Focus CPA

Can you imagine waking up knowing that your business will cash flow that day? It is possible. Removing that stress will release your energy to do great things! Does it Sound like a miracle to you? Maybe it doesn’t happen in your industry. Take a close look around. Reoccurring sales abound! Many are Subscriptions and membership programs such as Amazon’s “subscribe and save” feature, Cellphone service, online storage, magazines and even meals.

Every spring I get a beautiful surprise! In early March, I discover fresh sprouts on the garden rhizomes and bulbs sitting in my basement. I dug them out last fall before the frost hit. I am always in a rush so they end up dumped in baskets, boxes and paper bags. I store them in the unfinished part of my basement. They have little exposure to light, no water and little dirt. Despite the odds, I find it amazing that they sprout every spring.

Keep personal separate from business – Create a separate checking account, use a separate credit card, separate PayPal account, etc. By keeping it all in only one account it simplifies the recording and strengthens your position with the IRS. They may keep out of your personal stuff.

Earlier this year I was caught in a car chase. I was minding my own business, going home on a Friday night when I notice flashing lights about a block behind me.

Are you feeling lost! Or struggling with where you are at? We have many choices as to what path we take and in many areas of our life. We take a path when we choose a job or career, a business, a mate, to have children, our friends and hobbies. We can take a short path or the journey of a lifetime.

I have chosen to stop watching the news on TV. I skip thru the mudslinging on Facebook and when reading the newspaper I only read factual headlines. I can’t handle the anger anymore. It doesn’t add value to my life. To counter that I am being more conscious of being one with my heart.

As you are gathering last year’s financial information for taxes – it is a great time to review the results and make resolutions for the upcoming year. It doesn’t matter if you are focused on growth, profitability, or reorganizing the following checklist will provide options to consider.

I’m starting this year out well rested. I can’t believe it, but I am tired of vacation! Never in my life did I think I would feel that. Don’t get me wrong I really enjoyed Kauai in late November and it was really nice spending Christmas with my kids in Texas. However, I am ready to get back to my comfort zone – work! I am recharged and ready for the next few months.

Happy New Year! Take control of your life. Here are 10 things you can do to create a simpler, happier and richer life.

For a business expense to be tax deductible it must be both ordinary and necessary. Expenses that paid for to drum up business have special rules associated with them. Here’s a list of the most common.