Kevin D Carter CPA

02/03/2025

To properly maintain your business’ financial records, every transaction must be documented, including the date, amount, and description. To prevent cash flow problems, closely monitor accounts receivable, follow up on past-due invoices and consider charging late fees. To avoid owing late fees yourself, keep an eye on your accounts payable and make payments on time. Need help? Contact us at (401) 736-0040 today.

01/31/2025

A trust ensures that your assets are transferred to your beneficiaries properly and adhering to your wishes. However, different trusts may affect how the inheritance is transferred. Before choosing a trust, take these tips into consideration to guarantee the right trust for your loved ones.

When planning your estate, one of the most important decisions you'll make is ensuring your assets are transferred in a way that benefits your loved ones. One tool that can help you do that is a trust. Trusts come in various forms, and choosing the right one for your beneficiaries is crucial. Select...

01/29/2025

Take control of your finances today with an expert in accounting services! Whether you’re a small business owner or an individual looking for accounting support, we’re here to simplify your financial journey and help you turn your vision into value! Contact us now at (401) 736-0040 for a free consultation and start building a stronger financial future.

01/28/2025

No one likes seeing a lot of their money go straight to taxes. But your savings can grow tax-deferred, or even tax-free, with tax-advantaged accounts. Contributions to traditional IRAs and 401(k)s can be tax-deductible or pre-tax, with no taxes due until money is withdrawn. Contributions to Roth IRAs and 529 plans are after-tax, but qualified distributions are tax-free. Need help figuring out which ones may be best for you? Schedule an appointment with us at (401) 736-0040. We can give you personalized tax guidance.

01/27/2025

The technicalities of bookkeeping may rise as your company grows. Take your financial complexity into account when choosing between hiring an accountant or a bookkeeper. We are here to help make that easy for you. Give us a call today at (401) 736-0040 to schedule a consultation!

01/24/2025

Regardless of whether you have a sprawling mansion or not, estate plans are for everyone because we all have possessions worth protecting. Understanding just what assets matter in an estate plan is the first step in helping you to make informed decisions and cover all your bases. https://bit.ly/48uG9Ri 📞(401) 736-0040

Estate planning is a crucial aspect of financial management that ensures your assets are distributed according to your wishes after you pass away. While it's easy to assume that only the wealthy need estate plans, the truth is that everyone has assets worth protecting and distributing thoughtfully.....

01/22/2025

Starting a new business? Then you need to set up your accounting. To find out more, call our office at (401) 736-0040 to schedule your first appointment with us. We can help you lay down a proper foundation.

01/21/2025

Effective accounting and bookkeeping are critical to a business’ success. While related, they have separate functions. Bookkeeping is the recording of daily financial transactions, including payments made and payments received. Bookkeepers also systematically store financial documentation, such as receipts, purchase orders and invoices. In contrast, accounting uses the data bookkeeping maintains to produce financial statements. Analyzing the statements, accountants like us can provide insights that help owners like you evaluate performance and make smart business decisions. For more information, contact us at (401) 736-0040.

01/20/2025

At tax-filing time, you may be feeling overwhelmed by the complexity. Even the seemingly simple term “taxable income” can be confusing. Most income is taxable unless it’s specifically exempted by law. Examples of exempted income include salary deferrals to 401(k) plans, capital gain qualifying for the home sale gain exclusion, inheritances, and qualified Roth IRA withdrawals. Looking for more tax tips? Give us a follow today and call our office at (401) 736-0040 to schedule your first appointment with us.

01/17/2025

Making tax mistakes can be costly for your business, not to mention stressful! Avoid these common tax mistakes by staying organized and tax-savvy through our professional guidance and tax advice. https://bit.ly/48t6Fe5 📞(401) 736-0040

Running a business involves many responsibilities, and managing taxes is one of the most critical. Unfortunately, many business owners make common tax mistakes that can lead to costly penalties and stress. By understanding these mistakes and learning how to avoid them, you can ensure your business s...

01/15/2025

Even with steady sales, your business may suffer from cash flow issues. How can this happen? You might not be effectively managing accounts receivable. In other words, you may be falling behind on collecting payments from customers. That, in turn, can affect your ability to pay vendors, make loan payments, or even pay yourself and your employees. Let us help take that stress away from you! We’ll focus on managing your accounts so you can focus on growing your business! Contact us at (401) 736-0040.

01/13/2025

Should you adjust your W-4 form? Your employer uses this “Employee's Withholding Certificate” to determine how much income tax to withhold from your paycheck. If more tax is withheld throughout the year than you owe, you’ll get a refund when you file your return. If less is withheld, than you’ll owe tax (and possibly interest and penalties). You can adjust your W-4 form to take more or less out of your paycheck. We can help you determine the optimal amount! (401) 736-0040 .