Helping business owners grow. 📈 We do: - Bookkeeping/Advisory🧑‍💼 - Financial Reports that actually help you increase profits 💸 - Tax Management to simplify business taxes and suggest strategies for savings 💰

A great way to get the day started. 🎸🎶

Back to the grind tomorrow. I hope your weekend was as good as it was for these guys!

FYI the IRS is has some disrupted systems right now, they're having trouble connecting the dots. If you get a tax notice, it might not be 100% accurate. Talk to your tax pro if you get one to figure out the best next steps. Fast support for situations like this is what we provide for our clients with zero extra invoices or charges.

To be valuable to an employer, be an outstanding problem solver. Don't give up when it gets hard and kick the problem back to your supervisor at your first opportunity. You may still hit roadblocks, you may need permission from your supervisor to dig deeper...go to them with a proposed solution to the problem or your plans for discovering a proposed solution. Get their feedback then get to work. This will set you apart from the crowd.

First baseball game is in the books. Proud father right here. Very fun night all around!

I think I want to stop using Chrome. It is so incredibly resource intensive for no reason whatsoever. What browser do you use?

A quick way for some businesses to increase their profits is to reduce the friction it takes to do business with their company. Make it as quick and easy as possible for your customers to check out, to sign up, to get what they need done. Pay extra for these systems to be great. Worth it!

If you own a business and live in a high tax state but you have sales or employees in low tax states, there may be some tax savings opportunities in allocating income on your tax returns to the proper state's appropriately. Talk to your accountant or tax pro about this to see how this can be carried out and how much you could save in taxes.

Current Music:

Basecamp 5 is very unhelpful. The massive change is kind of puzzling. In this age someone could vibecode a solution...and some folks are doing just that.

Quarterly Estimated Taxes are Due Monday, June 15th (one week). Business owners should form a plan to pay quarterly estimated taxes (or at least save for their taxes that will come due). Remember PROFIT is what is taxed, not owner draws. Paying quarterly estimates is better than just saving for taxes because they help you: - Avoid penalties (which rack up faster than you think) - Stay ahead of what you owe - Keep your cash flow steady - Reduce large unexpected tax bills

There is a business lesson here:

Fellow accountants (and anyone else) this is the scam some scammers are running: They'll schedule a meeting with you via your scheduler link with a spoofed email address from a reputable person who has a good online footprint. If you do a quick google search on them they'll pass the first test. Then, they'll ghost you on the meeting and you'll get an email about 7 minutes after the meeting is supposed to start that looks like the image below. Don't click on those links! That is likely a scam, phishing attempt, or an attempt at a trojan or ransomware software install. Take a mental note of the image below for if this happens to you:

> The best time to solve a problem is before it starts. > The second best time to solve a problem is right when you find out about it. The former gets the best results. The latter might take a really long time to resolve. Doing neither guarantees the worst results.

This:

Don't fall for this! This is a scam or a phishing attempt. Even if you have an E-Fax account, don't click on links from emails like this...the email address doesn't even have e-fax in the name. Best to log in to your E-Fax account to independently verify any email notifications.

If you're running an informational/educational youtube channel put some pauses in your videos. Youtube premium users aren't seeing any ads so you're sounding like an 8 page runon sentence. The AI slop is the worst for this. For the love of all that is good, take a breath.

I've been self employed for the last 16 years. My wife and I had no trouble getting a mortgage in 2021. IMHO, ability to get a mortgage hinges on three things: 1.) A lender that's willing to work with self-employed folks. If your lender is giving you trouble, find another lender, they're a dime a dozen. 2.) Competency and work ethic of your mortgage rep / broker Applying for a mortgage when you're self employed requires more steps. If your broker isn't up for the challenge, go elsewhere, they are also a dime a dozen. 3.) Your own financial organization. You'll have to supply 2 to 3 years of tax returns, business financial statements, business bank statements, and business credit card statements. All of these things need to match up. Your bookkeeping will need to have been done well and accurate... As well as your tax returns. If you're writing off every expense that you can get your hands on, such as tons of personal expenses, so that you can drive your tax liability down to zero by showing no income, then you will not be able to get a loan. Your tax returns in this case are wrong at best, and tax fraud at worst. Don't blame the broker or the lender for your shortcoming in this area (too many self employed people do this on many levels). Also, if your business' bookkeeping is a dumpster fire, OR you're several years behind on filing tax returns, OR you don't submit all of the data asked of you to the broker/lender, they are not going to move your deal forward expediently, or at all. I hope this helps!

Trillion dollar question?

My firm does the accounting for a lady that makes incredible money. She is a top of the line realtor. How did she get there? She takes full charge of every listing, cleans up the house if needed, get's the yard spruced up, uses a fancy photographer, pays for it all. You won't find a harder worker. There are no shortcuts.