Jack Spitzer, MBA

GAAP Financials vs. Tax Returns: What Small Business Owners Need to Know! Navigating financials can be tricky, especially when comparing GAAP statements to tax returns. Most small businesses use tax-level accounting—it’s simpler and what lenders like banks and the SBA typically require. Requiring GAAP financials can create unnecessary obstacles. Why not let entrepreneurs use their tax returns instead? It's a familiar process that aligns with standard financial practices. Let’s advocate for accessible financial reporting to open more funding opportunities for small businesses. Watch @Devin Thorpe's video to learn more about this important topic. Let's build a more inclusive financial landscape! #GAAP #TaxReturns #SmallBusinessFinance #FinancialReporting #CrowdfundingStrategy #InclusiveEconomy

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What's one key thing that holds businesses back? A lack of financial control... According to an SBA report, businesses that maintain tight financial control see a 30% higher profitability. There are 7 things you need to understand if you are going to get a tighter grip on the numbers that matter: 1. The need for Financial Control 2. Implementing internal controls 3. How to budget and forecast effectively 4. The fundamentals of cashflow management 5. Fuss free expense management 6. Controlling financial risk 7. Your finance scorecard Discover how to leverage these seven critical areas to boost your business's financial performance. Quantum Advisory will guide you through actionable strategies and real-world applications to ensure you're not just surviving, but thriving. Don't miss this opportunity to turn your financial insights into a competitive advantage. Secure your spot now! 📅 Date: 24th April 2024 🕒 Time: 12pm AEST https://lnkd.in/g2jj_4Sk

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💰✨ Don't just dream about owning a franchise—make it a reality with Payroll Vault! Our franchise opportunities are affordable, and they're within your reach. Learn about our secrets to low startup costs and the ongoing support that sets us apart. 🚀 Ready to turn your franchise dream into a budget-friendly venture? Dive into the details on our website, where we spill the beans on how you can bring your entrepreneurial vision to life without breaking the bank. #FranchiseDreams #BudgetFriendlyBiz #AffordableOpportunities #FranchiseSuccess #PayrollVault #PayrollVaultFranchise

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Keeping your people top of mind is hard for leaders on a day to day basis - let alone during an entity transition. All kinds of organizations have transitional periods, whether it is a small business acquisition, a non-profit transitioning to a new financial status, or any type of organization scaling up quickly. The keys to success in many kinds of transitions are both planning and execution. In our entity transition case study, we explore our collaboration with a progressive small business as they prepared for an ownership transition. Over the course of a calendar year, and with the structure of a 4 phase process, we tackled this entity transition by both diagnosing and addressing urgent needs and by utilizing long-term planning. This operational and people transition incorporated system changes, people support and entity shut-down, along with much more. If this sounds like the kind of support your organization could benefit from you can reach out to us directly at [email protected] to tell us more about who you are and what you need. #peopleoperations #employeeexperience #compliance #workerclassification #HR #entitytransition #smallbusiness #womensupportingwomen https://lnkd.in/dXEreDt6 

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We empower independent school leaders, understanding that robust financial and operational infrastructures are game-changers. Our expertise includes: Accounting & Bookkeeping Board Reporting Budgeting & Management Capital Campaigns & Projects Financial Reporting Business Office Best Practices School Mergers & Expansion Student Billing Strategies Systems Implementation Treasury Management Let's connect today! #SchoolFinanceHelp #temphelp #projectmanagement #projecthelp #systemsimplementation #schoolmanagement #schoolbusiness #edtech

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What’s your strategy for staying ahead in accounting, tax, and wealth management? (If you’re relying on outdated practices, you could be leaving opportunities on the table.) Our LinkedIn page is where professionals like you unlock: 📊 Accounting best practices to streamline operations 💼 Tax strategies to maximize savings and stay compliant 📈 Wealth management insights to secure financial futures The best part? We’re not just posting content—we’re building conversations. Tell us: What topics would you like to see more of? Stay informed. Stay relevant. Follow our page and get access to the latest insights that matter.

