Travis Waite

Has your CPA ever told you that you have too much profit? It sounds like a good problem to have, but you could be saving thousands by strategically allocating those funds. Find out more on this week's episode of Kaizen Time.

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Has your CPA ever told you that you have too much profit? It sounds like a good problem to have, but you could be saving thousands by strategically allocating those funds. Find out more on this week's episode of Kaizen Time.

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This time of year I often hear that CPA’s like yourself are starting to ask themselves some tough questions. As we enter into the final months of the year, you may be looking at your profitability and wondering what you can do to kick it up a notch before December 31st. And what you can do after we celebrate the new year to continue adding to your income this year and beyond.

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Can you speed read? It's a valuable skill to develop as you're prepping to write for the CFE. Learning to read faster can be a huge help, as it can save you time that can be used for planning and writing your case response. Read our blog to learn four techniques you can begin using right now to help increase your reading speed: https://bit.ly/3X4Lauv

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Attention Everyone! Just a reminder that the deadline to submit your paper tax return is October 31, 2024. Don’t let procrastination cost you! Here are some key tips to avoid fines. Stay ahead and file your taxes on time to avoid any penalties! If you have any questions, feel free to ask. https://lnkd.in/eFc6g6nT #TaxTips #DeadlineReminder #taxreturn

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Not able to join us this week at the OSCPA Annual Members Meeting? Get a sneak peek into what we're learning today from Raychel Clark, CPA, including: 💼 Identifying personal ideas of acceptable work life balance and how those are being communicated to employees 🔬 Examine how employees’ ideas of work life balance might differ, given different circumstances 🧱 Build a specific plan that includes everyone Learn more and get some insights directly from Raychel's now on our website: https://hubs.la/Q02CxHJr0

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We know taxes aren't easy. That is why Padgett Services are different. Whether it is helping you gather documentation for an audit or just responding to a letter from the CRA, we're here to help. Learn more on our website https://lnkd.in/ek92EK9Z #PadgettYYC #Braggcreekshops #smallbizpros #accounting #tax

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There's a lot to consider with the recent capital gains changes, and Gagan Sivia, CGA, CPA, CFP has put together some thoughts on what your next steps could look like. Here are a few things to consider: 1. Can you sell before June 25th? And if so, does the math work in your favor? 2. How will your situation be impacted? 3. Can you pivot to active business income, and is it worth it? Remember to seek your own independent legal/financial/personal advice, but this opinion may validate your concerns and thoughts. Happy reading! https://lnkd.in/exXiTe-u

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The tax season can be overwhelming for small-business owners, but fret not as there are 6 tax-saving opportunities you shouldn't miss out on, especially if you have 1–49 employees. Here's how you can save big: 1️⃣ Amend 2021 Returns: You could potentially claim up to $32,220 in federal tax credits for sick/family leave by filing amended returns. 2️⃣ Section 105 Plan: Secure deductions for 2024 and beyond by reimbursing expenses monthly through this plan. 3️⃣ Set Up a QSEHRA: Implement a QSEHRA promptly to avoid $50/employee penalties. 4️⃣ Consider an ICHRA: Explore the flexibility of an ICHRA for enhanced coverage options. 5️⃣ S Corp Health Insurance: Deduct premiums by paying/reimbursing them before Dec. 31 and reporting on your W-2. 6️⃣ Group Health Insurance Tax Credit: Qualify for a 50% credit on employee premiums in 2024 or prior years. 📞 Need assistance navigating these opportunities? Reach out for guidance and support! https://lnkd.in/dHVYBpEf

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If you’re a business owner, make sure you or your CPA files your BOI report by December 31, 2024 to avoid any penalties! My CPA is doing this for me, and yours should be too! If you don’t have a CPA - that’s a conversation for another day 🤨 - but you are able to file this report yourself. I just submitted everything for it today, but better late than never 🙃. Is your BOI report filed yet? #businessowner #cpa #BOI

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RCAShorts: Season 4, Episode 3 features Amy Dunn from Ryan & Wetmore, PC, a full service CPA firm providing tax, audit and advisory support to governments contractors. Steve Coppinger sat down with Amy, who is a power networker. Before tuning in, can you guess how many business cards Amy has on her desk? Let us know in the comments below- over or under 1,000 business cards?

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Check out some of the most common bookkeeping mistakes made by small business owners. It is never a bad time to partner with a professional!

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😜Monday Finance Tip: Reconcile Your Accounts! Start the week on the right foot by reconciling your accounts. Regularly matching your bank statements with your records helps catch discrepancies early and keeps your books accurate. Need support with account reconciliation? Our team is here to ensure your finances stay balanced and stress-free. #BusinessTip #Lifehack

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Missed the October 31 deadline and wondering what happens if you lodge late? Don't despair, we can help you get up to speed with your tax obligations. It's never too late. Visit https://bit.ly/40rGgLz to find out how H&R Block can help complete your outstanding tax returns. #HRBlock #HRBlockAU #TaxConsultant #TaxAccountant #TaxAgent #TaxRefund #TaxReturn #MissedTaxDeadline #TaxDeadline #OverdueTaxReturn

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