Linda L. Waters, CPA

Tax Preparation, Bookkeeping, and Payroll


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Record Keeping

Posted on July 25, 2016 at 3:20 PM Comments comments (1)

Why should I keep records?

Good records will help you monitor the progress of your business, prepare your financial statements, identify sources of income, keep track of deductible expenses, keep track of your basis in property, prepare your tax returns, and support items reported on your tax returns.

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Selecting your Business Structure

Posted on June 17, 2016 at 9:10 AM Comments comments (0)

When beginning a business, you must decide what form of business entity to establish. Your form of business determines which income tax return form you have to file. The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Limited Liability Company (LLC) is a business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure.


Sole Proprietorships



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Apply for an Employer Identification Number (EIN) Online

Posted on June 16, 2016 at 2:10 PM Comments comments (0)


Determine Your Eligibility...

You may apply for an EIN online if your principal business is located in the United States or U.S. Territories.

The person applying online must have a valid Taxpayer Identification Number (SSN, ITIN, EIN).

You are limited to one EIN per responsible party per day.


Understand the Online Application...

You must complete this applica...

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