Aretê Partners

01/12/2024

🚨 New Item Alert! 🚨 Welcome to the Uncorked portfolio!! This “Good Time Seltzer” is made with all natural ingredients and is seriously delicious. Each single serving can contains 5mg delta-9 THC & 5mg CBD and is formulated using a h**p-derived nano emulsion that is “fast-acting.” Now available in Louisiana for purchase to those with a consumable h**p retailer license. Don’t have one, and want to know how to get it? Just ask! It’s super simple, and one of our reps can easily guide you through the process. The team from Louie Louie are hitting the streets with us this week to tell you all about it so you might see us around town 👀 For more info, head over to DrinkLouieLouie.com

05/29/2023

Today, Arete Partners honors all of our fallen heroes who have served us and protected us.

08/09/2022

The Benefits of Business Tax Planning

Business tax planning is an important way to reduce your tax liability and maximize your profits. By understanding the tax laws and how they apply to your business, you can make informed decisions about how to structure your business affairs to minimize your taxes.

There are many benefits to business tax planning, including:

1. Reduced Tax Liability: By planning your business affairs in a way that minimizes your taxes, you can keep more of your hard-earned profits.

2. Greater Profits: By reducing your tax liability, you will have more money available to reinvest in your business, which can lead to increased profits.

3. Increased Efficiency: Good tax planning can make your business more efficient by reducing the amount of time and money you spend on tax compliance.

4. Improved Cash Flow: By reducing your tax liability, you will free up cash that can be used to improve your business cash flow.

5. Enhanced Asset Protection: Proper business tax planning can help you protect your assets from seizure by creditors in the event of business failure.

6. Increased flexibility: Good tax planning can give you more flexibility in how you use your business income and assets.

7. Better decision making: By understanding the tax implications of your decisions, you can make better decisions about how to run your business.

8. Peace of mind: Knowing that you have minimized your taxes can give you peace of mind and allow you to focus on running your business.

9. Improved relations with tax authorities: By complying with the tax laws and paying only your fair share of taxes, you can improve your relations with the tax authorities.

10. A level playing field: Good tax planning can level the playing field between you and your competitors.

Business tax planning is an important way to reduce your tax liability and maximize your profits. By understanding the tax laws and how they apply to your business, you can make informed decisions about how to structure your business affairs to minimize your taxes. Good tax planning can give you a competitive advantage and help you keep more of your hard-earned profits.

For a growing business, the dynamics of your business changes frequently. With that in mind, you should consider reviewing your tax plan with experienced business tax advisor to make sure you are taking full advantage of tax law for both Federal and State.

As your business grows, so do the tax implications and strategies you should consider. Arete Partners provides comprehensive business advisory services to help you navigate the complex world of taxes. We work with businesses of all sizes, from startups to established enterprises, and our team of tax experts can help you develop a customized tax plan that minimizes your tax liability and maximizes your profits.

Contact Arete Partners today to learn more about our business advisory services and how we can help you with your business tax planning. www.aretecfo.com

06/15/2022

Greet clients that come to the office or call by phone. Scan and copy documents. Handle calendar for CEO and COO and other administrative duties.

06/15/2022

We are looking for a new team member!!! If you can work full-time, Monday through Friday, have awesome communication skills and phone etiquette, computer literate and love working with a fantastic group of clients and supportive team, then be sure to submit your resume to [email protected]

02/11/2022

Industry Insight: How the Form 1099-K Changes Affect Your Small Business

The Changes

Mobile payment apps are an easy way for entrepreneurs to collect payments from customers for their small businesses. These apps are fast, convenient, and typically involve only minor transaction fees when using a business account. Payment Settlement Entities (PSEs), which include payment apps such as Venmo and Cash App, were previously required to file a Form 1099-K for businesses with over $20,000 in gross payments AND over 200 separate payments in a calendar year. The American Rescue Plan Act (The Act) of 2021 made significant modifications to this section of the Internal Revenue Code, however. The changes apply to payments settled after December 31, 2021. PSEs are now required to file a Form 1099-K for payments for “goods and services” that exceed $600.

How does this affect you?

The Form 1099-K is intended to influence compliance with the Internal Revenue Code. Basically, external reporting allows the IRS to see if you’re cheating on your taxes or not. Under the prior Form 1099-K reporting threshold, independent contractors, small business owners, and the like, could avoid paying taxes on business transactions that fell below the $20,000/200 transaction threshold by choosing to withhold disclosure of these transactions. The Act closed this loophole. Now, PSEs will report significantly more transactions to the IRS. This means that small business owners must be aware and report these transactions as well. Ultimately, the Form 1099-K modification only affects you if you were under-reporting in the first place. If not, then it is business as usual for you.

12/30/2021

If you run any size business, you have to know the ins and outs for your financial data. Basically, how to read your financial statement. The problem is, there is so much "accountant speak" involved that it makes most peoples head spin. With that in mind, I have created an ebook that may help navigate through that in language that non accountants can understand. If you would like your free copy, go the link below and get your copy. I would love any feedback on "understandability".

Working with Arete Partners on business consulting and coaching means working to improve your operations and using best practices to get best results.

12/23/2021

IRS announced that the standard mileage deduction for business miles for 2022 to be 58.5 cents a mile. What does that mean to you? If you drive 10,000 miles for business travel, your deduction would be $5,850. You do have a choice to make though and that is do you take the standard mileage deduction or would it be better to take actual expenses. Either way, you will need to track your total business miles which do not include miles back and forth to your initial place of business. Be sure to get with your tax advisor as to the best method for you. If you are using a Virtual CFO service you may already know the answer.

11/11/2021

Thank you to all of the brave men and women who have served and continue to serve our country. Not only have you been there for us in times war and strife, but you have also been there for us in peaceful times when natural disasters have caused us harm.

11/10/2021

Has you business made an adjustment to factor in inflation? Published reports show a 30 year high of 6.2% increase in consumer price index from last year.

The consumer price index surged 6.2% from a year ago in October, the most since December 1990.

10/29/2021

Degreed accountant with 1 to 3 years experience preparing 1040, 1120S and 1065 tax returns as well as month end accounting for business clients. Position can be fully remote or hybrid. Competitive salary depending on experience.

09/10/2021

SBA has announced major changes to the EIDL program.
* Increasing the cap from $500,000 to $2 million
* Deferring repayments to two years after the loan origination
* Establish a 30-day exclusivity window
* Simplification of affiliation requirements