Plan Ahead For Capital Expenditures

Don’t look now… but another exciting edition of Bean There, Done That has just arrived in your email inbox!
Actually, go ahead and look now.

This edition is dedicated to ideas for making your business more profitable, your tax bill lower, your teeth whiter, just kidding, and all your dreams come true.

As you might imagine, we’re super-busy around here this time of year… but in all seriousness, we are never too busy for YOU, our cherished client. If we can do anything to help your business, even during this busy season of the year, we want to do it.

We know tax season adds extra busy-ness to your business, too!

Let’s get busy improving your bottom line together.

Once again, thanks for making DK/RK Services your first choice in bookkeeping… and for passing this edition on to your many friends who’ll want to subscribe for a “monthly smile.”

Wishing You Heaps Of Fun, And A Healthy Serving Of Beans.

The Tomfoolery Is Upon Us

Bean There, Done That
Monthly Bookkeeping Wisdom From Your Friendly Bean-Counter

Hey, as a highly-trained financial professional, I can tell you exactly why you’re getting all those tax-related notices and forms in the mail (and/or email) these days.

It’s because – and maybe you already heard about this somewhere – it’s “tax season,” once again.
Yes, all highly-trained financial professionals, such as your Friendly Bean Counter (FBC) are taught all about helping businesses prepare for tax season during their advanced and extremely technical course work in Bean Counting.

But as a “normal person,” you are probably an expert on other things (such as the business you’re running), and not necessarily on things like getting your firm’s books ready to stand up to the intricacies of the Internal Revenue Service’s many codes and regulations…

(Actually, there is not one person alive who knows all of the intricacies of the IRS’s codes. But I digress.)

… So while you might have heard of “tax season,” it’s probably not something you’re focusing on throughout the year.

You’re probably focusing on your business.

Meanwhile, while your CPA is your go-to source for tax-specific advice and for filing your personal and business returns… if you don’t do your books yourself (and even if you do), you could probably benefit from the awesome bookkeeping prowess of your FBC before you consult your tax accountant.

Here’s the thing: Your FBC not only focuses on the hijinx and tomfoolery going on over at the IRS, but also on your business, and how the aforementioned hijinx and tomfoolery might impact the later-mentioned business.
So here in the epicenter of the financial whirlwind known as “tax season,” it’s the perfect time to sit down with your FBC (this can be done virtually through the miracle of virtual meetings).

Let’s go over all your records and information from last year – we’ll either review the books you and your staff put together, or we’ll help you by getting them in order ourselves (the books, not the staff).

Then we’ll see if your business might benefit from some thoughts and advice from a highly-trained financial professional before sending your stuff to your CPA.

Nobody knows your business better than you do. But second on the list of people who know your business might well be your FBC. And your FBC thinks about your business – and the IRS’s ever-changing requirements and, well, tomfoolery – all year long.

Not just at “tax season.”

So get in touch to schedule some time with your FBC today! Meaning, get in touch today! The time you schedule will likely be later. After all, highly-trained financial professionals are generally a tad busy during tax season.

But never too busy for you.

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Plan Ahead For Capital Expenditures

Most businesses have to invest in equipment, inventory, and stuff like that from time to time.

And, speaking of time, did you know the timing of capital expenditures can make a big difference in your firm’s tax situation?

If you have expenditures looming in your company’s near future – or even if those expenditures might be made any time in the next year or so – it might be a smart move to talk to your FBC and your tax professional now about the tax impact of those lay-outs.

In some cases, a significant expenditure could be timed to favorably impact more than one tax year!

Don’t forget: at DK/RK Services, you’re always “more than a number.” We WANT to take care of your bookkeeping, professionally and personably, so you can focus on running and growing a great business enterprise! Please check out our many enthusiastic FIVE STAR online reviews (Yelp, Google, Facebook, you name it). We look forward to earning our next great review from YOU.

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