If your business has employees, you’ll have to do payroll. There’s no way to avoid it, but what really is payroll? There are 4 basic components to payroll: Paying employees compensating employees for the work they doWithholding and paying taxes both employee and employer taxesReporting to the governmentboth state and federalMaintaining labor compliance minimum wages,… Read More
Welcome Ashlyn Nordyke
Ashlyn Nordyke is the newest member to the T.L. Baker & Co., LLP team. Ashlyn earned her bachelor’s degree from the University of Northern Iowa, graduating in May of 2018 with a bachelor’s degree in Accounting with a minor in Spanish. Currently she is in the process of obtaining her CPA certification. She will spend… Read More
Welcome Connie Scurr!
Connie Scurr recently joined the T. L. Baker & Co., LLP team in April of this year. Connie brings over 30 years’ experience to her position. Her primary experience includes various accounting services in the manufacturing industry. 12 of those years were spent as a controller. Here at TLB Co. Connie will specialize in our… Read More
How Do I Start A Business?
So you’ve done your research, you have your business plan and finances figured out. What’s the next step in starting your own business? Next up is choosing a business entity. You have several options to choose from and they include: a sole proprietorship, a limited liability company (LLC), a partnership, or a corporation. The structure… Read More
Welcome Kourtney Krumm
Kourtney Krumm is the newest member of our T.L. Baker Co., LLP team. Kourtney earned her bachelor’s degree from Iowa State University, graduating in May of 2017 with a bachelor’s degree in Accounting and Management with a minor in Agricultural Business. Currently, she is in the process of obtaining her CPA certification. She will spend… Read More
What is an EA and how can they help me?
An Enrolled Agent (EA) is an individual who is authorized by the U.S. Department of Treasury to represent you before the IRS for audits, preparing and filing tax returns and other accounting services. Read More
Celebrating 5 Years
Today, T. L. Baker & Co., LLP is celebrating our 5th year of service. We thank our clients and employees for their contributions to our continued success. Over the past 5 years we have worked towards our goal to be “More than your typical accounting firm”. Our dedicated team has over 90 years of combined… Read More
Scammers Target Students
Are you a student, or know of a student? Please beware that scammers are now targeting students with a “Federal Student Tax”. There is no such thing as this. Please, please, please DO NOT give out any personal information to an IRS Impersonator demanding payment on this. The impersonators have even gone as far as… Read More
College in Fall of 2017?
Do you have a child going off to college in the fall of 2017? Be aware they are making the application for FAFSA available to you October 1st and you will be using your 2015 tax information for students applying for the 2017-18 school year. These changes should help prevent the scramble in the spring… Read More
Back To School Tax Savings
It’s back to school time! This week has been full of first day pictures, nervousness for both parents and kids, and the first of the last for those seniors! We wanted to make sure you remember some tax advantages for parents with kids in grades K-12 in Iowa. Yep, there’s a tax credit for that!… Read More