Know the ins and outs of “reasonable compensation” for a corporate business owner

April 21, 2021

Owners of incorporated businesses know that there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: A corporation can deduct the salaries and bonuses that it pays executives, but not dividend payments. Thus, if funds are paid as dividends, they’re taxed twice, once to the […]

Protect your Organization’s Fragile Tax-Exempt Status

April 21, 2021

Not-for-profit organizations are different from for-profit businesses in many vital ways. One of the most crucial differences is that under Section 501(c)(3), Sec. 501(c)(7) and other provisions, nonprofits are tax-exempt. But your tax-exempt status is fragile. If you don’t follow the rules laid out in IRS Publication 557, Tax-Exempt Status for Your Organization, the IRS […]

The Dynamic Duo of Amanda Waters & Roxanne Ortiz have Joined Forces!

March 10, 2021

We are so excited to announce the merger between ALW Accounting & Consulting and Ortiz Financial Solutions to form Waters Ortiz Accounting! The new firm will specialize in providing accounting expertise for small businesses and non-profit organizations. We have a passion for helping non-profit organizations and small businesses achieve financial excellence. We offer customized accounting […]

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