Leading CPA and accountant Pauline Ho, head accountant at Laus Consulting in Orlando, FL, outlines the problems associated with DIY business accounting. For more information please visit https://lausconsult.com

Orlando, FL, United States – February 24, 2020 /MM-REB/ —

In a recent interview, CPA and accountant Pauline Ho, head accountant at Laus Consulting in Orlando, FL, exposed the dangers of DIY business accounting.

For more information please visit https://lausconsult.com/

When asked for a comment, she said, “In the DIY world we live in today, it seems that everyone wants to do everything themselves from home décor to skincare products. The DIY spirit has even extended to accounting, particularly among small business owners. Unfortunately, accounting isn’t the same thing as decorating a house and is best left to the professionals.”

Failing to stay on top of bookkeeping is one major pitfall of DIY accounting.

When asked to elaborate, Ho commented, “Keeping the books in order is crucial for any type of business. However, when small businesses try to do this themselves, they often fall behind, which can have serious consequences.”

“Because bookkeeping is the practice of keeping track of financial transactions such as purchases, sales, payments, and receipts, not having an organized system often results in profit loss, problems with suppliers if invoices are unpaid, and difficulty when tax season rolls around.”

Following from this, DIY accounting often leads to putting accounting tasks on the backburner.

“When it comes to small business owners who are not well versed in accounting, many put accounting down on the list of things to do. This quickly becomes problematic when it comes to meeting tax deadlines. Inadequate planning in meeting these deadlines can lead to mistakes and missed deadlines, both of which come with hefty IRS fines,” she said.

Contrary to popular belief, keeping all accounting tasks in-house is not cost-effective, according to Ho.

“Many small business owners think that they can save money by not outsourcing their accounting needs to a professional accountant. However, this could – and often does – end up costing them in the long term.”

“In addition to missing IRS deadlines or losing out on profits due to sloppy bookkeeping, small business owners could be wasting their time trying to catch up with their accounting needs or fixing their mathematical errors. This time and effort could be put to better use on more important matters such as expanding the scope of the business,” Ho said.

According to Ho, small business owners should instead consult with a seasoned accountant or CPA who can put the best accounting practices to use for the particular needs of that business.

Source: http://RecommendedExperts.biz

Contact Info:
Name: Pauline Ho
Email: Send Email
Organization: Laus Consulting Services LLC
Address: 879 Outer Rd B, Orlando, FL 32814, USA
Phone: 407-401-9768
Website: https://lausconsult.com/

Source: MM-REB

Release ID: 88947276

Top estate planning lawyer Michele Ungvarsky, founding attorney at E-Law, PC in Las Cruces, NM, outlines why DIY trusts are not the way to go if you want to avoid expensive mistakes down the road. For more information please visit https://www.estradalawpc.com

Las Cruces, NM, United States – February 24, 2020 /MM-REB/ —

In a recent interview, leading estate planning lawyer Michele Ungvarsky, founding attorney at Estrada Law in Las Cruces, NM, warned against DIY living trusts.

For more information please visit https://www.estradalawpc.com

When asked to comment, Ungvarsky said, “In recent years, more and more people – who are not experts in estate planning – have turned to online services to draw up their living trusts. Unless you are single and don’t own any property, DIY trusts are not the way to go.”

The emergence of online services for living trusts has created a false sense of security for many.

“People who make DIY living trusts go online, download the documents, try to fill them out as best as they can, and then get these documents notarized – all without consulting with an expert in estate planning. They then incorrectly assume that they have all their bases covered legally,” she added.

“However, more often than not, these types of documents are not foolproof enough to hold up in the court of law. This is particularly true if a third party wants to contest the terms of the trust. In other words, some things must be taken into consideration that you might not think of when drafting a living trust to minimize problems in the future.”

Estate planning, according to Ungvarsky, is a field of expertise for a reason.

