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Deciding whether to put more money into an aging car or to replace it with a new or used vehicle is rarely a simple decision. Plus skyrocketing vehicle prices and economic uncertainty are making the decision process even tougher. Signs it is time to replace your car To help you decide if it is time to replace your vehicle, look for these signs: The kids would rather walk miles to their friend’s house than ride in the car. Your oil bill is higher than your gas bill. The mechanic names a repair bay after you. Your employer politely asks you to park next door. The sound of the engine causes tornado sirens to blare. If none of these apply to you, congratulations! Your car might still be street-legal, but there are other things to consider. All joking aside, making the final call can be difficult. Here are a few helpful ideas: Making an informed decision Determine your risk threshold. No one wants to live in constant fear of being stranded or being in an accident because something in the car gave out. Reliability needs to be considered for every car, but especially if the typical route is remote, dangerous or unpredictable. It is even more important if you live in an extreme climate that is either very hot or very cold. Take newer car costs into account. While the idea of a newer, shinier car sounds nice, make sure you are counting all the costs – especially if you need to add a car payment. Beyond the monthly principal and interest, keep in mind that insurance and annual registrations will likely be higher, too. Spend some time with the numbers While a new, shiny car is fun, all too often it can create future financial hardship. So also consider the long-term financial impact of your decision. This includes: Used versus new car. Used cars typically give you the best price value, but limited supply is making used cars more expensive. Financing a vehicle has pitfalls. If replacing your car will require financing, be careful. Interest rates are going up and highly-leveraged loans can quickly put you into more debt than the car is worth. This often happens if your car is damaged in an accident. Cars are unpredictable, but taking an analytical approach and making the best decision with the facts that you have will pay off more times than not.

Here’s a roundup of several recent tax court cases and what they mean for you. Thou Shalt Not Commingle Funds (Vorreyer, TC Memo 2022-97, 9/21/22) Don't let sloppy record-keeping prevent you from deducting legitimate business expenses. The Tax Court agreed with the IRS that business expenses must first be deducted on that business's tax return before flowing to the owner's tax return. Facts: A married couple, the sole shareholders of an S corporation, operated a family farm in Illinois. In 2012 they paid the farm’s utility bills of $21,000 and property taxes of $109,000 from their personal funds, then deducted these payments on their individual Form 1040 tax return as business expenses. Even though the utility and property tax bills were legitimate business expenses, the deduction was disallowed because the expenses should have first been deducted on the farm's S corporation tax return, then flowed through to the shareholder's individual tax return. Tax Tip: To pay an expense on behalf of your business, first make a capital contribution to your business, then have your business pay the expense. Then include this expense on your business's tax return. Adding Tax Insult to Injury (Dern TC Memo 2022-90, 8/30/22) Payments received to settle a physical injury or illness lawsuit are generally considered non-taxable income. But you better be sure that the lawsuit you file is actually to compensate for a physical injury or illness, and not something else. Facts: Thomas Dern, a sales representative for a paint products company in California, was hospitalized for acute gastrointestinal bleeding and a subsequent heart attack. When the company fired him because he could no longer do his job, he sued for wrongful termination. The parties eventually reached a settlement. Dern argued in Tax Court that his illness led to his firing, and therefore the settlement should be classified as non-taxable income. The payment he received, however, was to settle a discrimination lawsuit and not a physical injury. The settlement, therefore, did not qualify to be non-taxable income. Tax Tip: Pay attention to the tax consequences of settlement payments so you don't get surprised with an unexpected tax bill. You're Stuck With the Standard Deduction (Salter, TC Memo 2022-49, 4/5/22) Facts: Shawn Salter, a resident of Arizona, requested and received a distribution of $37,000 from his retirement plan after being laid off from his job in 2013. Salter failed to file a tax return for 2013, so the IRS created a substitute tax return for him using the standard deduction of $6,500 for a single taxpayer. The IRS also assessed an early withdrawal penalty of 10% on the distribution. Salter, arguing that the distribution was to pay for medical expenses which aren't subject to the 10% early withdrawal penalty, eventually did file a 2013 tax return with $25,000 of itemized medical expenses. The Tax Court disallowed the $25,000 of itemized deductions, stating that once a substitute return is created by the IRS using the standard deduction, the taxpayer can no longer claim itemized deductions for that year. Tax Tip: Try to avoid a situation where the IRS files a substitute tax return on your behalf. Once this happens, you have no choice but to use the standard deduction for that tax year.

