by Manny Cosme | Dec 17, 2025 | Uncategorized
Key TakeawaysYou can sell losing investments to realize a capital loss that offsets taxable gains. If your losses exceed gains, you can deduct up to $3,000 against ordinary income ($1,500 if married filing separately). Unused losses carry forward...
by Manny Cosme | Dec 17, 2025 | Uncategorized
Key TakeawaysFocus on data integrity. Ensure payroll wages, taxes, benefits, and GL postings are clean, consistent, and reconciled. Your tax preparer depends on one crucial “three-way match”: W-2 totals, Form 941 totals, and the General Ledger wage expense should...
by Manny Cosme | Dec 10, 2025 | Uncategorized
Key TakeawaysCompany-wide holiday parties for employees (categorized as Employee Recreation/Entertainment) are generally 100% deductible, but confirm with your CPA. Meals with clients must be logged separately as Client Meals. Your tax preparer will apply...
by Manny Cosme | Dec 3, 2025 | Uncategorized
Key Takeaways Create a written data protection policy. Every employee should know the rules for handling sensitive data. Back up data regularly with secure cloud services or encrypted physical backups. Encrypt everything so stolen data is useless...
by Manny Cosme | Nov 26, 2025 | Uncategorized
Key TakeawaysWhen your business gives back, make sure it’s documented correctly so your tax professional can secure any potential tax benefits. Charitable contributions to qualified 501(c)(3) organizations can be deductible. Marketing-related...
by Manny Cosme | Nov 12, 2025 | Uncategorized
Key Takeaways Profit doesn’t equal liquidity: You can look great on paper (i.e., profitable) and still run out of cash. Year-end cash flow management is about accelerating what comes in and strategically optimizing (delaying) what goes out (legally, of...
