Monday, July 17, 2023
Did you know eligible employers may be able to claim a tax credit of up to $5,000 for three years for the costs of starting a SEP, SIMPLE IRA or qualified plan (like a 401(k) plan.) A tax credit reduces the amount of taxes you may owe on a dollar-for-dollar basis. To learn more about SECURE 2.0 Act, check out this article link below and let us connect you with our trusted partners who specialize in retirement plans options that will help your business save money and retain employees.
At J&S Accounting, we provide expert bookkeeping services tailored to the unique needs of small businesses and nonprofits. We recognize the challenges that come with maintaining accurate financial records and how vital this is for the smooth operation and growth of your business. As a woman and minority-owned firm, we’re proud to offer our expertise to businesses in Savannah, GA, and across the nation, helping them navigate financial complexities and achieve better financial management.
As a busy entrepreneur running an information-based business, whether you're selling courses, coaching programs, digital downloads, or memberships, bookkeeping probably isn’t the part of your business that lights you up. But here's the truth: if you want to scale sustainably, stay tax-season ready, and make confident decisions, you need clean, consistent books.
Time flies when you're running a business—and believe it or not, we're approaching the halfway mark of 2025. Now is the perfect time to pause, take stock, and make sure your books are in order. Mid-year financial check-ins help prevent surprises, reduce stress during year-end, and ensure you’re staying compliant and making informed decisions.
Bankruptcy is a word no business owner wants to hear, but it’s a reality that many businesses face, especially during periods of economic uncertainty or rapid growth. While a number of factors can contribute to business failure, the number one cause of business bankruptcy is poor cash flow management.
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Disclaimer:This content is for information purposes only and should not be considered legal, accounting, or tax advice, or a substitute for obtaining such advice specific to your business from a professional accountant. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. J&S Accounting does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. J&S Accounting does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.
This content is for information purposes only and should not be considered legal, accounting, or tax advice, or a substitute for obtaining such advice specific to your business from a professional accountant. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. J&S Accounting does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. J&S Accounting does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.