Focus CPA

Christmas is here, just before the end of the year. Time to gather your information and you’re your taxes. It is also a great time for business owners to take a deep dive into their financial results and make a plan for next year. Your statements can provide clues as to what is working and what isn’t. Here’s a quick guide to discover your story:

Beneath the stress and chaos of the holiday season you can find the magic. This is a time to rejoice and attend to matters of the heart. Here are my favorite ways to experience the holidays…

Christmas is right around the corner. Business owners are assessing their current situations. They are looking at the taxes that will be paid, cash flow needed and determining how to show appreciation for the people that help them every day. Sometimes it is easy, other times it is difficult to determine whether you give a bonus or not.

Now is the time get control over your tax situation. Learn what options are available to you. Plan to maximize your tax savings. Here are some great tips! It is very important to consider your personal and business circumstances before implementing any tips.

I struggle with change. Change just takes time, sometimes more time and energy than I care to put forth. When things aren’t working I need to stop, take a step back, assess the situation, search deep inside to discover what I am trying to achieve and then make an intentional choice. Holidays are a test for me.

Are you a business owner? Like to improve your cash flow? Need some tools to manage your cash?

When I became a mom, decision-making became more complicated. My decisions didn’t just affect me—they affected my boys, two very dependent children in which I was responsible for. My original life plan didn’t turn out as I planned. I ended up being a single mother so I had to earn enough to live. I had to find a balance between earning a living and mom time and still keep my sanity. Time management was critical. Now that I look back, I had two simple rules; not to put my children in jeopardy and the time I spent with them would be quality time.

The cool breeze is bringing in the crispness of fall, a new season. As the hours of sunlight shrink the leaves start changing colors and falling. The smell of fall is in the air. Change is coming. As fall is creeping in I am preparing my gardens for the next season. Cutting down the flowers that have finished blooming, splitting the perennials to make them stronger next year, planting more bulbs for tulips and daffodils in spring, and moving more plants into shadier spots in my backyard. I mulch to protect the perennials from the harsh cold of winter. All this work for something I won’t see until at least 6 months from now.

If you rent a spare bedroom, provide car rides or a number of other goods or services, they may be involved in what the IRS calls the sharing economy. The IRS website now has a Sharing Economy Tax Center. This site helps taxpayers find the resources they need to help them meet their tax obligations.

Every business operates on cash flow. It is the lifeblood of a business. Without cash the business dies. A business with a healthy cash flow is much more enjoyable to run, as well as increases the value of the business and greatly reduces the stress of managing the business. Just like athletes taking the extra steps to improve their results, businesses can review their processes and improve their results. Here are 12 tips to improve your cash flow.