Prosperl CPA | Accounting Blog

You’ve worked hard during the last few decades building and maintaining your business, and now it’s time to sell it off, relax and enjoy the fruits of your labors. You don’t want those years of work going up in smoke through long term capital gains taxes on the sale, though. What’s a business owner to do? You will be subject to a capital gains tax rate of, currently, 0%, 15%… Read More

Profit is the lifeblood of any organization.  Show me a small business with PROFIT at its center, and I’ll show you something worth modeling yourself after. An organization NOT to model yourself after: the federal government. They prefer to operate in deficit mode, narrowly avoiding yet another shutdown this weekend with a temporary funding bill that expires around Thanksgiving. So stay tuned for more drama on that front. Meanwhile, I’d like… Read More

October is right around the corner. So is the October 15th extension deadline. And so is the fourth quarter for your Atlanta business. As we approach Q4, be mindful of the usual year-end accounting needs and reporting requirements that will be popping up. We’ll keep you informed of changes coming, but please do reach out proactively to begin preparing if you haven’t already:https://calendly.com/d/46r-49m-93k/10-minute-intro-call  And with the start of a new… Read More

The tax code is constantly changing and updating, which means there are always new tax-saving opportunities for High Net Worth individuals. Charitable Giving: Donating to qualified charities can reduce the amount of your taxable income, thus lowering your tax liability. Tax-advantaged accounts such as 401(k)s, IRAs, and Health Savings Accounts. These accounts allow you to save money for retirement or healthcare expenses while also reducing your taxable income. Investing in… Read More

What’s the difference between a Tax Preparer, a  CPA who specializes in tax preparation and a seasoned Tax Strategist? And which of these does your business need?  It may surprise you to know that CPAs and Tax Strategists are two different professions and that a Tax Preparer is not necessarily credentialed.  Here are the main differences: Tax Preparer: Does not have to be credentialed; prepares, calculates, and files income tax… Read More

You’ve got a little bit of time until month-end close and a month or two until year-end obligations. It’s a good moment to take a breath … but this is also the time to start thinking about what you want next year to look like, before getting into the weeds of year-end obligations. If you want help getting the ball rolling on a plan, give me a call: https://calendly.com/corbette/15-minute-prospect-intro-callhttps://calendly.com/d/46r-49m-93k/10-minute-intro-call As… Read More