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2024 Business Planning Guide
This Guide outlines strategies that may help lower your tax bill. However, careful planning involves more than just focusing on lowering taxes for the current and future years. Each potential tax savings opportunity must be considered in the context of its effect on your entire business. In addition, tax planning for closely-held business entities requires…
Read More2024 Individual Planning Guide
Tax planning for yourself and your household can ensure a smooth transition from 2024 to 2025. Now is the time to review your taxes and identify opportunities for reducing, deferring or accelerating your tax obligations. Here are some tips to get you started. Corporate Transparency Act – 12/31/24 Deadline As previously communicated, we want…
Read More2024 Business Reporting Reminders Guide
As the year draws to a close, all businesses must meet the following reporting obligations: Corporate Transparency Act (CTA) Form 1099-MISC and 1099-NEC S-Corporation Health Insurance Personal Use of Employer-Provided Vehicle Personal Property Tax and Business License Returns Corporate Transparency Act – 12/31/24 Deadline As previously communicated, we want to keep you informed on…
Read MoreCorporate Transparency Act — 12/31/24 Deadline
Corporate Transparency Act — Beneficial Ownership Information Reporting Requirement As previously communicated, we would like to share the latest updates and insights with you about the Corporate Transparency Act. Starting January 1, 2024, a significant number of businesses are required to comply with the Corporate Transparency Act (CTA). The CTA was enacted into law…
Read More2023 Business Reporting Reminders Guide
As the year draws to a close, all businesses must meet the following reporting obligations: Form 1099-MISC and 1099-NEC S-Corporation Health Insurance Personal Use of Employer-Provided Vehicle Personal Property Tax and Business License Returns Form 1099-MISC and 1099-NEC There are several important items and key changes to consider for FORMS 1099-MISC/NEC, whether you prepare them…
Read More2023 Business Planning Guide
This Guide outlines strategies that may help lower your tax bill. However, careful planning involves more than just focusing on lowering taxes for the current and future years. Each potential tax savings opportunity must be considered in the context of its effect on your entire business. In addition, tax planning for closely-held business entities requires…
Read More2023 Individual Planning Guide
Tax planning for yourself and your household can ensure a smooth transition from 2023 to 2024. Now is the time to review your taxes and identify opportunities for reducing, deferring or accelerating your tax obligations. Here are some tips to get you started. As a reminder, WellsColeman will no longer send certified payments on…
Read MoreWhy businesses may want to consider ESG in strategic planning
When engaging in strategic planning, business owners and their leadership teams must consider various factors. These commonly include the state of your industry, the national and local economies, the company’s financial position and cash flow, and opportunities in the marketplace. However, in today’s world, where transparency is everything, another factor that may be important for…
Read More2023 Q3 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. July…
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