Osprey Accounting Services, Inc.

We can't believe another year has gone by! We appreciate all of our customers and the new friends we made this year. Here's to prosperity in the new year! - Bryan and Team

https://www.ospreycpa.com

Happy Thanksgiving to you and yours!

Osprey’s Happy Clients🌟
Thank you for your feedback, Steven. We know how stressful tax laws are and we love being able to provide our clients with peace of mind.
Have you worked with Osprey? We would love to hear from you.
https://g.page/r/CeSff_qNfHXpEAI/review

Osprey’s Dedicated Team💥
At Osprey Accounting Services, Inc., we are committed to serving our clients with respect, earning their trust through integrity and excellence. The satisfaction of our clients is our main priority. We have a dedicated team with decades of experience.
Meet our talented team members here:

https://ospreycpa.com/about-osprey-accounting-services/team-members/

Tax Implications for Small Business Owners🌟
Owning your own small business is one of the surest ways towards financial security. But along with the risk of capital, there are risks concerning tax law that need to be addressed. Here are a few general thoughts that you might want to consider about tax implications for small business owners. 💰
Read more here: https://ospreycpa.com/tax-implications-for-small-business-owners/

Osprey’s Happy Clients💥
Thank you for your feedback, Brayden. We love helping our clients achieve peace of mind when it comes to their taxes.
Have you worked with Osprey? We would love to hear from you.
https://g.page/r/CeSff_qNfHXpEAI/review

Help with Your Tax Deadlines! ✅
Everyone has a yearly tax schedule. It doesn’t matter if you are an employee, a small-business employer or running an S Corporation. At Osprey, we want to keep you informed and ahead of schedule. We have put together a list of the tax dates you should keep in mind for the remainder of the year. 🗓
View the list here:
https://ospreycpa.com/tax-deadlines/

How can quarterly taxes help your business? 💥
I know no one likes talking about taxes in general, and the constant sending of quarterly tax payments can be the bane of your existence.
But… what if I told you that if you approach this subject proactively, paying your quarterly taxes can be a genuine benefit. First, some parameters; If you are self-employed and estimate you will pay at least $1,000 in taxes in a year, you should be making quarterly payments. If you are a corporation, that amount drops to 500 dollars. 💵
Learn more here: https://ospreycpa.com/how-can-quarterly-taxes-help-your-business/

Osprey’s Happy Clients
Thank you for your feedback, Ryan. Running a business is tough enough without the added stress that taxes bring and we love being able to relieve some of that burden from our business owners. 💥
Have you worked with Osprey? We would love to hear from you.
https://g.page/r/CeSff_qNfHXpEAI/review

Business Consulting
Our experienced professionals can help with a myriad of business questions. Starting a new business? Concerned about how to structure it? Questions about which software system to use for your business? Need advice about maximizing your tax deductions for your business? We can put your mind at ease knowing that you are doing it the right way the first time. We can work with you to sort through most issues you run into during the course of running your business. 💥
Does this sound like something your business needs? Give us a call today. 📲
https://ospreycpa.com/business-tax-services/

Planning Vacations that Don’t Break The Bank 🏦
What about a staycation? Rising gas prices, summer commitments, and fewer vacation days are some of the reasons Americans use summer to explore closer to home. According to a Bankrate survey, staying local was the second most-popular option for time off, after beach travel. Make sure your staycation is fun and memorable. First, save on hotel costs by using your home as a base. Brainstorm a schedule of activities. Is there a small museum you’ve always wanted to visit? Where is the most beautiful river hike within a two-hour drive? Find adventures in your own “backyard.” ☀️
Read more of our ideas here:
https://ospreycpa.com/planning-vacations-that-dont-break-the-bank/

Such an amazing day supporting the Permission To Start Dreaming Foundation at Swing For a Soldier 2022! Thank you for having us out!!

Osprey’s Happy Clients
Thank you for your feedback, Jessie. We have a dedicated team with decades of experience, and we love helping our clients achieve peace of mind when it comes to their taxes.
Have you worked with Osprey? We would love to hear from you. 🌟
https://g.page/r/CeSff_qNfHXpEAI/review

Planning Vacations that Don’t Break The Bank 💵
Suitcases, sunscreen and sandals are on everyone’s list this year. According to a recent survey, almost three-quarters of Americans have made summer travel plans in 2022. But how can you escape to Europe, jet to a tropical location, or find some local color and culture on a budget? We have some tips for vacation planning that will leave you refreshed without breaking the bank. Read our new blog here:
https://ospreycpa.com/planning-vacations-that-dont-break-the-bank/

