Sikora & Assoc., CPA's, Cambridge, OH Videos

What are sinking funds?
📊 𝐌𝐚𝐬𝐭𝐞𝐫 𝐘𝐨𝐮𝐫 𝐌𝐨𝐧𝐞𝐲 𝐰𝐢𝐭𝐡 𝐒𝐢𝐧𝐤𝐢𝐧𝐠 𝐅𝐮𝐧𝐝𝐬!📊 Ever heard of a sinking fund? It's your financial planning powerhouse! A sinking fund is simply money you set aside gradually to cover a specific future expense. 🌟 Whether it's for home repairs, medical emergencies, a dream vacation, taxes, or education costs, sinking funds help you prepare without the stress. 𝙃𝙚𝙧𝙚’𝙨 𝙃𝙤𝙬 𝙩𝙤 𝙎𝙚𝙩 𝙊𝙣𝙚 𝙐𝙥: 1️⃣ Identify the expense. 2️⃣ Determine the total amount needed. 3️⃣ Divide this amount by the number of months until the expense is due. 4️⃣ Start saving that amount each month. Ready to create a financial cushion that lets you enjoy life's moments big and small? 🛠️🏖️🎓 📞 Contact us today! We’re here to help you set up sinking funds that make saving for any goal manageable and stress-free. 𝗦𝗶𝗸𝗼𝗿𝗮 𝗮𝗻𝗱 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲𝘀 📲(𝟳𝟰𝟬) 𝟰𝟯𝟵-𝟱𝟱𝟲𝟱 📧𝗺𝗮𝘀𝗶𝗸𝗼𝗿𝗮@𝗳𝗶𝗿𝗲𝘄𝗶𝗿𝗲𝗶𝗻𝘁𝗲𝗿𝗻𝗲𝘁.𝗰𝗼𝗺 #sinkingfunds #SmartSaving #financialplanning #prepareforthefuture

Happy Valentine's Day
Love is in the air! 💕✨ Whether you're spending Valentine's Day with your significant other, your friends, or treating yourself, remember that love comes in all shapes and sizes! 💖 Spread kindness, share smiles, and indulge in some sweet treats today! 🍫🌹 Happy Valentine's Day from all of us! #spreadloveandjoy #ValentinesVibes #loveisallaround #sharethelove #HeartfeltMoments #kindnessmatters #SweetTreats #selflovejourney #ValentinesCheers

When Clients Mix Personal & Business Expenses
Don't worry, we're here to sort through the chaos! 😎💡 Let's untangle those finances together! 💸🔗 #accountinghumor #businessexpenses #accountantlife #financialclarity

Happy New Year!
🎉 Wishing you a year filled with endless possibilities, joy, and success! Happy New Year from the Sikora and Associates team! 🥳🌟 #happynewyears #CheersTo2024 🎆

Stay productive this holiday season with these tips from Sikora and Associates
🎄 𝐒𝐭𝐚𝐲 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐯𝐞 𝐭𝐡𝐢𝐬 𝐡𝐨𝐥𝐢𝐝𝐚𝐲 𝐬𝐞𝐚𝐬𝐨𝐧 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞𝐬𝐞 𝐭𝐢𝐩𝐬 𝐟𝐫𝐨𝐦 𝐒𝐢𝐤𝐨𝐫𝐚 𝐚𝐧𝐝 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐬! 🌟 𝓟𝓵𝓪𝓷 𝓐𝓱𝓮𝓪𝓭: Create a holiday schedule to manage your time effectively. 𝓟𝓻𝓲𝓸𝓻𝓲𝓽𝓲𝔃𝓮 𝓣𝓪𝓼𝓴𝓼: Focus on high-impact tasks and delegate when possible. 𝓢𝓮𝓽 𝓡𝓮𝓪𝓵𝓲𝓼𝓽𝓲𝓬 𝓖𝓸𝓪𝓵𝓼: Don't overcommit; set achievable objectives. 𝓢𝓽𝓪𝔂 𝓞𝓻𝓰𝓪𝓷𝓲𝔃𝓮𝓭: Keep your workspace and files tidy. 𝓒𝓮𝓵𝓮𝓫𝓻𝓪𝓽𝓮 𝓐𝓬𝓱𝓲𝓮𝓿𝓮𝓶𝓮𝓷𝓽𝓼: Reward yourself for completing tasks. 𝓔𝓷𝓳𝓸𝔂 𝓽𝓱𝓮 𝓢𝓮𝓪𝓼𝓸𝓷: Don't forget to relax and enjoy the holidays! 🎅🎁 Wishing you a joyful and productive holiday season, filled with happiness and success! 🌟 #holidayproductivity #businesstips #happyholidays

