To the right are ten short video presentations on questions I'm frequently asked by business owners. You will find if you listen to a few of these short video presentations, you will get some great advice for free!
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*The Financial Performance Center (Founded by Peter Holtz, CPA) provides bookkeeping services to small businesses located in Lodi, Stockton, Modesto, Tracy, and surrounding areas, as well as tax preparation and tax planning.*
SHOULD I INCORPORATE MY BUSINESS?
Pros and Cons, including limited liability, tax planning, income sheltering, as well as record keeping, costs of formation and termination, and the dreaded Double Taxation!
All of these things should be considered and require careful planning! We can help you with this, as we have plenty of hands-on experience in this area.
C Corp, S Corp, or LLC?
It depends, there are several differences, and your specific business statistics like losses and profits, and limited liability, and these things can dictate which corporation your business becomes!
We can help you figure out the confusing legal and bureaucratic rules and regulations in forming your corporation!
HOW SHOULD I ORGANIZE MY BUSINESS RECORDS?
Organization and discipline in business, planning, budgeting, meticulous recording and monitoring, separation of business finances from personal.
It's easy to fall behind, but don't wait too long to get help! We offer all-encompassing accounting and bookkeeping services to help YOU stay organized and on top of your game!
WHAT QUALIFIES AS A BUSINESS EXPENSE?
What can I write-off as a business expense? Rules of the IRS and the State of California..."necessary and reasonable" expenses.
We can help you with your records and documents to structure your finances and increase your awareness of financial law.
WHICH ACCOUNTING SOFTWARE SHOULD I USE?
Most of the time, Quickbooks is the ideal program for your business, due to all the tools, reports, and analyses it offers. Upgrades are possible and it can grow with you.
We can also grow with you, and adapt our wide range of accounting, bookkeeping, and payroll services to your specific needs.
HOW ARE BUSINESS TAXES DIFFERENT THAN MY PERSONAL TAXES?
When do I pay, and how much are the estimated taxes for my business? Learn about payroll, income, sales, property, state, federal, and city business license taxes and how to avoid high penalties!
HOW DO I PREVENT EMBEZZLEMENT AND THEFT?
Divide tasks, access, and record keeping to help prevent losing money to embezzlement or theft! Always ask questions, and trust your gut. Control is key.
It's always good to have someone else keeping an eye on things, and we can help do that with our hands-on approach to bookkeeping and active involvement in your accounting!!
BOOKKEEPING FOR YOUR BUSINESS
How should I keep the books for my business? Help me understand business bookkeeping and the requirements for the IRS, BoE, FTB, and EDD!
WHO GETS AUDITED?
Audits are a hassle, but you can win with the right bookkeeping, proof, advice, and documentation!
We can help you through this process, and make your life easier!
WHAT ARE THE RED FLAGS THAT CAN TRIGGER AN AUDIT?
Red Flags that can trigger an audit...how to avoid being a target for the IRS. Schedule C's are especially suspicious, as are family members on the payroll or home offices.
We can help keep you during the auditing process and also prevent future audits! We know how to maintain your records and make everything easier for you.
