David Roitblat

CPS PC Informational: Five Rules for Turning Your Vacation—Even a Luxurious One— into Tax-Deductible Business Travel Credits: Bradford Tax Institute #businesstravel #deduction #castellon #taxservices #accountingservices

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So many small business owners wear far too many 👒 hats 🎩 out of necessity. But should managing the books 📚 and all the compliance-related headaches really add undue stress to an already full plate? As bookkeeping professionals, Numbers in Boxes’ goal 🎯 is to lighten the load for entrepreneurs. By partnering with clients 🤝 and gaining a deep understanding of their unique operations and needs, we're able to seamlessly integrate into their processes.⚙️ Paperwork 📑 comes to the bookkeeper, and the client can stay focused 🔎 on their passion. We ensure all financial data is organized 🗂️ and accurate, obligations are addressed promptly and proactively. The end result is peace of mind🧘🏻‍♂️ - clients know their records and reporting requirements are handled by experts, leaving them to run their business 💼 freely without that lingering anxiety. If easing your administrative burden would allow even a little more breathing 😮‍💨 room, learn how an experienced bookkeeper can become an invisible yet invaluable extension 🔗 of your team. Together, we'll make compliance simple so you can fully dedicate your energy to growth.⚡ If you could unload one task off your plate what would it be? Comment below. ⬇️ #NumbersInBoxes #fullplate #BookKeepingServices #toomanyhats #efficientsystems

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"Let us handle the numbers so you can focus on what you do best—running your business. Reliable bookkeeping services you can count on. 📈💻 #BusinessFocus #BookkeepingPros"

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PSA for all Business Owners 🎤🎤 If you are using PayPal and have it hooked up to your QuickBooks Online account, USE A BOOKKEEPER WHO HAS EXPERIENCE WITH PAYPAL. Literally spending all day fixing errors in a QBO account because PayPal is TRICKY and easy to make mistakes with. Either that or don’t use PayPal 🤷🏻‍♀️ #bookkeeping #businessowners #Quickbooksonline #paypal #QBO

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𝐈𝐬 𝐲𝐨𝐮𝐫 𝐛𝐨𝐨𝐤𝐤𝐞𝐞𝐩𝐢𝐧𝐠 𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐲𝐨𝐮 𝐛𝐚𝐜𝐤? Don't wait – hire a remote bookkeeper today and streamline your financial operations! Discover how you can save time and reduce costs with professional remote bookkeeping services. Contact us to learn more: 📞 +61 2 9055 3838   ✉️ info@fourfoldglobal.com   🔗 www.fourfoldglobal.com #RemoteBookkeeper #HireRemoteBookkeeper #RemoteBookkeeping #AccountingTeam #OutsourcedBookkeeping #TaxAccounting #Bookkeeper #Payroll #OutsourcingAccounting #AccountingServices #BookkeepingServices #AccountingFirm #BookkeepingTeam #Australia #AccountingOutsourcing

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Pro tip for expats: If you still have to file your 2020 return to get a refund, make sure to file before May 17 and don't wait until June 15. While technically you have until June 15, you would be setting yourself up for a fight with the IRS to prove that you actually were abroad in 2021. Not worth the trouble. Most probably the refund would be automatically rejected (especially if you use a US mailing address) and you would have to call the IRS. Not fun.

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Now that your taxes are complete and filed for last year, you are probably wondering what old records can be discarded. There is no fixed timeline; it depends on the type of records and whether there were any omissions on the related tax return.

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9 High-Level Tax Strategies  1. Keep accurate records- Proper record-keeping facilitates smoother tax filing and allows you to identify opportunities for deductions and optimization. 2. Maximize your deductions- Essential deductions include office rent, utilities, travel expenses, employee salaries, and business-use equipment. 3. Consult with a tax professional to pinpoint all applicable deductions for your situation. 3. Maximize retirement plan contributions- Remember, contributions to a 401(k) are made with before-tax income, which lowers your tax rate come tax season. 4. Claim available credits- Tax credits directly reduce the taxes you owe. Look for credits like the Work Opportunity Tax Credit, Small Business Healthcare Tax Credit, Qualified Business Income Deduction, and others.  5. Defer income and accelerate expenses- Be mindful of your cash flow and consider shifting income and expenses to your advantage. The method to defer income depends on the accounting method your business uses: cash-basis or accrual-basis. 6. Plan for estimated taxes- As a small business owner, you likely need to pay estimated taxes quarterly to avoid underpayment penalties. It's crucial to stay on top of these deadlines.  7. Consider adjusting your business structure- Depending on your business goals and growth, transitioning to another legal structure like an LLC, S Corporation, or C Corporation may provide tax advantages. Weigh the pros and cons with a tax professional before making the switch. 8. Pay for health insurance- Self-employed health insurance deductions can reduce your overall tax liability. They can be applied to premiums for medical, vision, dental, and long-term care. 9. Use your car for work- By using a personal car for business you can enjoy significant tax advantages. To calculate your deductible car expenses, you can opt for the standard mileage rate — 67 cents per mile for tax year 2024 — or itemize your actual expenses. -M. Hughes CPA & Company, LLC https://mhughescpa.com/

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Who’s the #1 person you should seek advice from on S-corp vs C-corp vs LLC (Business entities in general)? Your tax preparer. At T2B, we’re your payroll and bookkeeping experts. But if you have other #smallbusiness and #franchise needs, we have a referral from our network of support and service providers. You could consider us your concierge to business success 😉 Have a business or service that could support T2B clients? Drop it in the comments below! ⬇️ Need #bookkeeping or #payroll for your small business or franchise? ➡️ Send me a DM!

