MJ Consultancy的封面图片
MJ Consultancy

MJ Consultancy

金融服务

Financial Transformation Made Simple: Elevate Your Accounting Efficiency with MJ Consultancy!

关于我们

With MJ Consultancy, whether you are a small business owner aiming to optimize your financial operations or an individual seeking guidance in managing personal finances, count on us to provide personalized attention and tailored services of the utmost quality. Together, we will empower you to confidently achieve your financial goals.

网站
https://mjconsultancy.carrd.co/
所属行业
金融服务
规模
1 人
总部
Ohio
类型
个体经营
创立
2023
领域
Finance, Accounting, Bookkeeping, Taxes, Payroll, Consultancy, Invoicing and MUCH MORE!

地点

MJ Consultancy员工

动态

  • MJ Consultancy转发了

    查看Mariya Jalal的档案

    Empowering Small and Medium Businesses by Streamlining their Accounting, Bookkeeping, Payroll, Taxes, Operational Strategies and more.

    Why Every Entrepreneur/Business Owner Needs Copywriting Skills?? Your business isn’t just selling a product or service, it’s selling a story. And if that story doesn’t resonate, even the best ideas get lost in the noise.? Here’s why mastering copywriting is non-negotiable:? 1?? Clarity = Credibility ? Cut through the clutter. Persuasive copy articulates your value in seconds, turning confusion into curiosity (and curiosity into clients).? 2?? Build Trust on Autopilot Great copy speaks directly to your audience’s pain points, positioning you as the guide they’ve been searching for. No trust? No transaction.? 3?? Convert Scrollers into Buyers ?? Your website, emails, and ads are 24/7 salespeople. Sharpen your copy to turn passive readers into paying customers without overspending on ads.? 4?? Client Management Made Easier ? From onboarding emails to newsletters, clear communication reduces misunderstandings, boosts retention, and turns clients into raving fans.? 5?? Save $$$, Grow ROI Why outsource what you can own? Basic copy skills let you tweak campaigns on the fly, test messaging, and scale profitably.? Copywriting isn’t about “writing” it’s about understanding human psychology and leveraging words to drive action. Invest 30 minutes daily to learn it, and watch your marketing (and revenue) transform.? #Entrepreneurship #MarketingTips #Copywriting #BusinessGrowth #ClientAcquisition? P.S. If you’re “too busy” to learn copywriting, ask yourself: Can you afford to stay invisible?

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  • MJ Consultancy转发了

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    Empowering Small and Medium Businesses by Streamlining their Accounting, Bookkeeping, Payroll, Taxes, Operational Strategies and more.

    Thinking about electing S-Corp status for your LLC? This guide breaks down everything you need to know, from tax savings to filing deadlines and walks you through the step-by-step process of filing Form 1120-S. Whether you're a solo entrepreneur or managing a growing team, this article will help you make informed decisions to optimize your tax strategy. Tax season is here, and if you run a small business, choosing the right entity structure can make a significant impact on your tax liabilities and overall financial health. Let’s break down what an S-Corp return involves and why an LLC might choose to elect S-Corp status.

  • MJ Consultancy转发了

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    Empowering Small and Medium Businesses by Streamlining their Accounting, Bookkeeping, Payroll, Taxes, Operational Strategies and more.

    How I Turned LinkedIn Into My Sales Page & 7x’d My Income 2 years ago, I made a decision that completely changed my life: I stopped treating LinkedIn like just another social media platform and started using it as my sales page and re-created my profile as my PERSONAL BRAND. Then, I Left my corporate 9-5 Job and established MJ Consultancy Fast forward to today… I’m earning 7x more than I was earning in my employment. Yes, SEVEN times more. And the best part? You can do it too. Here’s what happened: I connected with a potential client on LinkedIn. Instead of jumping straight into a pitch, I focused on building an honest, meaningful conversation. By the time we hopped on a call, the trust was already there and guess what? I closed the deal right on the spot. Want to know how I made it happen? Let me break it down for you: ?? What Worked for Me (and Can Work for You Too) 1?? Optimize Your Profile for Impact Think of your LinkedIn profile as a landing page. Every section should clearly showcase how you solve problems and bring value to your audience. 2?? Engage Like a Human, Not a Salesperson Comment on posts, share insights, and build authentic connections. People don’t want to be sold to, they want to feel understood. 3?? Be Consistent Post regularly. Share your wins, lessons, and expertise. The more consistently you show up, the more opportunities will start coming your way. 4?? Master the Art of Communication When reaching out to potential clients, focus on them. Show real interest in their pain points and goals before mentioning your services. 5?? Close with Confidence Once trust is built, don’t shy away from asking for the meeting or pitching your solution. Confidence is key! If you believe in what you offer, others will too. ? Your LinkedIn Game-Changer Moment Awaits LinkedIn has been a game-changer for me and it can be for you too. If you’re ready to start landing clients and scaling your business, don’t wait for "perfect." Start showing up, adding value, and building trust today. Want me to walk you through the exact step-by-step approach I use to close clients? ?? Check out my FREE E-book link in the comments! #EntrepreneurTips #ClientAcquisition #ClientClosingTips