Tips for Finding an Accountant
🔍 Searching for the Perfect Accountant for Your Small Business? Look No Further! 🕵️‍♀️💼 As a small business owner, finding the right accountant is like having a trusted co-pilot on your entrepreneurial journey. ✈️🌟 Here are some tips to help you find the financial wizard your business deserves: 1️⃣ Ask for Referrals: Seek recommendations from fellow business owners or your professional network. Word of mouth can be golden when it comes to accountants! 2️⃣ Qualifications Matter: Ensure they have the right qualifications and experience, especially in your industry. You want someone who speaks the language of your business. 3️⃣ Check Reviews: Online reviews and testimonials can provide insights into the accountant's track record. Don't skip this step! 4️⃣ Communication is Key: A great accountant communicates clearly, helps you understand your finances, and is responsive when you need them. 5️⃣ Compatibility: Look for someone who shares your vision and values. A good working relationship is essential. 6️⃣ Availability: Ensure they can dedicate enough time to your business, especially during tax season. 7️⃣ Trust Your Gut: It's not just about numbers; it's about trust. Choose an accountant you feel comfortable with. Ready to take the next step in securing your business's financial success? Look no further! Sikora and Associates is your trusted partner in accounting. 🤝💰 Contact us today to explore how we can elevate your business to new heights! 𝗦𝗶𝗸𝗼𝗿𝗮 𝗮𝗻𝗱 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲𝘀 📲(𝟳𝟰𝟬) 𝟰𝟯𝟵-𝟱𝟱𝟲𝟱 📧𝗺𝗮𝘀𝗶𝗸𝗼𝗿𝗮@𝗳𝗶𝗿𝗲𝘄𝗶𝗿𝗲𝗶𝗻𝘁𝗲𝗿𝗻𝗲𝘁.𝗰𝗼𝗺 #smallbusinesstips #AccountingWizardry #sikoraandassociates

Happy Halloween!!
🎃👻 𝗛𝗮𝗽𝗽𝘆 𝗛𝗮𝗹𝗹𝗼𝘄𝗲𝗲𝗻 𝗳𝗿𝗼𝗺 𝗦𝗶𝗸𝗼𝗿𝗮 & 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲𝘀! 👻🎃 Wishing you a ghoulishly good time filled with tricks, treats, and a whole lot of spooky fun! 🕷️🦇 As experts in tax and financial planning, we're here to ensure your financial future is as bright as a full moon on a clear Halloween night! 🌕📊 Don't let financial scares haunt you—trust Sikora & Associates to help you navigate the financial unknowns. 🎃👻💰 Have a safe and thrilling Halloween! 🍬🕸️ #happyhalloween #financialplanning #sikoraandassociates #taxprep #PersonalizedAdvice

Remembering the bravery, unity, and resilience that emerged from the darkest day in our history. 🇺🇸 Let us honor the heroes and reflect on the strength of our nation this Patriot Day. ❤️🗽 #neverforget #PatriotDay #UnitedWeStand