If you have children or grandchildren, you have an opportunity to give them a jump-start on their journey to becoming financially responsible adults. While teaching your child about money and finances is easier when you start early, it's never too late to impart your wisdom. Here are some age-relevant suggestions to help develop a financially savvy young adult: Preschool – Start by using dollar bills and coins to teach them what the value of each is worth. Even if you don't get into the exact values, explain that a quarter is worth more than a dime and a dollar is worth more than a quarter. From there, explain that buying things at the store comes down to a choice based on how much money you have (you can't buy every toy you see!). Also, get them a piggy bank to start saving coins and small bills. Grade school – Consider starting an allowance and developing a simple spending plan. Teach them how to read price tags and do comparison shopping. Open a savings account to replace the piggy bank and teach them about interest and the importance of regular saving. Have them participate in family financial discussions about major purchases, vacations and other simple money decisions. Middle school – Start connecting work with earning money. Start with activities such as babysitting, mowing lawns or walking dogs. Open a checking account and transition the simple spending plan into a budget to save funds for larger purchases. If you have not already done so, now is a good time to introduce the importance of donating money to a charitable organization or church. High school – Introduce the concept of net worth. Help them build their own by identifying their assets and their current and potential liabilities. Work with them to get a part-time job to start building work experience, or to continue growing a business by marketing for more clients. Add additional expense responsibility by transferring direct accountability for things like gas, lunches and the cost of going out with friends. Introduce investing by explaining stocks, mutual funds, CDs and IRAs. Talk about financial mistakes and how to deal with them when they happen by using some of your real-life examples. If college is the goal after high school, include them in the financial planning decisions. Tie each of these discussions into how it impacts their net worth. College – Teach them about borrowing money and all its future implications. Explain how credit cards can be a good companion to a budget, but warn them about the dangers of mismanagement or not paying the bill in full each month. Discuss the importance of their credit score and how it affects future plans like renting or buying a house. Talk about retirement savings and the importance of building their retirement account. Knowing about money — how to earn it, use it, invest it and share it — is a valuable life skill. Simply talking with your children about its importance is often not enough. Find simple, age-specific ways to build their financial IQ. A financially savvy child will hopefully lead to a financially wise adult.

With supply chain snarls still plaguing parts of the U.S. economy, many consumers are turning to gift cards as the holiday present of choice this year. In fact, according to the website Research and Markets, the United States gift card industry is expected to reach $188 billion in 2022. Why is gift card fraud such a problem? Because of the small dollar amounts involved, gift card fraudsters face a low probability of prosecution. It's also easy to convert gift card value to cash or merchandise. In other words, this kind of fraud is relatively risk-free and easy to pull off. In one common scam, a crook goes to a retail establishment, grabs a handful of gift cards from an out-of-the-way stand or kiosk, and records the card numbers using a magnetic strip reader. After returning the cards, the crook heads home and repeatedly checks balances on the merchant’s website until the numbers are activated. The thief then spends or transfers the money on the card before the legitimate buyer or gift recipient has a chance to use it. Less sophisticated scammers may simply scratch off the card’s coating and replace it with a sticker, hoping the buyer won’t notice. You can scam-proof your gift card experience by following these tips: Don’t pick the front card. Crooks are impatient. They often return compromised cards to the most accessible place on the rack. Select your gift card from the middle of the rack. Buy gift cards online. Purchase cards online, directly from the business that issued them. This reduces the potential tampering risk. Inspect packaging. If you purchase gift cards in person at a store, examine the cards for signs of tampering. It’s safer to buy from stores that keep gift cards behind the counter or in well-sealed packaging. Register the card. If a card issuer lets you register on their website, do it. You’ll be able to check your balance regularly and identify any abuse. Don’t give out card information to callers claiming to be from government agencies, tech companies, utilities or other businesses. Only scammers ask you to pay fees, back taxes or bills for services with gift cards. Don’t buy gift cards from online auction sites. They could be counterfeit or stolen, according to the Federal Trade Commission. If you think you’ve been scammed, contact the store directly and report incidents to local law enforcement.

