Monday, July 2, 2018

My Accountant…My Buddy.

Your accountant may be your small business’ best friend like an attorney, banker, and insurance agent.  Why then, are most small business owners calling their accountant only once a year?  When you have a good, healthy relationship with anyone, you will be on the "inside scoop" of whatever it is they know.

Seventy-one percent of small business owners outsource their tax preparation according to a report by Wasp Barcode Technologies.  Since your accountant is so vital to the success of your business, it's a smart business move to check in often--at least month to month.  Why not work with your CPA on a proactive basis?

Why not arrange an appointment at the beautiful Regatta Drive office of CPA Michael Mathews?  Get to know him and the latest information of what can help your business grow.  He may become your business’ best friend.  Call him, really!  This is a great time of year to begin cultivating your relationship.  The phone number is (702) 240-5237.

Thursday, June 28, 2018

4th of July in Vegas 2018

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Make you plans for 4th of July in Las Vegas!  Don't Miss Out!
 

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

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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.

Tuesday, May 8, 2018

2018 Best Mother's Day Brunch Restaurants in Las Vegas

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"Mom has fed you so many times, so this Mother's Day, treat her to a special brunch. The whole family can enjoy everything from strawberry waffles with a cappuccino to a succulent plate of crabs' legs paired with a Mimosa."
 

Monday, April 16, 2018

Take a Breath…Plan your Future.

We made it to April 15th!  Hooray, tax season is pretty much in the rear-view mirror now and it is time to make other financial plans.  One of them may be to choose the correct business entity.  2018 may be the year when you embark on that journey of self-employment.  The economy is better in the Las Vegas area and the time may be right.

Here are some mistakes to avoid when choosing a business entity –


1.  You must fully understand the tax implications of each one.
2.  Don’t make the mistake of thinking you do not need a formal entity.
3.  It will not protect you against all risks.
4.  An out-of-state incorporation probably will not save you much, if any money.
5.  Not having a rock-solid agreement with your partners.

So, take a breath and as soon as possible make an appointment with Michael Mathews.  He is Las Vegas’ professional entity planner.  He will guide you down the path in being a successful business owner in 2018 and way beyond.  Now is a great time to make an appointment at 2620 Regatta Drive Suite 102 with Michael.  Call (702) 240-5237.

Things to do in Las Vegas, April thru June

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"If you’re looking for things to do in Las Vegas in Spring 2018, check out our list of some of the best activities and attractions."

Wednesday, April 4, 2018

Owning your Own Business Changes Everything.

Remember when your time was regimented?  You had, say a 40 hour work week.  You clocked in on Monday and out on Friday and walked away from any other responsibilities regarding your job or the company you worked for.  Now, you have made a monumental personal decision and started a business of your own.  You go Mr. or Ms. Entrepreneur!

You probably should keep your business finances separate from your individual finances, which means a lot more paperwork.  This is time which equals money if you try to do it all yourself.  You could start a 401k to contribute funds toward retirement.  Before you know it, you have manila envelopes full of receipts everywhere!

Stop this endless string of unnecessary extra work as soon as you can.  I know it is the beginning of April, but what better time to get your personal and business tax situation under control for the remainder of this year and those to come?  When you get a minute call me, Michael Mathews a Las Vegas business and personal tax manager and CPA, for an appointment at my office located on Regata Drive.  That number is (702) 240-5237. 

NAB Show - Las Vegas Convention Center, Apr 7-12

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"The ultimate event for the media, entertainment and technology industry, showcasing ground-breaking innovation and powerful solutions for professionals looking to create, manage, deliver and monetize content on any platform."


Friday, March 16, 2018

What is your Entity?

It may sound like something a medium would ask you before a “reading”, but in this case, it is vital to the future of your business and the relationship that you have with others involved in it.  It is one of the most important business decisions that you will ever make.  Don’t take it lightly!  Come to my office and let’s discuss it.

