by Davis, Brown & Company PLLC | Oct 31, 2025 | Uncategorized
Key TakeawaysKeep every contractorâs Form W9 on file before the first payment. If your contractor wonât give you a W9, be persistent. The IRS requires a three-step written request process. Use the IRS TIN Matching tool before filing your 1099s. It...
by Davis, Brown & Company PLLC | Oct 23, 2025 | Uncategorized
Quick Summary: Could Changing My Business Entity Mean a Lower Tax Bill?If youâre a Sole Proprietor or single-member LLC, youâre likely paying a hefty 15.3% Self-Employment (SE) tax on 100% of your profit. Electing S-Corp status could cut that tax bill by...
by Davis, Brown & Company PLLC | Jun 5, 2021 | TaxBiz
It’s no secret that for many people who get in hot water with the IRS, a very common reason is payroll taxes. For many, they aren’t filing properly, “assuming” that their bookkeeper is handling it or their payroll software. But that isn’t...
by Davis, Brown & Company PLLC | Jun 5, 2021 | TaxBiz
Let’s address an unfortunate reality: As a business owner, you have a greater number of tax reporting obligations than a regular person has. (Of course, you have MANY more tax-savings opportunities as well.) But with those increased obligations comes increased...
by Davis, Brown & Company PLLC | Jun 5, 2021 | TaxBiz
Today, let’s reach for some small business tips you should be taking away from this past season. As Hendersonville business owners, we always need to be ready to adapt to changing times — this time around change just happened to come … faster. So,...
