Marc A Espar

Wishing you and your family happiness and renewal this festive season! 🐰

Business financial audits don’t have to be scary! With careful planning and organizational preparation, the process will be smooth and successful. Remember – being proactive is your greatest asset!

5 Important Steps to Prepare for a Business Audit | www.financialhotspot.com Facing a business audit can be daunting, but the key to a successful outcome is meticulous preparation. Whether you're a seasoned entrepreneur or a small business owner, understanding the steps to prepare for an audit is essential. In this comprehensive guide, we'll walk you through five crucial ste...

When in doubt, always have the following up to date - it will make your life a whole lot easier: an income statement, profit and loss statement, balance sheet, bank reconciliation, and a cash flow statement. This will get you started in the right direction and help you keep track of your accounting. Are you searching for a skilled and professional accountant? Look no further! Contact us at (219) 874-1040 to schedule your consultation. We look forward to working together!

As a business consultant, we use our expertise and dedication to ensure that we come up with the best plan for your business. Take charge and obtain the success you deserve. Contact us today at (219) 874-1040 for questions about our different business consulting services.

Making mistakes on your tax return is a big deal, leading you to possibly miss out on a larger refund or, at worst, could result in an audit from the Internal Revenue Service (IRS). The best way to fix these mistakes is to avoid making them in the first place. If you need help with filing your taxes, we're here for you. Call us today at (219) 874-1040 to set up your appointment!

It can be a difficult and confusing process to file your Foreign Bank and Financial Accounts Report (FBAR) accurately. Navigating the everchanging regulations can leave a U.S. taxpayer feeling overwhelmed – making your job less than stress free. Letting your accountant – like us – file your FBAR not only ensures that it is completed properly, but also is a convenient and strategic move on your part!

Why You Should Let an Accountant File Your FBAR | www.financialhotspot.com Filing your Foreign Bank and Financial Accounts Report (FBAR) can be a maze of regulations, requirements, and potential pitfalls. As a U.S. taxpayer with foreign financial interests, the intricacies of FBAR filing may leave you feeling overwhelmed. In this guide, we'll explore why entrusting this ta...

It is easy to have stuff pile up at home that we never actually use. Rather than putting those things in your storage, garage, or closet, take the time to sort through those belongings. You can sell them online, have a yard sale, or take them to a thrift store. Get rid of it and stock up that extra cash. We keep your finances in order so you can continue focusing on what you love! Call us at (219) 874-1040 for more information about our services.

Achieving high business performance requires strict organization and management. Make sure to have all of your accounts up to par by consulting with us. Spend more time focusing on your business and let us handle the rest! Call us at (219) 874-1040 to speak to one of our financial professionals.

Having messy books can literally make or break a business. That can be the difference between thriving in today’s economy vs being replaced. Hiring a remote bookkeeper can help with taking care of your budgeting, payroll, financial errors, and more. Learn why a bookkeeper is essential today.

Tax season is a stressful time for a lot of us; however, by planning strategically and making informed tax decisions ahead of time, you can reduce the risk of accumulating tax debt and more easily navigate the complex world of taxation. Make these smart money moves to maintain financial stability for years to come.

Smart Moves to Help You Avoid Tax Debt | www.financialhotspot.com Tax season can be a stressful time for many individuals, and the fear of accumulating tax debt looms large. However, with strategic planning and informed decisions, you can navigate the complexities of taxation and reduce the risk of finding yourself in debt to tax authorities. In this blog post, we...

A key component of bookkeeping is accounts payable (AP). It aids small business owners in knowing who payments need to go to. AP contains unpaid invoices that have yet to be settled and are an essential part of your company's debts. Books behind? Get caught up by contacting us at (219) 874-1040 to discuss how we can help you!

Something as small as being mindful to turn off the running water while brushing your teeth or shorter showers can go a long way for saving on daily essentials. Using gas apps can help you find the cheapest fuel near you. Buying groceries with coupons is also a win. These small changes can create big savings, especially if you keep track of it! We keep your finances in order so you can continue focusing on what you love! Call us at (219) 874-1040 to schedule a consultation.

If you want to reduce your estate taxes before you die, there are some tactics you might use to protect your property. They include:

Risk management is an essential aspect for businesses and individuals as it helps identify impacts to your financial goals. Despite its popularity and importance, there are quite a lot of commonly made mistakes by organizations when it comes to risk management. Avoiding these mistakes can assist you in maintaining a robust and successful business strategy.

