All Forum Posts by: Colin Ghira

You can set up templates to save time and customize them to match your brand.
For clients you bill regularly, you can schedule invoices to send automatically, so you don’t have to do it manually every time.
Another useful feature is enabling online payments, which makes it easier for customers to pay and can speed up the process.
If you’re working on large projects, you can use progress invoicing to bill in stages, sending part of the invoice at different times.

To learn more about quickbooks, contact us now!

https://highborncpa.com/

Tax laws are constantly evolving, and staying up-to-date is crucial for businesses and individuals alike. Here's why understanding these changes is so important:

🔍 **Avoid Costly Mistakes** – Misinterpreting or missing tax law updates can lead to penalties or missed opportunities for deductions and credits.

💼 **Better Financial Planning** – With the right knowledge, you can plan ahead and make informed decisions that benefit your long-term financial goals.

📈 **Maximize Tax Savings** – Understanding new credits, deductions, and incentives can help reduce your tax burden and improve cash flow.

Whether you're a business owner or an individual, staying informed is key to navigating the complexities of tax law. Working with a CPA ensures you are fully prepared and equipped to take advantage of the latest updates.

#TaxLaw #TaxPlanning #CPA #BusinessGrowth #FinancialPlanning

Thanks to the Inflation Reduction Act, the IRS has launched new online tools to streamline clean energy credits. Introducing:

🔹 **IRS Energy Credits Online (ECO)**: A secure, user-friendly platform for easy registration and tracking of clean energy credits.

🔹 **Simplified Applications**: Electronic processes for advanced energy and low-income solar/wind credits, making it easier to access incentives.

🔹 **Better Customer Service**: New email support and help desks for quicker, more efficient assistance.

These upgrades mean faster processing and improved support for taxpayers. Learn more here: [Link to the article]

#IRS #CleanEnergy #TaxCredits #Innovation

🚀 **Streamline Your Tax Prep with QuickBooks!** 📊

Navigating tax season can be a breeze with QuickBooks by your side. Here’s how:

1. **Organized Transactions**: QuickBooks automatically tracks and categorizes your income and expenses, making sure everything is in one place and easy to access.

2. **Instant Reports**: Generate essential financial reports like Profit & Loss Statements and Balance Sheets at the click of a button. These reports provide a clear view of your financial health and make filing taxes straightforward.

3. **Easy Reconciliation**: Quickly reconcile your bank and credit card statements with your QuickBooks records. This reduces errors and ensures that your financial data is accurate and up-to-date.

4. **Maximize Deductions**: Use QuickBooks to tag and categorize your expenses correctly. This helps in identifying all possible tax deductions and credits, potentially saving you money.

5. **Efficient Data Sharing**: Share your QuickBooks data effortlessly with your accountant. This streamlined process can save time and reduce the likelihood of errors.

QuickBooks is designed to simplify tax preparation and filing, allowing you to focus on running your business. Need help optimizing your QuickBooks setup? Feel free to reach out!

#QuickBooks #TaxPreparation #SmallBusiness #Accounting #FinancialManagement

As hurricane season peaks and wildfire risks rise, ensure you're prepared:

1. Protect Documents: Store originals safely and keep digital backups.

2. Document Valuables: Maintain detailed inventories with photos.

3. Reconstruct Records: Use electronic statements for easy recovery.

4. Check Fiduciary Bonds: Ensure payroll services are covered.

5. IRS Relief: After disasters, check for postponed deadlines and other relief options.

Stay safe and prepared! 🌪️💼

For more info, visit IRS Tax Relief in Disaster Situations.

#Preparedness #DisasterRelief #IRS #EmergencyPlanning

The latest AICPA & CIMA survey shows a significant decline in CPA optimism:

- Economic Sentiment: Optimism about the U.S. economy has dropped to 26%.
- Business Outlook: Only 41% of CPAs feel positive about their businesses, with projected profits and revenues decreasing.
- Election Impact: The upcoming November election is influencing business planning and revenue forecasts for 46% of CPAs.
- Spending Trends: IT spending is expected to rise by 3.4%, while inflation concerns shift, with labor costs remaining a major risk.
- Federal Rate Cut: A potential reduction in the federal funds rate could positively impact many businesses.

Let’s discuss how these trends might affect your business strategy.

#CPA #EconomicOutlook #Finance #BusinessStrategy

🔒 QuickBooks Data Security Best Practices 🔒

- Use strong, unique passwords.

- Enable two-factor authentication.

- Regularly back up your data.

- Keep software updated.

- Limit user access and monitor activity.

- Educate your team on security.

- Secure your devices with antivirus.

Protect your financial data with these essential steps! 🔐📊

#QuickBooks #DataSecurity #CyberSecurity #CPA #HighbornCPA

🚨 Is Your CEO, CFO, or COO a Beneficial Owner? They Could Be! 🚨

Did you know that your company’s key officers—like the CEO, CFO, COO, President, Managing Director, and others—might need to be reported under Beneficial Ownership Information (BOI) requirements? If these individuals hold substantial control or ownership in your business, they must be reported to stay compliant.

The stakes are high! Failure to comply with BOI reporting can result in penalties of up to $500 per day. 😱

At HIGHBORN CPA, we take the guesswork out of BOI reporting, ensuring your business is fully compliant and protected from costly fines.

Let’s keep your business on the right side of the law. Contact us today! 💼✨

Online ratings can only take you that far. I find it better to research in person and ask people in the community to trully determine the feel for a school, specifically mothers. 

How much this matters? Depends on what your goal is in investing and what tenants you're looking to attract. 

I have invested for about 8 years in NYS and had over 21 units. I have decided to exist the NYS market due to the regulations. No doubt there is money to be made, but the state has overstepped any sense of ownership from the landlord. It just takes a few knowledgable and devious tenants to completely derail your investment and the best thing about it is: There is nothing you can do as the state law protectes them. Luckily most tenants do not know the rules. Also better yet, and what gives me some hope is that most people appear to be decent. That's why it still can work. But, with signfiicant inflation and ppl struggling the landlords will bear the brunt of it in NYS. Subsidizing tenants and helping the government out for a while, until they will throw the towel in. Then the housing stock will degrate, banks will suffer and a circle of misery all around. Sorry to be so pessimistic, this is just a possible scenario, I hope it turns out ok.