LWS Tax & Accounting Schedule Appointment

Category Archives: Accounting

Paying Seasonal Employees – Where Do I Begin?

When your business is overwhelmed, unable to keep up with the workload and provide adequate service, it’s probably time to bring on another employee. But sometimes, the surge in business is only temporary. Or your business only runs for part …
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Before You Take Out a Business Loan

Starting a business usually takes more money than you have on hand. There are materials you need to buy. People you have to pay. Office space you need to rent or purchase. And ideally, you’d like to be able to …
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Why Accounting is So Important

Explaining why accounting is important to a business is something that shouldn’t need to be done. Financials, projections, and general information accuracy are the life blood of any business, whether they’re doing well or barely scraping by. Staying on top …
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Common Ways New Businesses Waste (and Lose) Money

When starting a business, expenses can add up fast. Considering new businesses generally don’t have money to spare, this is a very serious issue. You need to make every dollar count. Unfortunately, many businesses don’t, and they suffer the consequences …
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Business Supplies vs. Business Equipment: What’s the Difference?

Starting and running a business usually comes at a cost. Luckily, as a business owner, you’re able to deduct business expenses from your taxes. That means that you don’t pay tax on that money. As a small business, it’s critical …
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Estimated Quarterly Tax Payments

When you start a new job, one of the first things you typically do is fill out your tax information, usually in the form of a W-4. A lot of people don’t really understand what they’re doing while they do …
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How Your Credit Can Affect Your Business

Bad credit has it’s name for a reason. It’s not good for you. It has many negative impacts on your life, especially when it comes to getting a loan for something like a car or a home. If you’re looking …
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Tips for Tracking Business Expenses

Nothing sends business owners scrambling like tax season. As you scour for receipts and try to remember every expense, a thought may cross your mind: This would be a lot easier if I did a better job of tracking this …
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Taxes and Identity Theft – What You Need to Know

Imagine that you’ve gone through all the work of completing your taxes. The forms are gathered, filled out, and submitted. And the best part? You get a return this year. All you need to do is sit back and wait …
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How Sole Proprietors Can Make Their Taxes Easier

Starting your own business is a great way to pursue your passions and/or make some income on the side. Whether you’re full time or part time, however, you’ll need to handle your taxes appropriately. With self-employment comes more paper work …
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