Outsource your Bookkeeping to PorterKinney If you operate a small business, you know that bookkeeping is one of the most time-consuming administrative tasks. Fortunately, small businesses can outsource their bookkeeping services to save time and money and even prevent financial fraud. PorterKinney specializes in providing accounting and bookkeeping support to small businesses. QuickBooks manages a wide range of the most fundamental and most important business administration tasks. Although “bookkeeping” is what most business owners think of when they hear “QuickBooks”, the software has capabilities beyond basic bookkeeping. In addition to basic bookkeeping, QuickBooks enables business owners to create invoices, generate profitability reports, pay bills, manage sales tax, keep track of employee’s time and manage inventory. Certified QuickBooks ProAdvisor Specialists PorterKinney specializes in providing accounting and bookkeeping support to small businesses. Our certified QuickBooks ProAdvisors can provide complete bookkeeping services. This includes income and expense tracking, bank reconciliations, payroll processing, bill paying and more. If you prefer to manage your own bookkeeping, the certified QuickBooks ProAdvisor team at PorterKinney can help you understand how to make
Tax Tip Tuesday with PorterKinney CPA Firm in Richland, WA This week we discuss tax tips for starting a business. Your local accountant or tax professional will help guide you on how best to start your business in relation to setting up bank accounts, anticipate expenses, home office deductions, employee payroll and more. Join us every Tuesday morning during tax season for tax tip Tuesday for tips on your personal and business tax preparations for 2016 tax returns. Walter Kinney from PorterKinney, Tri-Cities Premier CPA Firm in Richland, WA provides great tax tips! Consult with a local tax professional to see if you qualify for any 2016 tax credits. PorterKinney, PC 1100 Jadwin Ave, Suite #200 Richland, WA 99352 509-713-7300 firstname.lastname@example.org https://www.facebook.com/PorterKinneyPC
This week we discuss Tax Tips for business owners. Tax Tip Tuesday with PorterKinney CPA Firm in Richland, WA Join us every Tuesday morning during tax season for tax tip Tuesday for tips on your personal and business tax preparations for 2016 tax returns. Each week we will give you some great tax tips like: car tax write offs, cell phone, and client meals. Consult with a local tax professional to see if you qualify for any 2016 tax credits.
A common question of entrepreneurs is “which legal entity should I create to operate my business?” This question has many ramifications including legal and tax implications. Entrepreneurs should discuss this issue with a qualified attorney and CPA before making the final decision. This article provides some general guidance on the tax ramifications of both entities… At the outset, it’s important to understand that an LLC is an entity created under the laws of your state. LLC’s can actually be taxed several different ways. By default, an LLC with just one owner is taxed as a “disregarded entity”. That’s a fancy way of saying that the income from that LLC flows onto the owners tax return (normally schedule C) without the requirement of filing a separate tax return. From a tax standpoint, there would be no difference running your business as a disregarded, single-member LLC and a sole-proprietorship. If an LLC has two or more members, by default, it is taxed as a partnership. The income generated by a partnership flows through the partnership and is
Disclaimer: While PorterKinney PC has made every attempt to ensure the accuracy of this document, it is not responsible for any errors or omissions, or for the results obtained from the use of the information in this presentation. This document been prepared for information purposes and general guidance only and does not constitute legal, accounting or other professional advice. Circular 230 Notice: The information included in this presentation is not intended or written to be used, and it cannot be used, by any taxpayer for the purpose of (1) avoiding tax-related penalties or (2) promoting, marketing, or recommending to another party any tax related matters.