LWS Tax & Accounting Schedule Appointment

Category Archives: Accounting

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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Can I Buy a Home Through My Business?

Deducting business purchases can save you a lot of money come tax time. Especially when it’s big ticket items. The question is, what big ticket items are you able to classify as business purchases? One of the most expensive things …
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How to Purchase Things for Your Business

Chances are, you started a business in hopes of making money. But before you can go ahead and do that, you’re likely going to have to make some purchases. It’s the classic “it takes to make” scenario. But buying things for …
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Small Business Advice for Christmas Bonuses

Halloween is already a distant memory and Thanksgiving is just around the corner. You know what that means. The Christmas season is upon us. The songs are already playing. Lights have already been lit. And the shopping craziness is quickly starting …
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