Can I hire my children to work in my business?
We often get asked what our favorite tax planning strategies are. Right up near the top of the list is employing your kids in your business. The IRS has a carve out for parents to put their kids to work in their business to the tune of $12,950 per child, tax free!...What are your business goals and how can we help you reach them?
Every small business owner has different goals, and we’d like to help you reach them. What are your business goals? Expand and grow to the moon? Take your company public someday? Pass it down to your children? No matter how big or how small, there are solutions...Does the IRS owe YOU money?
Does the IRS owe YOU money? The Employee Retention Tax Credit has been recently updated, and is available for businesses who: have employees (not including owners) experienced revenue decline in 2020/2021 were impacted by government mandates/shut-down orders If your...One month left before the 2021 S Corp filing deadline!
The deadline for S Corporations to file (if you filed a six month extension back in March) is September 15th, 2022. But don’t worry, that is plenty of time to get your S Corporation tax return done! A lot of small businesses that elect to file as an S Corp...2021 Tax Preparation
Your mail and email inbox has likely been cluttered with various tax documents from 2021. Specifically, all W-2 forms, which outline your annual income, must be sent to you by the end of January so that you are able to complete your individual taxes by the April 15th deadline. It is time to think about preparing and filing your taxes. If you are looking for help with the tax preparation process for your 2021 taxes, Havig Tax & Consulting can help
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