FloMia

07/24/2023

📈 Wondering how a CFO adds value to your business? 💼💰

Here's how I can supercharge your success:

1️⃣ Strategic Planning: Develop tailored financial strategies for your goals.

2️⃣ Optimize Budgets: Control expenses & boost financial stability.

3️⃣ Informed Decisions: Analyze data, provide insights, & guide choices.

4️⃣ Funding Support: Secure capital for growth & expansion.

5️⃣ Risk Management: Ensure compliance & safeguard your assets.
Ready to drive profits & growth?

Let's chat! 🚀

07/24/2023

07/07/2023

🌍✨ Breaking Barriers: Taking Our Expertise Worldwide! ✨🌍

🚀 Exciting news, everyone! 🌟 Our outsourced CFO services have crossed borders, and we're thrilled to announce our expansion into international markets! 🌐💼

💡 Looking to elevate your business to new heights? Let us be your strategic financial partner, no matter where you're located! 📈✨

🌟 Reach out to us today via DM or visit our website (link in bio) to explore how our global expertise can unlock unlimited growth opportunities for your company! 💼🌍💪

07/06/2023

We are officially in the third Quarter of the Business Cycle.

You don't think about it,

but most competitive businesses run off Quarterly targets.

You don't think about it,

but you should view your life as a business.

And in business,

Everything is all about the end of the quarter,

How were sales numbers this quarter?

What about costs?

Staff numbers,

Revenue,

Profit,

A bunch of measurements which are the lifeblood of a company.

Did they grow or die this quarter?

It's how everyone evaluates the health of the business.

Because if you don't measure it, you won't manage it.

Reflect on your own life.

How did you do the past 3 months?

Are you stronger?

Did you make more money than any other quarter?

Make new useful connections?

Do you even measure and keep track?

Are you running your life professionally like the best companies in the world?

Or just being an amateur like most people?

We can help 📞

01/06/2023

Tax Tip Thursday 🔥
When do you need an S-Corp to eliminate 15.3% of your taxes!
More on Tuesday’s post

01/03/2023

Our client locations ✈️ | We are experienced in the State of Florida, California, and New York 🇺🇸

01/02/2023

Happy New Year everyone! 🎉 We wish you the best... | Inquire for your accounting and tax needs | 📞 Remember to be proactive and not reactive to your tax situation. 🔑 Deductions are made during the year and claimed the next one... 💯

12/29/2022

This is an excellent tax strategy to minimize your tax liability.

1) If you hire your own child who is under 18:
a) No need to withhold payroll taxes so $1 paid out is $1 deducted.
b) Don’t pay income tax on the first $13k! The standard deduction in 2022 is $12,950. You can still claim your child as a dependent and get the child tax credit.
c) Must be doing legitimate work.

2) Have to decide if paid your grandchildren as employee (W-2) or independent contractor.

3) Think about it. This one is not straightforward. Since you’ll be filing jointly, if you’re paying her out of your company, you will have to report the income on your tax return as well. This one only makes sense if you are looking to contribute to her 401k.

If you want more indo, please reach out and we can help you understand the complexities but the outstanding benefits of paying your relatives out of your company!

12/28/2022

1) The biggest difference between a regular accountant and a tax strategist is that an accountant usually works with you reactively whereas an experienced tax strategist works with you proactively throughout the year.
If you're asking yourself this question, you might already be working with your accountant reactively and basically prepare your tax returns ONCE the year has ended. In comparison, if you were to work with a tax strategist you would be anticipating your financial and tax situations as they arise.
Think about it...

2) There are plenty of taxpayers who are skipping certain deductions because their accountant told them it would increase their risk of being audited. If that is the case and you are recommended not to take a certain deduction to which you could be entitled, it's time to make a change. Why give the IRS more money than necessary? I mean, if you really want, you can always donate to the government. You don't have to overpay your taxes.

3) This third question is crucial and refers back to #1 above. If you solely hear from your accountant when it's time to file your return or pay your invoice, you are unlikely to be getting a high level of service. Indeed, you are seeking someone who will ask good questions continuously throughout the year. Someone that will come to you with new and creative ideas on how to improve your financial situation and, essentially, be a partner in your wealth-building process.

4) Finally, fourth and last question to wonder today: Your tax diagram.
It is simply a 1 page document that is the building block in your planning an optimization. It relates how cash flows between you and your companies and the type of deductions you should be leveraging. If you don't have one, you may be overpaying your taxes.

If you are interested in working with a new tax strategist, feel free to contact us by clicking on the link in the bio or below:
https://linktr.ee/flomia62