by 5 Star Accounting & Business Solutions LLC | Uncategorized
Quick Summary: Could Changing My Business Entity Mean Smarter Profits?If you’re a Sole Proprietor or single-member LLC, you’re likely paying a hefty 15.3% Self-Employment (SE) tax on 100% of your profit. Electing S-Corp status splits your income between...
by 5 Star Accounting & Business Solutions LLC | Uncategorized
Quick Summary: What Smart Accounting For Small Businesses Looks Like In 2025Call your CPA/tax advisor before making financial moves to avoid missed deductions or costly surprises… and ask your bookkeeper to prep clean, current numbers so that advice is...
by 5 Star Accounting & Business Solutions LLC | Uncategorized
“Simple can be harder than complex.” — Steve Jobs Quick Summary: What’s Changing With The 2026 1099 NEC Threshold?Businesses will only be required to file a 1099-NEC if they pay an independent contractor $2,000 or more in a calendar year. The new rule begins...
by 5 Star Accounting & Business Solutions LLC | Uncategorized
“With organization comes empowerment.” —Lynda Peterson Quick Answers: Can I Put Personal Money In My Business Account?If you put personal money into your business account, it must be recorded correctly (as an owner’s contribution, not business...
by 5 Star Accounting & Business Solutions LLC | Uncategorized
Quick Answers: Who’s the Best Accountant to Help My Roseville Business Grow? The “perfect” accountant doesn’t exist. But the right fit for your business growth does. Look for an accountant who understands your industry so they don’t miss critical...