Bryan’s Journey to Becoming a CPA 💰
When it comes to taxes, no one wants to take up the task. This is where Bryan makes everyone’s life easier. The journey towards becoming a CPA started with, of all things, a Communications degree from UC Davis. “My goal was to be the PR director of Nike,” Bryan adds with an eye-roll. “When I found out that Nike wasn’t clamoring to hire me, I started working with my Father-in-law at his CPA firm.” Over time, Bryan realized he loved working with clients and seeing the ins-and-outs of different fields. Eventually, Bryan earned his MBA while simultaneously working two different jobs in Sacramento. He passed his California CPA exam in 2003. Eventually, the CPA took Bryan to be the Controller/ CFO at a Jamba Juice chain. While he enjoyed the restaurant world and was a part of several restaurant launches, something led him back to being a personal CPA. 💥
Connect with us: https://ospreycpa.com

Osprey Accounting Services, Inc. In Gig Harbor & Fed Way.
Our mission is to provide quality CPA services with a focus on a big picture approach. Strong client relationships are crucial!

So honored to be a small part of this amazing event! Please check out Swing For A Soldier and the Permission To Start Dreaming Foundation, as it is an incredible organization that helps our veterans and their families so very much!

Many thank-yous to our friends with the Aegis Title & Land Group & Osprey Accounting for being some of our Hole Sponsors for this year’s Swing for A Soldier Event! We are beyond thankful for the continued support through your participation and partnership.
Osprey Accounting Services, Inc.

AEGIS Land Title Group
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Teaching Your Kids About Money
With school wrapping up for the year, you’re typically spending a lot more time with your kids. This can be a great time to start teaching them about money. Sadly, many parents feel intimidated about this conversation since they feel bad about some of the money choices they made. The good news is that your regrets can make for the BEST jumping-off points when talking to your kids. Luckily, we can help you with approaching this topic. 💰
Revisit some of our blog posts about this here:
https://ospreycpa.com/teaching-your-kids-about-money/ https://ospreycpa.com/teaching-your-kids-about-money-2/

Happy Father's Day! We hope you all had a wonderful day with your loved ones. 💥

https://ospreycpa.com

Osprey’s Happy Clients
Thank you for your feedback, Christopher. We have a dedicated team with decades of experience, and we love helping our clients achieve peace of mind when it comes to their taxes. Learn more about Osprey Accounting Services here: https://ospreycpa.com

Thank you to Communities In Schools of Peninsula for the opportunity to help our community!!

We want to say THANK YOU to Osprey Accounting Services Inc. for sponsoring our All In "Fore" Kids Golf Tournament!

Giving Back on the Basketball Court
Bryan and his family make Gig Harbor their home. Consequently, his sons are taller than he and play basketball. Bryan, a lover of the game, has stayed involved with his passion by helping his sons’ basketball teams. He helps them grow their skill and abilities through practice. ‘Osprey’ is a tip of the hat to his 7 years coaching basketball at Peninsula High School, home of the Seahawks. He enjoys basketball and even more the opportunity to mentor and coach young talent. Bryan believes that basketball is a tool to teach character and he enjoys giving back to his community in this way.🏀
https://ospreycpa.com/giving-back/

Can Your CPA Be a Strategic Consultant? Yes!

I want to address how your tax professional can become a strategic consultant in your business for today’s post. We are thoroughly prepared to keep our eyes on the horizon to look for future tax-planning advantages. If you are planning to add staff, equipment, marketing, or other business investments, we can advise you on how to minimize your tax burden, which will maximize your profit. But aside from straight tax issues, there are other strategic business services with which a tax professional can help. 💥

Learn more about this service here: https://ospreycpa.com/how-your-cpa-can-be-a-strategic-consultant/

Which Avenger pays the least taxes? Spider-Man, because his income is all net. 🕷

Just a little accounting humor for you today. How was your tax season? Which part do you find the most stressful? Tell us in the comments below⬇️

https://ospreycpa.com

W-2 Employees vs 1099 Contractors
What is a 1099 and a W-2? 1099s and W-2s are tax forms. A 1099-MISC is used to report payments made to independent contractors (who cover their own employment taxes). A W-2 form, on the other hand, is used for employees (whose employer withholds payroll taxes from their earnings). 💰
So which of these is right for your business? Read our blog for a breakdown here:
https://ospreycpa.com/to-w-2-or-not-that-is-the-question/
Still have questions? Contact us or comment them below(emoji)

