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New Tax Rates Are Out For 2018

8/29/2018

 
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New Tax Rates Are Out For 2018

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Mike McVay - Tax Accountant - 850-725-5696
www.PensacolaFLTax.com * Mike@MikeMcVay.com

McVay Business Services
5336 N Blue Angel Pkwy 
Pensacola, Fl 32526

Personal or Business Taxes?​Are you ready for thebiggest tax changes in history? We are!​

8/19/2018

 

Personal or Business Taxes?
​Are you ready for the
biggest tax changes in history? We are!
We are LLC and S-Corporation experts​

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Don't lose out of these great deductions because your QuickBooks accounting is not set-up properly or you don't have the proper tax advice for your LLC or S-Corporation. 

Businesses spend a great amount of time and money in recording their financial transactions. However, are these painstaking efforts finally worth it? Let’s explore what role accounting has to play in businesses.

Accounting is extremely important for recording the financial transactions in a business. Without accounting, you cannot display the financial health of your business to your stakeholders. Accounting is pivotal for various aspects and plays a crucial role in preparing the compiled financial statements.

What is Accounting?
A practice of systematic maintenance of records of financial records of the company, summarizing records to compile the financial statements of the organization.

Lenders and Banks: Lenders and banks have to consider the financial health of an organization, on the basis of which loans are granted, considering the revenue earning capacity of the organization. All this is impossible without the existence of a proper accounting system. Previous records of book profits recorded, taxes paid, assets and liabilities of the company are carefully studied before granting the desired amount to the management.

Information to the Investors: Accounts and financial statements represent the organization in front of stake holders, such as investors, creditors, debtors, government, customers, and employees. Accounts act as a representation to these stakeholders, who are directly impacted by the company’s financial position. For example, an investor would watch the company’s performance before investing in its shares.

Plan Your Budget: Budgets help businesses plan strategies, save money for expansion plans, and capital expenditure. It also sets warning signals in case the expenditure is exceeding unusually. Accounting will ensure maintenance of historical records which forms the basis of making and planning budgets.

Report Profits: Primary objective of any business is obviously to make profits. Statutory taxes such as income tax on profits are required to be paid mandatory by business. To ascertain the profit amount, accounting is a must.

Without accounting, your business will be like a ship without a radar, moving direction-less. Even in our day to day mundane activities we keep an account of our income and expenses. Small and big businesses alike maintain accounts to keep a tab on their financial position, which is the major motive of any business. Interested parties can make reliable decisions on the basis of accounts. Of course, management sometimes may engage themselves in dressing up of accounts that with an intention to defraud the stakeholders. New 2018 tax law changes will affect your LLC and S-Corp in many ways. Don't lose out of these great deductions because your accounting is not set-up properly or you don't have the proper advice. 

Mike McVay, Tax Accountant * Certified QuickBooks ProAdvisor * 850-725-5696
​Mike@MikeMcVay.com

AFFORDABLE PROACTIVE STRATEGIC TAX PLANNING

8/8/2018

 
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Affordable Proactive Strategic Tax Planning
 You aren’t getting it now, even if you think you are

It all starts with a simple conversation. Business Owners need trusted, simple advice on complex issues. Your Taxes and Finances are complex. To maximize results, they must work together. That’s what we do. It’s worth a chat, isn’t it? The Tax Blueprint® provides a clear, proactive, strategic tax reduction plan that is customized specifically to you and your business.

A basic business fundamental is to maximize money coming in, and minimize money going out. The easiest way to increase profit is by not spending it unnecessarily. A Strategic Tax Plan is a true “business fundamental,” and odds are you don’t have one.

We use the New IRS Tax Code comprehensively to ensure you only pay what you must. The tax code exists to help you pay less tax, but very few know how to utilize it. Every tax reduction strategy we employ in the Tax Blueprint is sourced and referenced directly to the new 2018 IRS Tax Code. Every strategy is legal, ethical, and moral. The blueprint drills into your business and personal finances in a way to set up a plan to save you thousands in 2018 taxes. 

Mike McVay, Tax Accountant - 850-725-5696

Is your Business prepared for the biggest tax changes in history?

8/1/2018

 
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    Mike McVay, Tax Accountant Blog
    Certified ​QuickBooks ProAdvisor & Licensed Tax Accountant Pensacola, FL
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    Author

    Mike McVay, Accountant Experienced IRS Tax Resolution Specialist
    With over 20-years experience working with individuals, families & small business owners allows me to share helpful information and long term knowledge to help with their income tax, I.R.S tax issues and businesses.
    850-725-5696​
    BestVirtualBookkeepers@gmail.com

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​850-725-5696
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