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
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
Virtual CFO/Business Coach
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?[…]
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?[…]
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[…]
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?[…]
Answer to How does a 1099 differ from a W-9 when filing taxes? Answer by Wray Rives CPA CGMA: W9 Form A W9 Form Form W-9, Request for Taxpayer Identification Number (TIN) and Certification is a request for your taxpayer ID number. Typically that is your social security number. Independent contractors normally complete a W9 Read more about 1099 – W9 Forms[…]
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 Read more about Do foreign partners in an LLC pay taxes in the US[…]
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 Read more about What is the best state to incorporate in for a foreign startup?[…]
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 Read more about When employing an independent contractor in CA establishes sales or income tax nexus for a Seattle company?[…]
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 Read more about How is tax fraud detected?[…]
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 Read more about Is it worth creating an LLC in Delaware while operating an e-commerce business out of New Jersey? What are the pro’s/cons?[…]