TAX TIME/TIPS/THINGS YOU SHOULD KNOW! FIRST DAY OF ACCEPTING TAX RETURNS IS JANUARY 27th, 2020 Taxes are not meant to be performed by you, the tax preparer – Please don’t belittle the knowledge, the hours spent preparing and understanding the diverse tax laws. To do so would be rude. DIY (Do-It-Yourself) is long gone. The laws have changed and you should not take those changes for granted. You cannot use information from last year (2018) with this year (2019)…
I’ve been talking and posting about money all year and this will only pick up as the year ends and a new year is upon us. You can have all the money in the world and without money management, never reach your goals or improve your lifestyle. We learn the value of money as children and that value is based on our observation through the adults around us. Money is that one thing that isn’t always discussed unless it…
DO YOU KNOW WHERE YOU ARE? PART TWO FRIENDS, ENTREPRENEURS, NON-PROFITS, LEND ME YOUR EARS & LET’S INCREASE YOUR POCKETS! We do not have to nor should we shout over the past and into the future without knowing what the past was! HOW much money $ did you make last year? Where did you spend that money? If your disbursements or expenditures were placed in graph form, what would it look like? Is 50% of your money spent on…
BUDGETING IS BALANCING IT CREATES DISCIPLINE IT DEVELOPS SELF-CONTROL There are a lot of people who love to operate in control. I am one of them! I ADMIT I LIKE THINGS BETTER THAT I CAN CONTROL ESPECIALLY WHEN THEY DIRECTLY OR INDIRECLY AFFECT ME! Whew! (I got that off my chest). As much I love control, I’ve learned through experience that I cannot control everything and despite my best efforts, hurt is real and so too is disappointment! I’ve…
Better Books=Better Business I say this all the time, however, when I say it, I’m convinced that it may mean something to me, but maybe not to the business owners, I hope to reach. You can have a thriving business, but without good financial records it will not matter. I’ve had tax clients that made literally over ½ million dollars in one year and have no business as at all the next year. It’s hard to imagine right? When…
BUDGETING IS BALANCING I’ve had multiple conversations with people who feel and will argue that somehow there are hidden secrets about wealth, wealth building and getting rich. That rich people know something the rest of us do not. I cannot argue with that. It’s not really a secret, but it’s a matter of understanding money, how one views the money he or she makes and how well that person distributes (instead of spend) that money. Money is a taboo…
Some of you are still in tax season 2017, while others need to look, prepare and get ready for tax season 2018! For those of you still scrambling to meet the tax deadline for October 15, CALL TODAY! You need bookkeeping services. YEP, bookkeeping! It’s possible to earn enough money that you require another person to assist you with the management of it. That’s called being successful! Bookkeeping begins with the tedious journey of tracking expenditures, categorizing them but…
Doing something great, doing something outside the box is the greatest reason for the trouble to come, situations to occur and obstacles to magically appear. Beginning your own business is no different. In beginning your business, you develop a plan for starting and running the business; however, one often overlooks or isn’t prepared for all the obstacles and challenges that occur in the midst of beginning that business. Opening a business brings out the social, economic, physical and emotional…
Fudging is not an official “accounting term”. I don’t ever remember hearing that word in vocabulary of Financial or Managerial Accounting Courses but it is definitely a common word used in accounting around the offices especially at tax time. As a professional Bookkeeping and Consulting company owner, I specialize in making sure that clients monitor their day-to-day company activities on a regular basis. For most of my clients that is a monthly review at month-end closing. I treat them…
GIVINGIT’S THE THOUGHT THAT COUNTS NO, this message isn’t too late. This is a message to corporate America. If 2018 is to be great, understanding between Employers and Employees should improve significantly. Under a republican government, small businesses thrive and I love that, however, many small business owners ignore and do not share the need for outsourcing properly or handling internally, human resources, payroll and bookkeeping services. Limited working capital makes everyone small business owner “do it all”. That’s understandable…
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TAX TIME/TIPS/THINGS YOU SHOULD KNOW! FIRST DAY…