Tax season is quickly approaching, and Pathways wants to ensure that your business has their taxes under wraps! Here are a few tax tips for your business!
Use Quickbooks Payroll
When it comes to payroll, it can be difficult to manage by hand and keep up with all the employees of your business. In order to combat that, and provide relief come tax time, we recommend using Quickbooks payroll!
File your Taxes on Time
Many have been there, in crunch time, and end up missing the deadline for their taxes. Don't let that be you with your business. Ensure you get your taxes done on time, if not early, by using Pathways! Call and schedule your appointment today!
Take Deductions Seriously
When it comes to taxes and running a business, it helps to know what deductions you can file for and have. It is best to communicate with a Pathways team member to discuss the deductions that you and your business qualify for.
We hope to see you soon for your tax appointment, make sure to get everything you need to get done early so you do not have to pay any late fees come 2019!
Did you know The Tax Cuts and Jobs Act was issued and installed more than a 100 new tax provisions? Don’t miss out on this fantastic news, and come to Pathways where we can start planning your taxes NOW and save you money in the upcoming tax season!
Pathways will makes sure you itemize your deductions appropriately with the new 2019 installment! We will help ensure that either the standard deduction or itemizing is what is in your best interest. When it comes to medical expenses, the threshold for deductions has returned to the past 10%, which make it difficult to qualify once again. These thresholds would include payments made to doctors such as care physicians and dentists, optometrists, and even reaching to equipment such as glasses, oxygen tanks, and medications.
For those who are high-income taxpayers, the recommendation to offset capital gain remains an option. This is where the option to sell underperforming investments comes into play; some have the option to defer income into January by delaying invoices to where payment arrives within the following year’s taxable income. For the charitable hearts, you now will have to itemize deductions if you want to claim deductions on the donations you gave. Take your IRA and 401K seriously by ensuring you are putting away the cap amount in each every year. This will also shrink your taxes!
Don’t waste any more time, as November comes to an end here soon, there’s only one month left within this year to prepare for tax season. Take advantage of that and head over to Pathways Consulting where we can help you prepare for tax season NOW!
Halloween was a doozy this year, and now we are left with all of this candy! What about you? Do you have individually wrapped, fun-sized candy that the trick-or-treaters never knocked on your door to receive? If so, our team at Pathways know exactly what you can do about it!
It’s a program called “Operation Gratitude” and they are dedicated to rounding up unused Halloween candy to send to our troops. We think this is an amazing idea, which is why we partnered with them and are now a candy drop-off site!
Did you not participate in the candy craze this year? Did all the little tricksters receive all the candy you bought? That’s okay! Operation Gratitude also accepts dental floss, pens, and mechanical pencils for our troops! So even if you don’t have candy, you can still participate in this big thank you to our troops!
All donations must be received on November 5th, so that means you have three days, this weekend, to gather your donations with your family and bring them to our Pathways office in Summerville!
Our drop-off station will have cards for you to write small thank you notes or encouraging statements that make a big difference to the troops!
Start gathering your candy now and we will see you before November 5th at our office is located on 105 S Cedar St d, Summerville, SC 29485!
The Pathways Team