D&P Financial Services

The holidays can bring joy and celebration, but they can also come with hidden dangers like gift card scams. How the scam works is people will impersonate representatives of the IRS or a charity, trying to get you to purchase gift cards and give them the code numbers off the backs of the cards over the phone. To keep yourself safe when it comes to holiday scams, take these steps: How to Know if it's Really the IRS calling? Ask those who are supposedly from the IRS for more information regarding your account - such as your contact information - and if they become evasive or angry, they are likely scammers. If You've Been Targeted: Report any attempts from scammers requesting payment through gift cards immediately online or by calling your local police department. The holidays should be a time for happiness and relaxation, not anxiety and panic about being targeted by a scammer. So, watch out for holiday gift card scams this season! Keep reading to learn more! #taxpro #personaltax #taxaccountant

Every entrepreneur needs to be using this recipe AT LEAST once a month... Want to end up with the finished product (a.k.a clean financial reports) without having to do it yourself? Click the link below to book an "Accounting & Bookkeeping Consultation" to get on our calendar! ?? Accounting & Bookkeeping Consultation: https://lnkd.in/eMpNKPR5 #taxtime #moneytips #taxprofessional

Here's what I mean by can your business *afford* something: While you might have the cash available in the bank at this EXACT moment to pay for a purchase, will this cash outflow throw off your cash flow? ?? Negative cash flow can be a business killer, and if you aren't positive that you can comfortably afford a new purchase, it's time to invest in a bookkeeper. ?? #taxtime #moneytips #taxprofessional

The IRS has already released some inflation adjustments for the 2024 tax year (a.k.a the return you'll file in 2025). Swipe to learn how it'll affect you! ?? Want more helpful tax content? #taxtime #moneytips #taxprofessional

Promise me this: you'll hire a professional tax accountant (not your mom's friend's cousin) to handle your taxes if any of these slides apply to you! ?? My job is to help you stress less and keep more of your hard-earned dollars in your pocket. Click the link below to book an "Accounting & Bookkeeping Consultation" to get on our calendar and learn how to become a client! ?? Accounting & Bookkeeping Consultation: https://lnkd.in/eMpNKPR5 #taxtime #moneytips #taxprofessional

I know it's only November, but you'd be shocked just how fast the 1099 deadline in January will sneak up on you! ?? One of the biggest problems my clients face at the start of the year is having to chase down W-9s from their contractors. You'll need this form to help you accurately file their 1099 as it contains their contact information, tax classification, and their EIN or SSN! Want to avoid this scramble next year? ?? Make requesting a signed W-9 from each of your contractors a part of your standard onboarding procedures. Then, double-check that you have this form on file a second time before you send their first payment. #taxtime #moneytips #taxprofessional

I track ALL of my business expenses!?? Having a foundation of great bookkeeping makes it as easy as possible for your tax accountant to ensure you're maximizing the deductions you're qualified to take. ?? Think of it this way: if your financial reports don't show an expense, how is your accountant supposed to know to deduct it? As smart as I like to think I am, I'm definitely not a mind reader! Need help with bookkeeping? #taxtime #moneytips #taxprofessional

Here's what I consider when I'm quoting you on monthly bookkeeping services: ?? TRANSACTION VOLUME Your pricing is going to be a lot lower if you have just 50 monthly transactions and one bank account compared to pricing for a business that runs 50+ transactions a day! ?? COMPLEXITY OF YOUR BUSINESS Your pricing can be affected by your industry, business structure, and any unique needs for your business. SPECIALTY ADD-ON SERVICES If you need additional services, like payroll, sales tax calculations, or 1099 filings, these will also factor into your bookkeeping costs. ?? Want to find out what YOUR bookkeeping needs would cost? Click the link below to book an "Accounting & Bookkeeping Consultation" to get on our calendar to fill out my new client inquiry form! Accounting & Bookkeeping Consultation: https://lnkd.in/eMpNKPR5 #taxtime #moneytips #taxprofessional

Contributing to a tax-advantaged retirement account is a powerful way to save for the future (and on taxes!). ?? But, choosing the right retirement plan depends on your goals! Swipe to learn some of the differences between a Roth and a traditional IRA. ?? Need help figuring out which one works best for you? Let's chat! #taxtime #moneytips #taxprofessional

So, I'm begging you to please, please, please open up a separate business bank account! ?? Not only will it make your bookkeeping SO much cleaner, but it can also help you protect your personal assets if you have any limited liability protection. P.S. Did you catch those two music references? I'm not just a regular bookkeeper, I'm a cool bookkeeper! ?? #taxtime #moneytips #taxprofessional