Fates, Bodily, & Parker PLLC

It may have been a windy Halloween, but nothing could blow away our spirit! 🎃🍂 Huge thanks to Susan Nyanzi for a charcuterie spread that was scary good, and to Tom Parker, CPA for an award-worthy costume! #halloween #dreamteam #cpa #accountingfirm

In 2021, Congress passed the Corporate Transparency Act to boost financial transparency in the U.S. This law now requires companies to report their beneficial ownership information (BOI), aiming to prevent illicit activities like using shell companies to hide criminal proceeds. But what exactly is BOI? And who needs to report? Learn more here: https://lnkd.in/gfpMzA-k #businessownership #businessnews #corporatetransparencyact

🕸️ Happy Halloween! Here’s to avoiding financial frights and embracing all the sweet savings. Let’s keep those tricks in the candy jar and not on your P&L! 🎃📈 #halloween #cpa #accounting

Strategic Financial Expertise Without the Overhead 📊 Are you not ready to commit to the expense of a full-time CFO? Virtual CFO services provide tailored financial expertise and data-driven insights designed to help you streamline operations and increase profitability—all while reducing overhead. 📩 Reach out to FBP today to learn how our CFO services can support your financial goals with a customized strategy! https://lnkd.in/gZE8YZAk #CFO #fractionalCFO #businessgrowth

🧐 Did you know? About 6 in 10 taxpayers admit that the fear of an audit motivates them to be honest on their taxes. (CBS News) However, middle-class taxpayers are much less likely to face audits today. For example, in 2014, the audit rate for those earning $50,000 to $75,000 was 0.4%—four times higher than it is now. Even with lower audit risks, it’s essential to file accurately and stay prepared. Want peace of mind during tax season? Work with a professional team. At FBP, we’ll help you stay compliant and feel confident in your tax filings. 📩 Reach out today for expert support and audit protection! (Source: https://lnkd.in/gxAhcnrY) #taxtips #taxes #accounting

Running a business means juggling many responsibilities—don’t let tax deductions slip through the cracks! Here are 4 key business expenses you should never overlook when filing: 1️⃣ Business Meals 🍽️ – Coffee meetings, lunches with clients, or dinners during travel? Deduct 50%! 2️⃣ Technology Purchases 💻 – Whether it’s a new laptop, software subscription, or tools to keep you efficient, they’re tax-deductible. 3️⃣ Marketing & Advertising 📢 – From online ads to promotional materials and website development, these investments count! 4️⃣ Employee Benefits 👥 – Deduct health insurance premiums, retirement contributions, and employee bonuses. 💼 Pro Tip: Staying organized and filing these correctly will help you maximize your returns and reinvest savings back into your business! Want to know if your business finances are on track? Take our Accounting & Finance Readiness Assessment: https://lnkd.in/gpuDvDmv #taxtips #businessowner #taxdeductions

Goodbye summer, hello Q4! Thank you to our team for making this summer successful, both inside and outside the office! ⚾ Year-end planning is critical for setting the foundation for next year’s growth. We’re here to guide you through the final stretch and help create a strategy for future success. 📩 Reach out at fbpcpa.com to schedule a consultation! #cpa #accounting #accountant

Did you know? 🎄🍂🎃 With the back-to-back holidays coming up—now is a great opportunity for businesses to plan thoughtful gifts for clients, partners, and employees. Not only does it strengthen relationships, but many of these gifts can also be tax-deductible. Want to learn more about maximizing your deductions? Contact us today! #TaxTips #BusinessPlanning #HolidayGifts #TaxDeductible

The economy is shifting, and that brings both opportunities and challenges for SMBs! As things become less predictable, it’s more important than ever to have a solid financial strategy in place. Have you thought about working with a virtual CFO? They can help you not only manage your numbers but also plan for future growth—without the high cost of a full-time CFO. At Fates, Bodily & Parker, we offer virtual CFO services that are both affordable and effective. Let’s chat about how we can help you navigate the changing landscape! Learn more here 👉 https://lnkd.in/gZE8YZAk (Source: American Express/Guidant Financial/Fit Small Business) #cfo #businessowner #businesstips #smb #forecasting

As the temperatures drop and the holiday season approaches, it's not just the festive cheer that increases—expenses often do, too! 💰 Whether you're managing a business or personal finances, it's important to plan ahead for the extra costs that come with this time of year. From year-end purchases and holiday bonuses to gifts and gatherings, unexpected expenses can add up quickly. Do you plan for higher utility bills and extra holiday expenses, or do you keep your budget consistent year-round? Vote below! 👇 #finance #financialplanning #taxes #forecasting #businessowner