Williams & Company, P.C.

A top 400 ranked Accounting firm with multiple locations across Northwest Iowa and South Dakota. Visit our website for how we may be able to work together!

[Williams & Company, P.C. @Williams_CPA]

Business owners and their employees may not have to pay Social Security tax on ALL of their wages. Amounts above a certain threshold aren’t subject to Social Security tax. Here’s how the 2023 “wage base” will affect your payroll. Click the link to read more. ...

[Williams & Company, P.C. @Williams_CPA]

Your business may provide low- or no-cost tax-free fringe benefits to employees. Here are the details of these benefits, along with a court case in which an employee was found to have received a taxable benefit but he didn’t include its value in his income. Click the link to ...

[Williams & Company, P.C. @Williams_CPA]

As 2022 winds down, now is the time for your business to take stock of its tax situation and implement year-end tax planning strategies.

[Williams & Company, P.C. @Williams_CPA]

Are you interested in reducing your 2022 tax liability? There’s still time to take these year-end tax planning steps.

[Williams & Company, P.C. @Williams_CPA]

Don’t forget to factor 2023 cost-of-living adjustments into your year-end tax planning.

[Williams & Company, P.C. @Williams_CPA]

Getting contacted by the IRS and told your tax return is being audited may cause business owners to panic. But you’ll fare better if you understand IRS audits. Click the link to read more. https://t.co/BRPYYkbXF5

[Williams & Company, P.C. @Williams_CPA]

Many small businesses are in need of new employees and may get creative in their hiring. The Work Opportunity Tax Credit can help if you hire from certain targeted groups. Click the link to read more https://t.co/gMqpAlOXp5

[Williams & Company, P.C. @Williams_CPA]

It’s time for businesses to start thinking about year-end tax strategies. It’s also a good time to think about the fourth quarter 2022 tax filing deadlines. Click the link to read more https://t.co/YKWP4arCte

[Williams & Company, P.C. @Williams_CPA]

Separating the ownership of a business’s real estate from the business isn’t always advisable. But it might be worthwhile in some situations. https://t.co/75MbXkfBG6

[Williams & Company, P.C. @Williams_CPA]

Before you know it, the end of 2022 will be near. Here are some year-end moves to consider that may help your small business save on taxes. Click the link to read more https://t.co/OBwbbzL70m

[Williams & Company, P.C. @Williams_CPA]

The Inflation Reduction Act’s Clean Vehicle Credit might alter the timing of purchasing a new or used qualifying electric vehicle. Learn why. Click the link to read more. https://t.co/1nE9MHTYmh

[Williams & Company, P.C. @Williams_CPA]

The new Inflation Reduction Act provides small businesses with an incentive to increase their investments in research. Click here to read more.

[Williams & Company, P.C. @Williams_CPA]

Powers of attorney (POA) for property and health care are crucial components to include in your estate plan. A POA is defined as a legal document authorizing another person to act on your behalf. This person is referred to as the “attorney-in-fact” or “agent.” Be aware that a ...

[Williams & Company, P.C. @Williams_CPA]

If you’re a business owner working from home or an entrepreneur with a side gig, you may qualify for home office deductions. On the other hand, employees who work remotely can’t deduct home office expenses under current federal tax law. To qualify for a deduction, you must us ...

[Williams & Company, P.C. @Williams_CPA]

If you run a one-person small business, you might be able to build a bigger retirement nest egg with a solo 401(k) plan. Here are the basic rules. Click here to read more.

[Williams & Company, P.C. @Williams_CPA]

The Inflation Reduction Act is about to become law. Learn how its tax provisions might affect you. Click here to read more.

[Williams & Company, P.C. @Williams_CPA]

Providing for the educational needs of your children or grandchildren is an honorable estate planning objective. You can use a 529 plan for funding tuition and other educational expenses on a tax-advantaged basis. But after your death, there’s no guarantee that subsequent pla ...

[Williams & Company, P.C. @Williams_CPA]

When a married couple files a joint tax return, each spouse is liable for the full amount of tax on the couple’s combined income. Therefore, the IRS can come after either spouse to collect the entire tax, (not just the part that’s attributed to that spouse). This includes any ...

[Williams & Company, P.C. @Williams_CPA]

A limited liability company can give you corporate-like protection from creditors while providing the benefits of taxation as a partnership. Can it work for you? Click here to read more.

[Williams & Company, P.C. @Williams_CPA]

Join our team!!
We are looking to expand our staff and add another Accounting Specialist at W&C.
https://t.co/0JiNrrzss2