I have been checking the New York Times Morning Briefing daily as well as my online accounting and business newsletters, the IRS and NYS website, et al, to see what’s going on with our country, our government, our economy, taxes and of course, the Coronavirus. Here’s the link for today’s NYT briefing My team and I have also been researching valuable resources for loans, grants, and best health and business… Read more
It’s been exciting to see how several of our clients were able to save some serious dollars and reduce or eliminate their fourth quarter corporate and individual tax estimates by instituting Year-End Micro Tax Minimization Plans. We will be rolling up our sleeves again in January to start working on full blown plans for the 2020 tax year. Click through to see a blog and video on the process and…… Read more
We have worked with several of our clients to set up tax minimization plans which have saved them thousands of dollars. As the year-end approaches, many strategies are no longer a good option, but there is still time to set up your “MICRO Tax Minimization Plan” which will certainly minimize your taxes and possibly eliminate your fourth quarter tax estimate. This video will help you understand the difference between tax… Read more
I’m on the road again enjoying sharing insights from the specialized industry accounting conference I am attending. Today’s takeaways started even before we reached the registration desk, where I introduced Elizabeth Spradley, our firm’s accounting manager to some of the returning attendees and conference administrators. They continued as we participated in the day’s workshops and on through the welcome reception. Here are my highlights and takeaways from Day 1 of… Read more
I hope you enjoyed my photos and takeaways as much as I enjoyed sharing with you. Please do send feedback if these tips have resonated with you. Please share in the comments if and how you have implemented them in your firm/business/practice, I hope you can tell from these photos that I have taken “selfie” taking lessons. Andrea & Ivette You can be an inspiration to your accountability coach when… Read more
I hope you are enjoying my photos and takeaways, please do send feedback if these tips have resonated with you. Please share in the comments if and how you have implemented them in your firm/business/practice, but do not judge me by my “selfie” taking ability, I do feel I am getting better. Conference Day 2 takeaways started as soon as I finished my morning workout: Peloton Bike at the Hotel… Read more
I hope you were able to watch the vlog I posted last week. In the video I discuss how we “create time” by eliminating or reducing administrative tasks through our technology bundle. Here is the link to watch in case you missed it. I hope it inspires you to take action I wanted to follow along on the same theme of creating time, to give you an excerpt from our… Read more
It’s called DISCOVERY because that’s when we get to ask the questions…. WHO – are we focusing on your personal or business goals or challenges or all of the above WHAT – are those goals or challenges, let’s not focus on a solution “I need to set up a retirement plan”. Let’s focus on the goal “I would like to be able to retire in XX years and be able… Read more
Do you feel like you are paying too much tax? Yes I know that almost everyone feels that way, but what if you are, and can do something about it… Right now our office is working on several tax plans that utilize: • capital gains planning • entity selection • income shifting • tax deferrals • charitable giving strategies • accountable plans • & more These proactive plans are saving… Read more
The Tax Cuts & Jobs Act has created new limits on the business meals and entertainment deduction. This limits the employee meals deduction to 50% and eliminates entertainment deduction entirely. Understandably a hot topic, getting value out of the meals is the subject of this morning’s article published the Journal of Accountancy: 8 Tips For Making the Most of Business Meals https://www.journalofaccountancy.com/newsletters/2019/sep/business-meals.html Their tips for getting the most out of… Read more
I love what I do, but I also know that it is important to consider my expected lifestyle and cash flow needs once I am retired (is that even an option). My husband and I are in agreement that an investment in real estate should be considered/included in our portfolio when building your retirement portfolio, if for no other reason than there are benefits of this type of investment for: long… Read more
“It’s summertime and the livin is easy”, but business is not always so. Even though your business may be doing well, now is a good time to evaluate your business processes and reflect on your recent business challenges. In our office we view challenges as opportunities, we evaluate the “pain points” to create a more successful business model. In this video, I compare my garden to a business and the… Read more