Author Archives: Celeste Simmons

1099 Income Troubles

Are you a 1099 paid Contractor and stressed about paying Taxes? We can help! Were you paid over $100k as a 1099 Contractor? To pay less in taxes, it’s time to get an S Corp and be on payroll. We can help you with this, too! Did you know that if you paid a 1099, you […]

Don’t Go with the ROTH!

This 2020 tax season, we are seeing a lot of people contribute to ROTH IRA’s/401k’s when they should be contributing to a Pre-tax/Traditional retirement account. It’s even worse when a financial professional convinces a new client to convert their pretax IRA/401k into a ROTH. This is throwing buckets of money out the window! Here are […]

The Most Common Mistakes on the Profit & Loss

Two of the most common mistakes we see on the profit & loss are expensing owner draws/distributions and having cost of goods sold on the profit & loss when it should not be there. If you are a business owner, here are the correct ways to account for draws/distributions and how to pay yourself: Paying […]

Business Owners: Get Creative with Your Purchases and Enjoy More Tax Deductions!

This year has been very different for the business owner. Many businesses struggled during 2020, due to COVID-19. But if your business was one of the fortunate that had a sizeable 2020 profit, then you may want to find out how you can pay less in taxes! There are some creative ways you can get […]

Changing Your Prices as a Business Owner

This article is for those business owners who work hard, are valuable, and are tired of living paycheck to paycheck. I don’t know why, but I find pricing fascinating. Probably because “Sales” also known as “Revenue” is the most important number on any Company’s profit & loss. This number will literally “make or break you” […]

Is It Time to Raise Your Prices? Here’s How to Tell… 

*This article is addressed to those business owners who have been in business at least one year.  After running a business for several years, I’ve realized that no matter what a business owner charges, there will always be people complaining that the price is too high.  On the contrary, when a business owner charges low […]

Local Warrior Award Ceremony: Nov. 8th, 1pm

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 […]

Are You a Successful Business Owner That Never Filed Your Tax Returns? Here’s How to Get Back on Track!

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 […]