Patrick Accounting’s Post

Have you ever gotten the dreaded tax call from your accountant? “Hey, so it looks like you’re going to owe a lot more than we planned in taxes?” There’s nothing worse than tax surprises you didn’t know about, and didn’t plan for. Can your accountant actually help you avoid these? The answer is not actually what you may think. #smallbusinessowner #incometaxes #onestepbetter https://lnkd.in/gCv7gtwD

🔍💼 Hey there, Tax-Time Superstars! Ever felt like you're on a treasure hunt when tax season rolls around, searching for the right documents for your CPA? Let's turn that quest into a straightforward task! We've got a fresh off the press article: "What Documents Does My CPA Need to Do My Taxes?" Here's a quick snapshot of what you'll need: 1️⃣ "Identity Proof": Your Social Security documents and photo ID aren't just important for your passport—they're also key for your taxes! 🆔 2️⃣ "Income Chronicles": Your W-2s and MISC-1099s paint the picture of your annual earnings. It's like your year in a nutshell! 💼 3️⃣ "Expense & Loss Evidence": Got receipts, invoices, or proof of losses? Gather them up—they can make a big difference on your tax return. 🧾 4️⃣ "Small Business Tax Paperwork": For the entrepreneurs out there, your estimated tax payment receipts, year-end balance sheet, profit & loss statement, and other business documents are a must. 🏢 And that's just the start! Want the full rundown? Click on the link below to decode the document mystery and make tax season a breeze. Let's get prepping! 🚀 #TaxSeasonPrep #CPACommunication #FinancialFitness

🔍💼 Hey there, Tax-Time Superstars! Ever felt like you're on a treasure hunt when tax season rolls around, searching for the right documents for your CPA? Let's turn that quest into a straightforward task! We've got a fresh off the press article: "What Documents Does My CPA Need to Do My Taxes?" Here's a quick snapshot of what you'll need: 1️⃣ "Identity Proof": Your Social Security documents and photo ID aren't just important for your passport—they're also key for your taxes! 🆔 2️⃣ "Income Chronicles": Your W-2s and MISC-1099s paint the picture of your annual earnings. It's like your year in a nutshell! 💼 3️⃣ "Expense & Loss Evidence": Got receipts, invoices, or proof of losses? Gather them up—they can make a big difference on your tax return. 🧾 4️⃣ "Small Business Tax Paperwork": For the entrepreneurs out there, your estimated tax payment receipts, year-end balance sheet, profit & loss statement, and other business documents are a must. 🏢 And that's just the start! Want the full rundown? Click on the link below to decode the document mystery and make tax season a breeze. Let's get prepping! 🚀 #TaxSeasonPrep #CPACommunication #FinancialFitness

🔍💼 Hey there, Tax-Time Superstars! Ever felt like you're on a treasure hunt when tax season rolls around, searching for the right documents for your CPA? Let's turn that quest into a straightforward task! We've got a fresh off the press article: "What Documents Does My CPA Need to Do My Taxes?" Here's a quick snapshot of what you'll need: 1️⃣ "Identity Proof": Your Social Security documents and photo ID aren't just important for your passport—they're also key for your taxes! 🆔 2️⃣ "Income Chronicles": Your W-2s and MISC-1099s paint the picture of your annual earnings. It's like your year in a nutshell! 💼 3️⃣ "Expense & Loss Evidence": Got receipts, invoices, or proof of losses? Gather them up—they can make a big difference on your tax return. 🧾 4️⃣ "Small Business Tax Paperwork": For the entrepreneurs out there, your estimated tax payment receipts, year-end balance sheet, profit & loss statement, and other business documents are a must. 🏢 And that's just the start! Want the full rundown? Click on the link below to decode the document mystery and make tax season a breeze. Let's get prepping! 🚀 #TaxSeasonPrep #CPACommunication #FinancialFitness

