Frequently Asked Questions (FAQ)
Many clients have similar questions when it comes to accounting and taxes. Below you will find some of the most common questions we receive and our thoughts on these topics.
Keep in mind, not all businesses and situations are the same, so please feel free to contact us with any additional questions or clarifications pertinent to your situation.
Cost Segregation
What is cost segregation and why are so many people talking about it? Cost segregation is a method used to accelerate your deductions on the property that you purchase. It is commonly used in residential rentals and commercial real estate. The investor can allocate...
S Corp or LLC
I have a new business. How do I know if I should set up an LLC or an S Corp? They each have benefits. With an LLC, you have flexibility of partner distributions and how you allocate partner income. With an S Corp there's an opportunity for savings on your...
HOW DO I FILL OUT MY W-4
How do I fill out my W-4 so that I owe less tax at the end of the year, or possibly get a refund. First, you fill out your name and address at the top, and then you go to part C. Under single, if click single, you'll have the most tax withheld for federal tax...
