In many ways, year-end couldn’t come at a worse time. As if December holiday crazymaking wasn’t enough, as a business owner you’re also responsible for compiling an entire year’s worth of reporting data into comprehensible form for your accountant, with enough time to spare to make proactive decisions that will improve long-term profitability. No pressure. A proactive bookkeeping system can help lessen the load this time of year because you’re… Read More
Archives for December 2023
Achieving Positive Cash Flow For Your Atlanta Business’s Health
Crazy to think there are only two more weeks until Christmas and only three more weeks left of 2023. There’s a lot of joy still to be had and opportunities for your Atlanta business to increase revenue On the other side of that coin, though, rising costs and the Fed’s interest rate hikes have made it extremely difficult for some businesses to stay afloat. Inflation alone has negatively affected the… Read More
Winning! 2023 Tax deductions on both Business & Personal Vehicles
The presents are open, your in-laws are gone, and the tree is out at the curb. Have you forgotten anything? Yes. It’s time to focus on the fine points of end of year tax planning, such as how your existing vehicle can produce last-minute. Would you like 2023 tax deductions with one of these five strategies on both business AND personal vehicles. Is your child or spouse driving your old… Read More
Should I Invest in Art? Can I deduct it?
For anyone expecting a big return on the signed print they bought online, know that a mere one percent of all artists generates more than half of all artworks sold globally. While there is no way to ascertain the next big thing in art, and no guarantee of a positive return, many high-net-worth individuals enjoy the status and satisfaction they receive for supporting the art world. The Pros: Art investment… Read More
How to make Recreational Gambling Less of a Gamble
You’ve heard the expression “the house always wins” when it comes to gambling, and usually the IRS wins more often than it loses as well. If you’re a gambler, particularly if you’re a high roller, you need to We can help you use every deduction you’re entitled to with a free Discovery Session. Just visit New Client Application or https://calendly.com/d/46r-49m-93k/10-minute-intro-call. become a gambling bookkeeper. For non- professional gamblers, winnings are “above-the-line” taxable…. Read More
Important Tasks For Your Atlanta Business’s Year-End Payroll
The end of the year, that is. That means that for your Atlanta business’s financial reporting, this is go time. Now that we’re into December, time is short to take care of your year-end accounting. This is something we specialize in so be sure to get on our calendar to set up your EOY bookkeeping clean-up:https://calendly.com/d/46r-49m-93k/10-minute-intro-call Making time to look at your books before January 1 allows us to help… Read More