Let us give you a quick piece of financial advice… 👉Don’t ignore your taxes until next tax season. Taxes aren’t something to think about once a year. Tax planning should be something you think about ALL year. Start thinking about your 2024 taxes today and make a plan that helps you: 👉Reduce liabilities. Identify more opportunities to decrease your tax liabilities so you can potentially pay less in taxes. 👉Maximize deductions. Find tax deductions you may have missed that could decrease your tax liabilities. 👉Improve cash flow. Manage your cash flow by having a better idea of how much you owe in taxes and by making quarterly payments. 👉Make better investments. Consider tax regulations and laws while investing your money to lead to higher long-term gains. 👉Ensure legal compliance. Avoid making errors that can lead to fines, interest charges, and expensive audits. 👉Avoid unexpected tax bills. Project your tax liability and make regular payments so you aren’t caught off guard by a large tax bill. 👉Support estate planning and wealth preservation. Keep an eye on the future by setting up financial plans that can keep wealth in your business or in your family. 👉Gain peace of mind. Stop wondering if you are doing the right things with your money. Work with a professional who can ensure that you are following the rules while maximizing the benefits for your business. Tax day may be over, but tax season is all year. #Taxes #BusinessTax #TaxSeason https://zurl.co/qjJp

Since we are in the thick of tax season (even though I don't do taxes anymore), my blog post today is a guide with a list of questions you may want to ask your accountant or tax provider. Please read, like, comment and share! https://lnkd.in/eP7dbgwP #financialcoaching #taxes #accountant #askyouraccountant

Tax season is quickly approaching, and it's time to start planning! For small business owners, there are some important changes to be aware of for the upcoming tax season. Get ahead by reviewing the latest IRS guidance and make sure you're prepared: #TaxSeason #SmallBusiness

Check out Joey’s thoughts in this recent Investopedia article!

BUSINESS OWNER OR HIGH-EARNING PROFESSIONAL Slash Your Taxes & Earn 15%-18% or MORE Return on your money – Here’s How: Are you tired of watching your hard-earned income vanish into taxes every year? If you’re a business owner or a high-earning professional, you know the frustration of sending checks to the IRS But what if I told you there’s a legal, proven strategy that could help you reduce your taxes by up to TEN times your investment while still earning a targeted 18% annual return on your money? It may sound too good to be true, but it’s a strategy that’s transforming how high-net-worth individuals like you approach their finances. It’s backed by little-known sections of the IRS tax code: Section 168k and Section 179 Section 168k is an IRS provision that allows for accelerated depreciation on qualified business assets. You can deduct the cost of those assets from your taxable income much faster than traditional methods. You could reduce your taxes by up to TEN times the amount you invest Currently, Section 179 allows 100% depreciation on assets up to a limit of $1,220,000 for tax year 2024 This isn’t just about tax savings By using this strategy, you’re not only cutting your taxes, but you’re also securing a targeted 18% annual return on your investment That’s right—you save money, & your money works for you, growing year after year And there’s more. You’ll get your principal investment back at the end of FIVE years all while continuing to enjoy those reduced taxes & annual returns Business owners & professionals across the country are already benefiting from this strategy, and it’s completely legal and in compliance with all IRS regulations This isn’t some loophole that will get you in trouble It's a smart, strategic financial tool that you can leverage to maximize your wealth If you’re serious about reducing your taxes and growing your wealth now is the time to act That’s why we’re hosting an exclusive, free, online Lunch and Learn where we’ll teach you exactly how Section 168k and Section 179 works, how to qualify, & how to start implementing this strategy immediately We will even deliver lunch (or breakfast) to your door if you are among the first 30 to register You’ll learn how to reduce your tax bill by 10x, secure a targeted 18% return on your money, & reclaim your principal investment at the end of five years We’ll share real-life success stories from business owners & professionals already seeing incredible results Stop letting taxes drain your income & start using them to build your wealth Join us for our free online Lunch & Learn & take the first step toward keeping more of what you earn & growing your financial future Don’t miss out Click the link, fill out the form to register today, and let us show you how to turn your taxes into a powerful wealth-building tool Friday, Oct. 25 12-1 PM ET Via Zoom Register: https://lnkd.in/erfjfvBd

Tax season might be over for individuals, but it's an ongoing battle for businesses. While we are not Tax Advisors, in our blog post "How to Budget for Your Business Taxes All Year," we'll show you several smart tips you should know! Maximize your deductions, streamline your finances, and stay stress-free come tax time. Dive into the insights here: https://lnkd.in/gGGykZTG. #SmallBiz #TaxTips #Budgeting