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TL;DR Accounting Blog

3 Factors to Consider BEFORE You Become an S-Corporation

3 Factors to Consider BEFORE You Become an S-Corporation

You might have seen or heard somewhere that making the S-Corporation election for your small business can save you tax dollars. It can. But before jumping into an S-Corp, there’s a wealth of legal paperwork and formality. Take some time to consider whether this is really what you want, and contact us if you need some help deciding. We’re going to look at three major areas of inquiry when it comes to determining whether you are ready to make the step towards incorporation. https://www.youtube.com/watch?v=xn_jwaEFLIo&feature=youtu.be Is Your Business Income and Cash Collection Steady? Owners of S-Corporations are also employees. As employees,…
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Team member spotlight: Kevin Coyne

Team member spotlight: Kevin Coyne

Today we want to introduce Kevin Coyne, a Tax and Accounting Specialist, that has joined our team. Kevin is an Enrolled Agent and will be helping our clients with accounting and taxes.  Why did you decide to become an accountant?   I like the diversity of the clients I get to work with, getting to see a cross section of different industries and clients. When were you hired for TL;DR?   Mid coronavirus pandemic, 2020. What made you decide to want to work for TL;DR?   I wanted to join a team that was dedicated to doing right by their clients, and…
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Retirement Plans for Yourself and Employees

Retirement Plans for Yourself and Employees

Watch on YouTube: The phrase “retirement plan” may send you into a panic attack, but setting one up for you and your employees is an important way to ensure that your people (and yourself) are taken care of in the long run. Let’s push through the panic and get you started with some retirement plan basics. Our goal here is to give you some base-level familiarity with retirement accounts. This article can prepare you for a future conversation with a financial advisor who has your own best interest at heart (the legal term for this is fiduciary duty). Retirement plans…
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