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Why do so many nonprofits struggle to find accounting support?   I got to have a coffee conversation about this with Ginny Waller of Waller Consulting, LLC plus a few more topics:  * 93% of people have math anxiety * My origin story * Burnout * The aging accountant workforce * Why few young people chose careers in accounting * The lack of diversity among CPAs * The high cost of turnover  * What nonprofits can do to overcome the accountant shortage * Financial policies and procedures * Fraud prevention * Why invest in technology * Fractional CFOs and other  * Organizational culture * Don't ask your financial staff to be a "Jack of all Trades" * What to do if you're on the edge of burnout * How to hire the right financial staff #nonprofits #CFO https://lnkd.in/gFD28Dtp

Ready to step into the world of franchising? Don't miss our essential guide on the Franchise Disclosure Document (FDD)—your roadmap to understanding the finer details of a franchise opportunity. Our latest blog breaks down the importance of the FDD, helping you navigate its complexities with ease and confidence. Discover how to leverage this critical document for making informed decisions that align with your business goals. Dive in to safeguard your future in franchising! #franchise #franchiseopportunity #franchiseopportunities #franchiseconsultant #franchiseconsulting #entrepreneur #business #money #franchiseeducation

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Empowering nonprofits with accounting solutions that simplify finances and enhance impact. PLUS Accounting Services is here to build efficiency into every step of your financial operations. Reach out today to start transforming your accounting! #NonprofitAccounting #FinancialManagement #PlusAccounting #NonprofitFinance #ImpactDriven #FinancialSystems #EfficientAccounting #FinanceSolutions #NonprofitOrganizations #StreamlineFinances #AccountingExperts #NonprofitSupport #FinanceTransformation #ImpactfulAccounting #AccountingForNonprofits #FinanceDepartment #NonprofitEfficiency #FinancialSuccess #NonprofitServices #AccountingSolutions #FinancialWellness #NonprofitGrowth #FinancialOperations #SeamlessFinances #EfficientOperations 

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Transform your nonprofit's audit process with our comprehensive guide to proactive financial management. Explore how technology can streamline operations and bolster your organization's integrity.  #NonprofitBestPractices #AuditEfficiency

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The Strategic Spender - Timing Your Expenses for Tax Mastery Pt 3 of 6 Let’s talk about a game-changing strategy that could revolutionize your business finances - the art of timing your expenses. As a businesswoman who’s navigated the complex waters of finance for nearly three decades, I can tell you this - when you spend is just as crucial as how much you spend. Picture this - It’s December 31st, and you’re scrambling to make last-minute purchases to maximize your deductions. Sound familiar? Let’s flip that script. Strategic spending isn’t about a year-end shopping spree. It’s about orchestrating your fiscal year like a maestro conducts a symphony. Every expense, every purchase, is a note in your financial opus. Here’s how to conduct your fiscal symphony - 1. Quarterly Crescendos: Instead of waiting for year-end, plan major expenses quarterly. This spreads out your cash flow and gives you more control over your taxable income. 2. The January Jump: Consider front-loading some expenses in January. This gives you the full year to benefit from the purchase while setting a strong tone for your financials. 3. The December Finale: Yes, December spending still matters. But instead of panic-buying, use this time for strategic investments that will set you up for success in the coming year. 4. The Mid-Year Minuet: Don’t neglect the middle months. July and August can be perfect for big-ticket items when others might be in a summer lull. 5. The Recurring Rhythm: Set up recurring expenses to hit at optimal times. This could mean timing subscriptions or services to align with your busiest (and most profitable) periods. Remember, this isn’t about spending more - it’s about spending smarter. Every dollar you spend should be a deliberate step towards your financial freedom. But here’s where it gets really interesting. While mastering the timing of your expenses is crucial, it’s only half the equation. The other half? It’s something so counterintuitive, it might just blow your mind. Are you ready to take control of your financial destiny? To turn your business into a tax-saving powerhouse? I’ve dedicated my career to helping women like you not just grow, but thrive and prosper. This is more than just financial advice - it’s about creating a legacy that reflects your vision of success. Want to unlock the secrets of strategic spending and keep more of what you earn? Ready to stop leaving money on the table? Comment 'Maximize Profits' if you’re ready for smarter, more profitable strategies. But hold on tight, because in Part 4, we’re about to challenge everything you thought you knew about managing your income. This revelation could be the game-changer your business has been waiting for. Are you prepared to have your financial world turned upside down - in the best way possible? #StrategicSpending #TaxMastery #FinancialFreedom #WomenInBusiness

