Artificial Intelligence & How You Can Use It In Your Business
Artificial Intelligence (AI) is revolutionizing the tax and accounting industry by automating routine tasks and enhancing decision-making processes. For a tax and accounting business, AI can streamline data entry and reduce human errors using software like QuickBooks and Xero, which use AI to categorize transactions and reconcile accounts efficiently. AI-powered platforms such as Botkeeper offer […]
Learn Some Powerful Ways To Grow Your Business
Growing your business requires a combination of strategic planning, innovative tools, and effective execution. Leveraging customer relationship management (CRM) software like Salesforce can streamline your sales processes and improve customer interactions, leading to higher retention and satisfaction. HubSpot offers an all-in-one marketing, sales, and service platform that can automate marketing campaigns and nurture leads, helping […]
Unclaimed 2020 IRS Refunds Deadline – Did You Know?
The IRS has issued a reminder that the deadline to claim your 2020 tax refund is approaching. If you did not file a federal return for 2020, you must do so by May 17, 2024, to receive your refund. Filing a missed 2020 return might also make you eligible for the Earned Income Tax Credit […]
Tax Tips for Home-Based Businesses
If you run a home-based business, you’ll know that taxes can be expensive and burdensome. That is why there are many people who have started businesses from their homes. You might be wondering whether running a home-based business is tax-friendly or not? The good news is that running a home- business does not mean […]
Find the Perfect Accounting Professional: 3 Things You Should Consider
Anyone who manages a business knows the importance of accounting. Without accurate financial information, it’s impossible to know how well your company is performing. Many businesses don’t trust their own bookkeeping. That’s why they turn to external accountants to review their financial records and give them a clean bill of health. Even if you don’t […]
How to Make a Killer First Impression on New Clients: Tips to Start Your Business Relationship Right
First impressions First impressions are everything, especially when it comes to starting a business relationship. Every interaction and experience you have with a new client is an opportunity to make the best possible impression and set the tone for the entire relationship. If you want to make a killer first impression on new clients and […]
How To Pick A Profitable Business For The Technological Age: 8 Steps to Get Started
The technological era has revolutionized business and made it faster than ever. To stay competitive, you need to leverage the power of new technologies like artificial intelligence, blockchain, and IoT to modernize your company and drive growth. But operating in the technological age isn’t free. You need a business model that can generate profits from […]
Everything You Need To Know About Filing Taxes For Your LLC
Filing taxes for your LLC can be a tricky and intimidating process. It’s important to make sure that you understand all of the laws and regulations related to taxes so that you can ensure that you are filing correctly and staying in compliance with the IRS. This can seem overwhelming, but it doesn’t have […]
How To Start A Business The Right Way
Starting a business is a great way to achieve financial freedom, but it can be a complicated process. Fortunately, creating an LLC doesn’t have to be difficult if you follow these steps. The first step is to decide what type of business you want to create. Then, you need to register the business with the […]
End of Year Checklist
R.E.C. is born
Hello World What does R.E.C. stand for? R.E.C. is a play on words. As an avid musician the letters R.E.C. are the common three letters found on the ‘Record” button on nearly every audio recording device. As an accountant R.E.C. are three of the top things that I hope any business will take good care […]
Charitable Donations
If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and charitable organizations to supply certain information to prove their right to deduct charitable contributions. If you donate an item of property (or a group of similar items) worth more than $5,000, certain appraisal requirements apply. […]
High-income taxpayers face two special taxes
IS YOUR INCOME HIGH ENOUGH TO OWE TWO EXTRA TAXES? High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment income. Here’s an overview of the taxes and what they may mean for you. 3.8% NIIT This tax applies, in addition […]
