7 Essential To-Dos For Your Atlanta Business Team
Before the holiday craziness kicks in, let’s remember: the end of the year is a golden chance to play with the calendar in your business’ favor. Whether it’s diving into year-end profit metrics, sorting out staff bonuses, or launching some targeted marketing to catch those year-end spenders — now is the time to zoom in […]
Why Hiring the Cheaper Accountant Puts Your Future at Risk
Hiring an inexperienced or low-cost accountant may seem like the best option, but it can end up being a costly mistake. The fact is that an accountant is generally someone who is tax compliant but lacks the training to see and plan long term: Staff members may not be credentialed. Inadequately trained and staffed tax […]
HOW TO GUARANTEE YOU’LL BE JAILED FOR TAX EVASION!
Tax Planning That is Too Risky or Illegal The IRS is more focused on the returns of business owners than W2 earners since there are far more opportunities to “cheat” in that arena such as: Under-reporting or omitting income; keeping a second, fraudulent set of books. Discrepancies in amounts reported on a corporation’s return and […]
HELP! I NEED ADVANCED TAX ADVICE FOR MY BURGEONING BUSINESS
When to Upgrade to an Advanced Accountant It’s common to find yourself and your business facing more complicated taxes as yougrow or purchase a business, open it to investors or change your business model. Chances are you have not had time to do your own returns for some time, and if you are acquiring rental […]
3 Fixable Financial Mistakes Sinking Your Atlanta Business
Though the days are getting shorter and the weather is taking a turn, there are some great revenue reasons to get excited about the next two months. As we round the bend into Black Friday territory (which for many began at the end of October), it’s time to get nimble with your business plans. We […]
Are Atlanta Consumers Exhausted by Tip Screens?
How much tipping is too much? The drain on the consumer wallet right now is real. Everything costs more and everyone seems to be wanting more of your dollar. So, when businesses swivel that screen around with requests for 15, 18, or 20% tips on an order, it’s no wonder people have become less inclined […]
How Boat Owners Can Leave Taxes in Their Wake!
It’s best to plan your tax strategy even before purchasing a boat by deciding on how to handle the sales tax on this high-end purchase. Some states have yearly property taxes on boats that may be more costly than sales and use taxes over the years. You need to think about: Business Commuting deduction Can you take […]
Save on your income taxes with the same strategies used by Jeff Bezos, Warren Buffet, and Elon Musk!
The ultra rich boast wealth from assets like real estate and stocks, but the IRS does not tax the increased value of these assets, no matter how much it skyrockets, if an investor doesn’t sell it. No sale, no capital gains tax. Warren Buffett is known for holding onto the stock in Berkshire Hathaway, which […]
Why Can’t I Deduct my Country Club Membership?!
The IRS knows how to play hardball when it comes to deducting expenses for clubs such as golf, tennis, or country clubs. While you can’t deduct dues and membership fees, for any facility designed for recreation, legitimate business expenses still qualify as tax deductions. If you’re discussing business while entertaining, that expense is a legitimate […]
Harnessing Your CRM for Sales in Your Atlanta Business
Well, before I dive into today’s dose of real world business strategy, let me ask you, have you revisited your 2023 business goals and made a plan to reach them before the end of the year? Goals aren’t a set it and forget it kind of thing. You’ve got to revisit them and focus your […]