How should I structure my business with multiple owners?
We often times get business owners that reach out to us that have multiple owners in their company, wondering what the best way is to structure their business. In this specific article we are assuming an S Corp structure is desired prior to it reaching the owners personal tax return. If you don’t know what […]
Company Retreats – Connect w/ Your Employees or Clients
On June 29th and 30th here at JETRO we held our annual team retreat. Typically we get our staff together in a city for a few days to hang out but due to COVID we were limited to a virtual retreat this year. Given the circumstances our staff made the best of it and we […]
JETRO Goes Xero Gold
When JETRO started way back in 2013 we were on the the forefront of virtual accounting. As part of that, we needed to find a cloud accounting solution that we could utilize not only internally but across our client base. We needed something that we could access via the cloud anywhere, anytime. After a lot […]
Paycheck Protection Program (PPP) Forgiveness Cheat Sheet
As you know, things are constantly changing with the Paycheck Protection Program. Our goal is to create an outline here of the things you need to know about when it comes to forgiveness. Bookkeeping is the back bone to every business. With that being said, bookkeeping can quickly become an incredibly hard task unless you […]
What Bookkeeping Rules Do I Need to Follow?
Bookkeeping is the back bone to every business. With that being said, bookkeeping can quickly become an incredibly hard task unless you follow these four simple rules. 1. Separate Business Bank Account Have a separate bank account (and credit card, if applicable) specifically for your business. This is important even for you sole proprietors. Regardless […]
JETRO Giving Back to the Community
Here are JETRO we take seriously the act of helping others and the community. Every year we make a donation to various charities and initiatives based on the amount of tax returns we file. This year we also included an additional amount for each Small Business Tax Savings Podcast review we received. As a client of ours […]
Coronavirus (COVID-19) – Accounting and Tax Outlook
Welcome to our JETRO Coronavirus (COVID-19) Tax and Accounting Resource Center. Much of this information is rapidly changing. We will be updating information as it becomes available to us. Below are the headlines on various topics listed below. Each topic has buttons on the bottom to link to available resources. The link directly below is […]
The 1099-Misc Filing Date Is Just Around The Corner—Are You Ready?
Article Highlights: Independent Contractors Non-employee Compensation 1099 Filing Requirement Due Dates Penalties Form W-9 and 1099 Worksheet If your business engages the services of an individual (independent contractor), other than one who meets the definition of an employee, and you pay him or her $600 or more for the calendar year, then you are required […]
Why You Should Outsource Your Payroll Needs—Important Tip
With tax rules changing more quickly than the ink can dry on the tax laws books, payroll has become a full-time job. Are you a business owner that’s tired of trying to keep up with all the proposed and passed alterations? There are things that you should do on your own, and then there are […]
What to Do if You Are Still Late on Your Taxes and You Didn’t File an Extension?
If you are one of the many people who failed not only to file your taxes but also to file an extension, you might be living in a panic about what the consequences will be. The good news is that even if you missed the deadline, there are still ways to make it up and […]