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  • MJ Consultancy转发了

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    Empowering Small and Medium Businesses by Streamlining their Accounting, Bookkeeping, Payroll, Taxes, Operational Strategies and more.

    I’m thrilled to share a personal milestone that I’ve been working hard towards!! I’ve officially earned my QuickBooks Online (QBO) Level 1 AND Level 2 ProAdvisor certifications by Intuit. For those who don’t know, this certification is a big deal in the accounting and bookkeeping world. It’s not just about mastering QuickBooks (though that’s a huge part of it ??), it’s about being equipped to help businesses streamline their finances, save time, and make smarter decisions. This journey has been equal parts challenging and rewarding. From diving deep into advanced features to understanding how to solve real-world financial puzzles, I’ve gained skills that I can’t wait to put into action for my clients, colleagues, and community.? If you’re a business owner or entrepreneur looking to take control of your finances, let’s chat! I’d love to help you unlock the full potential of QuickBooks and take your business to the next level. ??? And to my fellow professionals, keep pushing forward. Certifications aren’t just badges; they’re proof of your dedication to growth and excellence. Let’s keep raising the bar! ??? #QBOProAdvisor #QuickBooks #Bookkeeping #Accounting #SmallBusiness #Certification #CareerGrowth #AchievementUnlocked? P.S. If you’re curious about QuickBooks or how it can transform your business, DM me. I’m always happy to help! ??

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  • MJ Consultancy转发了

    查看Mariya Jalal的档案

    Empowering Small and Medium Businesses by Streamlining their Accounting, Bookkeeping, Payroll, Taxes, Operational Strategies and more.

    I’ve seen businesses recover from this, but it’s painful. One of my client owed $50k in penalties before they hired me and fixed their process. Don’t be that story.? Let’s talk about a mistake called "Unpaid payroll taxes." You’ve worked hard to pay your team on time. But if you’re not also paying the IRS and state taxes withheld from those paychecks, you’re sitting on a ticking time bomb. ? Why This Hurts More Than You Think? - Penalties pile up FAST: The IRS charges interest + fines (up to 15%!) for late payroll tax payments.? - Cash flow chaos: Owing back taxes can freeze your accounts or even force you to close.? - Personal liability: In some cases, business owners are held personally responsible. Yikes.? The Fix? Two Game-Changing Habits: 1?? Isolate the Cash → Open a separate bank account just for payroll taxes.?? → Every pay period, transfer the withheld amount immediately.? This ensures the money isn’t accidentally spent on ops, inventory, or that office espresso machine.? 2?? Automate Payments → Use tools like Gusto, QuickBooks Payroll, or ADP to auto-schedule tax payments.?? → Never miss a deadline again.? Automation = fewer migraines. Why This Works: ? - No more “Oops, I forgot”: Automation removes human error.?? - Trust > Stress: Employees trust you with their paychecks. The IRS expects the same reliability.?? - Sleep better: Compliance isn’t glamorous, but it’s non-negotiable.?? ? #Payroll #SmallBusiness #TaxCompliance #Leadership #EntrepreneurLife? ---? Like this??? Repost to save a fellow founder from IRS nightmares! (Follow me for more Accounting and Finance tips!)??

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    85 位关注者

    Prioritize proper handling of sales tax to safeguard your business from audits, penalties, and potential legal repercussions. Read more in the post below and follow Mariya Jalal and MJ Consultancy for more.

    查看Mariya Jalal的档案

    Empowering Small and Medium Businesses by Streamlining their Accounting, Bookkeeping, Payroll, Taxes, Operational Strategies and more.

