Flores CPA - Accounting, Tax, and Finance

04/16/2024

1. Q: Which superhero pays no tax?
A: Spiderman, all his income is net.

2. Q: What do the IRS, a mugger, and your kids have in common?
A: They all take your money.

3. Why don’t skunks have to pay taxes?
A: Because they only have one scent.

4. I was told when I bought solar panels for my house, they would be free because of the tax breaks. Does this mean they are on the house?

5. There are three types of tax forms:
Short, long, and surrender.

6. Intaxifcation: The wonderful feeling you get when you receive a tax refund until you realize it was your own money in the first place.
7. Golf is a lot like taxes. You drive hard to get to the green and
then wind up in the hole.

8. How do dairy farmers do their taxes? The ones with simple taxes use a cowculator, and the ones with complicated situations have to go to an accowntant.

9. April 15th is when the money supply gets out of hand—as in out of your hand and into the governments.

10. Something you’ll never hear on tax day: Taxes are liberating! They free you from the burden of deciding how to spend your own money.

12/04/2023

Not to give anyone investment advice, but:
- Cryptocurrencies are not considered securities so wash rules don’t apply. (https://ttlc.intuit.com/.../wash.../L1d6BuQpH_US_en_US...)
- So if you are sitting on crypto losses you can sell by the end of the year, and deduct your short or long term capital losses for 2022 (up to $3,000 against earned income).
- If you still think they will bounce back, you can buy them back and create a new Purchase Price/Basis. You’re not the only person selling right now, so now might be the time to buy back (if you are so inclined).
- Not investment advice!
- As you may know, I opened up my own Accounting/Bookkeeping/Tax shop. Let your friends know in case anyone needs help.
- Happy New Year! 😃

09/18/2022

Just a reminder: If you filed an extension for last years Federal tax return: it's due on 10/15/2022: 1 month from now! Reach out if you need help getting it done.

05/14/2022

https://florescpatax.com/

Flores CPA & Associates - Accounting Tax and Finance is a business service firm dedicated to assisting small businesses and middle market companies with their:
· Accounting / Bookkeeping
· Tax Preparation and Planning
· Business Financing

04/20/2022

ACCOUNTING / BOOKKEEPING: https://florescpatax.com/

Have us boil down endless transactions into accurate financial statements which provide you with the information you need to make the RIGHT decisions. Have a CPA and Quickbooks ProAdvisor gather the information from all sources to generate the financial statements: monthly, quarterly, annually.

04/20/2022

Our sister practice, Hubbard Woods Capital Advisors is involved in helping companies obtain the capital they need to execute on their business plans.
Focus is on transactions of $1 million and above. If this is what your business needs, click here: www.hubbardwoodscap.com

Hubbard Woods Capital Advisors LLC is a corporate finance consultancy and intermediary dedicated to helping middle market companies obtain the debt capital they need ($1 million to $30 million) to execute their business plans.

04/20/2022

TAX PREPARATION & PLANNING: https://florescpatax.com/

Have your business and individual returns prepared by a CPA and Enrolled Agent – Admitted to practice before the IRS - in a timely manner to maximize your refund.The process includes:

Tax planning, to assure your decisions include minimizing taxes on all major financial decisions.

Quarterly Tax Payments

Tax Resolution / Offer in Compromise