Farber Blicht Eyerman & Herzog

Tax Planning 101: Gross Margin is a percentage calculated by taking Gross Profit and dividing by Revenue for the same period. It represents the profitability of a company after deducting the Cost of Goods Sold.

A W-4 Form is an Employee’s Withholding Allowance Certificate and is completed by the employee and used by an employer to determine how much to withhold from an employee’s paycheck for federal income tax purposes.

The Business or Legal Entity is the legal structure, or type, of a business. Common company formations include Sole Proprietor, Partnership, Limited Liability Corp (LLC), S-Corp and C-Corp. Each entity has a unique set of requirements, laws, and tax implications.

Respect is what we owe; love, what we give.

An LLC's simple and adaptable business structure is perfect for many small businesses.

Self-employed. Remember to pay your Social Security and Medicare taxes in addition to your income taxes. Creating and funding a savings account for this purpose can help avoid the cash flow hit each quarter when you pay your estimated taxes.

Self-employed. Remember to pay your Social Security and Medicare taxes in addition to your income taxes. Creating and funding a savings account for this purpose can help avoid the cash flow hit each quarter when you pay your estimated taxes.

“If everything seems to be under control, you’re not going fast enough.”

Looking to buy a business? Most buyers don't ask enough questions or require enough financial history to make an informed decision. Any business worth buying should have kept adequate records.

Looking to buy a business? Most buyers don't ask enough questions or require enough financial history to make an informed decision. Any business worth buying should have kept adequate records.