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Understanding the Equity Section of Your Balance Sheet
Keeping your equity healthy is like building a strong foundation for your future growth

Laura Walker
Apr 191 min read
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Reasonable Compensation for S-Corp Owners: Why It Matters
The IRS expects S-Corp owners to take a reasonable W-2 payroll before taking distributions.

Laura Walker
Apr 51 min read
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The QBI Deduction: Sunset is Coming
Many of you have benefited from the Qualified Business Income (QBI) deduction over the last few years. This deduction (also known as the...

Laura Walker
Mar 221 min read
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Quarterly Estimated Taxes: What They Are and How to Stay on Top of Them
Calculate your estimated taxes based on your current year's expected income or use last year's tax liability as a safe harbor.

Laura Walker
Mar 31 min read
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Book and Podcast Recommendations for Business Owners
📚 Book Recommendation: Traction by Gino WickmanThis is a must-read if you want to organize your business, improve processes, and build...

Laura Walker
Mar 11 min read
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Top 5 Bookkeeping Mistakes Small Business Owners Make (And How to Avoid Them)
maintain separate business accounts, use reliable accounting software, reconcile monthly, and develop a habit of regular expense tracking.

Laura Walker
Feb 221 min read
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What Expenses Are Actually Deductible for Your Small Business?
When it comes to taxes, every small business owner wants to maximize deductions. But understanding what is (and isn't) deductible can...

Laura Walker
Feb 11 min read
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Bookkeeping Best Practices for Growing Businesses
Investing in your financial infrastructure isn't just about compliance; it's about building a foundation for sustainable success.

Laura Walker
Jan 181 min read
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1099 vs. W-2: What's the Difference and Why It Matters for Your Business
One major decision is whether your worker is an independent contractor (1099) or an employee (W-2).

Laura Walker
Dec 28, 20241 min read
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How to Prepare Your Business for Year-End (and Save on Taxes!)
Year-end is a busy but crucial time for small business owners. Proactive planning can minimize taxes and set you up for a strong start to...

Laura Walker
Dec 7, 20241 min read
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The 3 Financial Reports Every Small Business Owner Should Review Monthly
Knowing your numbers is essential for good decision-making. Three core reports provide a snapshot of your financial health: the Profit &...

Laura Walker
Nov 30, 20241 min read
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Payroll 101: Setting Up Payroll for Your Small Business
Payroll is a crucial milestone for any growing business. It's not just about paying employees—it's about staying compliant with complex...

Laura Walker
Nov 19, 20241 min read
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How to Maximize Your Home Office Deduction (Legally!)
Working from home offers flexibility—and potential tax savings. If you meet IRS criteria, you can claim a home office deduction, reducing...

Laura Walker
Oct 12, 20241 min read
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Marginal vs. Effective Tax Rates—What You Need to Know
Understanding the different types of taxes is the first step to understanding your tax liability. There are many tax types!

Laura Walker
Sep 27, 20242 min read
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How to Read Your Paycheck—A Breakdown of What Matters
Do you know what the numbers on your paystub mean? Walker Tax & Bookkeeping can help you understand!

Laura Walker
Sep 14, 20242 min read
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Tax Benefits for Small Businesses in Arizona
In this blog post, we will explore some of the key tax benefits that small businesses can take advantage of in Arizona.

Laura Walker
Sep 4, 20242 min read
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Top Techniques To Store Your Tax Documents
Keeping your records well-organized not only saves you time but also ensures you have all necessary documentation ready for tax preparation.

Laura Walker
Aug 17, 20243 min read
16 views
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Essential Bookkeeping Tips for Small Business Owners
Top Bookkeeping Tips for Small Businesses

Laura Walker
Jul 27, 20242 min read
12 views
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Top Tax Breaks for Small Businesses in 2024
Top Tax Breaks for Small Business Owners

Laura Walker
Jul 16, 20242 min read
11 views
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Maximizing Your Tax Return: Key Strategies for 2024
Did you miss out on maximizing your 2023 tax return? Don't worry—there's still time to make the most of your tax situation for 2024. Here...

Laura Walker
Jun 5, 20242 min read
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