Renata Maciel

Entrepreneurs often possess a “can-do spirit,” which is an asset for success but can become problematic when running a business, such as bookkeeping and accounting. While it may be possible to handle these tasks initially, warning signs will arise when it’s time to delegate these responsibilities to an expert. DIY Bookkeeping Warning Signs: Breaking Things Down Consistently missing …

Warning Signs That You Should STOP Managing Your Own Books Read More »

Saving money leads to saving time and energy that would have been spent earning that money. Effective time management helps to save time for productive activities such as learning new skills or pursuing hobbies.  Why it’s important to be knowledgeable about your finances and numbers? Knowing your finances and numbers is essential for making informed decisions about …

Savings Time: Know Your Finances And Numbers Read More »

My monthly bookkeeping clients save THOUSANDS by the time tax time comes around and I’m going to share with you why: Throughout the year with they’re able to make intelligent financial decisions because they know what’s happening in their business monthly.  They’re able to cut out unnecessary expenses and raise prices when needed to maintain …

Do You Know What It’s Costing You To NOT Do Your Books Monthly…  Read More »

If you had to make a list 📋 of all the things that most business owners hate 😡, taking care of accounting and other financial matters is probably right at the top 🔝. Keeping up-to-date financial records ✅ is crucial for businesses to understand their financial standing and identify trends and patterns. It provides visibility into different parts of the business, …

Why Quality Bookkeeping Matters Read More »

Knowledge is power, and when it comes to taxes, it’s also money in your pocket. Understanding the difference between tax deductions and tax credits can save you serious cash. So, let’s break it down. Tax deductions are expenses that you can deduct from your taxable income, reducing the amount of taxes you owe. Common deductions …

Do You Know The Difference Between Tax Deductions And Tax Credits? Read More »

Taxpayers who receive a Form 1099-K should use it along with their other tax records to calculate their accurate tax obligation. Unless exempted by law, taxpayers are required to report all their income on their tax return, even if they don’t receive a Form 1099-K. Taxpayers will receive Form 1099-K for business transactions, including income …

Important Tax Tip 😉: Handling Form 1099-K as a Taxpayer. Read More »

Paying taxes is a crucial responsibility that every citizen must fulfill. However, failing to pay the required tax amount can result in penalties. If your withholding and estimated tax payments are not sufficient, you may face a penalty. Additionally, even if you are due a refund, you may still be charged a penalty if you …

Stay Ahead of the Game 😎: Understanding the Significance of Estimated Taxes Read More »