“Know your numbers. Know your costs to every tenth, and at the end of the month, you can see where you need to fix those numbers.” -Tilman Fertitta, Entrepreneur and owner of the Houston Rockets Running a business sounds like a fantasy – being your own boss, setting your own hours, following your passion. In reality starting a company comes with its own stresses and risks, all of which you’ll have to face by yourself. Want to open up a...

Benefits of a Virtual Accountant As a small business owner you realize the importance of having your finances in order. After all, the decision to buy, sell, hire or fire are all based on your company’s financial status. Thankfully there are options. We will go through some of the ways how a virtual accountant can help your business. The thought of using a virtual accountant might be a new concept to some. Some connect the word “virtual” with...

Your LLC and Taxes – What You Need To Know The LLC differs from a corporation, in the eyes of the IRS, in that it is not considered a separate entity from the owner. It is treated for tax purposes as the individual, in the case where there is only one owner, and as a partnership where there are two or more owners. One of the first questions new entrepreneurs ask is how do small business owners pay themselves? As an employee taxes are...

Phone: (888) 561-7287 This is one of the most frequently asked question that we receive from small business owners. After all, getting paid is important whether you are an entrepreneur or 9-5 employee. The answer depends largely on how your business is structured. If you are an unincorporated business things are pretty straightforward. You pay tax on the profits of your business, regardless of whether or not you actually withdraw it from your...