Business and Individual Tax, Accounting, and Financial Needs
Table Of Content
Our professionals take the headache and labor of bookkeeping for a fraction of the cost of a full-time employee. That is why we offer all new clients a free initial consultation. At that meeting, we will review your situation and then in most cases give you a quote to complete the project. Business succession planning has more to do with preserving that asset if the owner was no longer capable of working anymore. Please keep in mind the primary reason to purchase a life insurance product is the death benefit. Life insurance products contain fees, such as mortality and expense changes, and may contain restrictions, such as surrender periods.
Business Services
We have over 20 years of experience in dealing with and supporting various versions of QuickBooks. We can install QuickBooks and have the system up-and-running in a short period of time. Then, continue to support you by simply answering your questions or providing you with one of our full-service programs. To successfully run and grow a business, you need to know how to run your business efficiently. Statistics show five out of 10 new businesses fail within the first five years. Small Business Administration, the following are the top 10 reasons why businesses don’t succeed.
Advisory Services
Reviews consist mainly of inquiries of key personnel and analytical procedures applied to financial data of the company being reviewed. We are a Nebraska based professional accounting firm, serving the Midwest with offices in Albion, Norfolk, Columbus, Grand Island, Lincoln, Omaha and Wayne. There isn’t an exact answer as to when a business should incorporate. In general, any sole proprietorship with a net income of $40,000 or more should discuss with a professional whether incorporating their business would be beneficial or not.
Services
Our Payroll Services can help you get it right the first time. With our service, the only thing an employer has to do is figure hours and then fax, e-mail or call that information to our office. This leaves the owners with the task of just signing the checks. The payroll service also includes handling the annual worker’s compensation audit at no extra cost. Our bookkeeping services offer business owners the luxury of an in-house bookkeeper without the worries of having an employee call in sick or having to pay out benefits.
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The cost to administer the plan can be as low as a few hundred dollars a year, and your employees receive a valuable benefit. Executive Deferred Compensation programs fall into three different categories. First, they may be well suited for the high income business owner who wants to defer taxes on more than is allowed under a 401(k). Second, they are perfect when a business owner has a key employee he or she would like to keep around; sometimes these plans are called “Golden Handcuff” plans. Lastly, these programs are an ideal way to extract excess cash that has built up inside a C-Corporation. Robert Cruise brings a great deal of wealth management experience to the table, when you combine that knowledge with our knowledge in the income tax and accounting laws.
We do this by meeting with our clients multiple times throughout the year. Our job is to bring ideas to the table at each and every meeting. We can handle all your accounting needs and even provide training for you and your staff. If you’re fortunate enough to be in this position, we have the perfect solution for you. Our Remote Controller service gives you a professional financial manager who works with you to help guide your business to success.
CruiseOne®/Dream Vacations Incorporates Cruises Inc.® into Franchise Business Model
We make it a point to meet with each of our business clients multiple times throughout the year. At those meetings, we will talk about and give advice based on what we are seeing in the financial statements. Long-term care insurance is one of many strategies our professionals use in protecting our clients life time savings. Others might include, but not limited to, life estates, gifting programs, trusts, etc.
As a partnership, you can take guaranteed payments to partners or income draws. As a corporation, you must take a salary first then you can take dividends or distributions. Yes, your financial statements have a wealth of information within them, and if you are like most people, you don’t know how to tap into that information.
Payroll
We spend time with our clients to develop a custom strategy because what works for one person doesn’t necessarily work for everyone. What makes our programs unique is we sit down with you one-on-one and do the training. We are there with you to answer questions specific to your business.
We work relentlessly to find tax reduction opportunities such as tax credits and incentives. We identify tax reduction strategies through cost segregation, LIFO implementations and tax deferral strategies. For your governmental entity, you may need to file an audit waiver request form with the Nebraska Auditor of Public Accounts. We can assist you in preparing the audit waiver request form based on the information you provide.
To successfully run and grow a business you need to know how to run your business efficiently. We offer the following business services to help you keep your business running smoothly and profitably. Prior to joining our team, she spent 3 years as a Sales Executive in Specialty Tub sales for nursing homes and assisted living communities and 20+ years in retail, mainly in the shoe business. Fort Lauderdale, Fla. (October 11, 2021) – World Travel Holdings announces that it is merging its Cruises Inc®. Independent contractor and CruiseOne®/Dream Vacations franchise business models, so it can create more profitable opportunities for its network of agents.
While it is absolutely possible to die without planning your estate, I wouldn’t say that is advisable. If you don’t leave behind an estate plan, your family could face major legal issues and possibly bitter disputes. This could include wills and trusts, life insurance, a living will, power of attorneys for financial and health care and more. The IRS has very specific rules for a corporation to follow regarding how a tax return is filed. An LLC doesn’t have any specific set of tax laws to follow because the IRS considers them to be a unique entity. It can choose to file taxes like a sole proprietorship, a partnership, or a corporation.
We can help design an investment plan to fit your risk tolerance, time frame and savings goals. So, you need to protect all those assets from the high costs of long term care. This includes home health care, assisted living, and or traditional nursing home care. The law requires that a person or couple deplete most if not all their assets, including the equity in your home, to pay for these expenses prior to Medicare kicking in.
Each client is assigned to a dedicated accountant that works with them year in and year out, allowing them to know you and your business personally. The information contained in this article is not intended to constitute legal, accounting, tax, investment, consulting or other professional advice or services. For specific information that applies to your circumstances, you should consult a qualified tax advisor. In accordance with IRS Circular 230 Disclosure and to ensure compliance with requirements imposed by the U.S. Internal Revenue Code or (2) promoting, marketing, or recommending to another party any tax-related matters addressed therein. We stand behind our work, so clients can depend on us to represent them in any federal, state, and local tax examinations.
Our goal is to meet your accounting needs and ensure your finances are streamlined and efficient. We specialize in income taxes, tax planning, bookkeeping, payroll, business controls and wealth management. We want to increase your income and reduce your tax liability. We listen to your needs and work one-on-one with you to develop the right plan for you and your business.
There’s no substitute for the assistance of an experienced tax professional. A nice and not very expensive benefit that most business could provide to their employees is a Section 125 Cafeteria Plan. These plans allow for an employee to pay for out of pocket medical expenses, out of pocket health insurance, out of pocket dependent care expenses all with pre-tax dollars.
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