3 Things to Know about Filing S-Corp for Your LLC
At Edgewater CPA Group, we guide LLC owners through the process of filing S-corp, ensuring accuracy and compliance with IRS regulations. Call us at (317) 386-7021.
Business Structure
4 Freelance Financial Mistakes to Avoid
Starting a freelance career is both exciting and daunting. As you navigate this new world of independence and flexibility, it’s essential to recognize a common challenge many freelancers face: managing finances effectively. At Edgewater CPA Group, we understand that transitioning to freelance work can bring several new responsibilities, especially around financial management. Here are four frequent freelance financial mistakes we’ve seen people make and how to avoid them.
4 Signs You’re Ready to File Your S-Corp Tax Election
As a small business owner operating as an LLC, you may be considering whether or not it’s time to file for an S-Corp tax election. Making the switch can have various benefits, such as potential tax savings and increased credibility with customers and vendors. But how do you know when the timing is right? Edgewater CPA Group discusses four key signs that indicate you’re ready to file for your S-Corp tax election.
What You Need to Know about the BOI
As a business owner, staying abreast of new information and reports relevant to your industry can be a challenge. One such report recently released is the BOI or Business Ownership Information report. As of January 1, 2024, registered businesses like Limited Liability Companies and Corporations must file this report with the Financial Crimes Enforcement Network (FinCEN). We realize you might have questions, so here’s what your friendly accounting experts at Edgewater CPA Group want you to know.
How to Navigate Accounting Duties during a Merger
A business merger or acquisition can be exciting for both employers and employees. However, for payroll and controller professionals, it can also mean a lot of additional tasks and challenges. As one of the key departments during a merger or acquisition, it’s important to start planning early and be aware of some of the most common hurdles. Below, Edgewater CPA Group shares some tips and best practices for navigating accounting duties during a merger.
How to Choose the Right Business Structure
When starting a business, one of the first decisions you’ll need to make is what business structure to use. Unfortunately, there are several different options, and it can be confusing trying to decide which is the best for your business. However, with expert CPAs from Edgewater CPA Group, you can find the right business structure and get all the benefits of reliable business assistance to meet your needs.
LLC Business: What You Need to Know
When starting a business, one of the first decisions you’ll need to make is what type of business structure to use. There are several business structures to choose from, but one of the most popular is the Limited Liability Company or LLC. An LLC business offers some benefits over a Sole Proprietorship or a Partnership, and it is also a tax-efficient way to run a business. When you work with Edgewater CPA Group, we’ll help you explore how LLCs work and some of their benefits.