“It’s useful to think about it like this: let’s say that you need to undergo a root canal procedure. Would you refuse to seek the help of a dentist and perform the surgery on your own? I’m guessing not. It’s best to have the same mindset when it comes to approaching a living trust and other estate planning documents,” she said.

In this way, living trusts downloaded online fail to address critical legal considerations and obligations, which could pose challenges down the line.

When asked to elaborate, she said, “Drawing up a living trust yourself – instead of consulting with a professional – risks putting your family members through months, if not years, of complications. Some potential obstacles include accidentally disinheriting someone, a delay in asset distribution, and going to probate court. Also, remember these documents are the same documents everyone gets, whether they have no children or 10 and whether they have $100.00 or Millions.”

When asked about the other benefits of working with a seasoned attorney, Ungvarsky said, “Rarely are two estate planning cases the same. An estate planning professional considers your family’s specific needs and dispenses the accurate legal information so you can be confident that you’ll have a legally viable plan. And it should be a PLAN with contingencies built-in, not just a bunch of one-size-fits-all documents.”

Source: http://RecommendedExperts.biz

Contact Info:
Name: Michele Ungvarsky
Email: Send Email
Organization: E-Law, PC
Address: 1340 Picacho Hills Dr, Las Cruces, NM 88007, USA
Phone: 575-556-2462
Website: https://www.estradalawpc.com

Source: MM-REB

Release ID: 88947279

Top CPA Thomas McAlister, founder of Thomas J. McAlister P.C. in Denver, CO, reveals essential strategies to reduce small business taxes. For more information please visit http://thomasjmcalister.com

Denver, CO, United States – February 24, 2020 /MM-REB/ —

In a recent interview, top CPA Thomas McAlister, founder of Thomas J. McAlister P.C. in Denver, CO, revealed a number of key strategies to reduce small business taxes.

For more information please visit http://thomasjmcalister.com

When asked to comment, McAlister said, “Many small business owners are understandably uncertain about where to begin when it comes to minimizing tax liability on their income. Here are some surefire ways to boost savings when tax season rolls around.”

One great way to shore up tax savings is through shielding business profits in retirement plans.

“Putting in place a retirement plan such as a 401K for your employees can help you save in the long run. This is a win-win – employees and employers alike can deduct taxes on the contributions they make into these retirement accounts,” McAlister said.

Additionally, McAlister said, small business owners who set up employee retirement plans could also qualify for tax credits.

Following from this, there are other ways to shore up funds from business income without paying tax.

When asked to provide an example, McAlister said, “While salary and bonuses will be taxed, you can opt to give fringe benefits to employees such as more money for medical coverage instead of a raise, which will save you from paying income, FICA, and Medicare taxes.”

Paying attention to adjusted gross income can help keep money in the pockets of small business owners.

“Several tax breaks and additional taxes are based on adjusted gross income. For instance, if your adjusted gross income is not more than $200,000 as a single taxpayer or $250,000 as a joint filer, then you won’t have to pay the 0.9% additional Medicare tax.”

Another way to help reduce a business’ tax bill is by shifting business structures to take advantage of the tax code.

When asked to elaborate, McAlister commented, “Many owners whose small business is categorized as a sole proprietorship could benefit by changing their company structure to a limited liability company, or a ‘pass-through entity.’”

The 2018 tax code, according to McAlister, allows for the owners of pass-through entities to deduct as much as 20% of their income on their tax returns.
“This new business deduction is subject to a number of regulations. If you think that you could benefit from changing business structures, the best thing to do is to consult with a qualified tax accountant to see what savings are available to you,” he said.

Source: http://RecommendedExperts.biz

Contact Info:
Name: Thomas Mcalister
Email: Send Email
Organization: Thomas J Mcalister P.C.
Address: 4704 N Harlan St #675, Denver, CO 80212, USA
Phone: 303-279-1450
Website: http://thomasjmcalister.com

Source: MM-REB

Release ID: 88947282

Dozens of judges selected the product for this year’s award from a pool of hundreds of applications, reports opengoaaalusa.com.

