Gina-Maria Magel CPA PLLC

Having accurate books can go a long way in your professional and personal life. It is essential for tax reporting, legal compliance, budgeting, higher profitability, financial management, and reduced stress. We’ll save you hours of confusion and worry – you can count on that! Contact us today at (480) 529-5001 for more information about our services.

Tax season is here, and the filing deadline is April 15, 2024. If, for any reason, you need to file an extension, October 15, 2024, is another date to remember. Don’t wait till the last minute! Give us a call today at (480) 529-5001.

When the trustor passes away, the trustee’s job is to carry out the trust estate in accordance with the trust. This means taking care of the nitty-gritty details, such as paying medical expenses, contacting beneficiaries, covering funeral costs, and allocating assets. Have questions? Contact us today at (480) 529-5001.

Expanding a business to have overseas operations often comes with tax-related challenges that can affect tax planning and compliance. Most multinational businesses must take these important topics into consideration with international expansion and success.

Important Considerations for International Business Tax Planning | www.financialhotspot.com International expansion can present various tax-related challenges, such as double taxation, indirect taxes, exchange rate volatility, and confusing tax codes. Organizations with overseas operations also have to juggle tax compliance and tax planning. While the former helps your company conform to r...

Sure, you've heard how having a business consultancy service can help your business grow, but do you know what we actually do? Below are some common services that we provide. Need help with handling your finances? Contact us today at (480) 529-5001!

A trustee's role is a critical one once accepted. It is important to be aware of the non-delegable tasks that trustees must complete themselves and which ones are acceptable to request help and hire assistance for. We are here to answer any questions you may have. Contact us today at (480) 529-5001.

You already deal with enough daily stress, let us take care of your taxes for you. You deserve it! Contact us at (480) 529-5001 to set up a consultation today!

An emergency fund is essential in ensuring that you and your family are protected financially during challenging times. Discipline and smart money management strategies are the building blocks of an effective emergency fund. Find peace during times of unexpected expenses by following these steps. We keep your finances in order so you can continue focusing on what you love! Call us at (480) 529-5001 to schedule a consultation.

Smart Saving Strategies: How to Build an Emergency Fund | www.financialhotspot.com Life is full of unexpected events and financial emergencies. Having a robust emergency fund is crucial to protect yourself and your family during challenging times. Building an emergency fund requires disciplined saving and smart financial strategies. In this blog post, we will explore effective way...

As children get older, they may want to try their hand at smaller gigs to help build their savings. It's important to encourage them, but make sure they're able to balance work, homework and extracurricular activities. Some part-time job ideas you can suggest are mowing lawns or walking the neighbor’s dog! If you have more questions, contact us at (480) 529-5001.

Did you know that an Institute of Business Forecasting and Planning study confirms that businesses can save up to $3.5 million per year with accurate financial forecasting? Companies need to create and maintain accurate financial forecasts that keep their finances in top shape. Schedule a consultation with us today at (480) 529-5001!

Unsure what advantages consulting could offer you and your business? External expertise can help boost your growth strategies and operational efficiency amongst many other benefits! Read more about how it could support your company success here and remember guidance to navigate through life's challenges towards financial success is just a call away! Contact us at (480) 529-5001.

Ways Business Consultants Can Support Growth and Success | www.financialhotspot.com In today's competitive business landscape, companies often seek external expertise to enhance their growth strategies and operational efficiency. Business consultants play a vital role in supporting businesses across various industries, providing specialized knowledge and guidance. If you're conside...

Overspending can be the bane of businesses. However, it is important to note that not all expenses provide the same value. Searching for a skilled and professional accountant? Look no further! Contact us at (480) 529-5001 to schedule your consultation. We look forward to working together!

Piggy banks are a great savings vehicle for younger children, but when they hit elementary school, consider opening a kid's account at a bank. It's a great way to start instilling the importance of gradually building up their balance as well as an introduction to the banking industry. Call us at (480) 529-5001.

Tinsel and lights, and all the holiday sights often come with increased spending. However, it’s possible to enjoy all the festivities while maintaining financial stability. Following these simple tips can help keep your holiday spending in check to stay money-wise throughout the season.

Tips to Manage Spending During Holidays | www.financialhotspot.com The holiday season is a time of joy, celebration, and, often, increased spending. As festivities bring the temptation to indulge, managing your expenses becomes crucial to maintaining financial stability. In this blog post, we'll explore practical tips to help you navigate holiday spending wisely an...

Hiring a bookkeeping professional or accountant is important for peace of mind. When software is used, that leaves room for errors and mishaps since an experienced professional is not reviewing the paperwork. Research shows that business owners spend approximately 33 to 100 hours a year trying to keep track of their taxes and bookkeeping. Let us do the heavy lifting for you. Contact us today at (480) 529-5001.