Your IRS Finality Rights
🔍 Discover Your Right to Clarity: Your IRS Finality Rights! 💼✅ Hey there, savvy taxpayers! Did you know that you have the right to know where you stand with the IRS? It's all about finality, and we're here to break it down for you! 🧐📊 💡 What's Finality? It's the peace of mind you deserve when it comes to tax matters. Imagine knowing the when, what, and how of your tax situation – that's your right! ⏳ Time Limits: You have the right to know the maximum time you and the IRS have to settle things.⏰ Whether it's challenging a position or wrapping up an audit, you're in the know! 🔒 The Three-Year Rule: Usually, the IRS has 3 years from when you file to assess additional tax. But wait, there are exceptions! Unfiled or false returns can shake things up. 🧾 The 10-Year Collection Rule: The IRS has a 10-year window to collect unpaid taxes. No extensions unless you agree or a court says so. 💼 Halt the Clock: Sometimes, life throws curveballs. Bankruptcy or collection proceedings can pause that 10-year countdown. 📬 Notice of Deficiency: This is like a friendly heads-up from the IRS about extra tax owed. It's a notice with a deadline to challenge – your chance to speak up! 🔄 Audit Insights: Generally, it's one audit per tax year. But if needed, the IRS can reopen a previous year's audit. Just stay legit, no funny business! Your tax journey is unique, and your rights matter! Stay empowered, stay informed. 🌟 If you're ever in doubt, we're here to help guide you through. Let's navigate the tax world together! 🚀💼 𝗦𝗶𝗸𝗼𝗿𝗮 𝗮𝗻𝗱 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲𝘀 📲(𝟳𝟰𝟬) 𝟰𝟯𝟵-𝟱𝟱𝟲𝟱 📧𝗺𝗮𝘀𝗶𝗸𝗼𝗿𝗮@𝗳𝗶𝗿𝗲𝘄𝗶𝗿𝗲𝗶𝗻𝘁𝗲𝗿𝗻𝗲𝘁.𝗰𝗼𝗺 #TaxpayerRights #Empowerment #FinalityMatters

☀️ Tax Tips Finale: Wrapping Up Your Summer Savings ☀️💰 Here are the last few pieces of advice to ensure you make the most of your money this summer: 💡 Fun Fact: Making your home energy-efficient and claiming tax credits? That's a double win for your wallet and the environment! Remember, it's never too early to start planning for next year's taxes. Stay organized, keep track of your receipts, and consult IRS resources for more detailed information. Have a blast this summer, and let's tackle those taxes like champions when the time comes! 💪🔍💼 📞 Got questions about your taxes? We're here to help! Call us and our experienced team will provide the answers you need. 📞 𝗦𝗶𝗸𝗼𝗿𝗮 𝗮𝗻𝗱 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲𝘀 📲(𝟳𝟰𝟬) 𝟰𝟯𝟵-𝟱𝟱𝟲𝟱 📧𝗺𝗮𝘀𝗶𝗸𝗼𝗿𝗮@𝗳𝗶𝗿𝗲𝘄𝗶𝗿𝗲𝗶𝗻𝘁𝗲𝗿𝗻𝗲𝘁.𝗰𝗼𝗺 #TaxTipsFinale #summervibes #homeimprovement #financialwisdom #betaxready #sunandsavings #SmartSpending #taxsavings #moneymatters #taxtimeprep #enjoysummerresponsibly

