Kimberly Gray, CPA

🌟 Accounting Friends and Colleagues – As summer approaches, it's the ideal time to consider advancing your career. 🌟 I'm thrilled to invite you to explore why Universal Bookkeeper, Inc. could be the perfect next step for you. We're not just another accounting firm; we stand out by going above and beyond the conventional. Let me share five compelling reasons to join our innovative team: 1. Beyond Traditional: Forget being pigeonholed into just tax or audit; at Universal Bookkeeper, you’ll gain comprehensive experience across all facets of accounting for small businesses and non-profits. 2. Unique Culture: Our office culture is modern, fun, and always puts family first. We believe in creating an environment where everyone can thrive both professionally and personally. 3. Career Growth: We have a structured Accountant Progression Career Path that supports your development from an Entry-Level Staff Accountant all the way up to Controller level. Your growth is our priority. 4. Educational Support: We’re serious about your professional development. With tuition reimbursement and plenty of professional development opportunities, we invest in your future. 5. Flexible and Supportive Benefits: Enjoy the flexibility you need to balance work and life alongside competitive health benefits, with 75% of premiums employer-paid on the Single Plan. We’re building something special here at Universal Bookkeeper, and we want you to be a part of it. Interested in learning more? Let’s connect!

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Big changes are coming for California taxpayers. Prepare yourself for updates to net operating losses and business incentive tax credits with insights from our State and Local Tax Team 👉: https://lnkd.in/gXtZsuZ2 #CaliforniaTax #CaliforniaTaxUpdates #TaxIncentives #TaxCredits #NOLs

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Not only is NearSourcing your Accounting Department about 50% cheaper than staffing a traditional in-house one, our amazing Accountants find ways to add to their companies net income. Heres how: 💰 An accountant identified the correct accounting principles to apply to the business based on ASC 606 and recognized $2.2 million of revenue for a manufacturing company. 💰 An accountant realized that the materials purchased were being expensed instead of being capitalized on the balance sheet. The result was an improved gross margin and higher net income. $1.8 million added. 💰 An accountant identified large maintenance expense that should have been capitalized and this added to the net income. 💰 An accountant identified a trend of growing SG&A as a percentage of sales while the company experienced high growth. Management was looking at whole dollars, not as a percentage of sales. As a result, Management was able to right-size SG&A and this added to net income. The standard NearSourcing Accounting Solutions Package including two FULL TIME dedicated Accountants, a Controller and Accounting Manager, costs just $12,500/month. Learn More & Schedule your free consultation today: https://lnkd.in/gAwaxjYK #Outsource #Accounting #CPA #NetIncome #Finance #CFO #NearSourcing #NearshoreAccounting #FinancialAccounting #AccountingServices

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Learn how Scrubbed addresses the critical shortage of accounting and financial professionals in the U.S. labor market. Read more in the California Business Journal feature. https://hubs.ly/Q02G8xnV0 Schedule a call with our accounting and advisory experts. Click here: https://hubs.ly/Q02G8xrH0 #BusinessGrowth #FinancialServices #MarketSolutions #Accounting #Finance #GrowthPartners

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Is your business prepared for potential changes in California's business tax environment? 🏛️ Considering California's proposed changes to NOL deductions, tax credit limits, and apportionment rules, it's crucial for businesses to stay informed and proactive. California plans to suspend NOL deductions for incomes over $1M, cap business tax credits at $5M, and retroactively amend apportionment rules to address substantial budget gaps. These changes could lead to significant tax liabilities for affected businesses. Our SALT team is here to help you navigate these complex changes and optimize your apportionment to potentially reduce your California cash tax liabilities. Learn more: https://lnkd.in/g6fhBDDe #SALT #BusinessFinance #TaxCredits

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Impersonal and automated service is a thing of the past. When you work with Abacus Payroll, you get your own dedicated payroll specialist who knows your business inside and out. Visit our website below to learn more about Abacus Payroll’s dedicated payroll specialists and get started today. #AbacusPayroll #payroll #payrollspecialist #HR #humanresources #smallbusiness #business #businessowner

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CFOs/Controllers: Are you battling staffing gaps and difficult hiring in this still tight accounting and finance talent market?   Andrews & Cole consultants can fill those gaps, whether you need someone for 1 month, 3 months, or for a more extended period.   Our consultants are CPAs and MBAs with years of experience in Big 4/public accounting and as corporate CFOs, Controllers, and Accounting Managers, etc. And, there's no need to spend time and resources training our consultants; they've "been there, done that" and integrate seamlessly with your team. Here’s an example of one of our successful engagements: Client: Venture Capital Firm Cost Savings: More than 30% Our client initially engaged a resource from a national consulting firm but found their deliverables lacking. The consultant, who wasn't even local to the market, lacked accountability and the desired level of experience. At a rate of $250/hour, the client was overpaying for underperformance. That's when they turned to Andrews & Cole. We provided a consultant with 20+ years of experience in Venture Capital and Asset Management. Not only did our consultant possess the necessary industry expertise, but they also had a proven track record in developing and implementing processes, systems, and functions – a perfect match for the project requirements. And all at a significantly lower rate.   https://lnkd.in/eiNPftcV   #accountingconsultant #financeconsultant #CPA #consulting

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This is never a pleasant call for a #CFO or controller… It’s also the quickest way to anger your PE Sponsor… Asking for a cash infusion with positive #EBITDA numbers rarely ends well. Michael Sullivan & Stacy Galligan, CPA know how to avoid this situation. Check out our recent LI Live for more tips on DSO & #cashmanagement: https://hubs.ly/Q02FVxZ-0

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Pass-through entity (PTE) tax payments at the state level can yield federal tax savings, but the road to calculating and submitting them can be quite complex. Take California, for instance: California requires S corporations to pay 50% of the prior year's PTE tax paid or $1,000 (whichever is greater) by June 15th as an estimate. This setup can be particularly challenging for businesses like interior design firms, where income can vary significantly depending on project phases. Despite the intricacies, understanding and managing these state tax obligations is crucial for maximizing federal tax benefits. At Numbers for Design MN, we specialize in helping interior designers navigate these complexities, ensuring compliance while optimizing tax strategies. If you're grappling with similar challenges, let's collaborate on a tailored approach that fits your business . #PTE #TaxStrategy #InteriorDesignBusiness"

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Tax Day is here! If you've already filed, send me a copy of your tax return. We can look at specific strategies that may help your tax bill for 2024. Make sure you thank your tax preparers - they've been working hard! If you need some insights to prepare for next year, check out Chapter 4 of my book, Profit Not Loss. Conquer your taxes like a boss.  https://lnkd.in/gw84U5p6 #taxday #womanpreneur

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Thinking about hiring an accountant? Make sure to ask the right questions to avoid problems later. Check their qualifications, experience, and if they're a good fit for your needs. Read more on our blog: https://lnkd.in/guuvpRSP #Accounting #HireAnAccountant #BusinessTips #SmallBusiness #FinancialHelp

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Tax due diligence should cover the mapping of revenue accounts to the sales taxability matrices in sales tax engines, such as Avalara, when you are talking about software and Saas companies if the system was not mapped by a sales tax professional.

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