Gift CPAs

As 2024 winds down, tax professionals are gearing up to prepare and reconcile client accounts for the year ahead. QuickBooks Online (QBO) offers tools to simplify this process, helping business owners wrap up year-end details and ensure their books are tax-ready for 2025.

The holiday season is a time of joy, gratitude, and giving. As people reflect on their blessings, many feel compelled to give back to their communities and support charitable causes. To ensure your donations make a positive impact, it's crucial to be aware of common charity scams and take steps to protect yourself.

The holiday season is a time of giving, and while the joy of gifting is often its own reward, there are ways to make your generosity even more impactful through strategic tax planning. This article explores various holiday gifts that come with tax advantages, including educational gifts, gifts to spouses, employee gifts, and contributions to retirement accounts.

If you’re running a subscription-based business, you’re in the game of recurring revenue—a model full of potential for steady income but also some unique challenges. The lifeblood of your business is cash flow, and keeping it steady can make or break your success.

Managing every aspect of your company can be overwhelming as a business owner, especially regarding your finances. While handling your own bookkeeping may seem like a cost-effective solution, the time it requires can take you away from critical tasks needed to grow your business. That’s where outsourcing bookkeeping services can be a game-changer. Whether you’re a small business owner trying to balance day-to-day operations or looking to improve your financial reporting accuracy, outsourcing your bookkeeping can streamline operations, improve accuracy, and ultimately support your company’s success. But how does outsourcing bookkeeping work, and what are the true benefits?

In this article, we’ll explore what tax policies may be on the horizon, including proposed extensions of the Tax Cuts and Jobs Act (TCJA) and potential new deductions and exemptions. Keep in mind that while these policies aren’t yet set in stone, we’re here to provide insight and preparation strategies for our clients.

Holiday Schedule Reminder ☃️ As the holiday season approaches, we want to remind everyone of our upcoming schedule: ❄️ December 20 ❄️ December 24 - Noon ❄️ December 25 ❄️ December 31 - Noon ❄️ January 1 We wish you a safe, joyful holiday season and look forward to continuing to serve you in the new year!

Understanding the intricacies of estimated tax safe harbors, the requirement for payments to be made ratably, and the strategies to mitigate penalties can significantly impact a taxpayer's financial health. This article delves into these topics, offering insights into how taxpayers can navigate these challenges effectively.

As the year draws to a close, taxpayers with substantial stock holdings have a unique opportunity to engage in strategic planning to optimize their tax positions. This article explores various strategies, including understanding the annual loss limit, navigating wash sale rules, recognizing gains and losses, donating appreciated securities, managing employee stock options, dealing with worthless stock, leveraging the zero capital gain rate, and netting gains and losses.

Your Year-End Checklist is here! Tax saving opportunities for Individuals and Businesses. 👇