Cash flow is the blood flowing through the veins of your business. In simple terms, it measures cash coming in versus cash flowing out at a particular moment. Though it is straightforward, it is not necessarily easy. Even a highly profitable enterprise on paper can get into trouble if it can't manage its cash flow properly. Why Cash Flow Matters Your business needs cash to function on a day-to-day basis. You may have to pay for stock and services or have staff that needs wages. Rent and services need paying, insurance, and possible government fees, and taxes must be paid on time to the IRS. All businesses have ebbs and flows. There will be periods of high income and other times in the cycle where income is weaker. Therefore, a business must be able to maintain a positive cash flow. If you cannot do this, your business will likely be in danger of failing. What Does Cash Flow Positive Mean? Simply put, its more “cash in” than “cash out” of your business. Any business wants to make a profit. That is, you want your income to exceed your expenses. The problem is even if your future income makes you profitable, you can still stress your cash flow over a short period of time. For example, let's say a business has $50,000 of cash on hand in a particular month. During that month, it has $100,000 of expenses and makes $150,000 in income. It looks like you've made $50,000 in profit for the month. Job done, right? Let's finish for the day and head down to the pub for a drink and a celebration. Not so fast. What if your client takes 30 or 60 days to pay your invoice? Suddenly, you may be in a spot where your cash flow is negative and you’re going to have trouble meeting your obligations for the month. To be cash flow positive, you have to understand how money moves in and out of your business and be able to allow for any upcoming and unforeseen expenses, like a customer’s slow payments. What Causes Cash Flow Problems? Cash flow issues can result from basic problems such as not having enough customers or clients, not charging enough for your services or letting expenses get out of control. However, problems can appear in other areas. Clients may be late payers or not pay at all; you may be hit with an unexpected tax bill or face an increase to the minimum wage or insurance premiums, and rents can rise. Tips for Managing Cash Flow The good news in all this is that you can take steps to improve your cash flow. 1-Create and track cashflow projections Scrambling for cash to stay afloat can become soul-destroying very quickly. To avoid being caught in this spot, keeping accurate accounts is essential to understanding your business's financial position at any point in time. You can use previous income and cash flow statements to predict likely results for the next three to six months. This information can help you spot any potential shortfalls and give you time to prepare for them. Check out our YouTube video detailing the steps of creating cashflow projections. 2- Establish A Relationship With Lenders The worst time to get someone interested in lending you cash or investing in your business is when you are having cash flow problems. The chances of anyone being interested in lending to a company in dire straits are low. It is much easier to build a connection based on a future line of credit before you need it. Bankers will look to secure a loan against assets such as: Accounts receivable (unpaid customer invoices): Usually, this will be a revolving line of credit, based upon a percentage of total accounts receivable. Normally these are due within a 60-90 day period and are one of the most common forms of business financing. Inventory: Inventory is popular with lenders as it can be sold and turned into cash. Bankers will prefer finished over raw stock as they can sell it without the need for any further investment. Equipment: While technically not a short-term loan, you can use equipment to secure fixed-term finance when a cash injection is needed in an emergency. The more specialized the equipment is, the harder it is to borrow against. A newly established company or a business with poor credit may also be able to sell some of their accounts receivable if they can't get a line of credit. A third party purchases the accounts after negotiating a price and then collects the funds owed. 3- Get