Chicago EA

We are making some big changes in 2024 🤯 There are also a lot of new compliance issues to be aware of..

Tax & Holiday Planning 2023 Year End checklist & updates       Don't be left with coal this Christmas... Each and every year, I practically beg clients to make it a priority for year-end tax planning. Some people make the effort

It's the last (and arguably most important) day of our Bookkeeping Bootcamp. 🏋️

Today's topic: getting you paid! 💸

Running your A/R Aging report can help you see which clients owe you money. It shows how many days overdue their account is and how much they still owe!

Confession time... Day One's Chart of Accounts review was just a warm-up! 😅

Today, we're getting into the *real* heavy lifting by reviewing the status of your account reconciliation!

If you're reconciled through your most recent bank statement, you can sit today out.

But if you're 1, 2, or 6+ months past reconciling, it's time to think about bringing in some outside help! 👋

Welcome to Day One of our Bookkeeping Bootcamp! 🏋️

This week we're going to take you through a three-step program to whipping your books into shape for the summer - starting with your Chart of Accounts! 📚

Make sure you check back tomorrow for Day Two!

Spoiler alert - it's 4!

👉 Keep swiping to see all the different ways your LLC can be treated for tax purposes.

Follow our page for more Tax Tips!

A big part of our job is keeping your financial information protected, and there's a number of different ways to do this.

When it comes to your bookkeeping software, we'll be added as an accountant user. This serves as a control that allows all the activity on my account to be tracked!

For your banking information, I'll request read-only access to review the information I need to complete your bookkeeping.

Keeping your information protected protects my business too! 🔐

When 1099 season rolls around next year, you're going to *wish* you had taken this advice! 📆

Ask your contractors NOW for their W-9s to ensure you have all the information you need to file their 1099 in January.

Want to make your accountant even happier? Get those W-9s BEFORE you hire your contractors!

**Reminder** Our office is closed for the Memorial Day Weekend Holiday. We will be back in office starting Wednesday May 31st.

Memorial Day, 4th of July and Labor Day our office closes from the Thursday before the day until Tuesday after the day. Please plan accordingly.

We will respond to calls, texts and emails when we return.

For whatever reason, you may not be prepared to pay the tax liability you owe all at once. Stay calm - it happens!

Per the IRS, you may be able to qualify for one of their two online payment plans.

We’re not trying to be the bearer of bad news, but personal & corporate income tax aren't the ONLY taxes you have to worry about. 💰

Whether you own a small business, real estate, or are involved with an estate, you may also need to worry about these 6 types of taxes!

You don't have to worry about these taxes all alone - we can help with other tax questions all year long too.