Has your small business taken advantage of one or more of the COVID-19 relief programs authorized by the American Rescue Plan for 2021? If so, you need to be aware of your potential tax liability for federal and state taxes. 2020 and 2021 were not typical tax years thanks to the trillions pumped into the… Continue reading Business Tax Ramifications From COVID Relief Measures
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Cryptocurrency Taxes and Your Business
If it hasn’t happened yet, rest assured that it will. Sooner or later, a customer will want to pay you in cryptocurrency, or an employee is going to ask to be paid in Bitcoin or some other cryptocurrency. If like many southern California small business owners, you haven’t completely wrapped your head around crypto and… Continue reading Cryptocurrency Taxes and Your Business
Did You Trade Cryptocurrency in 2021? If So, You May Owe Tax
Whether you are involved in cryptocurrency or not, it is certainly part of our current financial environment and one we need to consider in our business and personal transactions today. Before jumping into cryptocurrency, be sure to do your due diligence as there’s a great deal to learn about it. Check these facts about crypto:… Continue reading Did You Trade Cryptocurrency in 2021? If So, You May Owe Tax
The Great Resignation And Small Business Boom
One of the most surprising side effects of the COVID pandemic has been the phenomenon known as the Great Resignation. Today there are over 11 million job openings in the country but only 7.4 million people draw unemployment benefits. Interestingly, another phenomenon has sprung up, a boom in small business filings. After an initial lockdown… Continue reading The Great Resignation And Small Business Boom
Tax Write-Offs For Self-Employed: Don’t Forget These!
Are you among the roughly 16 million Americans who are self-employed? Surprisingly, according to a Dartmouth survey, 70.8% of Americans say they would prefer to be self-employed, yet only about 7% are. While there are advantages, particularly in personal freedom and direction, there are daunting challenges working for yourself. The pressure is always on to… Continue reading Tax Write-Offs For Self-Employed: Don’t Forget These!
2021 Tax Time Services: Individuals, Trusts, and Business
It is tax time again, and you may have noticed we have made some big changes. Sterling Tax Group is now part of William Rogers Company, known as Sterling Tax Advisors. We specialize in servicing the tax needs of Individuals and Trusts. Business Entities work with ASCEND Business Advisory, a business division of William Rogers Company.… Continue reading 2021 Tax Time Services: Individuals, Trusts, and Business
The New Way To Think About Business Success
Despite the daily waves of negative news regarding COVID and its impact on small and medium-sized businesses, a recent poll of owners and CEOs revealed an overall optimistic outlook for 2022. We have always believed that smaller, privately-held companies tend to be more resilient and agile than larger organizations. The number of smaller companies that… Continue reading The New Way To Think About Business Success
The Post-COVID Business Pivot
Small businesses, particularly startups, frequently discover their initial business plan is not taking them where they want to go. That usually leads to several rounds of “tweaking,” but when that fails, they are faced with more existential decisions: persevere, quit or try something new. When there is a significant change in strategy, a business has… Continue reading The Post-COVID Business Pivot
ANNOUNCING THE NEW WILLIAM ROGERS COMPANY
I want to share an exciting milestone for our firm. The new William Rogers Company (WR Co) is now the parent company to these two businesses: ASCEND Business Advisory: Serves businesses, educates, and creates business solutions in Accounting, Tax, and Business Advisory services for small to medium-sized companies and takes them to new heights. Sterling… Continue reading ANNOUNCING THE NEW WILLIAM ROGERS COMPANY
Simple Ways To Prepare Your Books For Year-End
Another Pandemic influenced year is coming to an end, and it is time to clean up your books and prepare for 2022. If you have been meticulous about keeping your records up to date throughout the year, closing your books for 2021and generating accurate financial statements will be a piece of cake. But, if your… Continue reading Simple Ways To Prepare Your Books For Year-End