RAHA Financials

05/26/2026

Happy Memorial Day!!

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[accounting, accounting firm, tax services, bookkeeping, financial statements, audit services, payroll management, business advisory, tax planning, tax filing, corporate tax, income tax, GST, sales tax, compliance, financial reporting, budgeting, cash flow management, financial consulting, CPA, chartered accountant, small business accounting, startup finance, finance solutions, profit and loss, balance sheet, ledger, accounts receivable, accounts payable, reconciliation, IFRS, GAAP, financial analysis, cost accounting, internal audit, risk management]

04/27/2026

You need to know these tax moves!!

1️⃣ Turn Home → Deduction: If you use a part of your home regularly and exclusively for business, you can deduct a portion of your rent/mortgage, utilities, and insurance.

2026 Pro-Tip: The "Simplified Method" is now $5 per square foot up to 300 sq. ft. ($1,500 max).

2️⃣ Phone Write-Off: If you use your personal cell for business, you can deduct the business-use percentage of your monthly bill. 📱

3️⃣ Car → Partial Expense: You can choose between the Standard Mileage Rate (72.5 cents per mile in 2026) or "Actual Expenses" (gas, repairs, insurance). 🏎️

4️⃣ Pay Tax After Expenses: This is the golden rule. Businesses are taxed on Net Income (Revenue minus Expenses), not total sales. 🍕

5️⃣ Deduct Business Meals: You can generally deduct 50% of meals while traveling or meeting clients.

Reality Check: As of Jan 1, 2026, employer-provided meals (like office snacks or cafeteria food) are now 0% deductible. Stick to client lunches! ☕

6️⃣ Write Off Travel: Flights, hotels, and 50% of meals are deductible for business trips. Just make sure the primary purpose of the trip is work-related. ✈️

7️⃣ Use Depreciation: High-ticket items like computers or machinery "lose value" over time on paper. You can deduct that loss even if the item still works perfectly. 💻

8️⃣ Real Estate = "Losses": Thanks to depreciation on buildings, you can often show a "paper loss" on a rental property while still collecting positive cash flow. 🏠

9️⃣ Borrow Tax-Free: Taking out a loan (like a HELOC or business loan) isn't "income" because you have to pay it back. It’s a way to access liquidity without a tax hit. 💰

🔟 Shift Income Legally: Hiring your kids to do legitimate work for your business can move income from your high tax bracket to their lower (or zero) bracket. 👨‍👩‍👧‍👦

⚠️ THE CAVEAT: Tax laws are complex and change every year. Always keep receipts, maintain a mileage log, and consult with a CPA before filing to ensure you meet the "Ordinary and Necessary" requirements.

Which of these are you using this year? Drop a "TAX" in the comments if you want the full breakdown of our Strategy Kit! 👇

04/21/2026

Missed the tax deadline?
Don’t panic, file an extension ASAP and minimize penalties before things get expensive.

Take action now through the link in bio and get back on track 💼

[tax deadline, tax extension, IRS, late filing, penalties, tax help, file taxes, accounting]

04/17/2026

Tax Planning Tips!!

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[accounting, accounting firm, tax services, bookkeeping, financial statements, audit services, payroll management, business advisory, tax planning, tax filing, corporate tax, income tax, GST, sales tax, compliance, financial reporting, budgeting, cash flow management, financial consulting, CPA, chartered accountant, small business accounting, startup finance, finance solutions, profit and loss, balance sheet, ledger, accounts receivable, accounts payable, reconciliation, IFRS, GAAP, financial analysis, cost accounting, internal audit, risk management]

04/15/2026

Tax Day!!

