F.A.S.T., LLC

06/18/2022

Effective on July 1, 2022, the standard mileage rate for business travel will increase 4 cents to 62.5 cents per mile. We recommend taking odometer readings on June 30 and December 31. Mileage from Jan-Jun and Jul-Dec will have different rates.

04/14/2021

The title of this article is a bit misleading, but there is a difference between the 2020 income tax deadline and the Quarterly Estimated Tax deadline for 2021 for small business owners and independent contractors. The 1040-ES payment for Q1 this year is STILL DUE ON APRIL 15TH! You will pay penalties next year if you miss this important deadline.

While the IRS has extended the tax-filing season to May 17, it didn't adjust the April 15 due date for first-quarter estimated tax payments.

06/12/2020

If you are a small business owner, we are here to help!

01/22/2020

Oops? Most business owners would likely be facing serious consequences for these accounting practices.

The Pentagon made $35 trillion in accounting adjustments last year alone -- a total that’s larger than the entire U.S. economy and underscores the Defense Department’s continuing difficulty in balancing its books.

01/20/2020

F.A.S.T. offers this service. Here's how to prepare and what to know:

It's that time again to send 1099s out to your vendors. Here's a breakdown of what to do.

01/17/2020

During an appearance at the National Retail Federation’s “2020 Vision” trade show this month, the Oscar-winning actress Gwyneth Paltrow told a packed house that she knew what she wanted to accomplish when she launched Goop from her kitchen table in 2008, but she didn’t know she would need bookkeeping skills to do it:

‘If you told me when I was on the set of “Shakespeare in Love” that I should learn accounting, I wouldn’t have believed it.’

Gwyneth Paltrow spoke with Ellevest Chief Executive Sallie Krawcheck about the launch of her business Goop.

01/14/2020

The "Success Trap". Where is your focus?

01/13/2020

Very serious business....

"The Public Safety Personnel Retirement System's accounting system is so unreliable that state and local governments may have overpaid or underpaid their mandatory pensions payments over the past two years."

The financially troubled Public Safety Personnel Retirement System, in an unusual move, issued a warning Wednesday that its annual audit may be wrong.

09/03/2019

"Cost accounting is enemy number one of productivity."
(But try to make sure it's done right by pros.)
https://fastllcaz.com/about/

09/02/2019

I believe in the dignity of labor, whether with head or hand; that the world owes no man a living but that it owes every man an opportunity to make a living. – John D. Rockefeller

08/30/2019

Our team has over 40 years in combined experience advising and managing small businesses accounting, managing sensitive and confidential business administration, tactics and issues, project management as well as small business management. - https://fastllcaz.com/about/