Berndt CPA LLC

💙Cozy for a Cause 💙 As we kick off Opportunity Season (our chance to connect with clients during tax season), we’re continuing our tradition of Cozy for a Cause! On Saturdays our staff are encouraged to make a donation in exchange for the opportunity to wear cozy clothes to the office. 💙 All proceeds will go to a charity of our choosing at the end of Opportunity Season (April 15th, 2025). We look forward to another Opportunity Season with our clients and keeping the Cozy for a Cause tradition going and make a difference together! 🙌 #CozyForACause #OpportunitySeason #GivingBack

🎉 Happy 1-Year Work Anniversary, Tina Bloomenkranz! 🎉 Today marks one year of incredible contributions from Tina to our team. Her dedication, hard work, and attention to detail have been invaluable in keeping things running smoothly. We're so grateful for everything she does! Please join us in celebrating this milestone! 👏 #WorkAnniversary #TeamAppreciation #OneYearStrong

Business owners are urged to develop succession plans so their companies will pass on to the next generation, or another iteration of ownership, in an optimal manner. But, as many learned during the pandemic, life comes at you fast. That’s why succession planning should best be viewed from three parallel timelines: 1) Long term; focus on identifying and mentoring a successor, as well as strategizing how to fund your retirement and structure your estate plan. 2) Short term; if retirement or another opportunity becomes imminent, look more at selling the company or even liquidating. 3) In case of emergency; be prepared for a crisis that may incapacitate you. Contact us for assistance with your business succession planning today: https://bit.ly/3OlqQih #successionplanning #trustedadvisor #businessconsulting #businessowners

A new year usually brings inflation-based adjustments to various limits and thresholds for employer-sponsored retirement plans. So it goes for 2025, which will largely see increases to key amounts. For example, the contribution limit for 401(k), 403(b) and 457 plans will rise to $23,500 (up from $22,500). The annual limit on catch-up contributions for participants age 50 or over will remain at $7,500 for these plans. However, under SECURE 2.0, a higher catch-up contribution limit of $11,250 will apply to participants who are 60, 61, 62 or 63 in 2025. Carefully note applicable changes to your plan and, as needed, revise employee communications and plan procedures. Contact us for more information. https://bit.ly/3uN4K4s #RetirementPlanning #401k #403b #457Plan #SecureAct2 #CatchUpContributions #RetirementSavings #FinancialPlanning #EmployeeBenefits #2025Updates #InflationAdjustments #PlanLimits #TaxStrategies

Reminder for Your 1099 Filing: Collect W-9s from Your Vendors! As tax season approaches, it’s essential to ensure compliance with IRS regulations regarding 1099 filing. One of the key steps in this process is collecting W-9 forms from your vendors. Why You Need W-9s A W-9 provides the necessary taxpayer information (TIN/SSN) required to accurately prepare and file 1099s for vendors who were paid $600 or more during the year. Steps to Take Now 1️⃣ Request W-9s from All Vendors: Reach out to vendors who received payments of $600 or more and ask them to complete and return a W-9 form. It’s a great practice to request a W-9 at the time of the first payment to ensure you have the necessary information on file. 2️⃣ Confirm Existing Information: Double-check that you have updated W-9s for your vendors to avoid any delays in filing. Filing Deadline: Remember, 1099s are due by January 31, 2025. Collecting W-9s now will save time and ensure you’re ready to file on time. If you need assistance with year-end tax compliance, including 1099 filings or other services, we’re here to help! Contact us at https://bit.ly/3S3N5w7 with any questions or for personalized guidance. Stay ahead of tax season—start collecting those W-9s today! 📄

🎆 New Year's Day Closure 🎆 Our offices will be closed today January 1st, 2025 to celebrate the start of the new year! Wishing you a happy and prosperous year ahead. We look forward to working with you in 2025! ✨🎉 #HolidayHours #OfficeClosed #HappyNewYear #NewYear2025

Wisconsin Business Owners: Don’t miss the January 2, 2025 deadline to register as a Wisconsin Qualified Business for 2024! Why Register? - Help investors defer or exclude WI capital gains on their investments. 📋 Qualify if: - 2+ full-time employees. - 50%+ payroll & property in Wisconsin. 🔗 Details & registration: https://lnkd.in/gDWAjE9H Need assistance? We’re here to help!

Maximize Your Tax Savings with Expert Planning! At Berndt CPA, we provide personalized tax planning and preparation services to help you minimize your tax burden and ensure compliance with the latest tax laws. Our experienced tax strategists work closely with you to develop a customized strategy tailored to your unique financial situation. We specialize in helping entrepreneurs and business owners navigate complex tax challenges, ensuring you keep more of your hard-earned money. Take control of your finances today and contact us for a consultation. https://bit.ly/3BhDM5q #TaxPlanning #BusinessOwners #Entrepreneurs #TaxPreparation #TaxStrategy #SmallBusinessTaxes #TaxSavings #FinancialPlanning #CPA #TaxExpert #MadisonWI

We are honored to have participated in the 2024 Business of the Year Awards hosted by In Business Madison 🎉 This incredible event celebrated innovation, resilience, and leadership in the business community. Congratulations to all the award winners and nominees who are making a significant impact in their industries. 🙌 A huge thank you to IB Madison for bringing us together for this inspiring celebration! 💼✨ #BusinessOfTheYear #IBMadison #CommunityImpact #Leadership #Celebration

Please note that our offices will be closed today December 25th, 2024 in observance of Christmas Day. We hope you have a joyous holiday season, and we look forward to connecting with you soon! 🎉 #HolidayHours #OfficeClosed #MerryChristmas #SeasonGreetings