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Good Leadership in Your Roseville Metropolitan Area Business Starts Here

Good Leadership in Your Roseville Metropolitan Area Business Starts Here

by 5 Star Accounting & Business Solutions LLC | Uncategorized

When running a business, no one prepares you for how to handle hurricanes like Helene and Milton. They probably didn’t think to cover that chapter in business school. The IRS is stepping up to provide assistance to business owners throughout the Southeast who...
Sales Tax Filing Mistakes To Avoid in Your Roseville Metropolitan Area Business

Sales Tax Filing Mistakes To Avoid in Your Roseville Metropolitan Area Business

by 5 Star Accounting & Business Solutions LLC | Uncategorized

Despite being a nation that systematizes and plans, when the unexpected occurs, we still find ourselves reeling and trying to adjust. In the case of Helene and western North Carolina, it’s been a difficult battle. Who could have predicted that kind of flooding and...
Genevieve Maiorana on How You as a Business Owner Pay Yourself

Genevieve Maiorana on How You as a Business Owner Pay Yourself

by 5 Star Accounting & Business Solutions LLC | Uncategorized

I’m watching in disbelief, like you, as I see the photos of the hurricane devastation keep rolling in. It’s hard to believe so much infrastructure can be swept away that quickly. Our hearts are grieving for those who lost loved ones and homes and businesses from...
Cloud Storage for Businesses: 5 Star Accounting & Business Solutions LLC’s 7 Steps For Going Digital

Cloud Storage for Businesses: 5 Star Accounting & Business Solutions LLC’s 7 Steps For Going Digital

by 5 Star Accounting & Business Solutions LLC | Uncategorized

 Fall is “officially” here (even if it still doesn’t quite feel like it), but that also means a lot less sunlight for the next few months. At least there are mugs of steaming cider and pumpkin-flavored pastries to look forward to.Here’s something that you may not...
How to Pay Estimated Taxes: Is Your Roseville Metropolitan Area Business Doing This Right?

How to Pay Estimated Taxes: Is Your Roseville Metropolitan Area Business Doing This Right?

by 5 Star Accounting & Business Solutions LLC | Uncategorized

Cue the pumpkin stands, trick-or-treating supplies, mannequins with sweaters, and the way-too-perfect apple-picking photos in your social media feed.The calendar flipped to September and suddenly it’s fall … y’all. (Saw that one on a scrolling bank...
How To Start Your Roseville Metropolitan Area Small Business, Part Two

How To Start Your Roseville Metropolitan Area Small Business, Part Two

by 5 Star Accounting & Business Solutions LLC | Uncategorized

The next generation might not know what Benjamin Franklin was talking about when he said “A penny saved is a penny earned.”That and so many other cliches we take for granted related to money. Lucky penny…pennies on the dollar…penny for your thoughts…see a penny pick...
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Can End-Of-The-Year Giving Mean Tax Deductions For My Roseville Business?

Key TakeawaysWhen your business gives back, make sure it’s documented correctly so your tax professional can secure any potential tax benefits.  Charitable contributions to qualified 501(c)(3) organizations can be deductible. Marketing-related giving...

The Work Opportunity Tax Credit: Year-End Hiring Benefit for Roseville Businesses

Key TakeawaysYes, the WOTC applies if you hire someone before December 31, 2025.  You must submit IRS Form 8850 to your State Workforce Agency (SWA) within 28 days of the new employee’s start date. The potential tax savings can be worth up to $2,400 per...

Why Cash Flow Management Is Important At Year-End in Your Roseville Business

 Key Takeaways Profit doesn’t equal liquidity: You can look great on paper (i.e., profitable) and still run out of cash. Year-end cash flow management is about accelerating what comes in and strategically optimizing (delaying) what goes out (legally, of...

What Year-End Moves Can Protect Roseville Owners From Form W9 Mistakes?

Key TakeawaysKeep every contractor’s Form W9 on file before the first payment. If your contractor won’t give you a W9, follow the three-step written request process to prove due diligence. Use the IRS TIN Matching tool before filing your 1099s to verify...

Changing Your Business Entity Means Smarter Profits, Roseville Owners

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...

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