Invoices Paid Quickly As a business owner, you want the gap between providing your goods or services and having your invoice paid to be as small as possible. Collect Payment upfront Depending on the type of industry you are in, you may be able to collect fees for services before they are provided. For instance, if you run a childcare center, you can run weekly tuition payments with a parent’s preauthorized ACH agreement. Send Online Invoices Offering online invoices is one of the best ways to have customers pay invoices in a timely manner. Using accounting software that would allow you to email an invoice to your client and them have the ability to pay it online will drastically cut your accounts receivable. It is best to issue an invoice at the same time you provide your service or product. Make sure the invoice makes it clear that payment is due on the day the invoice is issued. Don't offer payment at the end of the month or after 30 days. As the saying goes, if you give someone an inch, they will take a mile. Also, the invoice should clearly state that you will charge interest if payment takes longer than 30 days. Finally, you must stay on top of your accounts receivable and establish a process for chasing late or delinquent payers. Some steps the process could include are: Send a letter asking for payment 10 days after the invoice is issued. After 20 days, send a more aggressive letter demanding payment. If an account is 30 days overdue, combine a phone call with a third letter. It is essential to contact possible delinquent payers early and offer various options for payment, whether it be paying by credit card or payment plan if they have difficulties. You should develop a policy for dealing with late payers and stick to the procedure. 4- Work With your Vendors Just like you want payment from your customers, your vendors want payment from you. Delaying payment as long as possible under the terms of your agreement will give you a chance to plan your expenses. On the other hand, early payment can have a nasty effect on your cash flow. It is vital that your business maintains a good credit rating. You also don't want to harm a relationship with a critical vendor and should pay as promised. If you find yourself in trouble and have to delay a payment, contact the vendor immediately and explain your situation. You should also have a plan for paying the vendor and finalizing your debt. 5- Maximize Income and Minimize Expenses There are a variety of methods of getting more cash flowing through your doors. A 50% security deposit upfront will mean you're not as exposed to significant liability for expensive orders. If you work with extended contracts, set up a payment schedule with cash coming in at regular intervals. If you provide a regular service, setting up a subscription where payments are made in advance could be the way to go. Minimizing Expenses The best way to remove stress on your cash flow is to remove the need to spend cash. Or at the very least reduce the cash outflow. There are some very effective methods for doing this. Trim the Fat – Non-essential expenses, does not grow revenue Repair capital equipment instead of replacing it. A regular maintenance program could end up saving you considerable amounts in the long run. Buy used equipment. Used equipment in good condition is usually just as good as new machinery, but you can obtain it for a fraction of the cost. Delay product upgrades. Put off upgrading products for as long as possible while your current systems can still do the job. Barter for products and services. A vendor who is also a customer may be interested in a trade. You can both make payment with an exchange of finished goods. The beauty of this is that although your goods will be valued at retail price for the purpose of payment, they will only cost you the wholesale price to provide them. You will effectively gain a discount on your expenses. Key Takeaways Having a cash reserve built up is essential for a business owner to get a good night's sleep. Cash is the lifeblood of trade, and if you run out, you won't be able to operate. By smoothing expenses, preparing in advance to reduce surprises, and maximizing income, you should be able to gather enough cash reserves to cover your costs. WATS CPA can help with cash flow tips for your small business.

