Small Business Accounting and Tax Practices
Article: Small Business Accounting and Tax Practices—Pitfalls to avoid Category: 1040 Income Tax Small Business Accounting and Tax Practices—or what pitfalls to avoid May 21st, 2020 Jessica I. Marschall, CEO, Marschall Accounting Services LLC Over the past nineteen years of being a CPA providing tax consultation services to small businesses, I have seen the good, […]
Read MoreTax Season 2021 Recap-Relevant Tax Issues And How To (Hopefully)
Article: Tax Season 2021 Recap-Relevant Tax Issues and How to (Hopefully) Category: 1040 income tax, Charitable Donations, Itemized deductoins Jessica I. Marschall, CPA, President Marschall Accounting Services LLC August, 2022 One: What Went So Wrong with Federal Withholdings? Were you in for a huge shock when you finished taxes and owed a huge debt to […]
Read MoreAudited? What Comes Next
Article: Audited? What Comes Next Category: 1040 income tax Jessica I. Marschall, CPA President Marschall Accounting Services LLC The day’s mail arrives and, with it, a dreaded letter from the IRS. A taxpayer’s return has been selected for examination or the dreaded A-word AUDIT. The IRS does not provide reasons as to why a return is […]
Read MoreOpening A Business? Follow This Important Checklist!
Article: Opening a Business? Follow this Important Checklist! Category: 1040 income tax 1. Determine your business entity classification will be a Corporation, S-Corporation, LLC, or Sole Proprietor. 2. Only Corporations, S-Corps, and LLC protect personal assets. You can open an LLC on your state’s corporation website and it is highly recommended that businesses have the […]
Read MoreSmall Business Tax And Accounting Updates: Ending 2022
Article: Small Business Tax and Accounting Updates: Ending 2022 Category: 1040 income tax, IRS, Small Business Small Business Tax and Accounting Updates: Ending 2022 Jessica I. Marschall, CPA Tax Season 2022 is just around the corner. Our firm put together the most important and prevalent tax and accounting issues pertaining to small businesses. We have […]
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