The New Year is almost here, and our resident expert Annie has some valuable insights into how to position yourself best financially for 2023. As a follow-up to our previous episode, today's session covers the final three important tips to consider as we near year-end. In today's conversation we discuss:

1) Boosting your emergency savings, 2) Planning your spending to get the most from your purchases, 3) Charitable donations.

If you'd like to learn more about Annie and her firm, visit the Atlantis Accounting website. And if you'd like to schedule a no-cost, no obligation consultation with Annie, please schedule it here. 

Warmest holiday wishes!

It's almost here! With 2023 just around the corner, today's episode covers 5 important things you can do before year end to set yourself up for financial success in the New Year. Today's episode will cover the first two, but stay tuned for Pt. 2 for the rest.

As always, we're here to help. To learn more about Atlantis Accounting services please visit our website. Or, if you'd like to schedule a no-cost, no-obligation consultation, you can schedule it here. 

Annie is an MBA, CPA and CKA. In today's episode we pick her brain and have an engaging conversation around three important topics that are on the minds of many business owners as the New year approaches:

1) The new monies appropriated to the IRS and what it could mean

2) With interest rates in flux, how to reevaluate revenue to debt service ratios

3) New Year's resolutions a business owner should consider

We hope you enjoy today's episode, and if you'd like to learn more about Annie's services please visit the Atlantis website, or schedule a no-cost, no obligation consultation here. Happy Holidays!

'Tis the season, and knowing the IRS guidelines on holiday gifting, bonuses and holiday events you may be planning will help you stay within the IRS guidelines while taking advantage of all acceptable deductions. 

Did you know that there's an annual limit of gifting deductions, fixed at $25 p/ year p/ staff member? If you invite clients to your staff holiday party, did you know that you automatically lose 50% of the deductible value of your event? 

Here's a link to the IRS guidelines on supplemental income.

Tune in, there's a lot of timely and important value to today's session. And if you'd like expert advice, please schedule a no-cost, no-obligation consultation with Annie.

As we discussed in part one, it's never too late to take control of your financial future. In today's episode we cover the final four of seven foundational steps to take in planning your estate. In addition to the first three steps outlined in part one, which include: 1) Inventory and valuation of both tangible and intangible assets, 2) How to ensure you've accounted for your family's needs, 3) Establishing your directives - including such important considerations as setting up a trust, medical care directives and the two common types of powers of attorney - today's episode covers the additional topics of:

4) Reviewing beneficiaries, 5) Noting your state's estate tax laws, 6) Weighing the value of professional help and 7) Planning to reassess (as life's circumstances change)

As always, consult your estate planning professional for their advice, but if you're in need of an experienced estate/ financial planning professional, please reach out to Annie for a no-cost, no-obligation consultation.

It's never too late to take control of your financial future. In today's episode we cover the first three of seven foundational steps to take in planning your estate. These steps include:

1) Inventory and valuation of both tangible and intangible assets, 2) How to ensure you've accounted for your family's needs, 3) Establishing your directives - including such important considerations as setting up a trust, medical care directives and the two common types of powers of attorney.

As always, consult your estate planning professional for their advice, but if you're in need of an experienced estate/ financial planning professional, please reach out to Annie for a no-cost, no-obligation consultation.

In today's episode, our resident tax planning expert Annie dives into the topic of "Kiddie Tax." Kiddie tax is a special set of income tax rules that apply to individuals under 18 years and full-time students under 24 years. If the child’s unearned income (investment income) is more than the kiddie tax threshold for the tax year, then the child’s unearned income over the threshold is subject to the kiddie tax and gets taxed at the parents’ marginal tax rate rather than the child’s tax rate. The kiddie tax threshold is adjusted for inflation each year.

What is the kiddie tax threshold? Adjusted each your for inflation, the 2021 threshold is $2,200 and the 2022 threshold increases to $2,300.

If you'd like to learn more about this and other tax planning strategies, please consult your tax planning professional - and if you are in need of a tax planning expert, reach out to Annie to schedule a no-cost, no-obligation consultation here. 

As tax season approaches, it's a great time to reflect on the many tax saving strategies available to us parents. While we're all no doubt familiar with one or more of them, we may not be familiar with all of them, which include; Child Tax Credits, Earned Income Tax Credits, Adoption Tax Credits, The American Opportunity Tax Credits and The Lifetime Learning Tax Credits. 

In today's episode we share insights into how each credit works, who can qualify and why to consider taking advantage of them. At Atlantis CPA, we believe that every dollar saved is a dollar earned, and are committed to helping you find every eligible dollar in savings. To learn more about Annie's firm, Atlantis CPA, please visit our website. If you'd like to schedule a no-cost, no-obligation consultation call with Annie, please visit her online calendar.

Halloween is behind us, and Thanksgiving/ Christmas are just around the corner. After all these joyous celebrations are behind us, those two dreaded words will arrive - tax season. In this episode we explore year-end tax saving strategies you can employ now as an early Christmas present for your business next year. 

We've recorded many valuable episodes, if you haven't gone back to our archives, I invite you to now!

To learn more about Annie and her firm, Atlantis CPA, please visit our website. And If you'd like to schedule a complimentary, no-obligation consultation, just pick the best day/ time to meet with Annie here. 

Sound cash flow management is a fundamental building block and the foundation of every successful business venture. In today's episode we discuss smart cash flow management strategies, how to take a snapshot of your business' current cash flow statements and what cash flow forecasts really tell you. 

This podcast is part one of two - but essential listening prior to the next episode on Year End Tax Saving Strategies. We hope you enjoy - both!

To learn more about Annie's firm, Atlantis CPA, please visit their website. If you'd like to schedule a no-cost, no-obligation consultation with Annie, please use our online appointment calendar.