    Small Business Owners: Don’t Let Sales Tax Become a Time Bomb ?? Let’s talk about a problem that’s way too common (and way too risky) for small businesses: "Collecting sales tax but forgetting to remit it."? You’re not alone if this has happened to you. Maybe you’ve been swamped with orders, juggling payroll, or just plain forgot. But here’s the harsh truth: Unremitted sales tax = a ticking time bomb for penalties, audits, and cash flow nightmares. ?? Why This Happens:? - Manual tracking fails: Spreadsheets get messy.?? - Deadlines slip: Tax due dates vary by state/country.?? - Cash flow confusion: That “extra” money in the bank isn’t yours, it’s the taxman’s.? ??? How to Fix It (Before It’s Too Late):? 1?? Automate, automate, automate! Tools like QuickBooks, Avalara, or TaxJar track sales tax in real-time, calculate what’s owed, and even file returns for you. No more guesswork.? 2?? Reconcile monthly (not annually!)? Block 30 minutes each month to:? ?? Confirm collected tax matches your records.?? ?? Set aside funds in a separate account.?? ?? Double-check filing deadlines.? 3?? Audit-proof your process ?? Keep digital records of every transaction. If the IRS or state comes knocking, you’ll sleep easy.? Why This Matters:? Sales tax isn’t your money, it’s a legal liability. One missed payment can snowball into fines, interest, and reputational damage. Automation isn’t just a “nice-to-have”… it’s a business survival tool.??? #SmallBusiness #TaxCompliance #Entrepreneurship #FinanceTips #AutomationMatters? Like this??? Repost to spread the wisdom! (Want more bite-sized finance tips? Ring the ?? on my profile!)

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  • MJ Consultancy转发了

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    Empowering Small and Medium Businesses by Streamlining their Accounting, Bookkeeping, Payroll, Taxes, Operational Strategies and more.

    Is Accounts Payable Costing You? Let's talk about "duplicate vendor payments". They happen more often than you think and quietly erode your company's profitability. The Solution I prefer is a Rock-Solid Three-Way Match! This process verifies 03 crucial documents before ANY payment is released. Here's the breakdown: 1.?Purchase Order (PO): Your intent to buy. ?Example: PO states 10 laptops @ $800 each. 2.?Goods Receipt (GR): Proof you received what you ordered. ?Example: GR confirms 10 laptops arrived in good condition. 3.?Vendor Invoice: The bill from the vendor. ?Example: Invoice requests payment of $8000 for 10 laptops. How Three-Way Matching Prevents Errors: Scenario: Vendor accidentally sends two invoices. - Without Three-Way Match: Both invoices could be paid! ??♀? -With Three-Way Match: The second invoice lacks a corresponding PO/GR and gets flagged! ? Benefits Beyond Duplicate Prevention: 1-Improved Accuracy: Pays for ONLY what was ordered & received at the CORRECT price. 2-Fraud Detection: Catches shady invoices. 3-Stronger Vendor Relationships: Less payment disputes! Three-way matching isn't just a process; it's a profit protector! Implement it, automate it if you can, and watch your AP efficiency soar. #AccountsPayable #APAutomation #Finance #Accounting #ThreeWayMatch #DuplicatePayments #Efficiency #ProcessImprovement #VendorManagement #Corp

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  • MJ Consultancy转发了

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    Empowering Small and Medium Businesses by Streamlining their Accounting, Bookkeeping, Payroll, Taxes, Operational Strategies and more.

    Understanding Form 1099-K in 2025: What Businesses & Freelancers Need to Know! Form 1099-K is critical for anyone receiving payments through credit cards, payment apps (Venmo, PayPal, etc.), or online marketplaces. With updated IRS thresholds for 2025, here’s what you must know to stay compliant:? Who Receives a Form 1099-K? ? You’ll get this form if:? - You accept credit/debit card payments for goods/services (no minimum threshold) - You earn over $2,500 in 2025 via payment apps/marketplaces. ?-Example: Freelancers, ride-share drivers, or small businesses using platforms like Etsy or eBay.? ??Key Note: Even if you don’t receive a 1099-K, all taxable income must still be reported. 2025 Reporting Threshold Changes ? -$2,500: Minimum payment volume for third-party platforms (e.g., PayPal) to issue Form 1099-K in 2025. -$600 threshold resumes in 2026 under the American Rescue Plan.? What’s Taxable vs. Non-Taxable? ? Reportable Income:? - Sales of goods/services (even personal items like furniture/clothing).? - Rental income or gig economy earnings.? ?Non-Taxable:? - Personal payments (gifts, splitting bills, reimbursements). ?? ?- Tip: Label these as “non-business” in payment apps to avoid confusion. Action Items for 2025 ?? 1. Track All Income: Use Excel sheet (or accounting software) to log payments, even below $2,500. 2. Review 1099-K Forms: If you receive one, cross-check it with your records. Dispute errors promptly.? 3. Save Documentation: Retain receipts and invoices to validate deductions.? Pro Tip: If you operate across multiple platforms (e.g., eBay + Etsy), you may receive multiple 1099-Ks consolidate them to avoid double-counting income.? Need Help? Consult a professional to ensure compliance, especially with evolving thresholds.? #TaxTips #SmallBusiness #Freelancing #IRS

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  • 查看MJ Consultancy的组织主页

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    Deadline to file 1099 is January 31st, 2025. DM us to resolve your filing issues.

