The IRS expects S-Corp owners to take a reasonable W-2 payroll before taking distributions.

Many of you have benefited from the Qualified Business Income (QBI) deduction  over the last few years. This deduction (also known as the...

Calculate your estimated taxes based on your current year's expected income or use last year's tax liability as a safe harbor.

📚 Book Recommendation: Traction  by Gino WickmanThis is a must-read if you want to organize your business, improve processes, and build...

maintain separate business accounts, use reliable accounting software, reconcile monthly, and develop a habit of regular expense tracking.

When it comes to taxes, every small business owner wants to maximize deductions. But understanding what is (and isn't) deductible can...

Investing in your financial infrastructure isn't just about compliance; it's about building a foundation for sustainable success.

One major decision is whether your worker is an independent contractor (1099) or an employee (W-2).

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...

Knowing your numbers is essential for good decision-making. Three core reports provide a snapshot of your financial health: the Profit &...

Payroll is a crucial milestone for any growing business. It's not just about paying employees—it's about staying compliant with complex...

Working from home offers flexibility—and potential tax savings. If you meet IRS criteria, you can claim a home office deduction, reducing...

Understanding the different types of taxes is the first step to understanding your tax liability. There are many tax types!

Do you know what the numbers on your paystub mean? Walker Tax & Bookkeeping can help you understand!

In this blog post, we will explore some of the key tax benefits that small businesses can take advantage of in Arizona.

Keeping your records well-organized not only saves you time but also ensures you have all necessary documentation ready for tax preparation.

Top Bookkeeping Tips for Small Businesses

Top Tax Breaks for Small Business Owners

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...

Missing the tax deadline can be a stressful experience, but understanding the implications and taking prompt action can help you mitigate...