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When it comes to managing your finances as a business owner or investor, understanding and leveraging tax-advantaged strategies can be a game-changer. As we approach this year’s tax season, we’re diving into tax-advantaged strategies to shed light on their importance, benefits, and practical applications. At SME, we know how crucial tax strategies are in shaping…
Read MoreAs many of us are in the midst of tax planning, now is the perfect time to take a step back and reassess our personal financial strategies. Whether your goal is to pay off debt, save for a dream vacation, or simply gain a better understanding of your financial situation, streamlining your personal finances should…
Read MoreWe say it every December, but now is the perfect time to audit your finances and prepare for tax season. Follow these steps to start the new year with your best financial foot forward. Getting Ahead of Tax Season For small and medium businesses, give your tax professional plenty of time to sort through your…
Read MoreWe say it every December, but now is the perfect time to audit your finances and prepare for tax season. Follow these steps to start the new year with your best financial foot forward. Getting Ahead of Tax Season For small and medium businesses, give your tax professional plenty of time to sort through your…
Read MoreDo you need to file a 1065? What about an 8828 or a 1099-DIV? Tax forms quickly get confusing. Here’s a breakdown of the most important ones to know based on your circumstances, plus a look into federal withholdings. Tax forms for the individual If you’re alive and breathing… file Form 1040. This is your…
Read MoreThe wealth management needs of business owners are often a lot more complex than those of individuals. That’s why we’ve teamed up with Avantax Planning PartnersSM to offer a financial planning solution that helps you navigate the unique financial challenges of today’s entrepreneurs. What is wealth management and why does it matter to business owners?…
Read MoreStarting January 1, 2024, a significant number of businesses will be required to comply with the Corporate Transparency Act (“CTA). The CTA was enacted into law as part of the National Defense Act for Fiscal Year 2021. The CTA requires the disclosure of the beneficial ownership information (otherwise known as “BOI”) of certain entities from…
Read MoreAs a small business, there’s no exact answer to when you should offer employees a retirement plan. However, you’ll quickly find that for many potential hires, this benefit is non-negotiable. When you’re ready to attract the best candidates with a competitive work environment, it’s time to set up a workplace-sponsored plan. Lucky for you, there…
Read MoreWith much of the year already behind us, now is the perfect time to check in with your CPA or CFO team. Together we can see how your current financial status compares with projections set for the year. Whatever challenges or successes you’ve met in 2023, our team at SME CPAs is ready to find…
Read MoreTo you, the value of your business is the blood, sweat, and tears you’ve put into its success. A formal business valuation puts that hard work into an analysis potential buyers, partners, and investors can understand. Learn the best methods for conducting a business valuation and how to know when your company needs one. What…
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