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3 Reasons Why Reconciling Your Account is Crucial! At Swift Ledger Bookkeeping Services, we understand the importance of keeping your financial records in top shape. Here are three key reasons why reconciling your accounts is essential for your business: Detect Fraud Early: Regular account reconciliation helps you catch fraudulent activities early, safeguarding your business from potential financial losses and ensuring peace of mind. Ensure Accuracy: Keeping your accounts reconciled ensures that your financial records are accurate and up-to-date. This precision is vital for making informed business decisions and avoiding costly errors. Maintain Financial Health: A reconciled account provides a clear picture of your financial health, helping you manage cash flow effectively and plan for future growth with confidence. Let's work together to keep your finances in perfect harmony. Reach out to us today to learn how our comprehensive bookkeeping services can benefit your business! E: Info@swiftledgers.com P: (929) 900.3855 #Bookkeeping #FinancialHealth #FraudPrevention #AccuracyMatters #BusinessGrowth #Accounting #SmallBusiness

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🔍📊 Attention accounting firms! Struggling to balance time-consuming tasks like tax audits with everyday bookkeeping? Consider outsourcing your bookkeeping services for maximum efficiency and focus! 💼✨ #Bookkeeping #Outsourcing #TaxAudits #AccountingEfficiency #BusinessGrowth

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Probooks NY is here to help your small business succeed. We provide cloud bookkeeping solutions, help you master QuickBooks, and streamline your processes for accurate reporting and compliance. #ProbooksNY #Bookkeeping #SmallBusiness #FinancialManagement

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If you are considering upgrading your client portal to TaxDome you should deffff come to my networking event. As if having yummy pizza, sandwiches, coffee shots, regular shots, #thefuncpa Palomas, hand-rolled Cigars and a DJ there is not enough of a good time for ya... Victor Radzinsky the CEO of TaxDome will be there to hang with us, give out some swag and answer any questions. If I were you, I'd sign up. As you can see, my feed is about to really be annoying with all this event promotion but the more fun-loving professionals, the better. Amirite? P.S. Mando will be there too. Link in comments go sign up. #thefuncpaevents #thefuncpa #taxdome #accountingfirm

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What the hell is a bookkeeper? 🤨 "Don't you just input stuff?" "Software has made you irrelevant." "I only need to talk to you about my taxes." Hitting you hard on a Monday morning with some wonderful misconceptions about the bookkeeping industry...but bear with me. Before I became one, I had a vision of a bookkeeper. It was mainly the little dark room on The Muppets Christmas Carol where Kermit and the rats were saying their ink wells had turned to inkcicles and their assets were frozen. 😂 Some people have a different vision - that bookkeepers are basically a poor mans accountant who just input data, thus with automations being available now becoming irrelevant. 🥱 And finally you have some people who only want to talk tax. In fact, most of my leads come in asking about tax (and then enjoy a full suite of confidence instead!) 😉 So what's your vision of a bookkeeper? Let me help! Imagine someone sitting at a white desk in the corner of a room, bright laptop light shining on their face, fingers whirring through reams of data quickly, clickity clackity on the keyboard. A hot coffee nearby steaming invitingly. The phone rings interrupting the soft radio, they answer with a bright and breezy tone. Emails are answered, data is sorted, reports are generated, analysed and sent out. Zoom out now - Business owners are in no doubt as to their financial position. They know their options for financing. They know that profit does not always equal cash. They know what to do with excess cash. They understand how investing could increase their revenue. They are confident in the shape of their business. That's a bookkeeper. And that's the effect that bookkeepers have. It's not just tax. It's not just data. It's people. You, me, them, us. People. (And good bois!) ------------------------------------------------- I'm Sarah, a bookkeeper dedicated to helping people, petting puppers and drinking coffee. Get in touch if you have a similar cut of jib. ☕💻⌨️🌞

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I don't do my own bookkeeping. I pay a qualified bookkeeper to do it for me. I meet with my bookkeeper every month to go over the numbers. Why? Because I am a firm believer in the incredible value that timely, accurate accounting delivers to decision makers in a business. I couldn't run my business without it. It's not just something I tell other people to do because I'm a CPA and feel obligated to support my industry. I practice what I preach. I constantly talk about: 1. Accurate bookkeeping 2. Implementing cashflow forecasting 3. Making data backed decisions I also: 1. Pay for quality bookkeeping in my own business 2. Update and review a cashflow forecast for my own business every month 3. Make decisions about how to run my own business based on the data I get from the two things above I do this because it works. Period.

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Question 👉 Will this program teach me bookkeeping skills? Answer 👉 You should already have some basic bookkeeping skills that you’ve acquired through either having taken a bookkeeping course or learned through experience. While I don’t teach you the very basics of bookkeeping, there will be opportunities to uplevel your skill set by learning specialized knowledge and advanced skills that will allow you to provide incredible value to your clients so you can attract better and higher paying clients. Learn more about Bookkeepers IGNITE, and how the program can benefit your business 📲 https://bit.ly/48G9JTy #bookkeeping #ceomindset #taxbusiness #bookkeepercoach #scaleyourbusiness #bookkeepingbusiness #accountingandaccountants #VirtualCFO

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