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
How are US taxes calculated dividends and gains for a non-resident investor
There are a few specifics you need to consider as you read the following answer for non-resident investors paying US tax. Dividends will generally be considered FDAP Income (Fixed, Determinable, Annual Periodic), taxed at a fixed rate for a non-resident. Effectively Connected Income (ECI) will be taxed differently than straight income from investments. Assuming you are just an Read more about How are US taxes calculated dividends and gains for a non-resident investor[…]
Married couple work as independent contractors form an LLC?
Question: Married couple live in California, both work as independent contractors, should they form a Delaware LLC and elect to be taxed as a corporation since the corporate tax rate is only 15% on the first $50,000 of profit. Answer by Wray Rives CPA CGMA: First off there is no scenario where just forming an Read more about Married couple work as independent contractors form an LLC?[…]
How important is it to file 83(b) election S-Corp?
My answer to How important is it to file a Section 83(b) election for an S-Corp? Answer by Wray Rives CPA CGMA: As to the question about making an 83(b) election, it is very critical that you understand the consequences of making the election for restricted stock in an S Corp, but if you should Read more about How important is it to file 83(b) election S-Corp?[…]
As a single non-resident U.S alien owner of a LLC in Wyoming selling inventory through Amazon FBA what are my US tax obligations
My answer to As a single non-resident U.S alien owner of a LLC in Wyoming selling only inventory through Amazon FBA… Answer by Wray Rives CPA CGMA: What makes FBA different? Generally speaking Amazon FBA creates an agency relationship between you and Amazon, which makes Amazon your agent in the US. Under most tax laws Read more about As a single non-resident U.S alien owner of a LLC in Wyoming selling inventory through Amazon FBA what are my US tax obligations[…]
Should I file my startup in Delaware if it’s located in Texas?
My answer to Should I file my startup in Delaware if it’s located in Texas? Answer by Wray Rives CPA CGMA: If you will operate your Texas startup from Texas, you will have to be registered in Texas no matter what. The only reason to register in DE is because you intend to seek outside Read more about Should I file my startup in Delaware if it’s located in Texas?[…]
Can a US citizen and employee sue his Australian employer for non-payment of IRS employment taxes?
My answer to Can a US citizen and employee sue his Australian employer for non-payment of IRS employment taxes? Answer by Wray Rives: First make sure that in fact your Australian employer is subject to US tax reporting and US employment tax. Employment Status Number one are you in fact an Independent Contractor (Self-Employed) or Read more about Can a US citizen and employee sue his Australian employer for non-payment of IRS employment taxes?[…]
What happens with negative K-1 distribution of US S-Corporation?
How to you distribute losses on a K1 for S-Corporation shareholders? Answer by Wray Rives CPA CGMA: There are a number of issues and facts to consider with S Corp losses. Not Earned Income/Not Passive Income – The flow through income from an S Corp is not earned income, but it is not necessarily passive Read more about What happens with negative K-1 distribution of US S-Corporation?[…]
Should a founder pay themselves as W2 or 1099?
My answer to Is it better for the founder of a business to pay themselves as W2 employees or 1099 contractors? Answer by Wray Rives CPA CGMA: The answer is you don’t get to choose. At least you don’t get to choose directly. Founder pay will be determined by the form he or she chooses for Read more about Should a founder pay themselves as W2 or 1099?[…]
How does e-business affect the accounting profession
My answer to How does the development of e-business affect the accounting profession, in both positive and negative… Answer by Wray Rives CPA CGMA I see two primary e-business dynamics that directly impact the accounting industry. Web based tools that facilitate remote delivery of services Web based tools that automate the clerical aspects of accounting Read more about How does e-business affect the accounting profession[…]
Sync QuickBooks to another computer?
My answer to How easy is it to Sync QuickBooks to another computer? Answer by Wray Rives CPA CGMA: First I assume you are using desktop QB. Moving your QB files from one computer to another, is pretty easy. Install QB on the other computer create a backup copy on your current computer copy the Read more about Sync QuickBooks to another computer?[…]