Bookkeepers Pro

Happy Small Business Month! Big love to my fellow small business owner friends—cheers to the hustle, the long days, and the big dreams. Let’s keep supporting each other! 🙌

Help us celebrate a special occasion! It's time to extend our warmest birthday wishes to the latest addition to our team. Adam may be the youngest among us, but he stands out with his impressive stature. Not only does he bring youthful energy to our group, but he also contributes his considerable intellect and passion for all things tech. Join us in making Adam's birthday memorable!

What is National Small Business Week (NSBW)?
Every year since 1963, the President of the United States has issued a proclamation announcing National Small Business Week, recognizing the critical contributions of America’s entrepreneurs and small business owners.
More than half of Americans either own or work for a small business, creating about two out of every three new jobs in the U.S. each year.

When small businesses succeed, everyone benefits! Please continue supporting the small business around you :)

Following the invasion of Ukraine, the cybersecurity community is watching diligently for any increase in cyberattacks or a change in their nature. As we’ve seen with previous global crises, cybercriminals will often use these times of fear and uncertainty to advance their goals. There is also a danger that cyberattacks conducted as part of the conflict will affect people and organizations outside the region.
We urge you to take steps to ensure you’re protected to use caution when browsing online and interacting with email. For additional tips on protecting your data and privacy, we recommend this guidance.

Tips to protect your data, security, and privacy from a hands-on expert One of the hands-on experts from our forums shares their advice on how to protect your data, security, and privacy.

Here are the top 10 tax strategies for Schedule C Taxpayers.

1. Use the Section 105 plan to make your health insurance a tax-favored business deduction.
2. Employ your under-age-18 child to make taxable income disappear.
3. Employ your spouse without paying him or her a W-2 wage.
4. Rent your office, even your home office, from your spouse to save self-employment taxes.
5. Establish that an office in your home is your principal office, to increase your vehicle deductions and also turn personal home expenses into business expenses.
6. Give yourself flowers, fruit, and books as tax-deductible fringe benefits.
7. Combine the home office and a heavy SUV, crossover vehicle, or pickup truck to grab big deductions this year.
8. Design a business trip that includes some personal days—days you treat as 100 percent business even though you don’t work on those days.
9. Use the seven-day tax deduction travel rule to create a business trip that is 87 percent personal vacation.
10. Do a late S-corporation Election for the 2021 tax year if the numbers make sense.

Happy entrepreneur day to all my fellow business owners 🍾

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