Dane's Two Cents.
Tax, accounting + business tips from Financial Umbrella.
![Breaking Down the Differences Between Salary and Owner Distribution](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/662a9f9e0daebb8f962be732_photo-1543269664-76bc3997d9ea.webp)
Differences Between Salary and Owner Distribution
Salary and owner distribution are two distinct forms of compensation in the business world, each with its own unique characteristics and implications.
![Choosing the Right Business Entity: A Comprehensive Guide](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/662a9ab4dafa223442408e57_photo-1556761175-5973dc0f32e7.webp)
A Guide to Choosing the Right Business Entity
There are several types of business entities to choose from, including sole proprietorship, partnership, LLC, corporation, and nonprofit organization.
![Naming an LLC: Why It Matters and How to Get It Right](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/662a98d505215537f85280e0_photo-1556761175-4b46a572b786.webp)
Naming an LLC: Why It Matters
Your LLC name is the first impression your business makes on potential customers and partners, so it's important to get it right the first time around.
![How to Get Your Business License in Florida](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/662a96ef3670c992e4c6b26c_photo-1494112399815-f895b47a0404.webp)
How to Get Your Business License in Florida
In Florida, having a valid business license is a legal requirement and a crucial step in establishing a compliant business.
![The Complexities of 1099 Taxes](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/662a9446ecd7c241c39c63f7_photo-1554252116-ee59370d1f66.webp)
The Complexities of 1099 Taxes
Individuals who receive 1099 forms include freelancers, contractors, and self-employed workers, and these forms make your tax return more complex.
![Corporate Structures: C Corporation vs S Corporation](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/662a90175880f21934caf4ab_photo-1444653614773-995cb1ef9efa.jpg)
Corporate Structures: C Corp vs S Corp
In the dynamic world of business, the decision to incorporate your business is a significant one, often marking a pivotal point in your entrepreneurial journey.
![Explain an LLC: Limited Liability Company](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/662a84928da8626a7bf7ded0_photo-1531973576160-7125cd663d86.webp)
What is an LLC? Our Accountants Explain
A limited liability company (LLC) is a legal structure that combines pass-through taxation benefits with the limited liability protection of a corporation.
![A Beginner's Guide to Saving Money on Taxes](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/66202fb30b376eed93269777_the-new-york-public-library-kAJLRQwt5yY-unsplash.webp)
A Beginner's Guide to Saving Money on Taxes
Tax planning involves strategically organizing your financial affairs to minimize your tax liability and maximize your savings.
![From Debt to Dollars: How to Use Your Tax Refund Wisely](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/661ef57381037ac64b490282_photo-1553729459-efe14ef6055d.webp)
How to Use Your Tax Refund Wisely
When you file, if you have paid more in taxes throughout the year than you owe, you may be eligible for a refund.
![Track your Tax Refund: Get Updates from the IRS about Your Money](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/661edcbe70df78e46df9b138_kelly-sikkema-DUiRgwrHKXI-unsplash.webp)
IRS Updates: Track Your Tax Refund Status
Track your tax refund using updates from the IRS. Check your refund status and resolve any issues with your return.
![How to Tell if Your Business is Financially Healthy](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/65fb272dc76d8cb6f4214934_pexels-pixabay-327533.webp)
Check Your Business Financial Health
Whether you're a seasoned entrepreneur or a startup, gauging financial health is crucial for sustained success.
![9 Financial Goals You Could Set for Your Small Business](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/65fb26e7d6ca67164dbeba27_pexels-pixabay-265087.webp)
Strategic Financial Goals for Your Small Business
For business owners, setting financial goals is crucial for guiding the growth and sustainability of their ventures.
![Money Management Vs. Business Finances](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/65fb2698ee7f9c33021dd223_pexels-karolina-grabowska-4476375.webp)
Money Management Vs. Business Finances
Knowing how to manage finances in a small business can be very similar to running your own household finances—but also very different.
![Complete Guide to Filling Out Form W-4: Easy Steps and Tips](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/65947375fd981475687ba619_Screen-Shot-2022-12-29-at-5.49.46-PM.webp)
Tips & Easy Steps to Fill Out Form W-4
Understanding how to complete IRS Form W-4 accurately is crucial for managing your tax withholdings and preventing a large tax liability.
