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.

iHeart Radio Music Festival 2018, Sept 21-22

iHeart Radio Music Festival 2018

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Purchase your tickets!  

Sept 21 - 22, 2018

T-Mobile Arena

 

 

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.

Las Vegas Labor Day Weekend 2018

Las Vegas Labor Day Weekend 2018

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Make your Labor Day Weekend plans in Las Vegas! 

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.

CCSD 2018 -2019 SCHOOL CALENDAR!

CLARK COUNTY SCHOOL DISTRICT 2018 -2019 SCHOOL CALENDAR

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

51's Announce Deposits for 2019 Season Tickets at the Las Vegas Ballpark!

Deposits for 2019 Season Tickets at the Las Vegas Ballpark!

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Secure your deposit now and get your tickets for upcoming games this season!