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 […]
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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 […]
Our next Local Warrior Award recipient award goes to Specialist Jack Kowall (Army), for serving in the Vietnam War as a Scout Dog Handler. READ HIS STORY BELOW!!! Please join us for the award presentation on November 8th at 1pm, at the Office of Simpson & Simpson Accounting, 107 Weatherstone Dr., Suite 510. Woodstock, GA […]
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 […]
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, […]
“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 […]
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 […]
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 […]
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, […]
The United States is one of the most generous countries in the world. You are probably saying, “Yes, I already know that”, but did you know that Myanmar is the #1 most generous country in the world? I did not, but that is not the purpose of this article. Every year, more and more non […]
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