![Lost Your W-2? Here's How to Get a Replacement Quickly and Easily](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/6594715a6b83b6511c9eb623_stock-w2-tax-w-2-irs-18.webp)
Replacing a Lost W-2: Quick & Easy Steps
Discover how to retrieve your lost W-2 form hassle-free during tax season. Don't let a missing document add stress to your finances.
![A Comprehensive Comparison of 1099 vs W-2](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/65946bbbefab79e13176dd40_1099header.webp)
A Comprehensive Comparison of 1099 vs W-2
In the world of employment, there are two primary ways you can receive your income: as a 1099 independent contractor or as a W-2 employee.
![2024 Ultimate Startup Checklist: Launch Your New Business](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/658c5790b8f67b54d95cda8f_pexels-max-rahubovskiy-7534211.webp)
2024 Ultimate Startup Checklist: A Guide
Get ready to launch your new business in 2024 with our ultimate startup checklist! Congratulations on embarking on your entrepreneurial journey!
![Three Financial Statements for Business Owners](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655e1bba565cd60f94cf55f4_pexels-andrea-piacquadio-3822850%20(1).webp)
Three Financial Statements for Business Owners
Financial statements are an essential part of small business finances. They provide a snapshot of a business’s financial health and performance.
![How to Find the Right Bookkeeper for your Business](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655e1b1abdf7968d933f62b0_pexels-andrea-piacquadio-3783879%20(1).webp)
Choosing the Best Bookkeeper for Your Business
Businesses can benefit from outsourcing bookkeeping services, allowing them to use professional expertise while reserving valuable time for their business.
![Transform Your Business with a Reliable Bookkeeping Service](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292f0eb9d1d40f5768c30_651d6e4a2211ab675d9bb193_bookkeeping%2520THUMB.webp)
Enhance Your Business with Reliable Bookkeeping
Our experienced team ensures accurate and organized financial records, providing valuable insights to optimize costs and improve profitability.
![The Advantages of Forming an LLC: A Smart Business Decision](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ef41672a62f8fa2e9b_651d6e8a599d6d995eb7aebc_start%2520llc%2520THUMB.webp)
Unlocking the Benefits of Starting an LLC
Discover the advantages of forming an LLC for your business journey. Maximize your potential with the Limited Liability Company structure.
![Why QuickBooks Online is the Best Choice for Small Business Bookkeeping](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292efad279eecb3fd0ae1_6516d7bd6d286d43187f0dbe_account-assets-audit-bank-bookkeeping-finance-concept_THUMB.webp)
Choosing QuickBooks Online for Bookkeeping
Transitioning to a small business bookkeeping software is efficient with QuickBooks Online (QBO) - which Financial Umbrella is a ProAdvisor for!
![Why Hire an Enrolled Agent (EA)? Benefits Over CPA](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ef2c01912b2767ac87_6515c6834e42184ae51c3bb4_elegant-executives-reviewing-report_THUMB.webp)
Enrolled Agent vs. CPA: Benefits of Hiring an EA
Enrolled Agents (EAs) are skilled tax professionals licensed by the IRS, making them a great choice for tax services, just like a CPA.
![Unlock Your Success: A Comprehensive Business License Guide](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ef25a93a52e3e3d981_6515c6ed343fd6ff825750ad_high-angle-business-plans-company_THUMB.webp)
A Comprehensive Business License Guide
Unlock your business's success with Moravia Advisors' comprehensive guide on obtaining and leveraging a business license.
![Sales Tax Tips for Online Sales in Different States](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292efa367c5f48acd1df4_6516f44468f3a95b72684c57_close-up-man-working-cash-register_THUMB.webp)
Sales Tax Tips for Sales in Different States
Stay compliant with sales tax in different states! Learn about nexus, rates, and calculations for accurate tax reporting as a business owner or retailer.
![Efficient Tips for Getting Your NY Business License](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292efde4685b750e82a1f_65183c401b012271346ec8d0_map-new-york-polygonal-mesh-line-map-flag-map_THUMB.webp)
Tips for Getting Your NY Business License
Our comprehensive guide provides essential tips and tricks to streamline the journey, ensuring a smooth path to obtaining your New York State business license.