☀️ Sunny Days and Tax Ways: More Tips for Summer ☀️💰 We hope you've been soaking up the sun and enjoying the summer fun. As promised, here are a few more tax tips to keep in mind during this sunny season: 👩‍💼 Working the Summer Grind: Even if you're working part-time this summer and not earning enough to owe federal income tax, it's still a smart move to file a tax return. You might be eligible for a refund, and it's always better to get what's owed to you. Gig economy workers, make sure to check out the Gig Economy Tax Center on IRS.gov for insights on how your side hustles may affect your taxes. 🏠 Home Improvement Time: Summertime means tackling those honey-do lists and sprucing up your humble abode. 🛠️ Did you know that certain home improvements may qualify you for tax benefits? 💰If you make energy-efficient improvements to your home, you might be eligible for a tax credit of up to $3,200! Visit the Energy Efficient Home Improvement Credit page on IRS.gov to explore the possibilities. Remember, a little planning now can go a long way when it comes to your future financial stability. Stay tuned for our final post next week, where we'll unveil our last set of summertime tax tips to help you make the most of your money and enjoy a worry-free summer!🏖️ 📞 Have tax-related questions or need personalized advice? Give us a call and our knowledgeable team will provide the guidance you need! 📞 𝗦𝗶𝗸𝗼𝗿𝗮 𝗮𝗻𝗱 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲𝘀 📲(𝟳𝟰𝟬) 𝟰𝟯𝟵-𝟱𝟱𝟲𝟱 📧𝗺𝗮𝘀𝗶𝗸𝗼𝗿𝗮@𝗳𝗶𝗿𝗲𝘄𝗶𝗿𝗲𝗶𝗻𝘁𝗲𝗿𝗻𝗲𝘁.𝗰𝗼𝗺 #taxtips ##summervıbes #parttimework #homeimprovement #financialwisdom #betaxready #sunandsavings #SmartSpending

🌞 Summertime Shenanigans: Tax Tips You Need to Know! ☀️💰 Summer is in full swing, and while you're enjoying the sun and fun, don't forget about how your summertime activities might impact your taxes! Here are some important tips to keep in mind for next year's tax season: 💍 Tying the Knot: If you're saying "I do" this wedding season, make tax filing a breeze by taking a few simple steps. Notify the Social Security Administration of any name change, update your address with the USPS, employers, and the IRS. Remember to fill out Form 8822, Change of Address, to officially update your mailing address with the IRS. Getting these changes done promptly will save you headaches during tax time! 🏕️ Summer Camp Savings: Sending your little ones off to summer camp? Good news! The cost may be eligible for the Child and Dependent Care Credit. Keep those receipts and claim the credit when you file your taxes. ✈️ Jet-Setting for Business: While the kids are off having a blast, business trips still call for some grown-up responsibilities. Remember, you may be eligible for tax deductions related to business travel. Whether it's a quick trip or a summer-long adventure, familiarize yourself with the rules and keep track of your expenses. Stay tuned for more posts to discover more summertime tax tips and how to make the most of your financial adventures this season! 💼💸 #taxtips #summervibes #tyingtheknot #camplife #businesstravel #financialwisdom #betaxready #sunandsavings #SmartSpending

#fourthofjuly #IndependenceDay #fireworks #bbqparty #patriotic #redwhiteblue #america #familytime #summercelebration #USA #starsandstripes #grillandchill #freedom #july4th #americanpride #partytime #celebrate #summerfun #sparklers #landofthefree #homeofthebrave

📢 Attention Business Owners! Time for a Payroll Check-up! 💼💰 Time is flying, and we've officially reached the halfway point of the year. It's the perfect moment to ensure your payroll is in top shape. At Sikora and Associates, we understand that managing payroll can be a real headache. But worry not, because we're here to take that load off your shoulders and let you focus on what you do best – growing your business! In case you missed our previous post, here's a reminder of what we offer. With our payroll management services, we'll revolutionize your payroll process. Say goodbye to paperwork and hello to digital efficiency! Our services allow you to email paystubs to your employees, set up direct deposit for seamless payments, and handle W-2s and payrolls with our paperless options. Why choose us? Well, let us tell you: 📊 Accurate and Timely Payroll Processing: Say goodbye to errors and delays. 📝 Full Service Payroll with Paperless Options: Embrace the digital age and save trees! 📑 Compliance with Tax Laws and Regulations: We've got you covered on all the legalities. 💡 Expert Guidance on Payroll Best Practices: Benefit from our knowledge and experience. 💪 Dedicated Support from our Knowledgeable Team: We're here for you every step of the way. Now that the 2nd quarter is over, it's an ideal time to make any necessary adjustments to your payroll system and set yourself up for a seamless Q3. Don't let payroll headaches hinder your progress. Simplify your payroll process with us! Ready to elevate your business with hassle-free payroll management? Contact us today to schedule a consultation. Let's make Q3 a success together! 💪🌟 📞 Call us at (740) 439-5565 📧 Email us at [email protected] Remember, your success is our priority! Let's conquer the payroll challenges and unlock your business's true potential. #payrollmanagement #businessgrowth #quarterlyreview #EfficiencyMatters #ExpertGuidance #stressfreepayrol

