As the tax filing deadline approaches, many taxpayers feel pressure to file quickly — often turning to DIY software or rushing through returns just to meet the deadline. While filing on your own may seem convenient, last-minute tax preparation is exactly when professional guidance can make the biggest difference. At Simpson & Simpson LLC, we […]
Category Archives: Uncategorized
28
Jun
Jun
I don’t know about you, but I didn’t learn much about how to start a business in business school. Today social media is king – Instagram, Facebook, LinkedIn, Google, which are all great ways to promote your business, but what about the other details of starting a business? Accounting/Legal are keystones of any successful business […]
02
Sep
Sep
The fundamental goal of a business is to make a profit, not just to provide goods and services. This might seem harsh, but it’s true. The IRS can reclassify your business as a “hobby” if you do not make a profit for 3 years straight. And that would not be good for business. In comparison, having […]
23
Jun
Jun
When thinking of investments, people usually think of the Stock Market and Real Estate. Both are great investments, but neither one of those compare to the return on investment that a business owner can receive from owning and running a business. Here are a couple of simple examples that will show you how profitable owning […]
13
Sep
Sep
When I started preparing tax returns and gaining a client here and there, I had no idea how many business owners needed help getting back on track with filing their past due tax returns. Over the last several years, we have helped many business owners with their back-taxes and greatly reduced their fears. Here is […]
02
Jan
Jan
This past week, Simpson & Simpson Accounting LLC, humbly presented a “Local Warrior Award” to Combat Veteran Sergeant, Jeremy Sewell. Sergeant Sewell served in the 3rd Battalion, 2nd Marines, as infantry. Sergeant Sewell completed combat tours in the following: Operation Iraqi Freedom 06-08.2 (Iraq) Operating Enduring Freedom (Afghanistan) After serving on those two tours with the Marines, […]
12
Dec
Dec
“If my accounting software (i.e. QuickBooks Online) downloads/imports all my bank transactions straight from the bank, isn’t it a waste of time to reconcile bank accounts each month?” The more we have performed these bank reconciliations for clients, the more we realize their utmost importance. Listed below are some common issues and why it is […]
20
Nov
Nov
Tired of Corporate America and ready to achieve your dreams? Our CPA’s can assist in starting your business on the right path to success. Business Start-Up Package – $1,000 Setup your LLC Obtain your Federal Employer Identification Number (FEIN) Obtain S Corp. designation (If eligible) 2 hours of QuickBooks Online Setup/Training 1 hour of CPA […]
08
Nov
Nov
Written by Josh Simpson, CPA – 11/7/2017 -Iraq Veteran turned CPA and Owner of Simpson & Simpson Accounting- –Please let us know if you would like help with any of these areas, mission accomplished when we save you hard-earned dollars!- Preparing for your Tax returns as a Business Owner – Year Ending 12/31/17 […]
17
Oct
Oct
Real estate is one of the all-time favorite investments, and for good reason. I heard it best when someone said there is only so much of it and no more will be made. In comparison, companies can issue more stocks when wanted and it is not a tangible asset. I do love stocks as well, […]
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