Tax Refunds: Are You Above Average?

It’s tax time. Across the country people are digging through their files to find receipts and getting ready to file. In 2014, the average tax return amount for all refunds was $2,783. Whether your small business paid into the government or was one of the over 149 million that saw money come back, the importance of correctly filing cannot be underestimated. Nor is the fact that a professional and qualified tax preparer can reduce the amount if you are paying in, and increase the return should one be owed to you. (more…)

What to Bring Your CPA at Tax Time

Finding the right accountant for your small business taxes is an important decision that extends beyond tax season. The right accountant can help you throughout the year to make sure that your business is ahead of the game when it does come time to file. Depending on the financial company you choose to work with and the services they provide, much of the information they need to ensure your taxes are ready to file they may already have. If you are working with a CPA for the first time, or if they do not manage your financials throughout the year, it is important to make sure they have all the documents they need to bring you the best return or lowest payment due that is possible. Though businesses and their tax preparation needs are unique, there are some basic things that a CPA will need to do the job right. (more…)

5 Most Popular Small Business Accounting Software Options

Since the personal computer became a business necessity, companies have been investing in many different software options designed to make their bookkeeping tasks easier. Let’s face it, managing your finances is time consuming and can be a real headache unless you happen to have a degree in accounting. Since most small business owners do not, accounting software can be a very attractive option. Some programs may require a one-time investment. Others, especially cloud-based programs will charge using a scheduled plan. There have been many accounting software firms over the years. However there is a short list of common accounting software options that are the most notable. (more…)

End of Year Tax Tips for Small Businesses

At the end of each year, small business owners take a look at the past 365 days. They recount their successes, consider their challenges, and based on those thoughts they look towards the changes they will make to be more successful in the New Year. One thing that will not change is the need to be fiscally healthy in regard to taxes. The end of the year is a fantastic time to examine your finances and there are several great end of year tax preparation tips that will help successfully close out your fiscal year and take advantage of additional deductions. These tips can make a big difference in your tax success and your bottom line. (more…)

Cash vs. Accrual Accounting for Small Businesses

Every small business must keep a record of its income and expenses. The IRS requires that each business uses an accounting method to show all financial transactions clearly. There are two methods that are typically used for accounting; the cash method, and the accrual method. It’s an important decision and unless your business legally requires you to use one or the other, you must choose the method that works best for your needs. Your choice is called your basis of accounting. Both methods have positives and negatives and your choice can affect your finances in more ways than simply how you do your taxes. (more…)

Tax Implications in Writing off Your Vehicle

Landwehr Financial Solutions is a highly experienced provider of accounting and financial solutions in St. Cloud, MN. By taking a holistic approach, we are able to benefit individuals and small businesses with superior service and individualized education. If you are a business in the St. Cloud, MN area, Landwehr Financial Solutions should be your first call to make sure you are receiving the full advantage of small business tax deductions. (more…)

Self-Employment Tax Simplified

Landwehr Financial Solutions is a highly experienced provider of accounting and tax solutions in St. Cloud MN. By taking a holistic approach, we are able to benefit individuals and small businesses with superior service and individualized education. If you are a business in the St. Cloud MN area, Landwehr Financial Solutions should be your first call for all your tax preparation needs. (more…)

Your tax depreciation specialists in St. Cloud MN

Landwehr Financial Solutions is a highly experienced provider of accounting and financial solutions in St. Cloud, MN. By taking a holistic approach, we are able to benefit individuals and small businesses with superior service and individualized education. If you are a business in the St. Cloud, MN area, Landwehr Financial Solutions should be your first call to make sure you are fully benefiting from tax depreciation benefits. (more…)

Your accounts receivable specialists in St. Cloud MN

Landwehr Financial Solutions is a highly experienced provider of accounting and financial solutions in St. Cloud, MN. By taking a holistic approach, we are able to benefit individuals and small businesses with superior service and individualized education. If you are a business in the St. Cloud, MN area, Landwehr Financial Solutions should be your first call for all your accounts receivable needs. (more…)

Too Early for Taxes? We Say No!

Landwehr Financial Solutions is a highly experienced provider of accounting and financial solutions in St. Cloud MN. By taking a holistic approach, we are able to benefit individuals and small businesses with superior service and individualized education. If you are a business in the St. Cloud MN area, Landwehr Financial Solutions should be your first call for all your tax preparation needs. (more…)