Financial Blogs, News, and Information

A Guide to Streamlining Your Business's Finances

bianca95063

Mar 54 min read

A Guide to Streamlining Your Business's Finances

In the dynamic and evolving world of industry, financial stability is paramount. But with complex regulations, fluctuating market...

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Beneficial Ownership Information Report- All the Information Business Owners Need to Know

Emily Schorr

Jan 125 min read

Beneficial Ownership Information Report- All the Information Business Owners Need to Know

Starting January 1st, 2024, if you have an LLC or are Incorporated you will be required to file an additional type of tax form called a BOI

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Uncovering the Hidden Gems of Year-End Tax Savings for Your Vehicles

P3 Accounting LLC

Dec 19, 20234 min read

Uncovering the Hidden Gems of Year-End Tax Savings for Your Vehicles

P3 Accounting can help you navigate year-end tax savings by using our knowledge to uncover hidden benefits in your business vehicles.

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Oklahoma Unlock Tax Savings Before 2023 Ends: Six Powerful Business Tax Deduction Strategies

P3 Accounting LLC

Nov 21, 20235 min read

Oklahoma Unlock Tax Savings Before 2023 Ends: Six Powerful Business Tax Deduction Strategies

Six powerful business tax deduction strategies that are easy-to-understand and can make a substantial impact on your bottom line before 2024

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Navigating the Complex Terrain of Employee Retention Credits (ERC)

P3 Accounting LLC

Oct 17, 20236 min read

Navigating the Complex Terrain of Employee Retention Credits (ERC)

Employee Retention Credits (ERC): ERC is a tax credit introduced to provide financial relief to businesses impacted by the COVID-19 pandemic

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Unlocking Tax Benefits: Using Multiple Vehicles for Your Business

P3 Accounting LLC

Sep 26, 20236 min read

Unlocking Tax Benefits: Using Multiple Vehicles for Your Business

Unlocking tax benefits using multiple vehicles for your business can be a savvy tax strategy that allows you to maximize your tax benefits.

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Maximize Profits and Defer Taxes with an Installment Sale

P3 Accounting LLC

Aug 15, 20234 min read

Maximize Profits and Defer Taxes with an Installment Sale

We want to introduce you to this valuable tax planning strategy that can maximize profits and defer taxes with an installment sale.

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Maximizing Tax Savings and Minimizing Audit Risk: Employing Your Spouse Strategically

P3 Accounting LLC

Jul 25, 20235 min read

Maximizing Tax Savings and Minimizing Audit Risk: Employing Your Spouse Strategically

We will provide you with 4 essential insights to employing your spouse, allowing you to maximize your tax savings and minimize audit risk.

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Maximizing Tax Benefits: Understanding Self-Employment Taxes

P3 Accounting LLC

Jun 20, 20235 min read

Maximizing Tax Benefits: Understanding Self-Employment Taxes

Unravel the complexities of self-employment taxes to get a clear understanding of what self-employment taxes entail and how to navigate them

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Form 4797: What is it and What is it Used For?

P3 Accounting LLC

May 23, 20235 min read

Form 4797: What is it and What is it Used For?

We’ll provide insights into the best practices for reporting the sale of business property and a comprehensive guide on completing Form 4797

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P3 Accounting LLC

May 16, 20235 min read

You Missed the Tax Deadline - Now What?

If you missed the tax deadline, you might be facing penalties from the IRS. However, don't panic, there are still options.

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Understanding Real Estate Professional Status (REPS) for Tax Purposes

P3 Accounting LLC

Apr 18, 20234 min read

Understanding Real Estate Professional Status (REPS) for Tax Purposes

Real Estate Professional Status (REPS) is a tax status allowing real estate investors to deduct rental real estate losses.

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Maximizing Your Rental Property Investment: Understanding the Difference Between Repairs and Improve

P3 Accounting LLC

Mar 31, 20236 min read

Maximizing Your Rental Property Investment: Understanding the Difference Between Repairs and Improve

Understanding the difference between repairs and improvements is essential to maximizing your investment returns..

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Maximizing Your Business Vehicle Deduction with the IRS Mileage Rates

P3 Accounting LLC

Feb 21, 20233 min read

Maximizing Your Business Vehicle Deduction with the IRS Mileage Rates

Taking advantage of every tax deduction available is important for a business. One deduction is the cost of using a vehicle for business.

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