Common Risk Management Mistakes | www.financialhotspot.com Risk management is a critical aspect of sound financial decision-making for businesses and individuals alike. It involves identifying, assessing, and mitigating potential risks that could impact your financial goals. Despite its importance, there are common mistakes that individuals and organization...

You already deal with enough daily stress, let us take care of your taxes for you. You deserve it! Contact us at (219) 874-1040 to set up a consultation today!

It's never too early to get a start on your taxes! Don't let important tax deadlines pass you by - let us handle it for you! Contact us today at (219) 874-1040.

Don't wait until April, get real answers from a tax professional now! Give us a call at (219) 874-1040.

Continuous accounting has completely revolutionized traditional accounting methods by offering more real-time approaches to the way a business manages its finances. It involves distributing and automating the financial process throughout the accounting period rather than focusing on them solely at the end of the period.

Advantages of Continuous Accounting | www.financialhotspot.com Continuous accounting is revolutionizing traditional accounting practices, offering a more dynamic and real-time approach to financial management. In this blog post, we'll explore the numerous advantages that Continuous Accounting brings to the table, transforming the way businesses handle their fin...

Hiring a bookkeeper can help alleviate unnecessary mental overload, anxiety, and stress. It allows for a separation in your business so that you don’t have to worry about doing everything yourself. It also avoids errors while doing your own taxes, overpayments and underpayments, and avoiding issues with the IRS. It provides you with a partner to lean on when it comes to your books. Let us be that for you. Give us a call today at (219) 874-1040.

When your business undergoes a review, there are three stages that are usually followed: discovery, evaluation and implementation. Here, in the image below, we explain what happens in each stage. We're here to help you, contact us at (219) 874-1040 today!

Keep your small business books in order with our bookkeeping services! Give us a call at (219) 874-1040 to get started today.

An Offer in Compromise is an agreement between a taxpayer and the IRS that allows the taxpayer to settle their debts for amounts less than what they owe. Be aware that this isn’t automatically granted, and you must quality through strict eligibility criteria. If you are eligible, this could offer you a lifeline in reducing your financial hardship.

What Is an Offer in Compromise? | www.financialhotspot.com Facing a substantial tax debt can be a daunting experience, leaving individuals searching for viable solutions to alleviate their financial burdens. One such option that the IRS offers is an Offer in Compromise. This mechanism provides taxpayers with a potential lifeline, allowing them to settle the...

Believe us – we totally get it. Taxes can be confusing! Don't let important tax deadlines pass you by. Let us handle it for you! Contact us today at (219) 874-1040.

Running a business is hard, but bookkeeping shouldn't be. Let our professional bookkeepers handle it for you! Contact us at (219) 874-1040 to get started.

Picking the right accountant for you and your business can sometimes be difficult when you don’t know the right questions to ask. These 9 questions can help guide you throughout the process to ensure that your business’ growth, profitability, and long-term objectives are top priority.

9 Questions to Ask When Searching for a Business Accountant | www.financialhotspot.com A professional accountant plays an essential role in helping your startup achieve its strategic objectives. However, picking the right fit for your business isn't always a straightforward affair. These questions will help you in the process of searching for a suitable business accountant: 1. What Ar...

Happy Valentine's Day from us to you! We know taxes can be heart work, but we love doing them for clients like you.💕

It is easy to think that you can do it yourself and manage your own bookkeeping while upkeeping your business so you can save money. However, it's a heavy burden to carry alone. If you do your own bookkeeping, you must maintain meticulous records of every single transaction and receipt, keeping them organized so they are easily accessible. It's easy to miss something causing errors, which can throw your whole books off. Running a business is hard, but bookkeeping shouldn’t be. Let our professional bookkeepers handle it for you! Contact us at (219) 874-1040.

Mastering your personal finance skills is the best way to bring your financial goals to fruition. These goals can range from saving up for retirement, your child’s college education, and some short-term financial needs. When it comes to personal finance, there are five fields to consider when making smart financial decisions. Need further help with your finances? Contact us today at (219) 874-1040

Planning strategically and making informed decisions can help you to avoid accumulating tax debt and maintain financial stability. Making these smart money moves really can help you put your best foot forward to financial wellness all while approaching tax season with confidence.

Smart Moves to Help You Avoid Tax Debt | www.financialhotspot.com Tax season can be a stressful time for many individuals, and the fear of accumulating tax debt looms large. However, with strategic planning and informed decisions, you can navigate the complexities of taxation and reduce the risk of finding yourself in debt to tax authorities. In this blog post, we...