A subchapter S-Corporation, also referred to as an S-Corp, is one of many types of business structure. This type of entity does not pay taxes at the corporate level. Instead, the net profits from this type of company are treated as personal income for the owner(s). The S-Corp files form 1120S then provides all its shareholders a form K1 to file on their personal tax return. One of the greatest benefits of an S-Corp is the tax savings. Net profit from the S-Corp is not subject to self-employment taxes. What??? That’s 15.3% saved on taxes. Let me explain. Let’s put our employee hat on for a moment. When you receive your W2 from your employer, there are 3 boxes of taxes withheld, Federal Withholding, Social Security (6.2%), and Medicare taxes (1.45%). For Social Security and Medicare, your employer matches your amount and must pay both your share and their share to the IRS. When you are self-employed you are the employer AND the employee. Therefore, you are now responsible for paying both shares of Social Security and Medicare taxes. Self-employment taxes are a combination of both Social Security (12.4%) and Medicare Taxes (2.9%) – 15.3%. There are two main ways to take money out of your S-Corp, 1) payroll wages and 2) distributions. Taking 100% of your profits through payroll wages will result in you paying 15.3% in payroll taxes on 100% of the money. That defeats the advantage of having an S-Corp. ● Distributions: defined as any funds that you withdraw from your company or use for personal expenses without going through payroll. See a few examples below: ○ Transfers to personal account ○ Checks written to owner that are not payroll checks ○ Personal nail salon visit charge to business card Distributions are not subject to self-employment taxes. Because of this, the IRS would not want an owner/shareholder to take 100% of their profit via distributions and never pay a penny in payroll taxes. Therefore the “reasonable compensation” requirements exist. It is ideal for shareholders to find a balance between distributions and compensation when taking profits out of their S-Corp. ● S-Corp Shareholders: also known as employees -shareholders, are defined as people who own a part of the S-Corp business. The murky area happens because the IRS requires that S-Corps take a “reasonable compensation” through payroll before the business owners can distribute non-wage payments, but they don’t provide specific guidelines, stating: “The amount of the compensation will never exceed the amount received by the shareholder, either directly or indirectly. However, if cash or property or the right to receive cash and property did go to the shareholder, a salary amount must be determined and the level of salary must be reasonable and appropriate. There are no specific guidelines for reasonable compensation in the Code or the Regulations. The various courts that have ruled on this issue have based their determinations on the facts and circumstances of each case.” Those who aren't trained CPAs might find the specifications confusing. In this article, WATS CPA, will discuss some factors to consider in determining reasonable compensation with the goal of empowering business owners to better manages finances. To help clarify, the general rule is that shareholders should always receive more compensation (wages on a W2) than distributions. The Factors Involved In Determining Compensation Check out these things to consider when deciding how much compensation each shareholder should receive via payroll versus distributions. Training And Experience Shareholder-employees typically make more as they attain more experience and skill sets, especially when compared to similar roles in the general market. Paying an experienced associate at an entry level wage would be a red flag. Responsibilities and Workload Employees with a lot of high-level responsibilities typically earn more than entry-level employees with few responsibilities. Are you paying yourself more than you are paying your admin staff? Business Related Efforts and Time Your daily contributions to an S-Corporation should also be considered when determining your compensation. Longer and more intensive work hours warrant higher salaries. What Are Other Businesses Paying For Similar Services? In order to come up with a reasonable owner-employee pay rate, you should analyze the salaries of employees in businesses like yours. If you want to use this method, look at the average salary of several similar jobs. To find out the pay in your area, you can always consult a compensation expert. History Of Distributions If your distributions are more than your wages, you run the risk of having the IRS reclassify your distributions as wages. With the reclassification comes back taxes, interest, and penalties. In Conclusion Determining what is a reasonable compensation for your S-Corporation involves a full analysis of all factors surrounding your business and the nature of your workload. If you would like to take advantage of this tax savings vehicle, but nervous about implemented a reasonable salary, contact us a WATS CPA for a 1-on-1 consultation.

