Oakley CPA PLLC

Thinking about expanding your business with independent contractors?

While all contractors still need to report their earnings to the IRS, not all of them need a 1099 at tax time if either of these situations applies.

FYI: Payments through Zelle are considered bank transfers, not third-party processor payments.

We'll handle your 1099s when the time comes. Book a call at oakleycpa.com 📞

#1099

🗓️ Mark September 15th on the calendar for two important deadlines👇

Your Q3 tax payments, as well as S-Corp and partnership tax return extensions, are due.

If you use a phone and the internet to help run your business, that's a write-off!

Hold on to any records of these expenses, like receipts, canceled checks, invoices, or bank records, in the event of an IRS audit.

📞 Book a call at oakleycpa.com for help tracking business expenses and write-offs.

Regularly tracking your Revenue Growth Rate year-to-year or even month-to-month can help:
✔️ Secure funding
✔️ Effectively allocate resources
✔️ Develop realistic operational and staffing plans
✔️ Provide clarity on potential cash flow issues

Of course, these numbers need to be recorded precisely to ensure accurate future growth projections.

Math not your thing? 📞 Book a call at oakleycpa.com.

We’re proud to support the small business owners who are the lifeblood of our local and national economy.

Their success keeps us all growing!

When you start a business, it may make more sense to set it up as a sole proprietorship rather than an LLC.

Here's what you should know:

✔️ More affordable to start with less complicated paperwork.
✔️ Full ownership and control over business decisions.
✔️ Simpler tax filing.
✔️ Easier to dissolve if your business needs to change.

❌ No liability protection since there is little separation between you and your business.
❌ More difficult to build business credit and secure financing, such as loans.
❌ No shared responsibilities with other owners or partners.

Still not sure if a sole proprietorship is right for you? Book a call at oakleycpa.com

A health savings account (HSA) can positively or negatively affect your taxes. Here's how 👇

✅ By enrolling in and contributing to an HSA-eligible health plan, you can pay for qualifying medical expenses tax-free or be eligible for a deduction when you file your tax return.

❌ Overcontributing to your HSA can result in unexpected tax penalties.

If thinking about your HSA and taxes has your head spinning, book a call at oakleycpa.com

It's time to stop ac-counting sheep and start counting on us.

Whether you're stressing over bookkeeping, taxes, payroll, or staying organized, we're here to help you rest easier.

Book a call at oakleycpa.com!

Your business should be a priority, but it shouldn't take up all of your time and energy.

If you are feeling overwhelmed by your finances, seeking support is the smartest thing you can do.

We're here to help, so you don't have to figure out every part of your business alone.

Taxing your employees' paychecks isn't fun, but it's necessary to stay off the IRS's radar.

Collecting and paying payroll taxes correctly keeps your business protected while ensuring your employees' withholdings are managed properly.

📞 If all this tax talk is over your head, book a call on oakleycpa.com.