I recently posted an overview of the changes for small business in the recent tax law. We’ve delved into the detail a little more, and have an update with some thoughts on strategies going forward: Estate Taxes The basic exclusion for estate and gift taxes was raised to $10 million per person, but revert back… Read More

The deadline for turbo charging your tax deduction for next year is quickly approaching. Small businesses with existing SIMPLE IRA accounts have until November 1st to notify their employees of changes for the new year. IRS rules prohibit small businesses from having a SIMPLE IRA and a 401k in the same tax year, so if… Read More

Pension Plans Tulsa Business Consulting Oklahoma City Tax Services

Pension plans are retirement plans that allow an employer to make contributions to retirement funds on behalf of their employees. Some pension plans also allow workers to supplement these accounts by diverting a portion of their own wages to the fund on a regular basis. Regardless of the type of plan, pensions offer employees the… Read More

Retirement Strategies Tulsa Business Consulting Oklahoma City Tax Servicestulsa-business-consulting-tulsa-accounting-lawton-financial-services-oklahoma-city-accounting

Planning for one’s twilight years is something that most workers begin contemplating at a relatively young age. Fortunately, there are a number of investment opportunities that can help a person ensure that he or she has access to funds after retirement. 401(k)s One of the most popular (and easiest) ways to start a retirement fund… Read More

Investment Strategies Tulsa Business Consulting Oklahoma City Tax Services

Investment strategies differ depending on the long-term goals of the investor as well as his or her financial resources. However, there are a few types of investments that are a good option for even the most inexperienced investor. Mutual Funds People who are eager to invest, but don’t have a lot of capital often choose… Read More

Background Check Basics | Tulsa Tax Services | OKC Tax Services

Many employers order background checks before deciding to hire an applicant. While this is completely legal, there are a number of both federal and state regulations that restrict what types of information can be requested. Failing to adhere to these rules can result in civil liability, so it is important to have a thorough understanding… Read More

Individual Retirement Accounts | Tulsa Business Consulting | Oklahoma City Tax Services

Individual retirement accounts (IRAs), allow an individual to save money for retirement on a tax-deferred basis. It can be difficult to organize investments, choose the right type of retirement account, and pay all necessary taxes, so if you are an Oklahoma resident and have questions about planning your own future, it is crucial to speak… Read More

Filing W2s and W3s | Tulsa Business Consulting | Oklahoma City Business Services

Filing the appropriate forms with the Internal Revenue Service (IRS) is of the utmost importance for owners of both large and small businesses, so if you have questions about whether you need to file W2s or W3s, it is critical to speak with a company that is well-versed in financial management. Who Needs to File… Read More

By: Jeff Henderson   One of the challenges facing all business owners is optimizing their capital structure. Capital structure is the ratio of different sources of capital being used in the business.  The most common sources of capital for small business owners are debt, equity and hybrid securities. Working capital for small business is the… Read More

By Megan Minaschek, CPA   As a small business owner, it can be very challenging to raise capital for the equipment you need to start or grow your business.  Because of this challenge, many business owners look to leasing as a way to bridge the gap, but is it the best choice in the long-run?  Should… Read More