RIVES CPA PLLC
TAX SERVICES: Consultative tax planning to reduce taxes Proactive tax ideas Tax reporting for US federal Tax reporting for all 50 states 1099’s W2’s Sales tax reporting LLC, C Corporation, S Corporation
ACCOUNTING SERVICES: Support cloud based bookkeeping services Preferred service provider for Xero Quickbooks Online Freshbooks. Collaborate with us in real time about your finances Automatic import of bank transactions
VIRTUAL CFO SERVICES
CFO SERVICES You don’t hire a CPA to fill in the blanks for you on a tax form. You hire a CPA for their expertise and knowledge.
RIVES CPA PLLC
Our firm is virtual, so we have no geographic limits and already service clients in 34 different states and 15 different countries. We specialize in a few areas of CPA services. Specifically income, sales and franchise tax planning and compliance, accounting, bookkeeping and payroll services for owner operated businesses and individuals. Lacking the high price office space allows us to offer fixed pricing for services rather than selling hours. Clients are not looking to buy accounting hours, they should be looking to purchase knowledge and expertise from their CPA.
Tax planning and Compliance
Cloud accounting solutions
Virtual CFO services
Would a foreign partner in a US LLC pay tax where he lives or in the US? Answer by Wray Rives CPA CGMA It is impossible to answer without knowing more about the specifics of your operation. The US has a tax treaty with a number of other countries. If the foreign partners are in a[…]
What is the best state to incorporate in for a foreign startup? Answer by Wray Rives: There are so many variables, all I can do is give you some general ideas about foreign nonresident owners of US entities and what states make “tax sense” for the non-resident owners. First I assume you that you want[…]
When employing an independent contractor in CA establishes sales or income tax nexus for a Seattle company?
My answer to When can employing an independent contractor in CA establish sales or income tax nexus for a Seattle c… Answer by Wray Rives: Just using an independent contractor in California would not create nexus in CA; however, there are several common, potential issues that typically come up in this scenario. If the independent[…]
The vast majority of fraud is detected by four methods: top secret algorithms that evaluate data from every tax return that is filed. Specifics are a very closely guarded secret, but generally they are looking for outliers or patterns that warrant additional investigation more simplistic data matching of numbers that get reported from multiple sources […]
Is it worth creating an LLC in Delaware while operating an e-commerce business out of New Jersey? What are the pro’s/cons?
Is it worth creating an LLC in Delaware while operating an e-commerce business out of New Jersey? Answer by Wray Rives: Should you register you startup LLC e-commerce business in Delaware? If you operate the business in New Jersey, you will still have to register the LLC as doing business in New Jersey and pay[…]
My answer to How am I taxed as a non-US resident owning an LLC selling on AMZ? Answer by Wray Rives: As a general rule selling on Amazon is considered US sourced income and requires filing a US federal income tax return. In the case of one non-resident owning an LLC that is selling on[…]
When flipping houses, does it make sense to set up a corporation? Answer by Wray Rives: From a US tax perspective absolutely not. When you flip houses, you are generally creating taxable capital gains. Individuals can often pay a lower rate of tax on capital gains, but for a corporation capital gains are just another[…]
My answer to What are my tax duties as a non-resident-alien and LLC owner? Answer by Wray Rives: First off I need to give you a disclaimer that taxation of non-residents by the US is a complex topic. I am going to give you general answers, but you really should contact a US tax professional[…]
If I am using my earnings (W2 paycheck) to fund my own new separate legal business, what can I deduct (assume loss for tooling/prototypin…
My answer to If I am using my earnings (W2 paycheck) to fund my own new separate legal business, what can I deduct … Answer by Wray Rives: If you are just at the tooling and prototyping stage in your business, you need to capitalize and amortize these initial cost to develop whatever it is[…]
When is employer provided housing taxable to the employee? When can it be deducted fully by the employer?
My answer to When is employer provided housing taxable to the employee? When can it be deducted fully by the emplo… Answer by Wray Rives: Generally the cost to provide employee housing is always a deduction for the business. When it is taxable to the employee depends on several questions: Is the housing provided for[…]