Photo by mohamed_hassan/ Pixabay License Cash flow is the lifeblood of small and medium businesses (SMB) and, as any business owner will tell you, ensuring consistent cash flow hinges on effective accounting. Unfortunately, not all SMBs have the appropriate amount of resources, staffing, or expertise to devote to make sure they keep on top of their accounts receivable. An under supported accounting department is prone to errors such as inaccurate tax returns, ineffective cashflow forecasting, or poor resource allocation. The good news is that there is a solution. Outsourcing your accounting gives you and your business all the benefits of a dedicated, professional accounting department at a fraction of the cost of in-house staff. To help you understand whether outsourced accounting is right for you, we’ve analyzed the pros and cons and broken them down for you. What Is Outsourced Accounting? Photo by 200degrees Pixabay License Before we get into the specific pros and cons of outsourcing your accounting process, we need to define exactly what that means. Outsourcing your accounting, or hiring a virtual accountant, as it’s sometimes known, means transferring your accounting burden over to a professional accounting firm, rather than actioning it yourself. Most outsourced accounting firms charge a monthly subscription fee with varying levels of accounting support available based on your needs. According to the Deloitte global outsourcing survey, the primary reasons that businesses choose to outsource services are as a cost-cutting tool or to enable them to focus on their core business. Finance and accounting are some of the more commonly outsourced functions, with around 42% of the businesses surveyed by Deloitte reporting that they had opted for the benefits of outsourcing their accounting. The Pros and Cons of Outsourcing Your Accounting Photo by mohamed_hassan/ Pixabay License To give you all the information you need to decide if outsourced accounting is right for you, we've broken down the most common pros and cons and paired them up, so you can compare them directly. Pro - The Cost Savings As highlighted by the Deloitte global outsourcing survey, the primary reason for outsourcing your accounting is that it will save you time and money compared to hiring new employees. Outpouring your accounting means you have access to professional accounting assistance on day one. You don’t need to go through the hiring process, you don’t need to invest in new software or update legacy systems, and you don’t need to pay for any more staff. You also won’t need to pay the often-hidden costs associated with hiring more staff, such as health insurance, vacation time, sick days, and training costs. Con - The Potential Costs As with all outsourced services, there is a cost aspect to outsourcing your accounting. If you’re not careful, and don’t have a full understanding of your business’s needs, those costs can creep up over time. The best way to avoid this is to make sure you fully understand what exactly you need from a virtual accountant in order for them to support your business. Here at WATS CPA, we offer multiple monthly accounting subscriptions that cover a range of needs, from basic bookkeeping to full advisory services, so you only pay for what you need. Pro - The Enhanced Focus on Your Business Another of the primary reasons that business owners outsource their accounting is so that they can fully focus on growing their business. Not every SMB owner is a fully qualified finance professional who wants to spend their time pouring over the company books. Instead of spending yet more time away from focusing on growing your business to hire in-house accountants, you can quickly and easily outsource your accounting to a professional. Outsourcing gives you the peace of mind of knowing your books are in good hands and you can concentrate on growing your business. Con - The Slight Delay in Communication Obviously, not having your accounting department in the same building as you is going to put a slight hitch in your communications. You can’t just go down the hall to ask the finance department questions anymore. The good news is that an effective outsourced accounting team will have comprehensive communications policies in place to make sure you are kept very much in the loop. To make sure you are happy with the level of communication and reporting coming from your outsourced accounting team, you should always discuss with them how important it is that you are regularly updated. Setting communications expectations at the beginning of your business relationship with a virtual accountant offsets the slight delay in communications caused by outsourcing. Pro - Increased Oversight It’s a sad fact that most accounting fraud is committed internally. Outsourcing your accounting gives you another layer of spend and reporting oversight, that isn’t a member of staff, that can detect suspected fraud and report it promptly. This additional oversight doesn’t just protect against fraud, however. Outsourcing your accounting to a professional team means it is more likely that