![Simplify Sales Tax Calculations: Proven Strategies for Success](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292eef9d2ea385cd949e7_651d6f0173ab2118121654e7_sales%2520tax%2520THUMB.webp)
Strategies for Simplifying Sales Tax Calculations
Simplify sales tax calculations and boost efficiency in your business operations with our proven strategies. Avoid costly errors and streamline processes.
![Texas Business Licensing Process: A Comprehensive Guide for Entrepreneurs](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ee003426a18d010978_651c6fb46db7752e4e89b3ad_texas-flag-white-background_THUMB.webp)
Guide to the Texas Business Licensing Process
Launch your business seamlessly in Texas with Moravia Advisors' step-by-step guide on navigating the state's business licensing process.
![Efficient Small Business Finances: Our Strategies](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ee0445f5a31d00f09b_65296b411ee688998020eb1f_couple-aprons-posing-with-cups-coffee_THUMB.webp)
Efficient Small Business Finances: Our Strategies
Specializing in streamlining small business finances for success and growth, Financial Umbrella helps you optimize your financial strategies effectively.
![Efficient Payroll Streamlining Tips for Business Success](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ee5c2f390e4ac238d5_651d6e34257f076c6368d1c7_payroll%2520THUMB.webp)
Optimize Payroll Processes for Business Success
Our payroll process guide is designed to rescue businesses from the burdens of compliance struggles.
![Essential Steps for Starting a Business in Arizona](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ee324f8a83c4ff7e45_651c6fd66ec559c2b22621be_map-arizona-polygonal-mesh-line-map-flag-map_THUMB.webp)
Steps to Starting a Business in Arizona
Ensure a successful start to your business journey in Arizona by understanding and obtaining the necessary business license.
![Understanding Tax Deductions: Standard vs. Itemized Explained](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292eead279eecb3fd0a12_651d6e5bc24cfa0be52ff9cf_tax%2520deductions%2520THUMB.webp)
Standard vs. Itemized Deductions: A Guide
Discover the best tax-saving strategies with our detailed comparison of standard and itemized deductions. Maximize your deductions effectively!
![Setting Up Shop in California: Importance of a Business License](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292edc45baf2ebf06cff9_6515de44410b9e13c41fc8fc_map-california-polygonal-mesh-line-map-flag-map_THUMB.webp)
California Business License: Getting Set Up
Embark on your California business journey with confidence by understanding the significance of obtaining a business license.
![Streamlined Guide to Pennsylvania Business License for Entrepreneurs](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ed19243ebc72650f6a_6516ef3fa2647f0233c5aa77_map-pennsylvania-polygonal-mesh-line-map-flag-map_THUMB.webp)
Guide to Pennsylvania Business Licensing
Embark on your Pennsylvania business journey with confidence by following our step-by-step guide to obtaining a business license.
![Step-by-Step Guide on How to Amend Your Tax Return](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ec1ec99aa1e59af19c_651d6ef281773e12e4981f13_amending%2520THUMB.webp)
Guide to Amending Your Tax Return
Discover expert tips for confidently amending your tax return, from completing Form 1040-X to submitting your amended return.
![Lower Self-Employed Health Insurance Costs](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ed33d021e77d95c81c_651d6e57fffb0b5b36a51c0a_health%2520insurance%2520THUMB.webp)
Lower Self-Employed Health Insurance Costs
Discover effective strategies to cut self-employed health insurance costs. Our comprehensive guide helps you save smartly on insurance expenses!
![Simplified Guide to Reporting Partnership Income on Schedule K-1](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ed9b91c6b08ebc3bb0_651d6e29e78892cf5b03a0a2_schedule%2520k1%2520THUMB.webp)
Reporting Partnership Income on Schedule K-1
Simplify partnership income reporting with Moravia Advisors' expert tax team. Understand Schedule K-1 easily. Expert guidance for tax complexities.
![Obtaining a Business License in Washington State: A Comprehensive Guide](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ed5cf98125b88db2ed_651839af2e074e1f8c5582dc_map-washington-polygonal-mesh-line-map-flag-map_THUMB.webp)
How to Get a Business License in Washington State
Embark on your entrepreneurial journey in Washington State with confidence by navigating our comprehensive guide to obtaining a business license.
