Leap High Lending

Running a successful business involves MORE than just making sales.

It's about managing your finances wisely.

Here are 9 tips to help you master money management in your business.

Reminder - effective money management is a cornerstone of business success.

If you’re struggling to keep track of your business finances, I’d love to help you gain the insights you need to move your business forward!

Book a call with us today! https://calendly.com/leaphighbookkeeping/introductory-call

As your business grows, evolves, and changes, it may be wise to update the legal structure of your business.

A business structure change is a significant step so choosing the right business structure is a crucial decision to make.

Here are some factors to consider:

1. Tax Implications
2. Liability Protection
3. Ownership and Management
4. Employee Implications
5. Compliance and Reporting
6. Potential consequences for choosing the wrong structure

Simplify your bookkeeping and taxes by starting in 2024 with the new business structure.

Make sure to understand the implications, plan accordingly, and seek professional help to ensure a successful transition.

Have a tax question? Drop them in the comments below!

Happy World Kindness Day – a reminder that kindness has the power to change the world, one small act at a time.

How are you going to show kindness today?

To all the incredible people who've supported my small business on this journey, THANK YOU!!!

Your support means the world to me, and I'm incredibly grateful for each and every one of you!

Stay tuned for exciting things to come as we continue to grow!

🍂 Wishing everyone a heartfelt Thanksgiving!

Thank you for being part of our journey!

Every day is a NEW chance to make a difference in your life and in the lives of others.

Seize the day and make it count!

What are you looking forward to seeing grow in your business this month?

Share it with us below.

This Thanksgiving, let's take a moment to reflect on the blessings that fill our hearts. What are you most thankful for this year?

Share with us below! ❤️

As the year draws to a close, it's essential to review not only the obvious accounts but also the often-overlooked ones.

Here are a few to keep in mind to ensure your financial statements present an accurate snapshot of your business's financial health.

Have you been putting off your bookkeeping because you have no idea what to do or where to start?

Outsourcing your bookkeeping and accounting gives you the confidence of knowing that your books are being done right, freeing you up to focus on the growth of your business.

Ready to learn more?

Schedule a call today! https://calendly.com/leaphighbookkeeping/introductory-call

While it’s my personal belief that coffee should always be deductible, the IRS disagrees.

In order to claim coffee as a business expense deduction, the purpose of the coffee has to be business related.

This means that the coffee provided in the office has to be freely available to all employees.

Or, if you’re getting coffee outside of the office, it must be done with a client or colleague for it to be considered a legitimate business purpose.

Lastly, keep those receipts!

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Finish the year strong –here are four important financial moves to consider before the end of the year:

1. Ensure your books are accurate and up-to-date. This information is vital for tax reporting and provides insights into your business's financial health and standing.

2. If you have a retirement account, such as a 401(k) or IRA, consider maximizing your contributions for the year. The more you contribute, the greater your potential tax benefits and long-term savings.

3. Evaluate your tax situation and look for ways to reduce your tax liability. This might involve taking advantage of tax deductions and credits.

4. Reach out to your bookkeeper to schedule a time for a financial review and to make sure your finances are on the right track for a successful year-end.

Does it look like you need to play catch up bookkeeping?

We're here to help you catch up! Schedule a call with us today! https://calendly.com/leaphighbookkeeping/introductory-call

'Tis the Season Dilemma: Christmas or Thanksgiving? 🎄🦃

Which one do you look forward to the most?

Share it in the comments below!

‘Tis the season for GIVING.

This is your friendly reminder that accounting guidelines for holiday parties, gifts, and bonuses are as essential as holiday celebrations! 🎄

If you're hosting a company holiday party, you can often deduct the cost as a business expense. Just remember to keep it reasonable and directly related to your business activities.

When giving gifts to clients, employees, or vendors, you can typically deduct the cost as a business expense. But be aware of annual limits, and keep a detailed record.

Recognizing your team's hard work with bonuses? Just be sure to withhold the correct taxes and report them appropriately to the IRS.

Stay on the nice list with the IRS by keeping accurate records and understanding the tax implications of your holiday activities.

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In case you needed a reminder today: SELF-CARE is a productive use of your time.

Drop a ❤️ if you agree + share this with a friend!

RECLAIM your Mondays with this mantra...

Let me know in the comments... What's your mission for today?

On this Veterans Day, we honor and express our deepest gratitude to all the brave men and women who have served our country with unwavering dedication and courage.

Your sacrifices have safeguarded our freedom, and for that, we are forever thankful.

Happy International Accounting Day! 🎉

Today, we celebrate the unsung heroes behind the numbers!

Unscramble these Thanksgiving-themed words and share your answers below!

TAXES just got more COMPLICATED!

If you use third-party payment platforms, like PayPal, Venmo, or Cash App, to collect payments for your side gig or business, the Internal Revenue Service (IRS) wants to remind you to report payments of at least $600.

In order to report these earnings and transactions, you’ll need to file Form 1099-K.

You should receive this form from each third-party payment platform you received transactions through.

If you incorrectly receive the form for personal transactions, the IRS recommends you contact the payment platform for a correction or to attach an explanation to your tax return.

Stay up to date - follow us for a wealth of bookkeeping and tax tips and business advice.

FOCUS on the top three tasks that will deliver the greatest impact.

These should be your top three priorities for the day, or where your focus should be.

Another tip is to ask yourself, “What can I delegate?” Is there anything on that list that could be assigned to someone else first thing in the morning? If so, do it!

Take action consistently and watch your productivity skyrocket.

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I'm passionate about helping small business owners have peace of mind by taking the burden of managing their business finances off their shoulders so they can focus on growing their businesses.

Are you ready for a bookkeeper but not sure if they're the 'one'?

That's what our discovery calls are for!

One of the goals of our discovery calls is to determine whether we are a great fit.

Ready to find out? Let's chat! https://calendly.com/leaphighbookkeeping/introductory-call

Here's your dose of to kickstart the week.

And save it for later!

Understanding your numbers is one of the most important aspects of being a successful business owner.

Also, you can’t file your taxes if you don’t know your numbers—that’s why accurate and up-to-date books are essential.

When you work with us, you get the help you need so you can concentrate on your business's growth and goals.

We'll do the bookkeeping for you and take care of every aspect of your finances!

To learn more about how we can help you, give us a call! https://calendly.com/leaphighbookkeeping/introductory-call

Don't get tangled up in the stress of doing your own bookkeeping.

Bookkeeping is scary enough! 🎃

Leave the financial frights to the ghosts and goblins.

No more hair-raising moments with your books... Schedule a call with us today. https://calendly.com/leaphighbookkeeping/introductory-call

"You missed the tax deadline" 😱

Now your turn... Scare a business owner in 5 words of less

The first step in keeping business records organized is knowing which records you should keep.

If you are in doubt about keeping records, you should err on the side of caution and hold onto them.

Here are some critical business documents to keep track of.

Lastly, you'll want to set up a filing system that works for you and determine how much paperwork or documents you have.

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Today, we're sharing 6 tips to supercharge your week for success, backed by productivity stats.

Let's make this week a productive one!

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📜 Regularly reviewing contracts and agreements ensures that your business remains compliant, minimizes risks, and improves the relationships with other parties.

It also helps you make informed decisions about contract renewals or changes to better align with your business goals.

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Would you rather (Halloween edition)...

Let me know in the comments!