accounting errors and compliance issues will be picked up early, before they cost you in the long run. Con - Less Control One of the potential caveats of outsourcing your accounting is that it lessens your control over your business. However, this is only partially true. While you won’t have direct control over the accounting firm you’ve outsourced to, they’ll still be making the same decisions an in-house team would, only with more expertise and at a lower cost to you. Since most virtual accountants are more than happy to adapt their practices to suit their customers, outsourcing doesn’t mean you’ll be losing control over any part of your own business. Pro - Peace of Mind Running your own business is stressful and the cash flow issues caused by ineffective accounting processes and credit control only make that stress worse. There is a well-documented link between stress and a loss of productivity and financial issues with your business can have an impact on your personal and professional life. Around 75 % of small business owners report being unable to sleep due to unpaid invoices and 22% start chasing invoices as soon as they wake up. Outsourcing your accounting to a professional means you can rest easy knowing that your finances are being handled by experienced experts. With the added peace of mind of knowing your accounting is in good hands, you can refocus on growing your business and even have time for a social life again. Con - A Reliance on an Outside Business Given the importance of accurate accounting to most small businesses, it can be a big step to hand such an important department over to the control of someone you don’t directly employ. This is particularly true if you’ve been in charge of your own accounting for a while and are suddenly faced with the fact that a core part of your business is being taken out of your hands. The good news is that the old adage ‘if you want it done right, do it yourself’ rarely has a place in modern business. As can be seen from the Deloitte global outsourcing survey, a huge number of businesses across the world, and in multiple industries, outsource their finances to external teams. The obvious benefits of outsourcing your accounting, such as reduced costs, reduced fraud, greater oversight, and greater peace of mind, do outweigh the need to rely on other professionals to get the job done. How Can WATS CPA Help Your Business? Here at WATS CPA, we specialize in assisting small and medium-sized businesses by offering a range of outsourcing accounting services, including bookkeeping, profit and loss analysis, tax preparation, tax planning and consulting services. While we specialize in providing childcare providers with outsourced assistance with their taxes and childcare financials, we also provide accounting services for a huge range of businesses, from start-ups to non-profit organizations. We offer a range of subscription-based services that are specifically tailored to fit the needs of different-sized businesses, so you’ll never pay for more than you need. Our founder, Audra Wilson Russell, CPA, MBA, is a licensed CPA in the State of Florida with more than 15-years of experience in accounting and taxation. She is also a proud member of the Florida Institute of Certified Public Accountants (FICPA), American Institute of Certified Public Accountants (AICPA), and The Greater Delray Beach Chamber of Commerce, so you can rest assured that you’re in good hands with WATS CPA.

WATS Happenin'? October 2019 Inside this issue Sale of Home - Tax Treatment 4 Strategies To Increase Cash Collections And more WATS Happenin'? is a Digital VIDEO Magazine made up of short, but informative videos produced by WATS CPA. Enjoy the content and feel free to share and comment on the videos.

WATS Happenin'? Sept 2019 You do not want to miss this month's issue of WATS Happenin' LLC vs S-corp QBO Hands On Workshop (9/21/2019) And more WATS Happenin'? is a Digital VIDEO Magazine made up of short, but informative videos produced by WATS CPA. Enjoy the content and feel free to share and comment on the videos.

You do not want to miss this month's issue of WATS Happenin' QBO Hands On Workshop (9/21/2019) 3 Marketing Ideas To Grow Enrollment 3 Tips To Improve Cash Flow Net Income Vs Net Cash WATS Happenin'? is a Digital VIDEO Magazine made up of short, but informative videos produced by WATS CPA. Enjoy the content and feel free to share and comment on the videos.

The deadline to file your personal taxes is right around the corner, April 17, 2018. Do you need more time to file? You may file an automatic 6 month extension. You may book an appointment at any time by clicking on the following link: www.wats.biz/appointment Contact Wilson Accounting and Tax Services for a solution. 561-450-9287, AudraWilsonCPA@Wats.biz. WATS.BIZ

Annual Reports are due each year between January 1st and May 1st. Please file on time; all profit corporations, limited liability companies, and limited partnerships will be assessed a $400.00 late fee after May 1st which cannot be waived. Please call us today for a quote on filing your Annual Return