still need to loan money to small businesses. The key is to know how to do it and get the best terms.  The eventual goal, of course is to run your operation as debt-free as possible.

Here are some of the steps to follow…

1.)        Build a relationship with a lender BEFORE you need the loan.
2.)        Be very specific as to why you need the money.
3.)        Decide what your company actually needs.  Don’t over or under estimate.
4.)        Prepare a specific loan application package.

There are other steps, but to that last point, why not call Michael Mathews?  Michael is a Las Vegas CPA who excels at applying for area business loans.  Don’t undertake this project without the help of a financial advisor.  Call (702) 240-5237 and make an appointment at his office located in the Northwest at 2620 Regatta Drive Suite 102.