3-0, Not a bad start.

🍁Enhance your Ranch with custom Farm signage. Let us help you showcase your property with style and durability. 🌲#Ranch #ranchlife #ranchsignage #rockladytx

Fractional CFO by Day and wife’s stone signage mover by Night…Golf Markers Anyone?

📢 One Big Beautiful Breakdown of the One Big Beautiful Bill 📢 A monster thread of the most relevant parts of the newest tax law:

Check out my latest article: 💡 Why More Growing Businesses Are Turning to Fractional CFOs linkedin.com/pulse/why-more-… via @LinkedIn

Some of the good folks that came to our Dealonomy SMB meetup at Top Golf in Houston today. 🏌️‍♂️

Building a Scalable Business Model linkedin.com/pulse/building-…

Scale smart 📈 Read on LI linkedin.com/posts/brad-john…

🚨BOI UPDATE!!🚨 Did you miss me? Be honest! Consistent with the prior announcement from @USTreasury, today FinCEN issued an interim final rule that removes the requirement for U.S. companies and persons to make beneficial ownership filings under the CTA. Note that the law will still apply to foreign entities, and updated rules to apply to them are still pending. That said, several congresspersons who supported the CTA have begun heightening their demand for @USTreasury unilaterally revising the rules through procedures that they claim do not comply with the CTA as passed by Congress. In other words, new challenges that try to enforce the rule as originally issued could be coming! But for now, suffice it to say, BOI reporting continues to be, at best, dead on arrival for US companies, and at worst, unenforced pending further developments in this wild ride. I'll keep you posted as more updates come!

Your friendly reminder that partnership tax returns are due today!! If you’re behind (like I am), most online filing services (like @turbotax) allow you to file a 6 month extension for free. Takes about 2 minutes with name, address and EIN.

Tax Credits vs. Tax Deductions Knowing the difference, how they work, and which ones are available to you can save you thousands on your tax bill Tax Credit: A dollar for dollar reduction to your tax bill (Note; Some tax credits are refundable, meaning they can reduce your tax bill below zero and result in a refund. Others are nonrefundable, meaning they can only reduce your tax liability to zero but won’t generate a refund). Example: If you owe $2,000 in taxes, and you have a $1,000 tax credit, you now owe $1,000 in taxes. Common Tax Credits: Child Tax Credit, Earned Income Tax Credit, Foreign Tax Credit, Lifetime Learning Credit Tax Deduction: Lowers your taxable income, which in turn reduces the amount of tax you owe. The actual tax savings depend on your tax bracket. Example: You have $100,000 in gross income, but you have $30,000 in deductions, your taxable income is now $70,000 and you are taxed on that $70,000. Common Deductions: Qualifying Medical Expenses, Charitable Giving, Mortgage Interest, Property Taxes The standard deduction makes tax filing easier for people without many itemized deductions. The standard deduction for 2024 is $14,600 for single filers and $29,200 married filing jointly. Itemizing deductions is only beneficial if your total itemized deductions exceed the standard deduction. Important to know the difference between the two and how they can impact your financial life.

🚨Important BOI Update🚨 We’ll unpack this more when I’m not out at dinner a margarita in…but it looks like @USTreasury announced that the CTA fines and penalties as they currently stand will NOT be enforced. Further, it sounds like they may be updating the rules to narrow the scope of applicability for foreign owned LLCs, which would obviously relieve a lot of the regulatory burden on American small businesses. Stay tuned for more as we unpack more from this announcement!

Sterling’s Law of Finance Bros: The more someone talks about Excel keyboard shortcuts and how complicated their spreadsheets are… The more likely they are to be completely incompetent when it comes to understanding how a business works or structuring a deal.

Not sure who needs to hear this… but keep plugging. Keep selling. Work smart, work hard, and it will pay off. 💪🚀

3/21 everyone…3/21!!!

Talking to business owners, I see this mistake all the time: They think raising prices will scare customers away. One owner was hesitant—until he saw what happened next… 🧵