Turner Business Soutions

If you're trying to do business in another state, there's a good chance you've been asked this question! So... what does it mean to be in good standing with your state? Generally, it means you’ve filed all required reports, paid all required fees and taxes, and don’t have any open disputes. ☑️ 🧐 Need to prove it to someone? You can order a Certificate of Good Standing from your Secretary of State's website. . . . . . #Missouri #Texas #Georgia #Illinois #Kansas #Arkansas #Iowa #Tennessee #Mississippi #NorthCarolina #TurnerBusinessSolutions #TBS #Accounting #CFO #PayrollExperts #FinancialConsulting #AuditSpecialists #Accountant #CPA #ScaleWithTBS #EntrepreneurshipSupport #BusinessMadeSimple

Did you know you could have money sitting in an account somewhere that you've completely forgotten about? 🤯 And there's an easy way to find it! 🔍 Go to unclaimed.org to search for unclaimed property in your name. PRO TIP: Enter your state to help narrow down search results! . . . . . #Missouri #Texas #Georgia #Illinois #Kansas #Arkansas #Iowa #Tennessee #Mississippi #NorthCarolina #TurnerBusinessSolutions #TBS #Accounting #CFO #PayrollExperts #FinancialConsulting #AuditSpecialists #Accountant #CPA #ScaleWithTBS #EntrepreneurshipSupport #BusinessMadeSimple

Because of their years of experience and education, you trust your lawyer and dentist to know how to do their job... so why is it any different when it's your taxes?! 🤨 For one of the biggest expenses you'll have in your lifetime, working with a great tax accountant can give you peace of mind that you're only paying the amount you owe (and not a penny more!). 💸 Visit turnersolves.com to set up a consultation! . . . . . #Missouri #Texas #Georgia #Illinois #Kansas #Arkansas #Iowa #Tennessee #Mississippi #NorthCarolina #TurnerBusinessSolutions #TBS #Accounting #CFO #PayrollExperts #FinancialConsulting #AuditSpecialists #Accountant #CPA #ScaleWithTBS #EntrepreneurshipSupport #BusinessMadeSimple

If you have a 401(k) through your employer, listen up! Generally, 12/31 is the deadline to contribute to your retirement plan. So, how much can you contribute? For individuals under 50, you can contribute up to $23,000 in 2024. If you're over 50, you can make an additional $7,500 in catch-up contributions. But, time is running out to do this! Check with your HR department to confirm your company's retirement plan rules. . . . . . #Missouri #Texas #Georgia #Illinois #Kansas #Arkansas #Iowa #Tennessee #Mississippi #NorthCarolina #TurnerBusinessSolutions #TBS #Accounting #CFO #PayrollExperts #FinancialConsulting #AuditSpecialists #Accountant #CPA #ScaleWithTBS #EntrepreneurshipSupport #BusinessMadeSimple

LEAVE THESE IN 2024 ⤵️ 1️⃣ Waiting until April to start worrying about your tax filing. The earlier you file, the sooner you can get your tax refund! Even if you expect to owe, filing as soon as you have all your documents together is much less stressful than scrambling at the last minute. 2️⃣ Leaving tax planning to the ultra-wealthy. Tax planning is for EVERYONE! Whether it's setting up a college savings account, saving for retirement, or opening a new business, consulting with your tax accountant can help you save! 3️⃣ Listening to all of the tax advice you see on social media. Not only can social media tax advice often be misleading, but there are a lot of nuances to tax law that depend on your facts and circumstances. Working with a qualified tax accountant who understands your tax situation is the best solution! . . . . . #Missouri #Texas #Georgia #Illinois #Kansas #Arkansas #Iowa #Tennessee #Mississippi #NorthCarolina #TurnerBusinessSolutions #TBS #Accounting #CFO #PayrollExperts #FinancialConsulting #AuditSpecialists #Accountant #CPA #ScaleWithTBS #EntrepreneurshipSupport #BusinessMadeSimple

Unless you're giving over $18,000 to an individual (or $36,000 if you're married) this year, you probably don't need to worry about the gift tax. 🎁 This amount is the 2024 gift tax exclusion! And I want you to know two things if you're giving OVER this amount: One, I want to be on your gift list! And two, you'll want to talk to your tax accountant to determine whether a gift tax return needs to be filed. Follow @turnersolves for more helpful tax tips + tricks! #Missouri #Texas #Georgia #Illinois #Kansas #Arkansas #Iowa #Tennessee #Mississippi #NorthCarolina #TurnerBusinessSolutions #TBS #Accounting #CFO #PayrollExperts #FinancialConsulting #AuditSpecialists #Accountant #CPA #ScaleWithTBS #EntrepreneurshipSupport #BusinessMadeSimple

Here's what I mean by can your business *afford* something: While you might have the cash available in the bank at this EXACT moment to pay for a purchase, will this cash outflow throw off your cash flow? 💵 Negative cash flow can be a business killer, and if you aren't positive that you can comfortably afford a new purchase, it's time to invest in an accountant. Click the link in our bio and let's set up a consultation today. #Missouri #Texas #Georgia #Illinois #Kansas #Arkansas #Iowa #Tennessee #Mississippi #NorthCarolina #TurnerBusinessSolutions #TBS #Accounting #CFO #PayrollExperts #FinancialConsulting #AuditSpecialists #SmartFinancialSolutions #SmallBusinessFinance #ScaleWithTBS #EntrepreneurshipSupport #BusinessMadeSimple

There are a TON of perks that come with self-employment, but SE tax isn't one of them! 👉 Swipe to learn more about your responsibility for this tax. If you're feeling bummed about paying self-employment tax, don't forget this: you can deduct 50% of your SE tax liability each year! Have a question about SE tax? Let's chat! 📲 #Missouri #Texas #Georgia #Illinois #Kansas #Arkansas #Iowa #Tennessee #Mississippi #NorthCarolina #TurnerBusinessSolutions #TBS #AccountingExcellence #CFOOnDemand #PayrollExperts #FinancialConsulting #AuditSpecialists #SmartFinancialSolutions #OutsourcedFinanceExperts #SmallBusinessFinance #ScaleWithTBS #EntrepreneurshipSupport #BusinessMadeSimple #FinancialFreedom

🥳 It's time to start planning your company holiday party, and here's what you need to know to keep things tax-deductible: Make sure your holiday party is open to, and primarily for the benefit of, all employees (not just executives). Don't forget to keep receipts documenting the date, time, location, amount, attendees, and purpose of your holiday party expenses. 🧾 And last, but certainly not least, make sure your expenses would not be considered extravagant or lavish. 🤑   When in doubt, consult with your tax accountant to keep everything on the right track!

Picture this: you’ve worked incredibly hard to provide your goods/services to a new customer and it’s time to get PAID... but you aren’t 100% sure how to create a professional invoice! The last thing you want to do is send a confusing invoice that leaves your customer unsure of how much, when, or how to pay you. 😵💫 Comment "FREEBIE" to get your copy of my Invoicing 101 guide! Inside you'll learn more about which types of businesses need to send invoices, what to include, how to follow up on overdue payments, and more invoicing best practices. 💰