Richard Streitfeld – Buddhist Mensch

Frequently Asked Questions:
Demystifying S-Corp Distributions

Q: How do we take distributions from our S-Corp? –Sol Sagan, Billions and Billions of Stars, Inc, Scituate A: Structured properly, distributions from an S-Corp can save the owners thousands of dollars annually in payroll taxes. How? Distributions are profits remitted directly from the company to the owners without going through payroll, therefore not subject
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Richard Streitfeld – Buddhist Mensch

Zen and Now
A Few Best Practices for 2016

The beginning of the year is a good time to check your withholding allowances. Are you perpetually behind, or need more money in your paycheck? Remember that you can claim any filing status and number of exemptions on the W-4 for your regular withholding during the year. Read my article. Don’t rely on 1099’s to tabulate your income,
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Registering for Sales Tax–
a Multi-State Guide for Artists and Others

Sales tax is not fun.  No kind of tax is fun, but sales tax can be particularly daunting, and it is also considered “low hanging fruit” by many state jurisdictions.  Add to that the challenge of filing in multiple states if you are a working artist who participates regularly at shows around the country and
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Where’s My Refund?

Click on the links below for access to the agency of your choosing. IRS – https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp RI – https://www.ri.gov/taxation/refund/ MA – https://wfb.dor.state.ma.us/webfile/wsi/Public/Webforms/Features/ViewActivity.aspx – If you have not registered yet, you will be provided a link to do so. You must register on the site before using this feature.

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