Frances F.

I am an experienced United States (U.S.) degreed accountant, CPA candidate, business strategist, and tax preparer. Take advantage of Federal and State Tax Regulations by making sure your company's monthly accounting, reconciliations, and financial statements are prepared correctly. Business decisions can be made more successfully by determining accurate profitability. Unreconciled business transactions and unrecorded out of pocket business expenses can leave out expenses which can lead to an over statement of business net income. Focus on taking advantage of new temporary deductions and permanent extensions for tax cuts. All necessary business expenses are deductible. Also, reduce business income taxes with a SEP-IRA. SEP-IRA contributions can qualify as a business expense that decreases taxable net profit in 2025. There are no Capitital Gain taxes for some taxpayers in 2025. An individual will not owe any estimated tax penalty if they have paid all Federal income taxes due within $1,000.00. The Internal Revenue Service (I.R.S.) Form 1120-S for 2025 is due by the end of the third month after the close of the tax year. Most Forms 1120-C are due by the 15th day of the ninth month after their tax year closes, and Form 1040 for 2025 is due by April 15, 2026. Please check your accounting software for accurate State Tax Rates, many do not have accurate State Taxing for payroll or accurate classifying of expense and income transactions. Increasing Owner's/Shareholder's Equity and reducing taxable income tax starts with accurate financial statements prepared with current tax laws in mind. Net Present Value, Return on Investment, Capital Budgeting and other Capital Investing Models and analysis support executive decision making. A periodic examination of financial ratios for business such as Asset Turnover, Return on Assets, and Return on Equity can show relative success, cost savings, and a company's operating effectiveness. The Work Opportunity Credit (WOTC) offers $9,600 deduction for specific hires of Veterans and certain other groups in 2025. Section 179 allows 100% depreciation for qualifying business equipment in 2025 for up to $6,500,000. Electric vehicle and solar equipment credit amounts of $7,500 to $4,000 for purchases of particular models in 2025 ends on September 30, and December 31, 2025. Forms 1099-K for payment card and third-party network transactions (TPSOs). There is a requirement for Credit Card Payment Facilators to send Form 1099-K to payees who have payment card transactions of $2,500 in 2025 and 20,000 or 200 transactions, retroactive to 2022. The mileage rate for vehicle business use has been increased to 70 cents per mile for 2025. The Qualified Business Deduction (QBI) is a twenty percent (20%) deduction for qualified taxable income less any net capital gain for the tax year. The QBI 20% deduction is available through 2025 and 23% in 2026. The (I.R.S.) requires Schedules K2 and K3 reporting beginning in tax year 2021 for U.S. partnerships, foreign individuals, and S-Corporations with items of international tax relevance. Some state sales tax laws requires Online providers to collect and remit state sales tax if remote sales in the state are $100,000 or more. Most other states have similar laws for remote sellers and marketplace facilitators. International tax payers may have Tax Treaties with the United States. I have over ten (10) years of experience in bookkeeping, GAAP accounting, Federal and state tax filings, and business support. I have real estate, renewable energy, e-commerce, service, medical, and tech industry experience. I offer intelligent business support, excellent problem solving, and leadership skills. I have successful Upwork virtual work experience. I have QuickBooks Online, QuickBooks Online conversion, and clean-up experience. I use Excel reporting and analysis. Best results are obtained by applying best practices, current Generally Accepted Accounting Principles (GAAP) and U.S. tax law. Using QuickBooks Online is a smart decision because of the quick access to financial data worldwide, robust reporting, and easy account maintenance. Technological advances have eliminated the importance of location making virtual business partnerships efficient and effective. The goal is a larger return on equity for sustainability.