Startup

We’ve done it again… Quarterly Tax Estimates

According to the IRS, estimated tax is a method of paying tax on income that is not subject to withholding tax. This can include income from self-employment, business earnings, interest, rent, dividends and other sources. The IRS requires estimated tax…

We Raised $2 Million to Make Taxes Simple, Period.

Setup Your Startup for Success

“…surround yourself with the right people that will help you build your startup.”

Family First

Abel, the Owner of Ekolu Tax & Consulting, PLLC, has been working as a CPA for three years and working in the industry for six. He works primarily with financial planning, accounting, audits, tax return preparation, and business consulting. He has his Masters in taxation and opened up his own practice…

Never Say Never

“I thought I didn’t want to be an accountant, but as time went on I kept an open mind and after learning more about it, I realized that that is exactly what I wanted to be.”

Taxfyle: Where are you talking to us from?

How to Fix Cash Flow Issues

“Negative cash flow as well as insufficient working capital are major reasons why more than half of small businesses don’t survive past their fifth year.”

How an LLC Can Make All the Difference

“I will definitely state that if you have two or more business owners involved, that a competent local business lawyer should be involved in creating your LLC, and in drafting your related legal documents.”

Crowdfunding Tax: What You Need to Know

“…businesses using crowdfunding need to be careful because in some cases crowdfunding may result in taxable income”

Avoid the “Shoe-box of Receipts”

“An initial consultation should occur very early. I don’t think start-ups need to fully figure out their financial reporting and accounting procedures right off the bat, but talking to a CPA can help them get on the right track.”

Changing Career Paths

Victor joined Taxfyle this year. He previously worked for the IRS for six years and now has his own practice that focuses primarily on taxes.

“Even though I have my own practice now, I will say this about the IRS: my experience there was invaluable. With all the…