The Strategic Spender - Timing Your Expenses for Tax Mastery Pt 3 of 6 Let’s talk about a game-changing strategy that could revolutionize your business finances - the art of timing your expenses. As a businesswoman who’s navigated the complex waters of finance for nearly three decades, I can tell you this - when you spend is just as crucial as how much you spend. Picture this - It’s December 31st, and you’re scrambling to make last-minute purchases to maximize your deductions. Sound familiar? Let’s flip that script. Strategic spending isn’t about a year-end shopping spree. It’s about orchestrating your fiscal year like a maestro conducts a symphony. Every expense, every purchase, is a note in your financial opus. Here’s how to conduct your fiscal symphony - 1. Quarterly Crescendos: Instead of waiting for year-end, plan major expenses quarterly. This spreads out your cash flow and gives you more control over your taxable income. 2. The January Jump: Consider front-loading some expenses in January. This gives you the full year to benefit from the purchase while setting a strong tone for your financials. 3. The December Finale: Yes, December spending still matters. But instead of panic-buying, use this time for strategic investments that will set you up for success in the coming year. 4. The Mid-Year Minuet: Don’t neglect the middle months. July and August can be perfect for big-ticket items when others might be in a summer lull. 5. The Recurring Rhythm: Set up recurring expenses to hit at optimal times. This could mean timing subscriptions or services to align with your busiest (and most profitable) periods. Remember, this isn’t about spending more - it’s about spending smarter. Every dollar you spend should be a deliberate step towards your financial freedom. But here’s where it gets really interesting. While mastering the timing of your expenses is crucial, it’s only half the equation. The other half? It’s something so counterintuitive, it might just blow your mind. Are you ready to take control of your financial destiny? To turn your business into a tax-saving powerhouse? I’ve dedicated my career to helping women like you not just grow, but thrive and prosper. This is more than just financial advice - it’s about creating a legacy that reflects your vision of success. Want to unlock the secrets of strategic spending and keep more of what you earn? Ready to stop leaving money on the table? Comment 'Maximize Profits' if you’re ready for smarter, more profitable strategies. But hold on tight, because in Part 4, we’re about to challenge everything you thought you knew about managing your income. This revelation could be the game-changer your business has been waiting for. Are you prepared to have your financial world turned upside down - in the best way possible? #StrategicSpending #TaxMastery #FinancialFreedom #WomenInBusiness

Mastering Nonprofit Cash Flow Projections Cash flow projections provide the key information needed to spend wisely during times of deficits as well as surpluses. The result is a stronger organization that is better able to serve its community and further its mission. Let’s learn more about why cash flow projections are necessary, how to do them, and what they are telling you: https://hubs.ly/Q02bj2_60 #cfoselections

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Do you have the right team in place for tax season success? Intuit Select Pro Staffing connects firms like yours with Intuit-vetted tax professionals, helping you: ✔️ Scale quickly to handle increased workloads ✔️ Improve margins with efficient staffing solutions ✔️ Boost productivity so you can focus on clients Accounting professionals, like Elmer Howard, have already discovered the benefits—now it’s your turn. Learn how Intuit Select Pro Staffing can help your firm thrive this season: https://bit.ly/41jY0c4

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