Ring Tax Accounting & Advisory

Ring Tax Accounting & Advisory Helping business owners stay compliant, lower taxes, and make better financial decisions. Tax • Accounting • Advisory

Happy Monday.May your coffee be strong and your Mondays short!What is your favorite way to start the week?
03/23/2026

Happy Monday.

May your coffee be strong and your Mondays short!

What is your favorite way to start the week?

Longer days. Fresh energy. New momentum.Spring is your reminder that growth is always possible, even after a slow season...
03/20/2026

Longer days. Fresh energy. New momentum.

Spring is your reminder that growth is always possible, even after a slow season.

Let this be the season take action on the ideas you have been sitting on and let go of what is no longer working.

Every season has a purpose.
Make this one about growth!

What are you ready to grow this spring?

Happy St. Patrick’s Day!While a little luck is always welcome in business, long term success usually comes down to stron...
03/17/2026

Happy St. Patrick’s Day!

While a little luck is always welcome in business, long term success usually comes down to strong systems, clear numbers, and consistent action.

Tag a friend or share this post to spread a little luck.

There is no standard formula for calculating reasonable compensation. It is not a fixed percentage or a simple calculati...
03/13/2026

There is no standard formula for calculating reasonable compensation. It is not a fixed percentage or a simple calculation.

The IRS looks at facts and circumstances to decide what is reasonable versus unreasonable.

Some key factors include:

- The financial condition of the business
- The duties you perform
- The number of hours you work
- The company’s compensation policy for all employees
- What similar roles in your industry are paid
- Your qualifications, including degrees, certifications, and experience

Each situation should be evaluated individually.

Your reasonable salary may also change over time. As your business grows and your responsibilities shift, your compensation should reflect that.

Stay organized, compliant, and confident with our year-round bookkeeping and tax support.

Book a call to make sure your books are truly tax ready.

Before you move into Q2, take time to review Q1 and make adjustments based on real numbers, not assumptions.Here are 4 t...
03/09/2026

Before you move into Q2, take time to review Q1 and make adjustments based on real numbers, not assumptions.

Here are 4 to dos before moving forward:

1. Reconcile all accounts so your bank accounts, credit cards, and liabilities are accurate and your reports are reliable.

2. Review your Q1 profit and loss by analyzing revenue, expenses, and net profit to see if you actually hit your targets.

3. Check your cash flow by reviewing bank balances and following up on any unpaid invoices impacting your cash position.

4. Adjust your Q2 plan and projections by updating pricing, reducing unnecessary expenses, and setting clear revenue goals based on Q1 performance.

Do not carry confusion into a new quarter. Carry clarity.

Are your numbers ready for Q2?

Behind on your books? Ready to get caught up? Book a call to learn more about our services.

Happy International Women’s Day.Today we celebrate the women building businesses, leading teams, managing households, an...
03/08/2026

Happy International Women’s Day.

Today we celebrate the women building businesses, leading teams, managing households, and making bold financial decisions every single day.

Your leadership matters.

Your resilience matters.

Your impact matters.

Tag a women owned business below and share this post to show your support!

Don’t forget to spring forward.Ready for longer days and brighter evenings?Are you ready for the time change?
03/06/2026

Don’t forget to spring forward.

Ready for longer days and brighter evenings?

Are you ready for the time change?

March marks the end of Q1, and successful business owners treat it like a financial checkpoint. Here is what they focus ...
03/05/2026

March marks the end of Q1, and successful business owners treat it like a financial checkpoint.

Here is what they focus on:

- Make sure all accounts and credit cards are reconciled
- Review Q1 revenue, expenses, profit, and cash flow
- Run an accounts receivable aging report and follow up on unpaid invoices
- Check gross profit margins and adjust pricing if needed
- Review top expense categories and cut what is not serving the business
- Plan ahead for upcoming tax and compliance deadlines
- Set financial goals for Q2

March is about getting clear on what is working and fixing what is not.

They always say how you start the year sets the tone.

Have you done your March financial check in yet?

Save this post for later!

Mark your calendars and set reminders for these upcoming tax deadlines.Save this post and don't forget to follow us for ...
03/04/2026

Mark your calendars and set reminders for these upcoming tax deadlines.

Save this post and don't forget to follow us for more!

Here are some questions you might want to ask your tax pro during tax season and beyond:- Ask your tax preparer about de...
03/03/2026

Here are some questions you might want to ask your tax pro during tax season and beyond:

- Ask your tax preparer about deductions and credits you may qualify for, such as IRA contributions, medical expenses, the Child Tax Credit, or education credits.

- Find out whether it makes more sense to itemize deductions or take the standard deduction based on your situation.

- Discuss any recent life changes like marriage, a new child, buying a home, or starting a business and how those changes affect your taxes.

- Ask what can be done differently next year to improve your tax situation so you are not just reacting at filing time.

- Finally, confirm the filing process. Will your return be e-filed, and can your preparer represent you if the IRS reaches out.

Have questions? Comment below or send us a message.

A tax extension gives you an extra 6 months (October 15) to file your return, avoiding late-filing penalties, but it's N...
03/02/2026

A tax extension gives you an extra 6 months (October 15) to file your return, avoiding late-filing penalties, but it's NOT an extension to pay.

So make sure you pay any tax you owe by the April filing date.

There are 3 ways to get until October 15 to file your tax return.

- You can pay what you owe online and check the box when you make the payment. That payment counts as your extension, no separate form needed, and you will get a confirmation number for your records.

- You can use IRS Free File to request an automatic extension.

- You can also file Form 4868 by mail, online, or through a tax professional. Just remember to estimate what you owe and pay as much as possible to avoid penalties.

If tax season already feels overwhelming, it is a sign support could help.

Getting ahead now can save you time, money, and a lot of stress as the year goes on.

Schedule a call to learn more about how we can help.

Address

122 E Main Street
Lakeland, FL
33801

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+18633708115

Website

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