Taylormade Financial, LLC

Forming an LLC (limited liability company) is not as hard as most people think. Here are the steps you need to take to make your LLC a reality. . . 1. Choose an available business name (start with your state’s Secretary of State website. Do a trade name search) .... . 2. File formal paperwork, usually called articles of organization, and pay the filing fee (ranging from about $100 to $800, depending on your state's rules) - most of the time, you can file this online. Some states require you to print and mail the form in. . . 3. Create an LLC operating agreement, which sets out the rights and responsibilities of the LLC members (not required by state but a great tool to have along with a business plan) . . 4. Publish a notice of your intent to form an LLC in the newspaper (required in only a few states). Obtain necessary licenses and permits that may be required for your business. . . That’s it!! Oh, and don’t forget to file for your EIN/Tax ID with the IRS (It’s FREE!) If you need more direction, I’d be happy to help! . . #smallbusiness #smallbusinessowner #businessplan #sba #entrepreneur #businessowner #smallbusinesses #smallbusinessowners #accountant #accounting #bookkeeper #quickbooks #teamwork #newbusiness #newbusinessowner #taxes #businesstips #quickbooksonline #taxhelp #taxprep #homeoffice #llc See more

Hey family So let’s chat about the many different 1099 forms. These forms report the various types of income you may receive throughout the year other than the salary your employer pays you. So let’s get started . . Independent contractor income:... . If you are a worker earning a salary or wage, your employer reports your annual earnings at year-end on Form W-2. However, if you are an independent contractor or self-employed you should receive a Form 1099-MISC from each business client that pays you at least $600 during the tax year. . . . 1099s for interest and dividends: . When you own a portfolio of stock investments or mutual funds, you may receive a Form 1099-DIV to report the dividends and other distributions you receive during the year. . . . Government payments: . The federal and state governments are equally responsible for reporting income that it pays to taxpayers. Government agencies commonly use Form 1099-G to report the state income tax refunds and unemployment compensation you receive during the year. . . . Withdrawals from a retirement account: . When you withdraw money from your traditional IRA, in most cases it is taxable. You will receive a Form 1099-R that reports your total withdrawals for the year. . . . The 1099-C for debt cancellations: . Sometimes, transactions can increase your taxable income even when you don’t receive a payment. . . Let us know if you have any questions!!!

Hey family So we get this question a lot in business. So here’s a tip! In a partnership, each partner is an owner & has a hand in making decisions and running the the business. An alliance is an agreement between two independent companies to share assets, skills and resources to achieve a common goal. .... . . See more

Morning family One thing I’ve learned over the years is to NEVER stop learning. Even if you consider yourself an expert in a particular field, there is ALWAYS room for growth. . . What have you been studying lately? ... . See more

Hey family ! Yodays mini lesson is about the different Quickbooks Online modules and which one is best for your small business. Let’s dive in! . . Quickbooks Online Self-Employed - For independent contractors who file Schedule C .... Quickbooks Online Simple Start- For new businesses just starting out . Quickbooks Online Essentials - For service-based businesses who invoice for their time. . Quickbooks Online Plus - For product-based businesses who track inventory. . Tomorrow, we will chat about the different desktop versions. Send a message with any questions ! I’d be happy to help! . . #smallbusiness #smallbusinessowner #businessplan #sba #entrepreneur #businessowner #smallbusinesses #smallbusinessowners #accountant #accounting #bookkeeper #quickbooks #teamwork #newbusiness #newbusinessowner #taxes #businesstips #quickbooksonline #taxhelp #taxprep #homeoffice #deductions #taxdeductions See more

Beginning in 2018, employees are no longer eligible to deduct unreimbursed job expenses, including the cost of a home office. . . The good news is that if you’re self-employed or run a business from home, tax reform didn’t change your ability to deduct home office expenses against your business income. .... . For help calculating your deduction amounts, please contact Taylormade Financial today! Web: www.taylormadeaccounting.com Email: [email protected] Office: (530) 264-8113 . . . #smallbusiness #smallbusinessowner #businessplan #sba #entrepreneur #businessowner #smallbusinesses #smallbusinessowners #accountant #accounting #bookkeeper #synergy #teamwork #newbusiness #newbusinessowner #taxes #businesstips #businessquotes #taxhelp #taxprep #homeoffice #deductions #taxdeductions See more

ATTENTION ALL C-CORPORATIONS ! Awesome news for all C-Corps! The new corporate tax rate of 21% is lower and PERMANENT The new rate is also a flat tax, meaning it’s the same for all C corps. In or there words, if you make $15 or $15,000,000; you pay the same 21%.... #smallbusiness #smallbusinessowner #businessplan #sba #entrepreneur #businessowner #smallbusinesses #corporate #smallbusinessowners... #accountant #accounting #bookkeeper #synergy #teamwork #newbusiness #newbusinessowner #taxes #businesstips #businessquotes #taxes #businesstaxes See more

If you’re a pass-through business owner, the good news is you may be able to deduct up to 20% of your qualified business income (the net income that comes directly from your business). The bad news? You can only take it if you meet certain qualifications. For more information, contact us today! [email protected] Www.taylormadeaccounting.com #smallbusiness #smallbusinessowner #businessplan #sba #entrepreneur #businessowner #smallbusinesses... #smallbusinessowners #accountant #accounting #bookkeeper #synergy #teamwork #newbusiness #newbusinessowner #taxes #businesstips #businessquotes #taxes #taxes #taxtips #accounting #accountingtips #finance #financetips #cpa See more

Those little wins, no matter how small, are there to keep you motivated in the long-term. Tracking those small achievements helps to boost your confidence by activating the reward system in your brain. . . Small victories vary from person to person, and what may seem small to you could be enormous to someone else. So take the time to pause and feel good about what you’ve just accomplished. When you show appreciation for your small victories, you show appreciation for yourself, too. #celebrate #victorious #smallvictories #courage #victory #accomplished #goals #goalsetting #goalsetter #goaldigger #patontheback

A business plan is vital to the success of any company. It describes all aspects of your business what it does, the financing it has or needs, its future plans, and your strategy for making it all work. Your business plan is useful for you and your employees, but it can also be crucial for obtaining funding, because banks and lenders will want to see one before they decide to fund your business. #smallbusiness #smallbusinessowner #businessplan #sba #entrepreneur #businessowner

Good Afternoon! It is already SEPTEMBER. Wow this year has flown by. Are your books current for your 2018 taxes? Get ahead of the game! Taylormade Financial cal help!Good Afternoon! It is already SEPTEMBER. Wow this year has flown by. Are your books current for your 2018 taxes? Get ahead of the game! Taylormade Financial cal help!