XL Business Strategies

XL Business Strategies We offer small business assistance including: bookkeeping, consulting, advertising/marketing, payroll/payroll taxes, sales/use tax, LLC formation, and more.

As a small business ourselves, we are committed to providing personalized and quality services.

11/16/2024

Thinking about ways to set yourself/family up for the future? Whether that be setting money aside for tuition, retirement, buying a home, etc., LET YOUR MONEY WORK FOR YOU! Why let $10,000 sit in a savings account that accrues 0.20% interest when you can put it in a Certificate of Deposit (CD), Money Market, Stocks, or index funds?

Imagine being 25 and asking yourself, “How much do I need to contribute per paycheck to have $1 million dollars by the time I am 62?” If you started out by putting $100 per paycheck (assuming you get paid bi-weekly) into a medium risk index fund that sees an average growth of 10% year over year and up your contribution to $110 after the first year for 37 years, you would have $1 million dollars at 62, while only contributing $106,000. 😳 I don’t know about you, but that sounds like a deal!

It may feel overwhelming because you don’t know where/how to start, but you don’t need a financial advisor for this.

CONSISTENCY IS THE KEY ‼️

Reach out and let us help you set yourself and your family up for a financially stable future!

Ever wonder how capital gains might affect you? The short answer is “it depends”. There are many variables that play a p...
11/15/2024

Ever wonder how capital gains might affect you? The short answer is “it depends”. There are many variables that play a part in the question. How long did you hold the asset? What tax bracket do you belong in? What is the amount of your realized gain? In what tax year did you make the sell? There are short term capital gains and long term capital gains and each are taxed differently. When you sell a capital asset (stocks, bonds, precious metals, jewelry, and real estate) for more than the purchase price, you have realized gains on that asset.

Short term capital gains are incurred when an asset is held for one year or less. They will be taxed as ordinary income ranging from 10%-37% depending on the income tax bracket that you fall under.

Long term capital gains are taxed at a more favorable rate and are incurred when an asset is held longer than one year. They are taxed at 0%, 15%, or 20% depending on your income and tax filing status.

It’s not just about the numbers! When choosing someone to entrust your business to, you want someone who has a genuine i...
11/14/2024

It’s not just about the numbers! When choosing someone to entrust your business to, you want someone who has a genuine interest in YOUR business venture. At XL Business Strategies, we believe in establishing a great working relationship with our clients to ensure that they feel confident to know that they are always one phone call away from getting real time data.

Need some business advice but unsure of where to start? Let’s chat! Shoot us a message to set up a free consultation to ...
08/01/2024

Need some business advice but unsure of where to start? Let’s chat! Shoot us a message to set up a free consultation to discuss your goals and any questions that you may have about your business.

Hey everyone! My name is Evans Ray. After graduating with a master’s degree in business administration, I discovered a n...
07/29/2024

Hey everyone! My name is Evans Ray. After graduating with a master’s degree in business administration, I discovered a newfound interest in all things relating to business and finance. After spending some time as an accountant with our local hospital, I had the opportunity to learn all of the intricacies of accounting and finance on a large scale. By doing so, it has given me the knowledge and experience needed to provide these services for some of our local small businesses already. As the spouse of a small business owner, I have learned the ins-and-outs of all of the time it takes to run a business. This has inspired me to use my experience and education to help others utilize their time most efficiently and relieve some of the financial stress that comes with owning a small business. At this time, I am accepting limited new clients. XL Business Strategies offers small business assistance including: bookkeeping, consulting, advertising/marketing, payroll/payroll taxes, sales/use tax, LLC formation and more. I would love the opportunity to find out how I can help your business grow and create a customized plan for your small business! Please share this post, give this page a follow, and reach out if I can help your business in any way!

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Winchester, TN
37398

Telephone

+19316913992

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