Broken Arrow, OK – February 24, 2020 /MarketersMedia/ —

The jury is out: the Open Goaaal sports rebounder has been selected by ISPO, the world’s largest trade fair for sporting goods and sportswear, as the winner of the 2019 award for Best Product in the Team Sports – Team Hardware category. The goal will be on display in Munich, Germany along with 2,800 exhibitors during the ISPO trade fair from February 3rd – 6th, 2019. For those who are at the show, be sure to come check it out in the Teamsports Hall.

“We could not be more honored to be recognized at this year’s ISPO awards among a host of other amazing sports and fitness products,” said Saul Gutierrez, creator of Open Goaaal Soccer Goal. “As a company that strives to stay ahead of the curve when it comes to innovation and consistently offer only the best to our customers, this is further acknowledgement that the goal is the clearly the world’s best soccer goal, rebounder, and backstop available on the market today.”

Each year, ISPO selects the best and most progressive products from nearly 500 applications in the Health & Fitness, Outdoor, Snowsports, Urban, and Team & Social Sports market segments. The 2019 panel included 43 judges from 12 countries and 3 continents around the world. Each member of the panel reviewed all of the products in the category, and after discussion of the applications and competition, the Open Goal soccer Rebounder was declared the winner in Team Sports Hardware.

Gutierrez went on to say, “We are excited for the upcoming ISPO trade show as well as the year ahead. We look forward to continuing to advance the team sports industry with groundbreaking products that help players train smarter and be better on the field.”

About Open Goaaal:

Open Goaaal is the world’s best soccer goal + rebounder + backstop.

For those who are tired of spending all their training time chasing down missed shots, Open Goaaal is the answer to the problem. The goal is surrounded by extra tensioned netting, preventing missed shots from going astray. The next time a player misses a shot not only does the net stop the ball, but it also rebounds it.

Now you and your kids can practice with peace of mind. No more worrying about having to chase the ball down, breaking windows, balls going over the fence, or destroying the landscaping. Measuring 8-10 ft. tall and up to 29 ft. wide (depending on the model), Open Goaaal rebounds almost all missed shots, which means no more delaying practice. Now available in 3 sizes: Large, Standard, and the recently launched Junior Model.

Contact Info:
Name: Saul Gutierrez
Email: Send Email
Organization: Open Goaaal
Address: 904 S. Main St.
Phone: (833) 676-4625
Website: https://opengoaaalusa.com/blogs/news/open-goaaals-rebounding-soccer-goal-wins-ispo-award-for-best-team-sports-hardware

Source URL: https://marketersmedia.com/open-goaaal-wins-2019-ispo-award-for-best-team-sports-hardware/88947715

Source: MarketersMedia

Release ID: 88947715

Leonardo’s story is just beginning. He learned how to change his world and strives to help others do the same. His goal is to pilot the “youngest real estate company out there” and he is reaching that goal.

Miami – February 24, 2020 /MarketersMedia/ —

Leonardo isn’t just ready to be the next new thing in the real estate world. He’s ready to be the best and youngest real estate company. However, he didn’t start off at the top. He had to work and not just any kind of work, he had to put forth the blood, sweat, and tears to get where he is today.

During class one day, Leonardo watched a Gary Vee video about being successful. He said, “At the time I was only making $350 a month, which pushed me even more. I knew that if I wanted to be great that I would have to do what the greats do, which is take risks, even if the whole world was against you at first. While watching the video I left class and said, ‘Today will be the day I changed my life forever’. I went home to put an oversized suit my roommate had at the time and told myself, ‘How would I become rich?’ ‘How will I change the world?’ I decided to learn about real estate, so I walked up to a real estate office, not knowing what I was doing, and told them that I wanted to learn from the number one agent in the building.’”

