Highborn CPA

Business Owners - Are you aware of the consequences of incorrect bookkeeping? You as the Business Owner are ultimately responsible for the Books and Taxes (there are caveats here depending on structure of entity). Just one significant transaction entered incorrectly in QuickBooks by your Bookkeeper can have serious consequences. Your Tax Preparer (hopefully a CPA), might not pick it up, as they spend very little time (most don't spend any time at all) going over a full year's worth of transactions. You end up underpaying the IRS and get audited 2 years later. Then you have to pay significant penalties and interest, probably more than the original error. You might then go back to the Bookkeeper, and they may point out that they are not tax experts. Whether it’s their fault might depend on how the transaction was communicated to them. In additition, do they have the proper insurance to cover your losses? Where are the bookkeepers located? Every Business Owner should be fluent in accounting and tax and hire appropriate personnel to ensure accurate an overall accurate system. Here's how the process should work, at a minimum: 1. A Bookkeeper with appropriate experience and a basic understanding of tax consequences journalizes the entries during the month. 2. A CPA should review the books together with the Business Owner on a monthly basis (for businesses with over $500K in revenue). This has many benefits including operational, which are a topic for a different day. #HighbornCPA #Bookkeeping #TaxPlanning #QuickBooks #SmallBusiness #AuditPrevention #TaxPreparation #BusinessGrowth #Accounting #IRS #BusinessOwners #FinancialHealth

🔴 Elon Musk’s DOGE Exposes $4.7 Trillion Treasury Oversight – Could YOUR Business Be Next? https://lnkd.in/eGn-N2fu

🚨 Big Changes to CPA Licensure! 🚨 AICPA & NASBA propose a new pathway: candidates could swap the 5th year of education for 1 year of supervised work experience to become a CPA. - Pros: Lowers barriers & helps with the talent shortage. - Cons: Some fear it could weaken standards & impact CPA mobility. What do you think—good move or risky change? Drop your thoughts below! ⬇️ #CPA #Accounting #Finance #CPALicensure #FutureOfWork

🚨 Quick Tax Season Tips! Looking for a tax preparer? Here's what I learned: 🚫 Watch out for: - Anyone who won't sign your return (yep, these "ghost preparers" are real!) - Someone promising huge refunds - No proper IRS credentials (they need a PTIN number) ✅ Smart moves: - Find someone available year-round (tax questions don't end in April!) - Get clear pricing upfront - Never sign a blank return - Check their reviews on BBB website 💡 Money-saving tip: Making under $67K? You can get FREE tax prep from IRS-certified volunteers! Need to check if your tax pro is legit? Head to IRS.gov/chooseataxpro Remember: Your signature = Your responsibility, even if someone else does the work! Stay safe this tax season, fam! 🙌 #Taxes #PersonalFinance #TaxTips #Money

What do you think about this AI Generated Business Logo, vs what we designed in Canva for our business? Still prefer the human touch.

🎓 Big Changes Coming to CPA Licensing? AICPA & NASBA are rethinking how we create future CPAs. Instead of that extra year of college, they're considering letting candidates learn on the job. Real talk: As someone in the field, this could be huge. Think about it - hands-on experience vs. another year of textbooks? Might be exactly what we need to bring fresh talent into accounting. What do you think? Would you have preferred learning in the field instead of that fifth year of school? Let's discuss 👇 #CPA #Accounting #AccountingLife #CareerDevelopment #CPAExam

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Trump Tariffs: What the Media Says vs. What I Think There's a lot of discussion about Trump’s tariffs and their impact, but how accurate is the media’s portrayal? I have my own take on the situation—watch the video to hear my perspective. Let me know your thoughts in the comments! 📺 Watch here: https://lnkd.in/eP5pw9X7 #TrumpTariffs #Economy #TradePolicy #Politics #Tariffs #Business #GlobalTrade #MyTake

💡 Think Twice About Influencer Advice Not all financial tips online are credible. This video breaks down common mistakes influencers make when discussing businesses. Buzzwords aren't a substitute for expertise—always seek real advice before making big decisions. 📹 Watch here: https://lnkd.in/eAGMbTPD #BusinessTips #FinancialAdvice #CPA #ThinkBeforeYouInvest

🚀 Why Some Businesses Skyrocket (And Others Don't) After 20 years as a CPA, here's the #1 success secret: Create a product customers TRULY value. Key insights: • Value > Price • Quality matters more than marketing • Customers recognize exceptional products Example: Dyson didn't just sell a vacuum. They sold an experience. Watch how to build a product people can't resist 👇 https://lnkd.in/e5anwQkM #BusinessGrowth #ProductStrategy #Entrepreneurship