Ask a CPA
This is an open discussion with a CPA on general information for both businesses and individuals. I get asked for advice on a wide range of accounting, tax, & finance questions and this allows you to have a question and answer session. Come prepared to fire off any questions you have been wanting to ask a professional who will always have your best interest in mind. Ask a CPA a question service will put your mind to rest over any unanswered accountancy questions. You will get the tools and direction needed for your unique situation.
Ask A Real Estate Professional
This is an open discussion with a real estate professional on general information on Real Estate. We get asked for advice on a wide range of rentals, landlords & finance questions and this allows you to have a question and answer session. Come prepared to fire off any questions you have been wanting to ask a professional who will always have your best interest in mind. Ask a Real Estate Pro a question service will put your mind to rest over any unanswered real estate questions. You will get the tools and direction needed for your unique situation.
We all go into business because we have the passion and love for our job. You open up shop and are excited for new customers. As the saying goes “fail to plan, plan to fail.” Everyone needs a business plan but it does not have to be a fancy 50 page document with pie charts and graphs. Just a piece of paper writing down your goals and plan for the coming year. So that your business is always moving forward, growing and adjusting to change.
Our Plan for you:
1. Create a simple and easy plan for you in the upcoming year
2. Breakdown your business into categories
3. Create actionable steps in order to accomplish your goals/plan
4. List of problems or concerns that need to be addressed and actual solutions
Retirement Contribution Calculation
Many items can affect your eligibility and contribution limits to a Traditional IRA, Roth IRA, or 401K. Some of these variables are tax filing status, your current earned income level and whether or not you participate in a retirement plan at work. As a business owner not having an employer sponsor plan you have to create your own- SEP IRA. Not only will this help for your retirement years but you can also receive tax savings by making this contributions.
Capri Tax and Accounting will help you determine whether or not you are eligible to contribute, the maximum amount that may be contributed and the tax savings you will received by your contribution.
For those who have an established business, we recognize that growing and scaling your business can be a challenging task. The bigger the business the more complex things can get: maximizing your deductions, streamlining your bookkeeping process, getting systems and processes in place to handle more growth. Or if you just feel that your business is not where it should be at this point. We will not only provide you with the tools to get you back on track but practical & professional advice on how to get it done.
Capri Tax & Accounting will evaluate your business top to bottom. We will go through all the systems and processes that you currently have in place.
-Evaluate income streams and expenses
-Assess your profit margins
-Assess business finances and tax returns
-Review your bookkeeping file(s)
-Provide recommendations on how to realize additional tax gains
-Ensure you're taking advantage of all business owner tax deductions available
-Work through your processes to evaluate what changes need to be implemented ( whats working & -whats not working)
-Outline a business strategy to give your company some direction
-Work to create systems that automate the non essential parts of your business
Entrepreneur Money Plan
We get your infrastructure in order to give you the ability to make financial decision based on hard numbers so you stay on track and grow. You don’t want to build your financial house on sand you want to have a strong foundation for continue expansion and growth. The entrepreneur package combines both your business & personal finances because after all you are your business.
-Discuss your financial goals (retirement, baby, new home, real estate, grow savings, loan repayment, credit card debt)
-Customizable file to keep track of your money going in & out to ensure you meet your financial goal
-Create a Personal & Business Budget based on fixed & variable expenses
-In depth analysis of expenses and where cuts can be made
-Plan to lower your year-end tax bill
-Tips on when personal expenses can also be a business expense
-Create a flow-through plan for your finances
-Teach you my 3 bank account system to budgeting
-How to pay yourself as a business owner and what makes most sense based on your business structure
Incorporating your Business
One of the most critical first steps to starting your business is deciding how to incorporate to protect your personal assets and maximize tax benefits. There are many structures to choose from. Capri Tax & Accounting will work with you to determine the best corporate structure and file the necessary documents on your behalf with federal & state agencies.
-Evaluate your business and provide guidance on the best corporate structure for you
-Assemble the required documents and file them directly for you.
-Provide you with the necessary corporate documents needed to get you into business asap
-Provide you with a step by step list of what's next and your responsibilities after you're in business
Please note, government filing fees will be charged separately.
Real Estate Investment
If you’re beginning to evaluate other potential sources of income you may be thinking about investing in real estate. Information found on the internet or in books is, often, generic and not applicable to every market. Our advice is from experience, not theory. Capri Tax & Accounting you’ll receive step-by-step coaching to investing in real estate .
Don’t be fooled by naysayers – anyone can invest in real estate.
Our Package :
-Evaluate your personal goals for investing in real estate
-Design a plan to get you started
-Discuss your personal preference and risk tolerance for investing (location, type of property, etc.)
-Analyze your tax returns, monthly debt ratios, personal income, and expenses
-Provide you with the Dos & Dont's of being a new Landlord (based on 10 years of personal experience)
-We help you create systems & processes needed to be a successful landlord
-Ways to come up with the funds to get started and get you on a path to financial freedom
Starting a Business
Do you have a business idea but don’t know where to begin? Do you want to get your business up and running the right way ?
Capri Tax & Accounting can coach you through the process. Don’t be held up with the onerous, yet necessary decisions needed to start a business: corporate structure, tax benefits, sales tax, payroll, independent contractors, etc. Let Capri Tax & Accounting help guide you.
-Evaluate your business idea and provide guidance on the best corporate structure needed and tax implications of each. We can then make an informed decision on the necessary corporate structure for you and you company.
-Outline a business strategy so that you can be on the right track from day one
-Provide guidance on all facets of starting a business: insurance, banking accounts, business credit cards, tax deductions & how to keep finances organized
-Overview of handling bookkeeping
- Our custom Dos & Don’ts of new business owners
We provide you with all the tools necessary to get going so you can starting taking on clients today.
A lot can change year over year – especially with your personal finances and your taxes. Prior to being surprised come April, Capri Tax & Accounting Services can review your current year financials to determine how to best prepare for your upcoming tax year.
Analyze your prior year tax returns
Evaluate your current year income and expenses
Provide a projected tax return
Walk-through recommendations on how to maximize your deductions and make adjustments necessary
We recommend this is done mid-year so that you have time to implement our recommendations.
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