The Speedy Tax Blog – Honest Guidance From People Who’ve Been There
Tax Tips, Small Business Advice, and Real-World Know-How
At Speedy Tax Preparation & Bookkeeping Service, we believe that good advice should be easy to understand and even easier to apply. That’s why we created this blog—to help individuals, families, and small business owners make sense of their finances, one topic at a time.
Small Business Tax Planning Strategies for Fourth Quarter
As the end of the year draws near, small business owners in North Carolina begin turning their attention to closing out the books and preparing for tax season. The fourth quarter is more than just a time to wrap things up. It’s an opportunity to take smart steps that...
Power of Attorney Documentation Requirements in Elizabethtown NC
Legal paperwork can feel overwhelming, especially when you’re trying to plan ahead for something as serious as medical decisions or financial control. A Power of Attorney, or POA, gives someone else the authority to act for you in specific situations. Knowing how it...
Signs Your Business Has Outgrown Basic Bookkeeping Methods
Basic bookkeeping does the trick in the early stages of running a business. It’s lightweight, simple, and easy to manage. You track your income and spending, probably with a spreadsheet or basic accounting software. For a while, that’s all you really need. But as your...
LLC Tax Filing Requirements After Business Structure Changes
When an LLC changes its structure, it's more than just paperwork. It impacts how taxes are filed and what both federal and state tax authorities expect from your business. Whether your LLC is merging, adding members, dissolving, or converting to a new entity, it's...
When to Consider Amending Your S-Corporation Tax Return
Filing an S-corporation tax return takes time, organization, and a good amount of attention to detail. But even the most careful business owners can run into situations where corrections need to be made after filing. That’s where an amended return comes in. Whether...
Self-Employed Tax Return Issues That Need Professional Help
Being self-employed has its perks. You can set your hours, choose your clients, and build something that's truly your own. But when tax season shows up, things can get complicated quickly. Unlike a typical employee who gets a W-2 and has taxes taken out automatically,...
How Late Filing Impacts Your C-Corporation Tax Obligations
Running a C-Corporation comes with the hefty responsibility of meeting various tax obligations. One of the most important aspects of corporate tax management is ensuring timely filing. Missing tax deadlines can feel like no big deal at first, but the repercussions can...
When Your Books Don’t Balance: Red Flags That Require Professional Help
Keeping your business's financial books balanced might seem straightforward, but many business owners know it can be anything but. The process requires careful attention to detail and can quickly become overwhelming, especially when the numbers don't add up. Balancing...
How Customized Payroll Reporting Can Improve Business Planning
Understanding how financial elements fit into business planning can change the way you approach day-to-day operations. One crucial aspect of this is customized payroll reporting. Imagine having a tool that not only handles payroll but also helps forecast future...
What Happens If You Find Errors After Filing Your Tax Return?
Dealing with errors on your tax return isn't something anyone wants to face, but it's a reality that can affect many. You spend a lot of time gathering documents, crunching numbers, and making sure every detail is just right. Even with careful preparation, mistakes...