![Navigating New Jersey Business License Requirements: Key Factors to Consider](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ed69961a714a58ef70_6516ef5c13545bee9ddc77d7_map-new-jersey-polygonal-mesh-line-map-flag-map_THUMB.webp)
New Jersey Business License Requirements
Ensure the success and legitimacy of your New Jersey business by navigating the complexities of licensing with confidence.
![Maximize Tax Savings for Your Partnership with IRS Form 1065](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ec8874342721797dcc_651d6e9c1d62e1d299c8d685_form%25201065%2520THUMB.webp)
Optimizing Your Partnership with IRS Form 1065
Maximize tax savings for your partnership with our guide to IRS Form 1065. Unlock significant benefits as a business partner.
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The Power of an LLC Business Bank Account
Ensure your business's financial success by opening a separate LLC business bank account—it's not just a good idea, it's crucial.
![Expert Guide to Mastering Schedule C for Self-Employed Professionals](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ece7ec384d9f711b6e_651d6eba023a59f4901d514b_schedule%2520c%2520THUMB.webp)
Mastering Schedule C for Professionals
Master the complexities of Schedule C effortlessly with our comprehensive guide tailored for self-employed professionals.
![Ultimate Guide to LLC Operating Agreements for Business Owners](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ecadf4c13da3a9009c_651837184d58dab32ed4ced5_business-report-graphs-charts-business-concept_THUMB.webp)
LLC Operating Agreements: A Guide
Embark on your business journey with confidence! Learn all about Limited Liability Company (LLC) operating agreements for a solid foundation.
![Illinois Business License: A Step-by-Step Process](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292ecdf55f259be5b3ca1_651c6fa63c2f95cd239aa0a1_map-illinois-polygonal-mesh-line-map-flag-map_THUMB.webp)
Illinois Business License: A Step-by-Step Process
Embark on your entrepreneurial journey in Illinois with confidence by following our comprehensive guide on obtaining a business license.
![Maximizing Success: How a Virginia Business License Boosts Your Entrepreneurial Journey](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292eba548ffea52d461e6_651c6fc59e25d0996ff703e2_metallic-virginia-state-flag-virginia-flag-background-metallic-texture_THUMB.webp)
Virginia Business Licenses for Entrepreneurs
Unlock the full potential of your entrepreneurial journey in Virginia with a strategic Virginia business license. Start confidently today!
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Maximize Tax Savings with a Skilled Accountant
Minimize your tax liabilities legally with Moravia Advisors, where IRS-licensed Enrolled Agents offer expert tax planning and preparation services.
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Florida Business Licensing Guide: Key Tips
Embark on your business journey in the Sunshine State with confidence by navigating the essential guide to business licensing in Florida.
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Smart Money Moves for 1099 Recipients
From home office and vehicle expense deductions to retirement savings options, we provide practical tips to maximize your deductions.
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1099 Income Types & 1099 Form Types
Explore the various types of 1099 forms and understand the different 1099 income types to manage your finances effectively.
![Complete Guide to IRS Forms 940 & 941](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292eaa367c5f48acd1b54_651d6f6cb1ce4af256a14d83_IRS-Form-941%25400.5x%2520THUMB.webp)
The Difference Between IRS Forms 940 & 941
See the difference between IRS Forms 940 and 941 with our comprehensive guide, designed to demystify the complexities of these essential tax documents.
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Optimizing Accounting and HR Software Selection
Whether you're a startup or a large corporation, our comprehensive walkthrough ensures you find a solution tailored to your unique needs.
![Your Guide to Form 4868: How to Extend Your Tax Filing Deadline](https://cdn.prod.website-files.com/654e34b1ead1a656ef671cbd/655292eade4685b750e82886_651d6e1555aaa6403ae92527_extension%2520THUMB.webp)
How to Extend Your Tax Filing Deadline
Feeling the pressure of the tax filing deadline? Financial Umbrella has you covered with a guide on how to obtain a six-month extension.
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Getting a North Carolina Business License
Start your North Carolina business journey confidently by securing your business license. Get expert guidance and tips for a successful start-up today!
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1099 vs Employee Work Arrangements
Navigate the decision between freelancing as a 1099 worker or working as an employee by outlining the key differences, pros and cons, and factors to consider.