Anna Felix

🚀 Top 5 Bookkeeping Tips Every Small Business Owner Needs to Know! 🚀 https://lnkd.in/g7tcFBah https://lnkd.in/gqy-5fnf Avoid tax season headaches and penalties by focusing on these game-changing tips: 🔍 Keep Detailed Records: Stay organized with meticulous records of all transactions. Accuracy is key! 🏦 Separate Business and Personal Finances: Use distinct accounts for business to ensure clear, clean bookkeeping. 💻 Use Accounting Software: Leverage technology to automate and streamline your financial tracking. It’s a game-changer! 💡 Claim All Allowable Deductions: Know your deductions to maximize savings and reduce your tax bill. 🧑‍💼 Outsource When It Gets Tough: Don’t hesitate to hire a pro when bookkeeping gets overwhelming. Expertise can save you time and money. Stay ahead of the game and keep your business penalty-free by focusing on these critical points. Proactive bookkeeping is your ticket to a smooth tax season! 💼📊 #SmallBusiness #Bookkeeping #TaxSeason #BusinessTips #FinancialSuccess #Entrepreneurship

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Are you ready to elevate your tax preparation skills and better understand complicated tax law and how to apply it in practice? Our Tax Toolbox seminar in Concord on September 24 is the perfect opportunity for you! Join us to: - Deep dive into the daily issues that challenge your practice, equipping you with practical tools and knowledge - Explore complex legislation and ever-changing regulations to stay ahead of the curve - Immerse yourself in an in-depth experience that unravels the intricacies of practical tax issues - Enhance your skills, expand your professional network, and gain the confidence to tackle any tax scenario Topics Covered: - 1031 Exchanges of Real Estate - Tax Stuff You Thought You Knew - Stock Options - K-1/K-3 Secure your spot today and be ready to transform your practice: https://lnkd.in/eXFEchas #Taxes #Tax #CPA #TaxLaw #Concord

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📢 Calling all Business Owners and Entrepreneurs! 📢 Join me for an informative webinar: "Bookkeeping Foundations: Unlock the Secrets to Business Success" 📊 📅 Date: Wednesday, July 3, 2024 🕒 Time: 10 AM Ready to master the financial side of your business? This webinar will give you the essential bookkeeping knowledge you need to thrive. 👩‍💼 Who Should Attend: Small business owners Entrepreneurs Anyone looking to enhance their financial skills 🔍 Key Takeaways: Business Fundamentals: Learn the key principles that underpin successful businesses. Bookkeeping Key Terms: Simplify and understand essential bookkeeping concepts. Crucial Numbers for Business Success: Identify and leverage the 7 key metrics critical to your business growth. This is your chance to gain practical insights and strategies to improve your financial management and decision-making significantly. 📌 You can find the registration link in the comments or scan the QR code. I'm looking forward to sharing these valuable tips and helping you succeed.

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A trusted partner is one who attaches mutual respect, accountability, and success to the relationship – We value our trusted partners and want to give them a special shout-out. Check them out here: https://lnkd.in/dtyTdZit #salestaxadvisorynetwork #salestaxlady #hollyhoffman

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A trusted partner is one who attaches mutual respect, accountability, and success to the relationship – We value our trusted partners and want to give them a special shout-out. Check them out here: https://lnkd.in/dtyTdZit #salestaxadvisorynetwork #salestaxlady #hollyhoffman

