Otterz

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BREAKING NEWS: Bench Accounting has abruptly ceased operations as of December 27, 2024, leaving many businesses without bookkeeping support at a critical time. If you're affected by this sudden shutdown, we're here to help. Our Offer: - Free Transition Services: Seamlessly migrate your financial data to Otterz at no cost. - Catch-Up Bookkeeping: We'll bring your accounts up to date promptly. - Tax Extensions: Assistance with tax extensions to ensure compliance. Don't let this unexpected event disrupt your business operations. Get Started: Email: [email protected] Website: www.otterz.co Our dedicated team at Otterz is ready to support you through this transition. Wishing everyone a smooth year-end and a prosperous New Year.

?? Heard the news? IRS is changing the Tax Rules for E-commerce in 2025! E-commerce sellers, big or small—it's time to prepare for stricter IRS reporting rules starting in 2025. Earnings over $600 on platforms like Amazon, Etsy, or Shopify will now be reported (previously $20,000 and 200 transactions). ? What it means for you: → A 1099-K form will be sent to you and the IRS for reported earnings. → Side hustles and full-time sellers alike are affected. ?? What should you do? → Track all earnings and expenses. → Maximize deductions for shipping, supplies, and advertising. → Plan for tax payments to stay ahead of the curve and avoid penalties. Need help navigating these changes? Otterz has your back with expert tax guidance and affordable financial tools. Contact us at [email protected] or DM us to get started. #ecommercetax #irsupdate #smallbusiness #taxseason #financialsuccess #ecommerce

? The deadline is fast approaching! Don’t risk scrambling at the last minute—get your BOIR filing done now with Otterz. Take advantage of free filing and cross this task off your year-end to-do list, all while avoiding the stress and high penalties. https://lnkd.in/dk6bskFt

?? Last Friday, Otterz had an incredible time at the Berkeley SkyDeck Virtual Fair! Our very own Tapan R., CEO, and Krista Zeqirllari, Marketing Manager, shared our vision of transforming financial management for small businesses and startups while connecting with amazing talent and forward-thinking minds from the University of California, Berkeley. Excited about the conversations and the possibilities ahead!

We love finance talks, but we also love a spicy workplace debate! ?? A study by Intelligent.com says Gen Z hires are quick to fire, easily offended, and resistant to feedback. ?? But at Otterz? Our Gen Z team, Nathan Jann, Om Gole, and Shrey Sumesh are flipping the script—they’re too busy crushing it, tackling challenges, and bringing fresh ideas, all while keeping things fun! Right, Tapan R., Semih Korkmaz, Priank Ravichandar, Krista Zeqirllari? ?? What are your thoughts? ??

?? Yes, the new year is 47 days away— but is your accounting on track for a smooth wrap-up? As 2024 comes to a close, it’s time to ensure your books are in order for a smooth finish. Here’s a quick guide to help you close out the year confidently and gear up for tax season: ? Finalize your year-end processes ? Ensure all transactions are reconciled ? Prepare for tax season & deductions For the full checklist and more tips, swipe through the images below! ???? #Accounting #YearEnd #TaxSeason #FinanceTips #SmallBusiness

?? AI is no longer the future—it’s the present, and small businesses are leading the charge! According to the fifth annual Verizon State of Small Business survey*, the number of SMBs using AI has more than doubled — and here's why: 1. Massive Efficiency Gains: AI automates tasks and saves valuable time. 2. Smarter Business Decisions: With real-time data, it enables businesses to make informed decisions. 3. Cost Cutting: AI reduces operational expenses by optimizing processes and resources. ?? At Otterz, we’re at the forefront of using AI in accounting, helping businesses streamline their finances, improve accuracy, and fuel growth. Contact us at [email protected] and step into a new era of automated accounting. #AI #BusinessGrowth #SMB #Finance #Otterz

?? Did you know your business must file a BOI report or risk a $500/day fine? All small businesses must file a Beneficial Ownership Information Report identifying their owners. If your business was incorporated before 2024, the deadline is January 1, 2025. For businesses incorporated in 2024, the filing must be completed within 90 days of incorporation. ?? Don't miss this deadline!?File your initial BOIR with Otterz for FREE. https://lnkd.in/dk6bskFt

?? Happy Halloween! As the spooky season comes to an end, it’s time for retailers to focus on managing their books after all the Halloween excitement. Key strategies include auditing inventory, analyzing sales, and preparing for year-end taxes. At Otterz, we simplify bookkeeping and tax filing with automated solutions and expert support, allowing you to concentrate on growing your business. ?? Read more in our blog post for essential tips to navigate the post-Halloween hustle! https://lnkd.in/d5qpmxcj