PaulHood

Many business owners consider an S-Corp because they hear it can lower taxes. But choosing an entity is not that simple.

An S-Corp is not a tax shortcut. It is a structure that can make sense once a business reaches a certain level of income and is no longer just a "well paid employee."

Read our blog to learn the benefits of an S-Corp election, where it can backfire, and more.

https://hubs.li/Q04fZPPc0

The Pros and Cons of S-Corp Election - PaulHood In this guide, we will cover the benefits of an S-Corp election, where it can backfire, and the key factors to consider.

Our office is closed today in observance of Memorial Day as we honor and remember those who have served.

We’ll reopen tomorrow and look forward to serving you then.

We’re proud to share that members of our team were recently recognized at the annual Strategic Partners Inc. Advisor Forum for their dedication to supporting the financial success of clients across Oklahoma, Texas, Kansas, and Missouri.

Paul Hood and Bryce Hood were honored as Top Producers, and Adam Hardesty was recognized as a Top New Financial Representative.

Please join us in congratulating Paul, Bryce, and Adam on these well-deserved achievements and their continued commitment to serving clients with excellence.

Spring is the perfect time for a payroll check in 🌷

A lot can shift in Q1. New hires, benefit changes, tax updates, and business growth can make it easy for small details to slip through the cracks 🌼

Q2 gives you a window to catch issues early, stay compliant, and set yourself up for a smoother rest of the year 🌺

Swipe through for the key payroll areas worth reviewing now 🌻

📢 Attention nonprofit leaders!

Your Form 990 is due May 15. If you need more time, file an extension before the deadline. Missing this date could put your tax-exempt status at risk, so don’t wait!

Should you put your kids' names on your house?

Paul gets this question all the time. In this Money Monday, he breaks down the different ways to transfer assets and why joint ownership is usually a bad idea.

Estate Planning: Transferring assets like your home "Should I put my kids' names on my home?"Paul gets this question all the time. In a recent Money Monday, he breaks down the four ways to transfer assets and ...

As your business grows, managing your own books can quickly shift from manageable to overwhelming.

This eBook shows you how to stay in control and grow with confidence, including:

📄 Understanding 1099s and how to manage them year round
📊 Pulling accurate year end reports in QuickBooks
⚠️ Common bookkeeping mistakes and how to avoid them
🔍 Signs you have outgrown DIY bookkeeping
🤝 How to choose the right financial partner

If you want clearer books and fewer surprises, this is a smart place to start.

Click the link to get your copy.

https://hubs.li/Q04fh2rY0

Accounting & Bookkeeping for Growing Businesses eBook - PaulHood This eBook shows you how to stay in control of your business bookkeeping and when to bring in the right partner with confidence.

If your employees work in more than one state, payroll gets complicated fast. Different tax laws, wage rules, and registration requirements can create major headaches as your business grows.

The good news? Multi-state payroll is manageable with the right support and systems in place. Read our guide here to learn more.

https://hubs.li/Q04fZtby0

Multi-State Payroll Compliance: What Growing Businesses Overlook - PaulHood Multi-state payroll compliance is more complex than most businesses expect. Learn what growing and remote-first teams need to know.

Even small bookkeeping slip-ups can create bigger problems over time.

Let’s take a look at two common mistakes that might be costing your business and how to fix them.