RIVES CPA PLLC
TAX
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
BUSINESS ACCOUNTING
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
My passion is owner operated businesses and I believe they are key to any successful economy. My firm's goal is to help you succeed by providing knowledge, expertise and peace of mind.
Tax planning and compliance
Cloud accounting solutions
Payroll service
Virtual CFO/Business Coach
HELPFUL ARTICLES
Sales Tax Nexus
As a result of the Supreme Court ruling in South Dakota v. Wayfair, online sellers now need to consider sales tax obligations in state that have a sales tax nexus statute. The precedent set by the 1992 Quill has now been overturned. Now, not only does physical presence count, but “economic” presence in a state Read more about Sales Tax Nexus[…]
Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act (TCJA) was passed at the end of last year and is the first tax law change in some time that actually have substantive changes to how US taxes are calculated. Tax rates changed Expenditures that used to be deductible are no longer Individual standard deduction amounts changed Personal exemptions Read more about Tax Cuts and Jobs Act[…]
How to not pay tax in the US
Is it possible in the US to pay no tax? Is it possible? Yes Is it easy? No Income tax– which is what most people think of when you say taxes is the easy one. Just don’t earn any income and you will not owe any income tax. I overstate that somewhat, because you could Read more about How to not pay tax in the US[…]
Tax Advantages of S Corporation
The tax advantages of an S Corporation vs sole proprietorship or partnership is typically in the Self Employment tax. With a sole proprietorship or general partnership, all profits are in one bucket that flows out to the owner for taxation. The owner is taxed for income tax and self employment tax. Income tax depends on Read more about Tax Advantages of S Corporation[…]
How do you find a quality CPA?
Understand what services you need from a CPA. Despite what some people seem to think, we CPA’s are not all the same. We tend to specialize in certain areas of practice and many simply don’t do some areas of service. I don’t do audits and I don’t do personal financial planning. I know people to Read more about How do you find a quality CPA?[…]
What are my tax duties as a non-resident-alien and LLC owner?
My answer to What are my tax duties as a non-resident alien and LLC owner? Answer by Wray Rives CPA CGMA: 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 Read more about What are my tax duties as a non-resident-alien and LLC owner?[…]
California Supreme Court Ruling will limit Gig Economy in the state
The California Supreme Court has issued a new ruling that will severely restrict the gig economy in the state. The growth of gig jobs is based on workers being classified as independent contractors, who are not subject to employment taxes, employee benefits or worker’s comp being paid by the company hiring them. Amounts paid to Read more about California Supreme Court Ruling will limit Gig Economy in the state[…]
What is the difference between C Corp and S Corp
S Corporations and C Corporations have a number of differences. From a tax perspective the key differences are: S Corporations Limited to one class of stock Limited to 100 shareholders All shareholders must be US individuals or certain trusts and estates Generally no income tax at the corporation level Taxable income flows through to Read more about What is the difference between C Corp and S Corp[…]
EIN or ITIN
Non-US individuals often want to know the fastest and easiest way to obtain an EIN or ITIN. I find a lot of misunderstanding about the two numbers. First you need to understand that EIN and ITIN are similar numbers that serve different purposes and have different requirements. EIN-Employer Identification Number. An employer identification number (EIN) Read more about EIN or ITIN[…]
Tax To Do List
Under the new tax bill, add these to your to do list for the next 10 days The new tax bill has been passed by Congress and is expected to be signed into law this week. That gives you 10 days until December 31 to take care of a few tax items. Prepay your property Read more about Tax To Do List[…]