1-800Accountant Blog

single-owner-llc

A Quick Rundown of Single-Member LLCs

What is a Single-Member LLC? A limited liability company (LLC) is a business structure registered in the state where your company conducts business. Owners of an LLC are called members, so a single-member LLC is composed of just one owner. As an owner of a single-member LLC, you are not considered an employee. To pay […]

year-end-tax-strategies-for-individuals

Year-End Tax Strategies for Individuals

Here are a few tax tips you might consider before the end of the year, which could potentially reduce your taxes when Uncle Sam comes knocking in April. Generally, you want to lower income and accelerate deductions now if you expect next year’s tax situation to be similar to this year’s. Donate to charity: The IRS […]

year-end-tax-strategies-for-small-business

Year-End Tax Strategies for Small Businesses

If you’re a small business owner, you may want to review your business tax situation well before December 31 to determine what strategies you can implement to minimize your tax liability this year. The general strategy of reducing income and accelerating deductions now is appropriate if you expect next year’s tax situation to be similar […]