JGT CPA Solutions Accountancy Corporation

08/25/2022

Business owners and entrepreneurs are constantly weighing risk -- and reward.

Consider this "big picture" concept that will still bring large returns:
Invest in sales and marketing automation.

Marketing is the key to growing your business.
And, automation is a way to run your company while you work on growing your company ... in a systematic, "hands-free" sort of way.

08/24/2022

Clutter and disorganized financial documents bring all kinds of stress. We've got a few simple steps to help you get your financial world in order:

EVERYTHING HAS A PLACE - Make sure all of your documents have a "home." Wherever you see receipts and bills piling up, well, that's a good place to set up a "home financial center."

KEEP OR TOSS? - Determine what to keep and what to throw away.
Keep: medical expenses, insurance policies, mortgage bills, warranties, investment records, tax-deductible receipts, tax returns
Toss: grocery receipts, credit card slips for non-tax deductible items, ATM receipts you've already reconciled

SORT YOUR PAPERS - Use these 4 categories:
- bills
- insurance
- bank & brokerage statements
- other important documents

UPKEEP - Spend 5-10 min/day (or 30 min/week) maintaining your files. Open your mail near the trash bin. Circle the due date for bills and file them in the proper order. Then file what needs to be kept.

"You will never win if you never begin." - Robert Schuller

08/23/2022

Did you know that when it comes to unpaid tax, the federal government isn't the only one who will come after you?

Unpaid state sales tax can quickly snowball with penalties and fees, just like your federal taxes. On average, states charge a 6.4 percent interest fee on late remission of sales taxes. That might not seem like a huge amount, but there's another piece to the puzzle...
The average PENALTY fee that states levy against a late filer of sales tax is 17.85 percent.

You need to have someone on your side. We can work with states to set up a payout agreement or a payment plan to help you pay back what you owe, as well as help to repair the consequences of any federal actions.

08/22/2022

Bet you never knew accounting could be so funny.

Ben Affleck and Jimmy read scenes written by elementary school kids where we gave them the title "The Accountant," and they had to write the rest.Subscribe N...

08/19/2022

There are so many projects you can DIY these days. Should your business's tax strategy be one of them, or should you seek the help of a local professional?

08/18/2022

Two months out from the tax extension deadline. It'll be here before you know it.

Reminder: A filing extension doesn't mean more time to pay Uncle Sam.

Let's get those extensions squared away.

08/17/2022

Increasing interest rates, rising prices, and layoffs -- all the recent developments can make you want to panic. To that, I say DON'T!

But also...
If you’re one of those people who’s let things slide when it comes to paying off your debts (especially tax debt)... or you’ve lived haphazardly when it comes to your finances, well…
NOW is the time to get your house in order.

And we can help you figure out how to get started.

08/16/2022

All you entrepreneurs out there, ever considered this?

If you aspire to start a business in the trucking industry, these truck business ideas will inspire you to take the next step.

08/15/2022

Tackling tax debt can be overwhelming, and many people don't face it head on. But taking small, simple steps goes a long way. Get the ball rolling, and you might be surprised at the progress you make. (And we can help

08/12/2022

Nobody likes dealing with audits.

And if facing one seems daunting, there's a simple solution... Have us handle it for you.

But if you want to tackle it all yourself, here are some basic steps you can take to help ward off the possibility of it happening to you:

1) Make sure that any third-party income and reports agree with your records.
2) Make sure you have selected the correct forms and schedules to fill out. Ask yourself: Do the forms apply? Am I stretching the situation?
3) Keep track of bank deposits so that all items will be easy to trace. Write the source of the check directly on the deposit slip, especially transfers between accounts, so that these are not inadvertently counted as income.

08/11/2022

While you can't do much but wait on governmental decisions about the federal student loan repayment pause (and the hotly contested possibility of student loan forgiveness)...

Something you CAN do is consider directing the money you would have used for those payments to other areas -- building your emergency savings, paying off high-interest credit cards, or taking care of other debts you owe the government.

08/10/2022

The passing of the Inflation Reduction Act could actually mean good things for your business...

Autos and utilities are among market winners from climate incentives in the Inflation Reduction Act, but big firms from Amazon to Ford will pay more in taxes.