Small Business Owner? Can You Save Taxes By Cutting Your Own Salary?
Maximize your tax savings, and don’t sweat the headache of the paperwork with the help of Sterling Accounting’s business and personal solutions. “Normally, when you receive a paycheck or earn self-employment income (reported on Schedule C of your 1040), you pay not only income taxes but also Social Security and Medicare taxes, also known as […]
New Accounting Rules Looming Over Revenue Reporting
New accounting rules are looming for businesses and corporations, which is causing a stir for many as their revenue reporting methods are being overhauled. “The U.S. Financial Accounting Standards Board, known as FASB, imposed the new rule because it wanted financial statements to more accurately depict the timing, uncertainty and volatility of doing business. The […]
Business Accounting Services For Smooth Operations
Let Sterling Accounting take over your office needs, so you can put that time into focusing to grow your business! From bookkeeping, to payroll and tax filing, don’t get caught up in time killing activities around the office. And follow Sterling Accounting on Facebook today for the latest news and updates!
Is That IRS Call A Scam?
Have you received a call from the IRS? It’s long been said that the IRS will not contact your by phone, but the rules may be changing… ““A new law passed in 2016, but went into effect this spring allows the IRS to hire up to four private debt collection services that can call you,” […]
What’s Driving The Accounting Industry Today?
The accounting industry is seeing some changes in recent months, which are being outlined by Accounting Today: “Four seismic shifts are going on in the accounting landscape right now, a panel of experts recently told a conference of CPA firm partners and leaders, from how firms generate their revenue and how they staff their engagements, […]
Managing Your Homeowners Property Taxes
Are your property taxes taking a toll on your wallet? Chances are there are a few things you can do to lighten that burden… “When your county or township does an assessment, it’s estimating the value of your property for tax purposes. What they want to know is, based on local sales and other trends, […]
Leave Your Business’s Payroll To The Professionals!
Sterling Accounting is your one stop shop for cutting through the mess of paperwork, account management, payroll, and the dreaded tax time. Get the financial experts on your side and open up time to focus on extending the horizon’s of your business! Follow Sterling Accounting on Twitter for the latest news and updates.
NY County Officials Urging Homeowners To File Tax Disputes
Are your property taxes out of control? County officials from New York are urging homeowners and residents to challenge their taxes with a grievance. “Property owners who grieved have seen their median tax bills increase by $466, or 5 percent since 2010. The median tax bills of those who did not appeal rose by $2,748, […]
Breaking Down The Numbers Behind Tax Brackets
Do you think you’re paying too much in taxes? The Wall Street Journal is giving us a colorful breakdown of how each facet of our population falls into our tax scheme, and how it aligns with their income.
American’s Are Ditching Citizenship Thanks To Taxes?
The tax code in America is seen as one of the most complex and over agonizing pain than almost anywhere else in the world, and a number of overseas citizens are considering renouncing citizenship to avoid paying in. “Just over 4 in 10 respondents said that while they aren’t planning to renounce their U.S. citizenship, […]