You can claim your home office. But there are some rules that apply. Speak with a tax expert today. Visit our website.
If Bookkeeping feels like a chore or a hassle, that’s no problem. Our experts can help you today. Visit our website today to learn more about what we offer.
Use attachments in Quickbooks.
You can attach documents to anything in QuickBooks that has the paperclip icon. This includes many list items such as transactions, accounts, customer names, vendor names, employee names, other names, and inventory items. You can also attach documents to Company Info.
If you need help contact us today.
Tax Tip
If your receipt fades, the tax deduction doesn’t count. So using an accounting software is essential.
If you signed up for the SBA loan and were approved, you agreed to keep track of all monies for up to 3 years.
A bookkeeper will make sure all your records match and prevent any issues you may have down the line.
Quickbooks is a great tool for business owners. But it can be a little tricky getting setup.
Visit our website if you need help setting up your quickbooks.
QuickBooks added an automated payment reminder for customers who owe you money. This simple feature can help you get paid.
Need help setting up QuickBooks? Let’s chat.
If you received the EIDL Loan/Grant you may want to amend your 2018/2019 taxes now while you still have a chance to get them updated. Contact us today.
If you have employees, you will need to make sure you understand local tax and reporting deadlines. If you need help inbox or call us today.
Got a bookkeeping question? Shoot me a dm or call today.
Setting up payroll can be tricky. With different laws and rules to worry about we know it can be difficult. That’s why we are here to help. Send me an DM today to get started
We are more than tax pros. We can handle all the numbers from taxes, to bookkeeping and payroll. Call today to learn more.
We are more than tax pros. We can handle all the numbers from taxes, to bookkeeping and payroll. Call today to learn more.
When it comes to doing your bookkeeping on your own, I know it can be very frustrating. But don’t worry, I make the entire process easy for you. I take care of the paperwork so you can focus on your business.
If you received unemployment benefits you will receive a 1099-G at the end of the year.
-Sole prop: operating under owner’s ssn. Personal and professional expenses are one in the same. No real protections.
-LLC: limited protections, tax id number, personal and professional expenses MUST be kept separate. Subjected to high self-employment taxes.
-Effective tax rate is the rate in which taxes were paid
-Marginal tax rate is a tiered tax system in which you pay a tax rate for the amounts in a certain tier
-Adjusted Gross is the combined income without the amount of tax that was paid.
-Delaying self-employment taxes until after 2021
-Employee retention tax credit
-Delays in payments of employer payroll taxes
-PPP/EIDL loans with the PPP being forgivable where applicable
Tax plan! Sit down with a professional and draft up a return based on projections to ensure you are making the best decisions throughout the year
Keep your personal and your professional SERPERATE
Stay organized and don’t wait until tax time to take your finances seriously
Automation and outsourcing are your FRIEND
Your vehicle can do more than just get you from point A to point B, it can help you save money come tax time.
If an independent contractor, estimated self-employment taxes. Most are 1099 contractors, but some are W2 employees and would have withholding taxes that would need to be calculated in the new tax calculator since the IRS is now requiring a specific amount to withhold throughout the year.