If you are fresh to the accounting world, here are a few easy tips to always remember. Keep as many documents as possible. The more, the better. Be sure to keep track of all expenses. Numbers don’t lie and it will keep you informed on how you are doing each quarter and where your money is going. Lastly, hire a qualified accountant like us so you can focus on what you do best. Give us a call at (480) 529-5001 to get started today.

May your season be filled with the love and warmth of family and friends. Merry Christmas from our family to yours!🌟

The Earned Income Tax Credit (EITC) is a refundable tax credit that can be beneficial for most low- or moderate-income families. It was created in 2020 as a work bonus plan to supplement certain taxpayers’ income. It reduces the amount of tax owed on a dollar-for-dollar basis and is adjusted for inflation each year. If you have questions about whether you quality, contact us today at (480) 529-5001!

Understanding the Earned Income Tax Credit | www.financialhotspot.com The Earned Income Tax Credit (EITC) is one of the most beneficial tax credits for families with low or moderate combined incomes. It puts an average of $2,043 back in the hands of eligible workers and families. About 31 million people applied for and received the credit in 2022, according to the IRS...

We'll save you hours of confusion and stress - you can count on that! Contact us today at (480) 529-5001 for more information about our services.

Every parent knows what it’s like to be inundated with requests from their kid for the newest toy or video game. Younger children, in particular, don’t understand that there’s only so much money you have each month for discretionary purchases. Encouraging kids to pay half the cost of the toy they want will give them a better sense of what things cost and how to save money. Contact us today at (480) 529-5001!

A CPA is an accountant who takes care of all the math inside of your business dealing with financial planning, bookkeeping, tax returns, and more. Being a business owner is a lot as it is, especially when you add quarterly taxes and accounts receivable - tasks can start to pile up. No problem is too big, and no detail is too small. We are available to handle it all! Give us a call at (480) 529-5001.

Filing taxes can be a daunting task even in the best of times, but these obligations may quickly get lost in the shuffle when faced with an unexpected disaster. From tornadoes to earthquakes, natural catastrophes often leave us feeling unable to cope or think straight – making tax deadlines just one more thing on your already full plate.

To schedule a consultation, contact us at (480) 529-5001

Tax Relief After a Natural Disaster | www.financialhotspot.com Tax deadlines can be nerve-wracking during the best of times. When a natural disaster hits your neighborhood, looming tax obligations can add more stress to an already traumatic situation. In some cases, they may be the last thing on your mind. Such disasters include tornadoes, hurricanes, floods, w...

Do not worry about your personal credit score being affected by a company-issued credit card. Consumer credit bureaus reports only affect individuals who personally guaranteed the debt on the business card. If you have more questions, don't hesitate to contact us at (480) 529-5001.

Did you know A.I. is making its way into the accounting world? The evolving capabilities of A.I. could bring new value to bookkeeping tools and the businesses they serve. While there may be some benefits of using this technology, remember that accounting is very, very precise. Generative A.I. is not. Get started with our bookkeeping service today by contacting us at (480) 529-5001. https://bit.ly/45vCHTW

Even though online tax software and apps are relatively easy to use, hiring a tax professional ensures that you receive all the tax deductions that you're entitled to. Real interactions still matter, call us today at (480) 529-5001!

Estate executors have important roles to play in fulfilling a deceased person’s wishes and financial affairs. It is their full legal obligation to ensure that all assets are distributed to the beneficiaries as well as many other job responsibilities. It is vital when naming an executor in your will that you choose someone you trust and who understands the executor process.

Understanding the Role of an Estate Executor | www.financialhotspot.com An executor of an estate has the legal responsibility of fulfilling the deceased's wishes, identifying, gathering, and safeguarding assets, and distributing them to the beneficiaries. These responsibilities can be complex depending on the decedent's financial situation and the intricate nature of th...

Wishing you and your family a very happy Hanukkah!🌟 We hope your eight days are filled with light, warmth, and joy!

Parents often worry that discussing their financial situation with their children will cause undue stress. In reality, being open and honest about your family’s finances can help improve their understanding of budgeting and spending responsibly. It will also help prepare your child for the ups and downs of their own financial future. Contact us today at (480) 529-5001.

Retirement-specific saving accounts, such as 401ks, are a great way to build up your retirement nest egg. That said, there can also be drawbacks to these types of accounts. One common example is that before January 1, 2024, you typically can’t withdraw funds before age 59 ½ without incurring penalties or taxes. Whichever type of account you use, researching its advantages and disadvantages will help you make an informed decision. We'll save you hours of confusion and stress - you can count on that! Contact us today at (480) 529-5001 for more information about our services.