Decimal

04/19/2024

The real estate industry is a great place to find success, and we recently dove in to explain the importance of quality bookkeeping and how it can help real estate businesses thrive.

Check out our article with Tax Taker, which goes over exactly why bookkeeping is so important in this space and why you should not delay building a solution that can grow with the business.

Explore more here!

Maximize your real estate success with expert bookkeeping. Navigate compliance, leverage tax benefits, and stay ahead with emerging trends!

04/12/2024

We've got some exciting news coming up on Monday!

Be sure to follow along and see what's happening 😍

03/18/2024

Unsure of what you can deduct for business meals? Check out our guide and see the important changes for the new tax year.

• The Basics: Understand what qualifies as a business meal and the strict rules surrounding deductions.

• Recent Changes: Stay informed about the temporary 100% deduction for restaurant meals during 2021-2022 and its sunset in 2023.

• Documentation: Learn the importance of keeping accurate records and best practices for tracking meal expenses digitally.

Don't let the complexities of meal deductions catch you off guard.

Dive into our guide to maximize your deductions and stay compliant: https://www.decimal.com/blog/business-meal-deductions

03/15/2024

There has been a 17% decline in the amount of accountants in the market over the past two years.

So it's becoming increasingly important to work with accountants that understand the tech landscape and how to lean into automation to tackle various tasks.

With more technology becoming available, partnering with accountants who understand how to improve processes and get the most value out of each solution will be what separates successful businesses from the ones that can't keep up at the rate of innovation in the market.

Check out our article to see more about this!
https://www.decimal.com/blog/accountants-and-automation

03/13/2024

Do your finances paint the right picture for your business or could they potentially be misleading the strategy?

In this article, we dive into why accurate financials are absolutely necessary to running a successful business.

We'll discuss:
- Why you need to be able to trust your financials and how to lean on technology to assist the process
- How this information is required for tax reporting, attracting capital, informed decision making, and more
- & How it will help avoid pitfalls like potential financial losses and legal implications

Don't let inaccurate financial information hold your business back.

Read our guide to learn how to maintain accurate financial records and drive your business forward: https://www.decimal.com/blog/accurate-financial-information

03/11/2024

Are you realizing the full potential of your fleet's tax deductions or leaving opportunities on the table?

🚗 Maximizing Deductions: Learn how to navigate vehicle expenses to improve your company's cost-efficiency. Whether you're a small startup or a large corporation, our guide has you covered.

🚗 Choosing the Right Method: Discover the benefits of the mileage method vs. actual expenses and find out which fits your business model best. From simplicity to comprehensive coverage, we break down what you need to know.

🚗 Technology for Efficiency: Embrace technology to ensure accurate tracking and compliance. Explore top mileage tracking apps and fleet management software that can transform your approach to vehicle deductions.

Don't let valuable tax deductions slip through your fingers.

Dive into our guide and take control of your fleet's financial management: https://www.decimal.com/blog/vehicle-deductions-for-fleets

03/08/2024

Not sure whether to stay as an LLC or convert to a C Corp?

Check out our article outlining why you should convert and when it might be a good idea to stay as an LLC.

We'll review:
⭐ Benefits of Conversion: Explore how transitioning from an LLC to a C Corp can unlock new opportunities for venture capital, enhance your ability to go public, and provide a structured framework for growth.

⭐ Navigating the Process: Learn about the legal steps, from statutory conversion to mergers, and ensure a smooth transition with insights on key considerations like management styles and future fundraising goals.

⭐ Tax Implications: Understand the shift from pass-through taxation to the double taxation model of C Corps, and how this impacts your financial planning and tax strategies.

Don't miss out on the potential advantages of converting your LLC to a C Corp.

Read the full article for a comprehensive guide: https://www.decimal.com/blog/llc-to-c-corp

03/06/2024

Is your business prepared for the Corporate Transparency Act?

This new legislation is set to change the way companies report their ownership, aimed at enhancing anti-money laundering efforts in the US. It's time to understand what this means for your business, from identifying beneficial owners to meeting crucial filing deadlines.

The act imposes new reporting requirements on small businesses and those seeking federal licenses or contracts. Understanding these changes can be challenging, but our latest article breaks down everything you need to know to stay compliant and avoid penalties.

Don't let the Corporate Transparency Act catch you off guard. Get ahead by reading our comprehensive guide and ensure your business is ready for the new era of corporate transparency.

Check out the full article here: https://www.decimal.com/blog/corporate-transparency-act

02/28/2024

Want the benefits of a CFO but aren't quite ready to make that full-time hire?

Explore the options of outsourced CFOs for your business to get the financial strategy you need at a fraction of the cost.

One of the best perks of an outsourced CFO is that you can find a partner who is experienced in your industry, understands your stage of business, and has already built roadmaps to grow a company in your situation.

More and more companies are looking to bring on fractional support, which is why we partner with outsourced CFOs with a wide variety of experience.

Interested in connecting with them? Let us know!

In the meantime, see how they can help your business here!
https://www.decimal.com/blog/outsource-cfo

02/23/2024

Have you always viewed bookkeeping as a cost center when it could actually be the source of your competitive advantage?

Getting more detailed visibility into the financial performance of your business could show you new opportunities as well as areas that need to be avoided.

That's all driven from an accurate view of costs by activity accurately mapped back to each department.

Without that visibility, the service or product you're selling the most of could be one that isn't the best for your margin.

Imagine being able to see where the best margins are to be able to decide where to increase marketing promotions and sales efforts that would all improve the bottom line.

Accurate and detailed bookkeeping helps enable those decisions.

But if it's treated like a means to an end, those insights may never be found!

02/21/2024

Did you miss our webinar in December for the top tax considerations for 2024?

If taxes are on your mind and you want to deep dive into all the areas to keep in mind, you'll want to check it out.

We review the dates to mark in your calendar, how to best plan to maximize deductions, important changes to consider, and more.

Catch the replay on our site now!
https://www.decimal.com/resources/tax-webinar

Have any questions? Get in touch with our team and see what we can do for your tax filings!

Sign up for Decimal's tax webinar on 12/14 at 2 pm. Get the top tax considerations for your business as we approach the new year.

02/19/2024

In the world of HVAC, there are many opportunities to get significant deductions from ongoing operations.

It takes the correct processes, the right technology, and the knowledge of what is available to do it correctly.

When tackled with a strong plan, an HVAC business can retain more money to put back towards their business.

Check out our guide on the top 10 deductions for HVAC businesses and see if there are opportunities that you might not have considered before!

Get the essential information around tax deductions for HVAC businesses. With the amount of possibilities to reduce your tax liability by capturing detailed information from your operations, this guide will help you approach taxes with confidence.