Gomez, CPA

🍀 What does St. Patrick’s Day REALLY mean? 🤔

Legend says St. Patrick wasn’t just a saint…
he was actually the first CPA 😳📊

Back in the day, Ireland had:
❌ No bookkeeping
❌ No receipts
❌ A LOT of “mystery income” 👀

So Patrick showed up in all green and said:
“Alright… who’s not reporting their gold?” 💰

The “snakes” he chased out of Ireland?
🐍 Not real snakes… just unreported income

And ever since then, we celebrate by:
🍀 Wearing green
🍻 Drinking (because audits are stressful)
💰 Looking for pots of gold (aka deductions 😂)

👉 Moral of the story:
Get your books right… or Patrick is pulling up.

BookkeepingHumor

🎉 Welcome, Daniel Gomez! 🎉
We’re proud to welcome Daniel Gomez as the new Vice-President of ALPFA (Association of Latino Professionals For America)!
With his leadership, passion for service, and commitment to empowering future Latino professionals, we know he’ll help elevate our mission to new heights. Let’s give Daniel a warm welcome as he steps into this exciting new role! 👏💼✨

Thinking about replacing your windows?
You might qualify for a 30% tax credit (up to $600) under the Energy Efficient Home Improvement Credit, available through 2032!

To qualify, your windows need to be ENERGY STAR certified. Claim it using IRS Form 5695 when you file your tax return.

Let’s make sure you get what you’re entitled to.

“Time flies when you’re stressing over your taxes… and just like that, Tax Day is here.
If you’re still scrambling, you’re not alone. File or extend—just don’t ignore it!
Need help? We’re just a call away.

”

💡 S-Corp owners: Ensure your 2024 payroll taxes are filed correctly! A reasonable salary is key to staying IRS-compliant. Need guidance? Let us help!

📊 Keep your books clean this year! Schedule monthly reviews to reconcile accounts and track your cash flow. Consistency is key.

💻 Thinking of upgrading your accounting or payroll software? Start the year right with tools like QuickBooks, Xero, Gusto or ADP for efficient bookkeeping and payroll

The IRS will begin accepting 2024 tax returns on January 27—don’t wait to get ahead! Daniel Gomez, CPA, is now accepting new clients for the season. Schedule your appointment today and let us make your tax filing stress-free and accurate. Secure your spot now!

💡 Tax Deductions for Short-Term Rental Owners 💡

If you own a short-term rental property, there are a variety of tax deductions that can help you maximize your profits and reduce your taxable income. Here are some key deductions to keep in mind:

🏠 Property Expenses
• Mortgage interest
• Property taxes
• Homeowners insurance

🔧 Repairs & Maintenance
• Painting, plumbing, and electrical repairs
• Landscaping and cleaning services

🛋️ Furnishings & Supplies
• Furniture, appliances, and décor
• Toiletries and other guest essentials

📲 Operating Costs
• Property management fees
• Listing platform fees (like Airbnb or VRBO)
• Advertising and marketing costs

🚗 Travel Expenses
• Mileage to and from the property for maintenance
• Travel expenses if visiting the property for business purposes

📈 Depreciation
• You can deduct a portion of your property’s cost (excluding land) over time, even if the property appreciates in value!

🌟 Pro Tip: Be mindful of the “14-Day Rule.” If you use the property for personal use for more

Attention Business Owners! 📅

Mark your calendars! By January 31, you must file and distribute:

✅ Form W-2 to employees and the SSA.
✅ Form 1099-NEC to non-employees (contractors).

Stay compliant and avoid penalties! Need help? Reach out to Daniel Gomez, CPA—we’ll keep you on track. 💼