In general, here are some of the business entities you may choose -

1.  Corporation
2.  An S-Corp.
3.  A partnership of two or more individuals.
4.  A Sole proprietorship…just you on the bottom line.

Every type of entity comes with its unique pros and cons.  You need a professional to help you sort it out.  This is a great time to sort it out as you prepare your 2017 tax return.  Please give me a call.  I am Michael Mathews.  You can call ahead for an appointment in my office located at Regatta Drive in the Northwest Valley.  Call (702) 240-5237

Thursday, March 15, 2018

Golden Egg Hunt & Picnic

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Golden Egg Hunt & Picnic (ages 50+ with grandchildren under age 10)
Wednesday, March 28, 11 a.m.
Cost: $5 per child under 10 years old.
Centennial Hills Active Adult Center, 6601 N. Buffalo Drive, 702-229-1702.

Thursday, March 1, 2018

Why Should I Hire a CPA to Prepare my Taxes?

If you are like most Americans living in Las Vegas or not you may think that you have a pretty good handle on your upcoming IRS taxes.  Over the years it has become increasingly easy to sit in front of your computer and just enter the data.  For the very simple circumstances that might well be the way to go.

What about those of us in the Valley with a slightly more complex financial situation?  It seems obvious, with more complex finances comes more time and money required to get through the tax filing process, not to mention more room for error.  At what point does it become cost-effective to hire someone?

Enter Las Vegas CPA Michael Mathews.  He is a tax preparation professional who is ready to help you navigate these yearly waters.  Why not save the headache and arrange to have your taxes done by Michael?  Call for an appointment well ahead of the April deadline at his beautiful office located at 2620 Regatta Dr. Suite 102.  That phone number is (702) 240-5237.

2018 NASCAR Weekend - Las Vegas Motor Speedway

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Friday, March 2nd - Sunday, March 4th

Friday, February 16, 2018

Filing Taxes for a Partnership.

First of all, it is important to remember that business taxes are due on March 15th NOT April 15th.  Partnerships do not pay federal income tax. Rather, the partnership’s income, losses, deductions and credits pass through to the partners themselves, who report these amounts—and pay taxes on them—as part of their personal income tax returns.

Now, even though partnerships aren’t taxed, they must file a tax return each year unless the partnership has no income or expenses.  What will the return show?  The return will show the partnership’s total income, deductions and credits.  Partnerships also must prepare schedules showing each partner’s share of the business income or loss.   

Preparing your tax return is my business.  I am Las Vegas CPA Michael Mathews.  For the full range of my services please browse my website at www.accountant-lasvegas.com.  Let’s make 2018 your most stress-free tax preparation process ever.  Even my location reduces stress at 2620 Regatta Dr. Suite 102!  Call for an appointment at (702) 240-5237. 

Thursday, February 15, 2018

Don't Miss Diana Ross - The Original Diva

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"Armed with a catalogue which stretches back some 60 years, from her work with The Supremes (Baby Love, Where Did Our Love Go?) to her solo material (I'm Coming Out, Ain't No Mountain High Enough) Ross will be touring across America."
 

Thursday, February 1, 2018

LLC Tax Preparation.

First of all, here is a tutorial.  If an LLC is taxed as a sole proprietorship it does not fill out any tax return whatsoever; instead, one of the members records all income and expenses on Schedule C of his or her individual tax return, or 1040. An LLC that is taxed as a partnership files Form 1065, and an LLC that is taxed as a corporation files Form 1120.

In the aftermath, when you create the LLC, the IRS automatically treats your business as a partnership.  This is only for income tax purposes!  However, if you are the sole owner of the LLC, then you must pay tax on business profits as if you were a sole proprietor instead of an LLC.  Both designations have different tax filing rules.

You need a professional CPA to sort all of this out.  That person in Las Vegas is CPA Michael Mathews.  He is the CEO of www.accountant-lasvegas.com.  You can’t do better than trusting Michael for your LLC tax preparation in the Las Vegas Valley.  Call today at (720) 240-1537 to make an appointment at his Regatta Drive office located in the Northwest Valley.