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Entrepreneurs Conducting Charitable Work: Structure it Right If you're an entrepreneur looking to directly carry out charitable initiatives through your business, the proper structuring is crucial for maximizing tax benefits. Here's what you need to do: Establish two separate entities - a for-profit business to generate income and a 501(c)(3) nonprofit organization for your charitable operations and fundraising activities. Go through the official process of creating a 501(c)(3) nonprofit, which is the IRS code designating tax-exempt status for charitable organizations. Have your for-profit business make direct donations to your nonprofit entity. Do not take profits out first as an individual before donating - this creates additional taxes. By having the for-profit entity donate profits straight to the nonprofit, you can obtain valuable charitable deductions when filing taxes. This strategic setup allows you to seamlessly blend your for-profit business with your nonprofit charitable mission, while maximizing the tax advantages available to you as the owner. Get it right from the start - keep your for-profit and nonprofit operations formally separated yet directly linked through proper donations for the ultimate tax-wise structure. #SocialEntrepreneurship #501c3 #NonprofitStructure #ForProfitNonprofit #CharitableGiving #TaxDeductions #IRSregulations #DualEntities #TaxStrategyTips #BusinessCharity #StartupPhilanthropy #blackcpa #africanamericancpa #businessmanager #virtualcfo #taxbrackets #blackbusinessmanager #fractionalcfo #cpa #africanamericancpa #africanamericancfo #africanamericanaccountant #blackaccountant #blackownedcpafirm #blackownedaccountingfirm

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What department in your business do you spend the least amount of time on? Odds are high it’s your customer service representatives. Am I right? ✅ Guess what though, when those CSR people feel neglected, they don’t want to stay. That might be why you are constantly having to rehire for that position. 🧑‍💼 Brigham Dickinson trains CSRs to book calls and wow customers over and over and transforms that department into a high revenue producing machine! To find out what he does differently, listen to his full episode below! 🔽🔽🔽 #SmallBusinessSuccess, #HomeServiceTraining, #CustomerServiceTraining, #CSRTips, #ConvertMoreClients, #AdConversion, #ProfitFirstStrategy, #TeamImprovement, #EmployeeRetention, #TreatThemWell

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Transform your financial strategy with these simple tips! 💵 By setting a clear budget, creating an emergency fund, and seeking personalized guidance, you'll be on the right track to effective financial management. 🚀 For extra tips and direct support, send me a message! #financetips #moneymanagement #financialplanning #orlandoflorida

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💡 Imagine empowering your clients to be able to answer questions on their own like... - Did the IRS get my tax return (or payment)? - Where's my refund? - What is my current estimated payment balance? - Am I potentially being audited? - Did the IRS resolve the issue I hired you to resolve? - What is my historical taxable income trend for the last 10 years? 📑 This list goes on and on with TaxNow tools like Alerts, Documents, and Tax History. Keep routine, repetitive client questions out of your inbox so that you can focus on the hard stuff you do best! 🤓 Is your firm working smarter and not harder???

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Maximizing Tax Benefits: How Entrepreneurs Can Deduct Charitable Donations For entrepreneurs running both a for-profit business and a nonprofit organization, proper structuring is key to maximizing your charitable deductions at tax time. Here's how it works: Have your for-profit entity directly donate profits to your nonprofit. This allows you to claim the charitable deduction as a benefit. If your for-profit business is a pass-through entity like an LLC or S-Corp, the donation is not deductible at the business level. However, it will pass through as a deduction for you and any other owners/shareholders on your individual returns. For example, say your for-profit business has $100,000 in net income with two equal owners. Donating that full $100,000 to your nonprofit does not reduce the business's $100,000 profit. But each individual owner can then deduct $50,000 on their personal tax returns. This strategic setup lets you maintain your for-profit profits while maximizing the tax deduction for charitable giving through your nonprofit donations. No more missed opportunities - make sure you structure it properly from the start. With the right approach, entrepreneurs can reduce their individual tax burdens by generously supporting their own nonprofit causes through smart for-profit/nonprofit integration. #EntrepreneurTips #NonprofitStructure #PassThroughEntities #CharitableDeductions #ForProfitNonprofit #TaxPlanning #TaxSavings #StartupPhilanthropy #SocialEntrepreneurship #GivingBack #blackcpa #africanamericancpa #businessmanager #virtualcfo #taxbrackets #blackbusinessmanager #fractionalcfo #cpa #africanamericancpa #africanamericancfo #africanamericanaccountant #blackaccountant #blackownedcpafirm #blackownedaccountingfirm

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