If you've been using Stripe, PayPal, or Square to process payments, you've probably heard whispers about 1099-K forms, and chances are, you're confused. You're not alone. Between threshold changes, state-specific rules, and the difference between business and personal transactions, the 1099-K has become one of the most misunderstood tax forms in recent years. Let's clear … Read more
Discover the importance of selecting the right business structure for tax advantages and asset protection, with insights into sole proprietorships, LLCs, and S corporations.
Welcome to an insightful exploration of key tax concepts and strategies aimed at helping you manage your finances and stay ahead of tax obligations. In this comprehensive guide, we’ll delve into practical advice on handling tax payments, responding to government notices, understanding audits, and embracing year-round tax planning. Drawing from the expertise of HEYWARD CPA … Read more
Tax season is upon us, and with it comes the annual rush to gather documents, file returns, and make sense of personal finances. In the latest episode of Heyward CPA Live, hosts James E. Heyward and Kory H. Franklin bring their expert accounting perspective to the table, demystifying taxes and personal finance for individuals and … Read more
As the holiday season approaches, the air fills with excitement and reflection. For entrepreneurs, it’s a critical time to look back on the year’s achievements and prepare for the upcoming challenges and opportunities of 2025. This period is perfect for finalizing current year activities, reassessing incomplete initiatives, and setting a solid foundation for the year … Read more
Are you dreading the upcoming tax season? Does the thought of organizing your business finances and preparing your tax returns send shivers down your spine? Look no further! In this article, we reveal the secrets to stress-free business tax preparation that will have you breezing through tax season with ease. With the right strategies and … Read more