Start Ramping up for the Good Life.

We are about to embark on the 2nd half of 2019.  Doesn’t 2020 sound like a good year to retire?  For some of the Valley’s two-million plus residents 2020 is the big year.  If you own a business in the Las Vegas area you probably can’t just walk away from it and expect everything to change on January 1st, 2020.

Here are some tips –

1.  Choose a traditional strategy using your business to fund your retirement.

2.  Establish a simple IRA.

3.  Set up an SEP IRA.  Business owners and employees can both contribute.

4.  Develop a clear exit strategy for yourself.

5.  Speak with a financial advisor.

That final point is the key to your retirement success!  Michael Matthews, a Las Vegas area CPA, is ready to sit down with you and plan the next phase of your life.  Retirement takes planning and there is no one better at it in The Valley than Michael.  Set up an appointment at his office located at 2620 Regatta Dr. Suite 102 in the Northwest by calling (702) 240-5237.

Happy New Year!

Say what?  Well, maybe we should say happy new TAX year in some cases around the Valley.  A “tax year” is an annual accounting period for keeping records and reporting income and expenses.  An annual accounting period does not include a short tax year.  Maybe this applies to you and your business at the end of June.

If any of the following apply, you must adopt the calendar year –

1.  If you keep no books or records

2.  You have not adopted a regular accounting period

3.  Your present tax year does not qualify as a FISCAL year

4.  You are required to use a calendar year by the IRS

Let Las Vegas CPA Michael Mathews help you sort it out.  Do you own a business that would be better served by filing its annual taxes at mid-year rather than early in the next calendar year?  Then contact Michael and make sure that you do it the right way.  Michael is available as always by calling (702) 240-5237.  Make an appointment at 2620 Regatta Dr. Suite 102 soon.