We've all been there! 😂 Tax season can be a rollercoaster of emotions, especially for small business owners. But fear not, we're here to save the day! 🦸‍♂️💼 At Sikora and Associates, we believe in keeping your bookkeeping on track all year round, so tax season doesn't have to be a tearful experience. Our experts are here to handle your financials, so you can focus on what you do best - running your business! 💪📚 Say goodbye to the stress of last-minute bookkeeping and hello to peace of mind. Let us handle the numbers while you conquer the world! 🌟 Give us a call today and let's turn your tax season tears into tears of joy!😄💼 𝗦𝗶𝗸𝗼𝗿𝗮 𝗮𝗻𝗱 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲𝘀 📲(𝟳𝟰𝟬) 𝟰𝟯𝟵-𝟱𝟱𝟲𝟱 📧𝗺𝗮𝘀𝗶𝗸𝗼𝗿𝗮@𝗳𝗶𝗿𝗲𝘄𝗶𝗿𝗲𝗶𝗻𝘁𝗲𝗿𝗻𝗲𝘁.𝗰𝗼𝗺 #taxseasonstruggles #smallbusinesssupport #StressFreeFinances #focusonyourpassion #TearsToJoy #businesssuccess #expertfinancialservices Remember, laughter is the best medicine, even when it comes to bookkeeping! 😄📊💼

Tax Withholding Q & A
📣 Question: When is the best time to adjust my tax withholding? 🤔 Answer: Anytime you experience a major life event such as having a new child in the family, getting a second job, getting married or divorced, or purchasing your first home would be a good time to adjust your tax withholding. 💡 Why is it important? 🧐 Life changes can significantly impact your tax situation. By adjusting your tax withholding promptly, you can ensure that you're not overpaying or underpaying your taxes. This helps you avoid unexpected tax bills or leaving money on the table. Keeping your tax withholding aligned with your current circumstances allows for more accurate tax planning and financial management. 💰💼 Don't navigate these changes alone! Our team of experts is here to assist you in understanding and optimizing your tax withholding. Contact us today to schedule a consultation and make sure your tax strategy is in sync with your life events. 📞💼 𝗦𝗶𝗸𝗼𝗿𝗮 𝗮𝗻𝗱 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲𝘀 📲(𝟳𝟰𝟬) 𝟰𝟯𝟵-𝟱𝟱𝟲𝟱 📧𝗺𝗮𝘀𝗶𝗸𝗼𝗿𝗮@𝗳𝗶𝗿𝗲𝘄𝗶𝗿𝗲𝗶𝗻𝘁𝗲𝗿𝗻𝗲𝘁.𝗰𝗼𝗺 #taxwithholding #lifeevents #taxplanning #financialmanagement #maximizeyourrefund #expertadvice

Let's list the good reasons not to have a bookkeeper.🤨 ✔️More worrying about keeping your financial records in order ✔️More scrambling to meet tax deadlines ✔️More confusion over what expenses to deduct ✔️More missing out on potential tax savings 😭🤯 Hmm... it looks like there's 🅽🅾 🅶🅾🅾🅳 🆁🅴🅰🆂🅾🅽 to not have a bookkeeper! 😄 Contact us today to learn how our expert bookkeeping services can help your business thrive. 💼💰 𝗦𝗶𝗸𝗼𝗿𝗮 𝗮𝗻𝗱 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲𝘀 📲(𝟳𝟰𝟬) 𝟰𝟯𝟵-𝟱𝟱𝟲𝟱 📧𝗺𝗮𝘀𝗶𝗸𝗼𝗿𝗮@𝗳𝗶𝗿𝗲𝘄𝗶𝗿𝗲𝗶𝗻𝘁𝗲𝗿𝗻𝗲𝘁.𝗰𝗼𝗺 #bookkeeping #smallbusiness #financialmanagement #noexcuses #entrepreneur #TaxSavings #accountingservices #financialplanning #businesssuccess #noregrets

