As a self-employed person, saving for retirement is an important part of effective financial planning. Fortunately, there are several retirement savings options available that offer tax benefits and the ability to save for retirement. Two of the most popular options for self-employed individuals are SEP IRAs and individual 401(k)s, also known as solo 401(k)s.
Continue reading...Tax
7 Steps to Change Your Business Name with the IRS: A Guide for Compliance and Smooth Operations
Changing the name of your business can be a daunting task, especially when it comes to updating your information with the IRS. However, with a little bit of planning and attention to detail, the process can be a smooth one. In this blog post, we will go over the steps you need to take to change your business name with the IRS and ensure that your business remains in compliance with all tax laws.
Continue reading...When Are Tax Extensions Due?
First thing’s first. An extension to file is NOT an extension to pay (unfortunately). This myth is one that I find surfacing for a number of clients who come to me after filing extensions on their own.
Continue reading...How to File Hawaii GE Tax
There are a few steps to make sure you’ve completed before you can file your periodic GE reports. First, you need a GE Tax License Number. You can apply for this (alongside your articles of organization with Hawaii) via the state website. This article gives steps on applying for and filing Hawaii GE Tax.
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