Alan Whitman

Join Kimberly Ferguson, CEO of Emerald Expectations Accounting, as she dives into a powerful real-life story of one business owner's journey from financial struggle to triumph. 🌟 Learn how strategic planning and personalized tax strategies turned a challenging year into a resounding success. This video is a must-watch if you’re looking for actionable tips to boost your financial resilience and ensure your business thrives, no matter the circumstances. 💪 🎥 Watch the full story here: https://lnkd.in/gTwu832N #BusinessResilience #FinancialPlanning #TaxStrategy #EntrepreneurLife #EmeraldExpectations #SmallBusinessTips #OvercomingChallenges #BusinessGrowth #YourBizIsAGem #VirtualBookkeeping #AccountingAdvice #InspirationForSuccess

Wondering how the Employee Retention Tax Credit (ERTC) can benefit your business? Unlock the potential of ERTC to retain your workforce and strengthen your business during challenging times. The Employee Retention Tax Credit (ERTC) is a powerful tool designed to help businesses retain their employees during periods of economic uncertainty. Here’s how your business can successfully utilize the ERTC: 1. Understand the Eligibility Criteria: Revenue Reduction: Ensure your business meets the revenue decline threshold specified by the ERTC guidelines. Government Orders: Confirm if your business operations were partially or fully suspended due to government mandates. 2. Calculate the Potential Credit: Qualified Wages: Identify the wages that qualify for the credit, including health plan expenses. Credit Amount: Calculate the credit based on a percentage of qualified wages, up to the maximum allowed per employee. 3. Maintain Detailed Documentation: Payroll Records: Keep accurate records of payroll and health insurance expenses. Eligibility Proof: Document the specific government orders or revenue declines that qualify your business for the ERTC. 4. Integrate with Other Relief Programs: PPP Loans: Coordinate the ERTC with other relief programs like the Paycheck Protection Program (PPP) to maximize benefits without double-dipping. State and Local Programs: Explore additional state and local programs that can complement the ERTC. 5. Amend Tax Returns if Necessary: Form 941: File amended payroll tax returns (Form 941-X) to claim the ERTC for eligible quarters if you missed out initially. Professional Assistance: Consider consulting a tax professional to ensure accurate and optimized filings. 6. Monitor Legislative Updates: Stay Informed: Keep up with changes in legislation that may affect the ERTC, including extensions and modifications to eligibility criteria. Adjust Strategies: Adapt your utilization of the ERTC based on the latest regulatory updates. 7. Communicate with Employees: Transparency: Inform your employees about how the ERTC is helping to secure their jobs. Reassurance: Use this opportunity to reinforce your commitment to their well-being and job security. Key Takeaway: By understanding the eligibility criteria, maintaining thorough documentation, and integrating the ERTC with other relief programs, your business can effectively leverage this tax credit to retain employees and navigate through economic challenges. P.S. Have you utilized the ERTC for your business?

At #TeamNPS we are learners who teach. As fractional CFOs, we learn the many components and nuances of your business and teach you how to improve financial performance. And we do that in plain English common sense conversations. #FractionalCFO #TransformationalAccounting #Entreprereneur

Every accounting firm offers tax and bookkeeping services—but why should a client choose yours? In this episode of Numbers Don’t Lie: Marketing Insights for Accountants, Brad and Janel uncover a surprising truth about standing out in a crowded market. They’ll guide you through a simple shift in mindset that could attract the clients you actually want—better, higher-paying ones. 🎧 Listen now on Spotify, iTunes, or YouTube. ➡️ Don’t blend in. Tune in to learn how your firm can rise above the competition. https://lnkd.in/d_y-zVwQ #NumbersDontLie #AccountingSuccess #PodcastForAccountants #StandOut #Accountingfirm #Accountants

If you filed an extension for your Partnership or S-Corporation, your extended tax returns are due on September 16, 2024. Don’t let the deadline sneak up on you.Make sure your filings are accurate and on time to avoid penalties. Speak with your Affable Accountant today. #affable #smallbusiness #taxdeadline #SCorporation #Partnerships

Thinking about selling your business? It’s never too early to start planning! 💼🔍 On Episode 127 of The Modern CPA Success Show, Adam Koós and Tom break down the essential steps every business owner should take NOW for a smooth transition—whether you’re selling in 3 years or 13. From navigating appreciated properties to leveraging Delaware Statutory Trusts (DSTs) for tax benefits, this episode is packed with insights to help you maximize your exit strategy. 🎯📉 Listen in to discover why proactive financial planning is crucial and how CPAs can help guide you through the process. Your future self will thank you! 🙌💰 WATCH here//bit.ly/3ZegNoe #CPA #BusinessPlanning #ExitStrategy #DST #FinancialSuccess

**🎄 Preparing for the Holiday Season with Fractional Accounting Services 🎄** As we approach the holiday season, it’s the perfect time to ensure your business is financially prepared for year-end reporting and tax planning. Whether you're managing a growing startup or navigating the complexities of a well-established company, our **Fractional Accounting Services** can help you stay ahead of the curve and minimize year-end stress. 🔍 **What We Offer:** - **Year-End Financial Reviews:** Ensure your books are in order and ready for tax season. - **Budget Planning for the New Year:** Optimize cash flow and set financial goals for the upcoming year. - **Operational Efficiency:** Streamline your accounting processes, reduce overhead, and gain more insight into your finances. - **Customizable Solutions:** Flexible services tailored to your specific business needs. 🌟 **Why Choose Fractional Accounting?** - **Cost-Effective:** Access top-tier accounting expertise without the commitment of a full-time hire. - **Scalable Support:** Adjust the level of service as your business needs evolve. - **Peace of Mind:** Focus on growing your business while we handle the numbers. Don’t let financial management become a burden during the busy season. Let’s work together to set your business up for success in 2024 and beyond. 🔗 **Contact us today to schedule a consultation!** Wishing you a stress-free thanksgiving and holiday season! 🌟 #FractionalAccounting #HolidaySeason #FinancialPlanning #SmallBusiness #TaxPreparation #AccountingServices #YearEndReview #BusinessGrowth #Finance

🚨 Tomorrow’s the Day! Are you ready to unlock the secrets to nonprofit tax compliance? Don’t miss this opportunity to learn from William Skody from Skody Scot & Company CPAs, and set your organization up for success. 🎓 What You’ll Learn: ✔️ Key tax obligations like Form 990. ✔️ Compliance tips to safeguard your tax-exempt status. ✔️ How to avoid common pitfalls that could cost your nonprofit. 🔗 Register before it is too late: https://lnkd.in/gv4rZrYC 🛡️ Secure your nonprofit’s mission—join us tomorrow! #TaxExempt #NonprofitWorkshop #MissionFirst #Nonprofit #FreeWorkshop

🚨 Tomorrow’s the Day! Are you ready to unlock the secrets to nonprofit tax compliance? Don’t miss this opportunity to learn from William Skody from Skody Scot & Company CPAs, and set your organization up for success. 🎓 What You’ll Learn: ✔️ Key tax obligations like Form 990. ✔️ Compliance tips to safeguard your tax-exempt status. ✔️ How to avoid common pitfalls that could cost your nonprofit. 🔗 Register before it is too late: https://lnkd.in/gv4rZrYC 🛡️ Secure your nonprofit’s mission—join us tomorrow! #TaxExempt #NonprofitWorkshop #MissionFirst #Nonprofit #FreeWorkshop