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[accounting, accounting firm, tax services, bookkeeping, financial statements, audit services, payroll management, business advisory, tax planning, tax filing, corporate tax, income tax, GST, sales tax, compliance, financial reporting, budgeting, cash flow management, financial consulting, CPA, chartered accountant, small business accounting, startup finance, finance solutions, profit and loss, balance sheet, ledger, accounts receivable, accounts payable, reconciliation, IFRS, GAAP, financial analysis, cost accounting, internal audit, risk management]

04/15/2026

What NOT to Do: Skip Filing Your Taxes Because You Can’t Pay 🚫
Let’s clear this up, because this mistake costs people more money every single year.
Too many taxpayers avoid filing by the deadline because they don’t have the money to pay the Internal Revenue Service.
❌ BIG mistake.
Here’s why:
👉 The IRS actually penalizes you more for not filing than for not paying.
👉 The failure-to-file penalty can be up to 5% per month of what you owe.
👉 The failure-to-pay penalty is much lower—typically 0.5% per month.
💡 Translation:
If you don’t file, your balance grows 10x faster in penalties.

✅ What you SHOULD do instead:
✔️ File your return on time — even if you can’t pay a dollar
✔️ Set up a payment plan with the IRS
✔️ Stay compliant to keep your options open for relief programs

💬 Real Talk from Tracie Lowe, CPA:
Not filing doesn’t make the problem disappear… it makes it more expensive.
The IRS is much easier to work with when you’re compliant. Filing shows good faith—and that matters when negotiating.

📌 Bottom Line:
File now. Pay later if you must.
But don’t let fear turn a manageable situation into a financial setback.

📲 Call to Action:
Contact RAHA Financials today for a FREE consultation and let’s get you back on track the right way.

04/13/2026

Tax Day in Just 2 Days!!

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[accounting, accounting firm, tax services, bookkeeping, financial statements, audit services, payroll management, business advisory, tax planning, tax filing, corporate tax, income tax, GST, sales tax, compliance, financial reporting, budgeting, cash flow management, financial consulting, CPA, chartered accountant, small business accounting, startup finance, finance solutions, profit and loss, balance sheet, ledger, accounts receivable, accounts payable, reconciliation, IFRS, GAAP, financial analysis, cost accounting, internal audit, risk management] [accounting, accounting firm, tax services, bookkeeping, financial statements, audit services, payroll management, business advisory, tax planning, tax filing, corporate tax, income tax, GST, sales tax, compliance, financial reporting, budgeting, cash flow management, financial consulting, CPA, chartered accountant, small business accounting, startup finance, finance solutions, profit and loss, balance sheet, ledger, accounts receivable, accounts payable, reconciliation, IFRS, GAAP, financial analysis, cost accounting, internal audit, risk management]

04/08/2026

We are approaching Tax Day!!

Need help with tax? Visit the link in bio!!

[accounting, accounting firm, tax services, bookkeeping, financial statements, audit services, payroll management, business advisory, tax planning, tax filing, corporate tax, income tax, GST, sales tax, compliance, financial reporting, budgeting, cash flow management, financial consulting, CPA, chartered accountant, small business accounting, startup finance, finance solutions, profit and loss, balance sheet, ledger, accounts receivable, accounts payable, reconciliation, IFRS, GAAP, financial analysis, cost accounting, internal audit, risk management]

04/07/2026

Tax Day is Approaching!!

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[accounting, accounting firm, tax services, bookkeeping, financial statements, audit services, payroll management, business advisory, tax planning, tax filing, corporate tax, income tax, GST, sales tax, compliance, financial reporting, budgeting, cash flow management, financial consulting, CPA, chartered accountant, small business accounting, startup finance, finance solutions, profit and loss, balance sheet, ledger, accounts receivable, accounts payable, reconciliation, IFRS, GAAP, financial analysis, cost accounting, internal audit, risk management]

04/05/2026

Happy Easter!!

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[accounting, accounting firm, tax services, bookkeeping, financial statements, audit services, payroll management, business advisory, tax planning, tax filing, corporate tax, income tax, GST, sales tax, compliance, financial reporting, budgeting, cash flow management, financial consulting, CPA, chartered accountant, small business accounting, startup finance, finance solutions, profit and loss, balance sheet, ledger, accounts receivable, accounts payable, reconciliation, IFRS, GAAP, financial analysis, cost accounting, internal audit, risk management]

03/31/2026