AccountingRx

This time of year is about more than just filing returns–it’s an opportunity to build a stronger foundation for your business. Learn how we're prioritizing your business in 2025 and beyond: https://ow.ly/OZKH50Vq6IA

?? First Time Filing Taxes as a Nonprofit? Start Here! Launching a nonprofit is exciting—but when tax season rolls around, it can get confusing fast. If it’s your first time filing, here are some essentials to keep in mind: ?? Know Your Filing Form – Most nonprofits will file a version of Form 990 (990-N, 990-EZ, or 990)—which one depends on your size and structure. ? Stay Compliant with 501(c)(3) Requirements – Missing annual filings can put your tax-exempt status at risk! ?? Track Program vs. Admin Expenses – The IRS (and donors) want to see how your funds are used. Good bookkeeping matters. ?? Acknowledge Donor Contributions – If donors gave $250+ at once, they need a proper receipt for tax purposes. ?? Ask for Help if You Need It – Filing for the first time can be tricky. An experienced accounting partner can guide you through the process. Your mission is important—don’t let tax season get in the way. Let’s make sure your finances are just as impactful as your cause. ?? #NonprofitTaxTips #FirstTimeFiler #Form990 #NonprofitFinance #MissionDriven #TaxSeason2025

?? First Time Filing Taxes for Your Small Business? Read This! Tax season can feel overwhelming—especially when it's your first time filing as a small business owner. Here are some quick tips to keep things smooth and stress-free: ?? Know Your Entity Type – Sole prop? LLC? S Corp? Your structure affects your forms and filing deadlines. ?? Keep Records Organized – Income, expenses, receipts, mileage—good records = fewer headaches and better deductions. ?? Don’t Mix Personal & Business Finances – If you haven’t already, open a separate business bank account. ?? Be Aware of Deadlines – April 15 isn’t the only one. Estimated taxes and entity-specific dates matter too. ?? You Don’t Have to Do It Alone – A tax professional (or outsourced accounting team ??) can save you time, money, and stress. Filing for the first time is a big milestone—make it a smart one! ?? #SmallBusinessTaxes #FirstTimeFiler #TaxTips #EntrepreneurLife #OutsourcedAccounting #TaxSeason2025

?? Happy Spring - and Tax Season! Important Deadlines You Need to Know ?? Spring isn’t just about blooming flowers and warmer weather—it’s also crunch time for tax deadlines! Mark your calendar for these key dates: ?? April 15 – Tax Day! Individual & C Corporation tax returns are due. Plus, the first 2025 estimated tax payment. ?? May 15 – Nonprofit filing deadline for Form 990 series. Keep your tax-exempt status in check! ?? June 16 – Second 2025 estimated tax payment due—don’t let it sneak up on you! Stay ahead of the season and avoid last-minute stress. Need help? We’re here to make tax season a breeze! ?? #TaxSeason #SpringTaxDeadlines #SmallBusiness #NonprofitFinance #StayAhead

?? What Can an Outsourced Accounting Department Do for You? Running a small business or nonprofit means wearing many hats—but accounting doesn’t have to be one of them. When you outsource your accounting, you gain a full finance team without the overhead of hiring in-house. Here’s what we can handle for you: ?? Bookkeeping – Keep your records accurate and up to date. ?? Payroll Processing – Ensure employees & contractors are paid correctly and on time. ?? Financial Reporting – Get clear insights into your finances to make better decisions. ?? Tax Compliance – Stay on top of filings & deadlines without the stress. ?? Accounts Payable & Receivable – Manage cash flow smoothly and efficiently. ?? Strategic Financial Guidance – Budgeting, forecasting, and financial planning. With an entire finance team on your side, you’ll save time, reduce stress, and gain financial clarity—without worrying about hiring, training, or turnover. Ready to see how outsourcing can work for you? Let’s talk! ?? #OutsourcedAccounting #FinanceSolutions #SmallBusinessSupport #NonprofitFinance #StressFreeFinances

??? Happy St. Patrick's Day, everyone! ???? Let's chase rainbows and find some luck today! ?? Whether you're sporting your favorite green gear or enjoying a shamrock shake, remember to spread joy and good vibes.????

?? Reminder for S Corps & Partnerships! ?? Today, March 17, is the IRS deadline to file your S Corporation (Form 1120-S) and Partnership (Form 1065) tax returns for the 2024 tax year. If you need more time, make sure to file for an extension (Form 7004) to avoid penalties! Don't wait—take action now to stay compliant. ? #TaxDeadline #SmallBusiness #SCorp #PartnershipTaxes

?? Get Ahead of the Chaos: How to Prepare Your Team for a Stressful Season A busy season is coming—tax deadlines, year-end reporting, fundraising campaigns… whatever it is, don’t wait until the stress hits! Here are 5 ways to set your team up for success: ? Plan Ahead – Outline key deadlines and delegate responsibilities early. ? Check in on Workloads – Make sure no one is overwhelmed before things get hectic. ? Automate & Streamline – Use software and tools to cut down on manual tasks. ? Set Realistic Expectations – Be clear about priorities and what can wait. ? Stock Up on Coffee (and Encouragement!) – A little support goes a long way! The best way to reduce stress? Prepare now. What’s your go-to strategy for surviving busy seasons? #WorkplaceSuccess #SmallBusiness #NonprofitLife #BusySeasonPrep #StressManagement

?? Hiring In-House vs. Outsourcing: What’s the Real Cost? Many businesses assume hiring an in-house bookkeeper or accountant is the best choice—but have you considered the full cost? ? Salary & Benefits – A full-time employee means paying for wages, health insurance, retirement, and other benefits. ? Training & Turnover – Finding and keeping skilled accounting staff is harder than ever. Replacing an employee can be expensive and time-consuming. ? Workload & Expertise – One person can only do so much. Outsourcing gives you access to a full team with broader expertise. Outsourcing can be a cost-effective way to get expert financial support without the overhead of a full-time hire. Want to see if it’s the right fit for your business? Let’s talk. ?? #OutsourcedAccounting #FinanceSolutions #BusinessGrowth #AccountingHelp

Many businesses start with just one person handling all their accounting. But what happens when that person retires, moves on, or simply becomes overwhelmed? Outsourcing your accounting means you’re not relying on a single individual—it’s like having an entire finance department at your fingertips. With AccountingRx, you get a bookkeeper, controller, CPA, and a financial advisor all rolled into one dynamic team, ensuring your finances are always covered, no matter what. ? Reduce stress ? Gain expert support ? Potentially save money vs. hiring in-house Make the smart move before a transition becomes a crisis. Let’s talk. ?? #OutsourcedAccounting #FinanceSolutions #BusinessGrowth