Most small business owners connect a bank account to QuickBooks and expect the software to take it from there. It won't. QuickBooks only knows what you tell it, and a rushed setup early in the year usually shows up later as a messy tax return. With year-end close...
Running payroll sounds simple at first. You pay your employees, withhold the right taxes, and move on. But once a business starts to grow, payroll processing becomes one of the most time-consuming and error-prone tasks on the list. A missed deposit deadline or a...
Running a business in Summit County means juggling customers, staff, daily operations, and growth all at once. As things get busier, keeping financial records up to date often slips down the list. That is why we see more local owners turning to...
If you’ve received a letter that looks like it’s from the IRS asking for your bank account information — pause before you act. We’re seeing an increase in fraudulent IRS notices circulating right now, and they’re getting more convincing. These scams...
For many entrepreneurs, tax planning only becomes a priority when deadlines are approaching. At Elevated Tax & Accounting, we believe the most financially stable businesses take a very different approach. Rather than reacting to tax obligations...
One Big Beautiful Bill Signed Into Law The One Big Beautiful Bill (“OBBB” or the “Act”) was signed into law on July 4, 2025. The OBBB contained many important tax changes that are likely to impact significant numbers of individuals and...
Year-End Tax Planning for Your Investments As we approach the end of the year, it's a great time to review your investment portfolio and consider potential strategies to minimize your tax liability for the upcoming tax season. One key area to...
Federal Government to End Most Paper Checks by Month End The federal government will stop issuing paper checks for most payments at the end of this month, marking a major transition to electronic transactions. The change follows...
Important BOI Reporting Reminder for Small Businesses For the past couple of weeks, I sent a mass reminder to inform you of some additional reporting requirements for small businesses this year and that we’ve partnered with a company that is...
Act now - 50% off until 06/30/2024 We wanted to make you aware of a new law that went into effect on January 1, 2024. It impacts virtually all small businesses organized as a LLC, S or C-Corp. Here’s a quick breakdown:• The Corporate Transparency Act...