    查看Mariya Jalal的档案

    Empowering Small and Medium Businesses by Streamlining their Accounting, Bookkeeping, Payroll, Taxes, Operational Strategies and more.

    Do you know? IRS 1099 forms are a series of tax documents used to report various types of income other than wages, salaries, and tips. As of January 2025, there are 22 different types of 1099 forms, each serving a specific purpose in reporting income to the IRS. Here’s a detailed overview of the most common 1099 forms: ?? Overview of 1099 Forms! 1- Form 1099-A: Acquisition or Abandonment of Secured Property. Used when a lender acquires property in lieu of payment for a debt. 2- Form 1099-B: Proceeds from Broker and Barter Exchange Transactions. Reports gains or losses from sales of securities or barter exchanges. 3- Form 1099-C: Cancellation of Debt. Issued when a debt of $600 or more is canceled by a lender. 4- Form 1099-CAP: Changes in Corporate Control and Capital Structure. Used to report cash and property received by shareholders due to corporate changes. 5- Form 1099-DIV: Dividends and Distributions. Reports dividends paid to shareholders. 6- Form 1099-INT: Interest Income. Issued for interest payments of $10 or more from banks or financial institutions. 7- Form 1099-K: Payment Card and Third Party Network Transactions. Used by payment processors to report transactions exceeding certain thresholds. 8- Form 1099-MISC: Miscellaneous Income. Previously used for various types of income, now primarily for rents, prizes, awards, and medical payments. 9- Form 1099-NEC: Nonemployee Compensation. Specifically reports payments made to independent contractors or freelancers amounting to $600 or more. 10- Form 1099-OID: Original Issue Discount. Reports income from bonds issued at a discount. 11- Form 1099-PATR: Taxable Distributions Received from Cooperatives. Issued to members of cooperatives who receive distributions. 12- Form 1099-Q: Payments from Qualified Education Programs (like 529 plans). Reports distributions made for educational expenses. 13- Form 1099-R: Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, etc. Reports distributions from retirement accounts. 14- Form 1099-S: Proceeds from Real Estate Transactions. Used for reporting sales proceeds from real estate transactions. 15- Form 1099-G: Certain Government Payments. Reports unemployment compensation and state tax refunds. Each form has specific requirements regarding who must file it and under what circumstances: ?? Forms like the 1099-MISC and 1099-NEC are typically sent by businesses to independent contractors who earned $600 or more during the tax year. ?? The 1099-K is issued by payment processors when transactions exceed $20,000 and involve more than 200 transactions within a calendar year. Most forms must be sent to recipients by January 31st, 2025. Corrections: Use Form 1099-CORR to correct any errors in submitted forms. If you need help preparing, filing, or understanding a specific form, let me know in comments or message with your requirements! #1099Forms #IRS #Taxfiling #taxseason

  • MJ Consultancy转发了

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    Empowering Small and Medium Businesses by Streamlining their Accounting, Bookkeeping, Payroll, Taxes, Operational Strategies and more.

    Today, I had a fantastic conversation with Asher Fried about a topic that’s both fascinating and incredibly useful: "Real estate depreciation and how it can help offset taxable gains." Whether you’re a seasoned investor or just exploring the idea of real estate, understanding how depreciation works can be a game-changer. Here’s what I learned: Depreciation lets you deduct the "wear and tear" on a property over time, which can significantly reduce your taxable rental income. It’s not just about tax savings today, it’s also about strategic planning for the future. We discussed concepts like "Depreciation Recapture", where you pay taxes on the depreciation you claimed when you sell the property, and the "1031 Exchange", a great way to defer those taxes by reinvesting in a new property. These tools make real estate an attractive investment if approached with the right knowledge and planning. Asher really helped break it down in a way that’s easy to understand and apply. If you’re thinking about getting into real estate or want to maximize your tax strategy, I highly recommend connecting with Asher Fried. Thanks again, Asher, for your time and for sharing your knowledge! ?? P.s There's an article on this concept which I like and want to share. Read it in the comments below ?? #RealEstate #Depreciation #TaxPlanning #FinancialGrowth #1031Exchange

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