1st Step Accounting

01/01/2023

If you drive for your don’t forget to write down your starting odometer mileage today.

The new published mileage rates for 2023 is 65.5 cents per business mile.

02/09/2022

Did you miss the Black History Month QuickBooks Roundtable discussion on health, wellness, and self-care? I don't want to tease you, but it was such a good conversation.

A few takeaways for me were:

You can learn a lot from a "NO". Use that rejection to learn more about your products and services or even your pitch and come back even stronger.

I didn't know that therapy could possibly cost you free 99. Some insurance and private health plans offer mental health coverage that could cost you as low as $0.

It takes 10 years to be an overnight success. The point here is that it will take you time to get your business off the ground but just keep marching forward and you will build something great!

Now for the good news… The panel was recorded so you can click the link below for the blog post recap and a replay of the actual session and glean as much insight as I did from the event.

https://intuit.me/33401h3

Intuit Quickbooks

01/25/2022

Did you know dehydration can have a negative effect on the body? It can lead to reduced motivation and increased fatigue amongst other things.

So this could be a major reason you aren’t as focused as you would like to be when you’re sitting at your desk trying to work.

I’m excited to be partnering with Intuit QuickBooks in a roundtable discussion centering around health and wellness on Feb 1st.

I’ll be joined by other small business owners, Tracee Ellis Ross and Soledad O’Brien to discuss a few ways in which I’m maintaining my health and wellbeing as a business owner.

You will hear the strategies I use for drinking more water throughout the day and how diet and exercise are also key for ensuring I stay healthy during the busy tax season.

This event will also showcase other business owners who too will share with us their wellness strategies and how they are staying stress free while running successful enterprises.

Interested? You can sign up using the link below 👇🏽

http://intuit.me/BHM_NCG

10/25/2021

I’m excited to join T-Mobile for Business to lead the “Business Finances Made Easy” workshop on 10/28 at 2pm EST for . Join me to learn helpful tips to ease the financial management of your business.

Join me: https://t-mo.co/3ipY8j1

03/17/2021

The individual tax filing deadline has been extended from April 15, 2021 until May 17, 2021.

This extension does not apply to estimated taxes due or corporate tax returns both due on April 15th.

01/11/2021

Are you still waiting on your 2nd stimulus payment? Here is more information on what you can expect...

Taxpayers receiving a "Status Not Available" message on the IRS's Get My Payment tool will not get a stimulus check and will need to claim a tax credit.

05/26/2020

Let’s Congratulate our founder for being named one of the Top 50 Women in Accounting 🎉

04/25/2020

With an influx of new tax customers I want to make sure you understand 5 of the most important documents you need to send your new tax preparer in order to get your returns prepared timely.

Please note this list isn’t all inclusive!

If you want to know exactly what you will need please feel free to schedule a free consultation and get your personalized list.

04/16/2020

There is a lot of misinformation floating around the internet about recovery rebate payments or AKA the stimulus checks. Please watch this short video to learn a few more details.

The amount received is dependent on your filing status on your most recently filed 2018 or 2019 tax return.

Filing status:

Single or Head of Household - $1,200
Married filing joint - $2,400
You will also receive $500 for each child UNDER the age of 17

These amounts begin to phase out once your adjusted gross income reaches these amounts (based on filing status):

Single - $75,000 - $99,000
Married filing joint - $150,000 - $198,000
Head of Household - $112,500 - $136,500

For every dependent UNDER age 17 claimed on the tax return you would add $10,000 to increase the beginning phase out amounts.

Update your direct deposit account information and check the status of your credit by using this link https://www.irs.gov/coronavirus/get-my-payment

Taxpayers who are not required to file a tax return are also eligible for this payment. They can apply here https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here.