#accountinganxiety #bookkeepingblues #numbernightmare #smallbusinessstress #moneymanagementmemes #accountantwoes #financialfear #taxtimeterror #businessbookkeeping #cpaproblems

🚨 Tax time is here, but don't stress! 💰 Follow these tips for a smoother filing process and get your refund sooner. 📎 Gather all your tax documents, including W-2s, 1099s, and prior-year tax returns to support your deductions and credits. 💻 Filing electronically is the way to go! It reduces math errors and identifies potential tax credits or deductions that you may be eligible to claim. 💰 Don't forget to report all taxable income, including income from the gig economy, service industry, and digital assets. Under-reporting income may lead to penalties and interest. 📬 If you must mail in your tax return, make sure to confirm the correct address on IRS.gov or on Form 1040 instructions to avoid processing delays. 📝 And remember to keep a copy of your signed return and any schedules for your records. Copies help you prepare future tax returns and make math computations if you need to file an amended return. If you need any help, don't hesitate to reach out to us. We're here to make tax season as stress-free as possible! 😎 𝗦𝗶𝗸𝗼𝗿𝗮 𝗮𝗻𝗱 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲𝘀 📲(𝟳𝟰𝟬) 𝟰𝟯𝟵-𝟱𝟱𝟲𝟱 📧𝗺𝗮𝘀𝗶𝗸𝗼𝗿𝗮@𝗳𝗶𝗿𝗲𝘄𝗶𝗿𝗲𝗶𝗻𝘁𝗲𝗿𝗻𝗲𝘁.𝗰𝗼𝗺 #taxtips #taxes #taxseason #refund #taxpreparation #taxreturn #gigeconomy #directdeposit #filingelectronically #IRS #taxdeductions #taxcredits

Financial Tips For Young Adults
Are you ready to take charge of your finances and start adulting like a pro? 💰💪 Here are some financial tips to help you get started: 1️⃣ Start by setting financial goals for yourself. 🎯What do you want to achieve financially in the short and long term? Whether it's paying off student loans or saving for a down payment on a house🏡, having clear goals will help you stay focused and motivated. 2️⃣ Create a budget and stick to it. 💰 Track your income and expenses, and make sure you're not spending more than you're earning. 📊 Apps like Mint or Personal Capital can help you stay on top of your finances. 3️⃣ Save money for emergencies. 🚑 You never know when an unexpected expense will pop up, so it's important to have a rainy-day fund.🌧️ Aim to save at least three to six months' worth of expenses in case of an emergency. 4️⃣ Start investing early. 📈 The earlier you start investing, the more time your money has to grow. Consider opening a retirement account like a 401(k) or IRA and start contributing regularly. 5️⃣ Don't be afraid to ask for help. 🙋If you're feeling overwhelmed or unsure about your finances, reach out to a financial advisor or planner for guidance. ❓ They can help you create a plan that's tailored to your unique financial situation. Remember, taking control of your finances doesn't have to be boring or scary. With a little bit of planning and effort, you can achieve your financial goals and live the life you want. 🎉 Ready to tackle your finances? 💪 Don't hesitate to reach out to us for help! We can provide personalized financial advice and guidance to help you achieve your goals. Contact us today to get started. 💬 𝗦𝗶𝗸𝗼𝗿𝗮 𝗮𝗻𝗱 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲𝘀 📲(𝟳𝟰𝟬) 𝟰𝟯𝟵-𝟱𝟱𝟲𝟱 📧𝗺𝗮𝘀𝗶𝗸𝗼𝗿𝗮@𝗳𝗶𝗿𝗲𝘄𝗶𝗿𝗲𝗶𝗻𝘁𝗲𝗿𝗻𝗲𝘁.𝗰𝗼𝗺 #financialtips #youngadults #perso