Tuesday, December 4, 2018

Take Advantage of a New Tax Law…Now!

While filing season won’t arrive until the new year you may want to act quickly to take advantage of the provisions of a sweeping tax law that was passed in 2017.  There are steps you may need to take right now at year’s end to attain the biggest benefit.

At the beginning of 2018 many independent contractors as well as small business owners could get a 20% federal tax deduction on their business income.  Chances are you did not know that as you prepare to file in the spring of 2019. 

Could you use some extra money early next year?  I’m sure that we all could.  Why not give Las Vegas CPA and business tax preparer Michael Mathews a call?  He will sort out the tax breaks that you may have coming to you.  Michael’s office is located at Desert Shores in Northwest Las Vegas.  Just call for an appointment and learn more at (702) 240-5237.

Celebrate WinterFest 2018 Henderson Style! Dec 7 - 8, 2018

(Click the link above for more information)

"This spectacular Henderson WinterFest celebration will be fun for the entire family with continuous entertainment, games, art show, gingerbread houses, festival of trees, craft vendors, food vendors, children's activities and a new Saturday evening light parade."







Thursday, November 15, 2018

Tax Season - it is NOT that Far Away.

Like it or not, it may be time to prepare for tax season.  Most of America waits until the last minute, but not you…you want to get ahead of the curve in case there are unforeseen complications.  Sure, it might sound a little irritating to talk about this in November, but those who do will be glad they did!

Here are some tips to help you prepare –

1.  Has your filing status changed?
2.  Look back on last year’s return.
3.  How much tax do you wish to have withheld?
4.  Don’t make financial decisions based on any new tax rules.

The most important thing that you should do before 2018 turns into 2019 is hire the right accountant.  Whether you are a business owner or individual include Las Vegas accountant and tax consultant Michael Mathews.  It is not too early to make an appointment at his Regatta Drive office in the Northwest Valley.  Just call (702) 240-5237.

Tuesday, November 13, 2018

Celebrate Thanksgiving at Las Vegas restaurants

(Click the link above for more information)

"Dozens of Las Vegas restaurants are planning special dishes and prix fixe menus for Thanksgiving, and most buffets will add dishes especially for the holiday."


Wednesday, November 7, 2018

Preparing a Financial Statement.

Preparing a financial statement is the final step in the cycle of accounting before that cycle starts over in a new period.  After the accounts have been adjusted and closed, the financial statements are compiled.  There is a logical progression in all of this because one financial statement ends up building on the next one.

A professional CPA and tax preparer will make sure that the entire process is done to the IRS’ satisfaction.  You need that peace of mind.

It is vital that a financial statement is filled out properly.  To ensure that, this is a great time of year to contact Las Vegas CPA Michael Mathews for all of your upcoming business paperwork in 2019 and beyond.  Michael will help you with every aspect of your financial statement and much more.  Call ahead to visit with him at his Regatta Drive office.  That phone number is (702) 240-5237.  That website address is accountant-lasvegas.com.

Find free and discounted Veterans Day offers and events in Las Vegas

(Click the link above for more information)

"In an effort to support our troops, numerous Las Vegas-area businesses are rallying to offer military personnel free and discounted access to events and attractions."





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.

Wednesday, August 29, 2018

Tuesday, August 21, 2018

Paying Corporate Taxes Late is No Joke.

The IRS is not known for its sense of humor.  Quite the opposite, they always demand their share whether it is now or later.  This is especially true with corporate taxes.  If you own a business the tax deadlines may be quite different than your personal taxes and you probably need a professional CPA to handle that for you.

Here are a few facts that you need to know –

1.  A failure-to-file penalty may apply if you did not file by the tax filing deadline.
2.  The failure-to-file penalty is generally more than the failure-to-pay penalty.
3.  That penalty starts accruing the day after the tax filing due date.
4.  If you requested an extension in a timely manner, you may not face a penalty.

All of these facts, and much more are a part and parcel of the daily routine of Michael Mathews.  He is a Las Vegas CPA and accountant who knows the ins and outs of what the IRS requests and expects from business owners in the Valley.  Make an appointment at his 2620 Regatta Dr. Suite 102 office by calling (702) 240-5237.

Wednesday, August 15, 2018

CCSD 2018 -2019 SCHOOL CALENDAR!

(Click the link for more information)

School is back in session and you should be marking your calendars for important days off!





Tuesday, July 31, 2018

The IRS has a Different Calendar.

Uncle Sam works on a slightly different schedule than you might.  There are certain times of the year that are of paramount importance when filing proper income tax forms.  Forgetting, or not knowing these at all can be financially damaging to your business.  Don’t get caught because you forgot an IRS deadline!

Here are a few dates coming up along with their meanings…

    November 15th…the final deadline for exempt organizations with extensions.
    September 17th…the final deadline for partnerships and S Corporations with extensions.
    October 15th…the final deadline for C Corporations and individuals with extensions.

You don’t have to keep a calendar of these events.  Why not count on Las Vegas accountant Michael Mathews?  He is one of the business owner’s best friends in the Valley.  Find out what Michael can do for your business year around by calling his office on 2620 Regatta Dr. Suite 102.  That’s (702) 240-5237.

Thursday, July 19, 2018

America’s Business is Business.

President Calvin Coolidge put it best when he said that nearly a century ago.  Small business has taken it blows over the decades, but it is as vital as ever well into the 21st century.  Are you protecting your small business?  That means from every standpoint including the economics of running your lifeblood.

Here are some (hopefully) valuable accounting tips –

1.  Keep accurate and separate accounts for personal and business.
2.  Organize your finances to know where they are allocated.
3.  Respect your biggest expense…labor.
4.  Don’t forget to pay yourself.  Why are you going through this in the first place?
5.  Hire a professional to keep track of it all!

As to that last point, why not call noted Las Vegas area CPA Michael Mathews?  He has assisted businesses large and small through their financial challenges for many years.  This is a great time of year to arrange an appointment with Michael in his 2620 Regatta Dr. Suite 102 office by calling (702) 240-5237 today.

Wednesday, July 18, 2018

Las Vegas Summer Fun Attractions, Activities and More!

(Click the link above for more information)

"If you’re planning a visit and looking for things to do in Las Vegas in the summer, check out our list of the top attractions and activities going on this year."

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

(Click the link above for more information)
 
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

(Click the link above for more information)
 
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.

Tuesday, May 8, 2018

2018 Best Mother's Day Brunch Restaurants in Las Vegas

(Click the link above for more information)
 
"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

(Click the link above for more information)

"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

(Click the link above for more information)

"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

(Click the link above for more information)
  
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

(Click the link above for more information)

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.