With the passage of Tax Cuts and Jobs Act late 2017, many of the changes take effect starting January 1, 2018. Have you adjusted your financial and tax plan to make the most of tax reform? With proper planning now, taxpayers and businesses can benefit from many provisions. 

In these lively interviews, Jeff Dvorachek, CPA, provides guidance on the new tax laws to help businesses and individuals understand how their individual tax situation will be affected.

Tax Insights

As a business owner, you can choose among a variety of structures for operating your business. The business structure you choose influences everything from day-to-day operations to taxes and how much of your personal assets are at risk. You should choose a business structure that gives you the right balance of legal protections and benefits.

In this episode, Jeff Dvorachek, a tax partner, takes a closer look at the benefits of different types of business entities such as an S-corporation, C-corporation, partnership, or sole proprietor.

Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses, and organizations the services they need to save taxes, preserve wealth and maintain compliance. 

We have offices in Wisconsin and Minnesota. Listen to more of the Tax Insights Podcast at hawkinsashcpas.com/cpa-hq/podcast/.

Different Types Of Business Entities

Many small and medium sized businesses face the issue of when someone is an employee and when they are an independent contractor.  It is critical that owners correctly make this determination as there are consequences if someone is misclassified.

Independent Contractor vs. Employee

Whether you are an employee or you own your own business, retirement plans can be the best way to retire with dignity.  With fewer companies offering pensions, it is really important that we save on our own for our own retirements.  That being said, although workers are getting better, most still need to contribute more.

Ways to Save for Retirement

You Have Received an Inheritance – Now What?

According to the Wall Street Journal, the average college graduate has student loan debt of over $37,000, and as a group, the Federal Reserve Bank of New York says the amount is over 1.3 trillion dollars.  This student loan debt is really affecting the new graduate’s ability to start their lives and even buying a home.    

Starting a college savings plan can help reduce this debt and help with the student loan crisis.

529 Plans and Saving for Education

As a business owner, did you know that you might be required to send Form 1099s to your vendors and that your customers may be required to send them to you?

Form 1099s: Requirements and Exceptions

In these lively interviews, Jeff Dvoracheck, CPA, breaks down complex tax topics into bite-size how-to's. 

Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota. Learn more at www.HawkinsAshCPAs.com.

Different Types Of Business Entities

Tax Insights with Hawkins Ash CPAs