Estimating Federal Tax Liability, it is Monday so we may as well touch on an important calculation. If you are under paying your quarterly taxes you can incur penalties and interest, and nobody wants that. I am linking below the IRS calculator for the estimations. You will need your income up to this point, this of course includes profit from your business to this point. If you need help with this message me, or email me at stonesbookkeeping1@gmail.com I would be glad to help.
#estimating #taxes #knowyournumbers
I Refuse to Participate in the Recession!
I refuse to participate in the Recession! What a powerful statement. Historically recessions and depressions create opportunity to build great wealth. Much of that depends on our attitude. Just because we are stuck home, or laid off, perhaps hours are cut doesn’t mean we are doomed to fail. Warren Buffet famously says “buy when others are selling”. I am going to do everything I can to maximize this time and build for the future and the great things we will do, Join Me!
#positivity #greatness
#BNI
https://www.entrepreneur.com/article/352706
Will your business fail
Will your business fail? According to the article from Entrepreneur I link below 34% of small businesses fail by the end of year two. In the article if you look at the top reasons 29% run out of cash and 82% have cash flow problems. I believe this is due, in part, to a lack of follow through on bookkeeping and financial results. If you are setting up a new business message me, I can help you get started on the right foot. Struggling with your books call me, I can help you get set up with systems to remove this stress and have a great set of financials for your business.#knowyournumbers #accounting
#bookkeepinghttps://www.entrepreneur.com/article/296491
PPP Loan Forgiveness
If you received a PPP loan of less than $50000 the SBA has released an efficient and simple form for forgiveness request. The link to the form is below. Heads up the date on the form says it expires on 10/31/2020 so keep this in mind.
#ppploanforgiveness #knowyournumbers #acccounting
BNI Meeting
Restart the USA!! We are running a special through the end of the year: No application fee if you apply before 12/31/2020! You can visit our chapter with no obligation or cost, just message me and I will share the details. DM me today this is an excellent chance to join a fantastic organization.
