LWS Tax & Accounting Schedule Appointment

Category Archives: Accounting

How to Pay Yourself

For those who have always worked for other people, it’s a strange moment when you realize you have to pay yourself. Some find it amazing and inspiring. Others find it a little scary. Your business becomes bigger than you simply …
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Why You Owe So Much in Taxes

It’s not fun to fill out your taxes expecting a refund, only to discover you actually owe money. Or maybe you were expecting to owe a little, but you end up having to payback a lot. How did this happen, …
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Buying vs. Leasing Office Equipment

Starting and continuing to run a business costs money. Often, more money than you actually have. Especially if the work you’re doing requires a lot of equipment. Many modern businesses rely on technology, including computers, phones, smart devices, printers, and …
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Handling End of the Year Bonuses and Taxes

With holiday shopping starting up, most people wouldn’t mind having a little extra money on their hands. In fact, many people rely on a Christmas bonus to help them get through the end of the year. Whether you call it …
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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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