Jay Munoz’s Post

Papers overflowing the table, instructions that sound like another language, and that nagging feeling you forgot something crucial – taxes can be a real struggle! We all know the feeling – the monstrous pile of forms that seems to multiply overnight. Deductions? Are those gym shoes really a business expense? The line between personal and professional spending can get blurry faster than you can say "itemized deduction." Let's face it, taxes are no walk in the park. But hey, you're not alone! We've all been there. By sharing your struggles, we can navigate this financial maze together. - Invest in your business success! Contact us for a free bookkeeping consultation. 914.831.9277 |https://lnkd.in/e5DZF2yz . . . . #karposgroup #karposandassociates #smallbusiness #success #accounting #accountant #accountingservice #advisor #bookkeeping #business #businessowner #CEO #CFO #CPA #entrepreneur #finance #financialplanning #investing #investor #money #smallbusinessowner #startup #success #taxes #taxseason #taxprep #taxpreparation #wealth #taxplanning

Nobody knows for sure what will be in the #budget on October 30th but all signs are pointing to bad news for #CapitalGainsTax - read our latest blog on why a #MembersVoluntaryLiquidation can help entrepreneurs beat the budget - https://bit.ly/3WDT5ib #MVL #CGT

As a Business Owner/Company Director you need to look at how you can earn better returns for your surplus cash while also reducing the tax burden. Consider the following factors when deciding on what to do with the current surplus that your company holds and for future surplus cash flows that maybe generated; How much am I willing to invest? Access to funds – Cash flow planning is crucial to understand how much surplus cash your company has available for investment, along with your future expected earnings. Time horizon – How long are you looking to invest for Risk Profile – the level of risk your company is willing to take Click here to read more >>> https://lnkd.in/gS95zcg7 #businessowner #entrepreneur #savings #investments #corporatesavings #ad #financialplanning #taxplanning #riskprofile

Your passion isn't waning, You just don't have any money! I know you love what you do. Your vision is crystal clear. And you're ready to launch it to the world! But succeeding in business is about more than having a brilliant idea. You need to understand the finances, too. So before jumping into the deep end, invest in some financial education. See an accounting advisor and spend time wrapping your head around the numbers. Create a solid plan for moving forward and cement your organisational processes. By doing this, you'll know where your money is and actually hold onto profit. You'll be able to grow your business without getting tripped up by cashflow problems. Like the inability to pay a bill or spending money that should go to Inland Revenue. Which could prevent you from paying yourself and your employees! So get advice early and prioritise the numbers. It will reduce stress in the long run and turn your passion into profit.

Your passion isn't waning, You just don't have any money! I know you love what you do. Your vision is crystal clear. And you're ready to launch it to the world! But succeeding in business is about more than having a brilliant idea. You need to understand the finances, too. So before jumping into the deep end, invest in some financial education. See an accounting advisor and spend time wrapping your head around the numbers. Create a solid plan for moving forward and cement your organisational processes. By doing this, you'll know where your money is and actually hold onto profit. You'll be able to grow your business without getting tripped up by cashflow problems. Like the inability to pay a bill or spending money that should go to Inland Revenue. Which could prevent you from paying yourself and your employees! So get advice early and prioritise the numbers. It will reduce stress in the long run and turn your passion into profit.

𝗠𝗼𝗿𝗲 𝗧𝗵𝗮𝗻 𝗝𝘂𝘀𝘁 𝗠𝗼𝗻𝗲𝘆 💼 Capital isn't merely a stack of cash; it's a concept rooted in accounting principles and financial management. Learn how this construct influences business decisions and drives economic growth. What does capital mean to you in your professional endeavors? Share your perspectives below! https://ayr.app/l/uf88 #entrepreneurship #money #taxes #consultants #finance #accounting

Think hiring an accountant is a luxury? Think again! 🧮 The right accountant is more than just a numbers person—they’re an investment in your business's future. An accountant helps you: 🔹 Maximise Deductions: They know exactly where to find tax savings you might miss, keeping more cash in your pocket. 🔹 Save Time: With someone managing your books, you can focus on growing your business—not getting buried in spreadsheets. 🔹 Avoid Costly Mistakes: Errors can lead to hefty fines or lost income. Accountants help you avoid these pitfalls with proactive advice. When you consider the time, money, and stress they save, it’s clear: you can afford an accountant—and the ROI speaks for itself. 💼📈 #SmallBusiness #Finance #Accounting #Entrepreneurship #ATPAccountancy

Good news: Budget 2024 introduces a founder capital gains incentive and increased lifetime capital gains exemption (LCGE) of $1.25 million so entrepreneurs will have a combined exemption of at least $3.25 million when selling all or part of shares of a business. Bad news: the capital gains inclusion rate increases to 2/3.

Nobody knows for sure what will be in the #budget on October 30th but all signs are pointing to bad news for #CapitalGainsTax - read our latest blog on why a #MembersVoluntaryLiquidation can help entrepreneurs beat the budget - https://lnkd.in/eZNkpbYi #MVL #CGT

Embarking on the journey of setting up a Limited Company? Here's your comprehensive guide to getting started: 1. Choose Your Structure: Decide whether a Limited Company is the right fit for your business goals and needs. 2. Name Your Company: Select a unique and memorable name for your company, ensuring it complies with legal requirements. 3. Register with Companies House: Complete the necessary paperwork and register your company with Companies House, the UK's registrar of companies. 4. Appoint Directors and Shareholders: Determine who will be the directors and shareholders of the company, outlining their roles and responsibilities. 5. Draft Articles of Association: Prepare the company's articles of association, which define its internal rules and regulations. 6. Obtain Necessary Licenses and Permits: Depending on your business activities, you may need to obtain licenses or permits to operate legally. 7. Set Up A Business Bank Account: Open a separate business bank account to manage your company's finances effectively. 8. Register For Taxes: Register your company for taxes, including corporation tax, VAT (if applicable), and PAYE for employees. 9. Keep Records: Maintain accurate records of company finances, transactions, and other relevant information. 10. Stay Compliant: Stay up-to-date with legal and regulatory requirements, filing annual accounts, and confirmations statements on time. Remember, setting up a Limited Company involves various legal and administrative steps. Want to find out more information? Visit our website at www.protaxplus.co.uk to find out more information! #limitedcompany #businesssetup #entrepreneurship #businessowner #accountant