Walton CPA PC

How Using A bookkeeper Can Help Run Your Business!

When Does It Make Sense To Outsource Bookkeeping? - Walton CPA PC Still doing your own bookkeeping? Discover when it makes sense to outsource and how it can save time, reduce stress, and improve your financial clarity.

Our tax specialists are here to take on all of your IRS concerns from setting up affordable payment plans, lowering tax penalties, helping resolve outstanding tax debt, and filing amended tax returns if necessary.

Our accounting, bookkeeping, and tax preparation services are customized to fit your unique needs. During our initial discovery conversation, we dive deep into your business to identify key factors that influence our fees, such as:

🔹 Current Software 🔹 Team Involvement 🔹 Bank & Credit Card Reconciliation 🔹 Transaction Volume 🔹 Handwritten Checks 🔹 Additional Accounts 🔹 Accounts Management 🔹 Inventory Management 🔹 Sales Tax Filings 🔹 Industry Complexity 🔹 Financial Reporting 🔹 Payroll Processing 🔹 Accounting System Status 🔹 Chart of Accounts 🔹 Tax Returns 🔹 Tax History 🔹 Tax Planning

Click this link for more information about how we price our services. https://sbee.link/hatbnqu69m

By understanding these variables, we ensure transparency and accuracy in our pricing. Ready to get started? Contact us today to schedule your initial discovery conversation and let us help you navigate your accounting needs with confidence!

How To Handle An IRS Letter Or Notice

1. Don't Panic! The IRS reaches out to thousands of Americans ever year. You are not alone.
2. DO handle in a timely manner. Putting off IRS issues can end in severe financial penalties. A timely response will help you minimize cost and stress.
3. Contact a tax specialists. To reduce anxiety and to get control over an IRS issue, speak to an trusted tax professional. We can provide you with the answers, knowledge, and services to best support you through difficult times.

𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐒𝐞𝐥𝐟-𝐄𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐓𝐚𝐱𝐞𝐬 𝐟𝐨𝐫 𝐒𝐨𝐥𝐞 𝐏𝐫𝐨𝐩𝐫𝐢𝐞𝐭𝐨𝐫𝐬 & 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩𝐬
If you're a sole proprietor or a partner, you're likely paying more than just federal income taxes. Self-employment taxes, which include Social Security and Medicare taxes, can be significant. Here's a quick breakdown:
🔹 Social Security Tax: 12.4% up to $176,100 (2025 limit)
🔹 Medicare Tax: 2.9% on all self-employment income
🔹 Additional Medicare Tax: 0.9% if income exceeds $200,000 (single) or $250,000 (married filing jointly)

These taxes are calculated on 92.35% of your net business income, making business deductions doubly valuable. Remember, not all income types are subject to self-employment tax, such as gains from the sale of capital assets or most rental income.

For LLC members and partners, the rules can be a bit more complex, especially with proposed IRS regulations. Always consult with a tax professional to ensure you're compliant and optimizing your tax situation.

Click here to read the full article: https://sbee.link/dfka8xew9q

How To Calculate Self-Employment Taxes - Walton CPA PC Self-Employment Taxes For Sole Proprietors

Stop by our booth at the Women’s Success Summit 2026 and connect with a powerful community of women entrepreneurs who are ready to grow, lead, and make an impact.

Event Details:
June 11, 2026
11:00 AM – 3:00 PM
Informal Networking: 10:15 AM

The Meridian
350 Southwind Lane
Fairview, TX 75069

Seats are limited, so don’t wait to reserve your spot. This is your opportunity to step into a room full of driven women who are embracing change, rising above the noise, and leading with confidence.

Reserve your seat here: https://www.ewomennetwork.com/event/2026-women-s-success-summit-shift-the-ceo-advantage-06-11-2026-12117/register

We may not wear capes, but doing taxes is our superpower. What's yours? Let us know in the comments.

Now more than ever, small businesses are struggling to stay on top of tax issues, and understand how new IRS policy changes affect them. One wrong turn can lead to devastating consequences. If you need help getting your business bank on track, contact us today.

Best Tax Strategy: Calling Us
Now doesn't that simplify things?