W-2 Employees vs 1099 Contractors
A question in the offices of many start ups is should we convert 1099 contractors to W-2 employees? The simple answer is, do you need to train and supervise them? Convert them. Have they arrived project and skill ready and require little to no supervision? They can remain 1099 contractors. We are breaking down the difference in our newest blog, read it here:
https://ospreycpa.com/to-w-2-or-not-that-is-the-question/

Business Consulting

Our experienced professionals can help with a myriad of business questions. Starting a new business? Concerned about how to structure it? Questions about which software system to use for your business? Need advice about maximizing your tax deductions for your business? We can put your mind at ease knowing that you are doing it the right way the first time. We can work with you to sort through most issues you run into during the course of running your business. 🌟

https://ospreycpa.com/business-tax-services/

Happy Mother’s Day Moms!

Osprey Accounting Services, Inc. is a privately held corporation providing accounting and tax services to businesses and individuals. The company was started in 2017, though our professionals bring more than 20 years of accounting and finance experience to our clients. Want to work with us? 🌟
Contact us here:
https://ospreycpa.com

Osprey’s Happy Clients
We get to work with the best people, and we couldn’t be more thankful. Thank you for your feedback Jessie! How can Osprey Accounting help you and your business? Give us a call today. 📲

https://ospreycpa.com

Tax Deductions Only for New Businesses
The IRS allows up to $5,000 in deductions for both the start-up and the organization costs in your first year of business. This means if you are choosing to hang a shingle or open a business, you will have up to $10,000 in deductions for that first year. 💰
Please note that this is only for costs under a total of $50,000. If you go over that amount in expenses, you need to subtract your deductions from the amount you went over. In a nutshell, if your expenses are over $56,000, then you will have removed all $5,000 of deduction. If that is the case, you can amortize the costs over a few years, which is a more in-depth process than we address on our blog. Read more about the tax deductions available to startup businesses here:

https://ospreycpa.com/tax-deductions-only-for-new-businesses/

Wishing you and your loved ones a Happy Easter from Osprey Accounting. 🐰

https://ospreycpa.com

Financial Statement Preparation
We can wrap up your books at the end of the year and prepare professional financial statements for you. Does your bank require you to compile financial statements each year to satisfy your loan requirements? We provide compiled financial statement preparation (no audits or reviews), and we can help you stay in compliance with your loan requirements.

A review of your financial statements provides the user with limited assurance that the financial statements are prepared according to GAAP (Generally Accepted Accounting Principles). While an audit is much more in-depth than a review, a review still offers the financial statement user (banks, investors, etc.) some assurance that your company’s financial statements are prepared in accordance with GAAP. 💵

A compilation is the lowest level of assurance when it comes to your financial statements. While a review or audit provide assurance, a compilation involves our professionals working with your books and putting that information in the form of professional financial statements for your creditors or investors.
https://ospreycpa.com/business-tax-services/

Tax Deductions Only for New Businesses
If the time has come for you to become your own boss — I salute you!
There are few paths to wealth that rely only on a salary. The ‘millionaire next door’ frequently runs their own business and usually has a few sources of income. 💰
Here at Osprey, we specialize in helping small to medium-sized businesses deal with more than just tax issues! But today, we will address some unique tax deductions for starting a new business. Read all about it at our newest blog here:
https://ospreycpa.com/tax-deductions-only-for-new-businesses/

Many people think of Bryan Lichau as much more than a CPA. He provides business strategy direction and advice to his clients, input that brings increases in revenue, better business processes, and more. Interested in learning more about our Strategic Business Consultant services? Watch our video on Youtube, and don’t forget to subscribe so you don’t miss out on future videos. 🔥

https://www.youtube.com/watch?v=l4AVSposlRE

So how do you estimate your quarterly taxes?
✅Estimate your income. This can be based on year-to-date information or past year's results.
✅Deduct your expenses from the estimated revenue.
✅Figure out your income tax amount, both your tax bracket and 15.3% for self-employment taxes.
✅Then take that number and divide by four.
Please feel free to reach out to me if you have any questions. This is a quick overview of the subject, and I'd love the chance to talk further.

Read our blog about quarterly taxes here to learn more:
https://ospreycpa.com/how-can-quarterly-taxes-help-your-business/

We know how stressful tax season can be. Whether your business is a sole proprietorship, corporation, S-corporation, partnership, LLC, LLP, or non-profit, we can prepare your books and tax returns for you. Give us a call, we can help. 💥
https://ospreycpa.com/business-tax-services/