We look around this magnificent city and its sprawling
metropolitan area with its glitz and glitter and sometimes residents of this
great area forget that we are a community.Las Vegas is a city with 650,000 residents and about 2 million people
living in Clark County.We are proud of
what our city has become and continues to be.
Urbanization in our fair city actually began more than a
century ago in 1902.A railroad linking
Los Angeles to Salt Lake City was completed and farmers as well as investors
started flocking to the area.No, your
great-grandmother did not visit here for a long weekend as there were no slot
machines (even though slots go back to 1895!).
I am proud to be a part of this growing metropolis.My name is Michael Mathews.I handle the accounting needs of Las Vegas
and Henderson residents.I found a
breath-taking location in The Lakes in the Northwest part of the city.Please visit my website at www.accountant-lasvegas.com.Merry Christmas and Happy New Year from my
family to yours.
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Vegas and the surrounding areas in the winter, from seasonal attractions to day
trips worth checking out, so you’ll have no problem keeping busy."
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.
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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."
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
2.Look back on last
3.How much tax do
you wish to have withheld?
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)
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.
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
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
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 gorgeous2620 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.
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
240-5237 for a meeting at his 2620 Regatta Drive Suite 102 office.
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.
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.
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 –
penalty may apply if you did not file by the tax filing deadline.
failure-to-file penalty is generally more than the failure-to-pay 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.
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…
final deadline for exempt organizations with extensions.
final deadline for partnerships and S Corporations with extensions.
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)
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.
finances to know where they are allocated.
3.Respect your biggest
4.Don’t forget to
pay yourself.Why are you going through
this in the first place?
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.
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
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.
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
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.
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.
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…
relationship with a lender BEFORE you need the loan.
specific as to why you need the money.
your company actually needs.Don’t over
or under estimate.
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.
"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."
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.
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.
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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
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
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.