IRS

Business Advice Reactions

Should You Fear Audits as an LLC? | S-Corp vs LLC Debate

By April · May 30, 2025
Are you really 15 times more likely to be audited if you’re operating as an LLC? In this video, Matt explains why the audit threat might not be as scary as it sounds, and how switching to an S-Corp could benefit your tax situation. Don’t fall for scare tactics—Matt gives you the facts you need…
Business Advice Reactions

Do Business Owners Need to Be Their Own Tax Strategist?

By April · November 1, 2024
As the owner of an accounting firm, Matt knows taxes, and he reacts to this video that suggests business owners have to be their own tax strategist to keep some of their own profits. Matt disagrees and says the best way to handle your taxes is to let the professionals do it for you. There…
Bookkeeping paperwork sprawled out across a desk.
Entrepreneur Tips

What Are The Deadly Sins of Bookkeeping?

By Matt · November 13, 2020
  As an accounting firm, we’ve seen our fair share of bookkeeping mistakes. But some are worse than others.  While some mistakes are relatively minor and can easily be corrected, others are far more egregious and can have devastating consequences. In this article, we’ll be talking about the more serious offenses; the ones that can…