He learned a lot from his mentor for over the next six months. He called thousands of people and heard his fair share of no’s. Along the way, he learned he had to build relationships, not just make phone calls, plus he could not treat people like the next sale. Once he figured that out, he got his first sale.

At the time, he was collecting more knowledge than money, and that was difficult. Even though he knew it would be helpful in the future, he still slipped into a depression. Seeing a Lamborghini boosted his confidence to push forward to be as he wanted to be the greatest.

Leonardo said, “[I] watched a video on Carlos Reyes, who was talking about a term called “wholesaling”. I ended up doing more research in the business and became overly obsessed. I would stay up late at night in the office. I decided that wholesaling would make me successful and make all my dreams come true.”

Leonardo wants people to come to work with a vision. He has a vision. He wants to run a different kind of company, a company that inspires his employees to work hard and be loyal. He wants to help people change the world, just as he changed his world.

About Leonardo: Leonardo grew up poor, but he had dreams of moving out, growing up, and changing the world. No matter what surrounded him, be it drugs, gangs, or violence, he did not allow that to infiltrate his mind and bring him down. He went into the marines at 17. A tough challenge, but he learned to be the leader he is today.

Contact Info:
Name: Leonardo
Email: Send Email
Organization: the 2020 agency
Website: https://www.instagram.com/lionofinfluence/

Source URL: https://marketersmedia.com/leonardo-is-going-to-get-somewhere-and-hes-going-to-inspire-change-as-he-does/88947718

Source: MarketersMedia

Release ID: 88947718

While many digital marketing agencies exist, few offer the type of service and dedication offered from the TopShotPro team. This company caters to Real Estate Agents and Loan officers with a hands on approach.

Washington DC – February 24, 2020 /MarketersMedia/ —

In early 2019, entrepreneurs Josh Mcquaig and Michael Rivero decided to start TopShotPro. Their goal was to provide unique personal branding and marketing solutions to people they could passionately work with. Mainly Real Estate Agents and Loan Officers. They provide strategies that aren’t found elsewhere by servicing their clients with video and content marketing solutions, catered to their clients specific needs and goals.

TopShotPro is not your typical Digital agency. It’s unique in the style and approach they service every single client based on client needs and not base packages. The passion each of the founders shows is felt by each client. This shows in the success the company has been able to quickly attain, within six-months, TopShotPro has already brought over $250,000 in revenue.

Neither Josh McQuaig nor Michael Rivero started off with a digital marketing agency as their dream career. Instead they both found their way together from opposite backgrounds and ends of the world. Today, the two are close friends who work together to create winning strategies for all Realtors & Loan Officers who turn to them for help.

Between personal branding, content and video marketing, Josh and Michael are bringing their clients a new level of brand awareness and lead generation. Both using their instagram account (instagram.com/joshhmcquaig , instagram.com/topshotdc) to reach new clients, and show the difference personal branding can make in one’s business.

About Josh McQuaid: Josh McQuaid grew up knowing he wanted to be in charge of a business, just not knowing what the business would be. Today, he is proud of the business he has helped create, and uses the inspiration of losing a friend, Matt Poyner, early in his life as his reason to connect so deeply with others. Now, he starts his day off deciding what role he will play in the lives of others after reading a book or working out. He then writes out three goals, three things he is grateful for, and three lessons that he is still learning, among other personal notations. He wishes he could tell his younger self to fall faster and push past the limitations so he could succeed sooner. He wants to keep his peace sacred and remember each day that people are the sums of the five people they spend the most time with. To find out more about Josh, visit his Instagram account here: https://www.instagram.com/joshhmcquaig/

Contact Info:
Name: Michael Rivero & Josh McQuaig
Email: Send Email
Organization: TopShotPro
Website: https://topshotprod.com/

Source URL: https://marketersmedia.com/topshotpro-is-a-unique-digital-marketing-agency-that-offers-its-customers-an-edge/88947738

Source: MarketersMedia

Release ID: 88947738