SAP Virtual Resources, LLC

Let's celebrate this 4th of July with joy and gratitude! 🎆

Navigating the complexities of personal appearance tax deductions can be challenging, and there are many misconceptions about what can and can't be deducted. If you'd like to discuss your specific situation and get expert guidance on maximizing your deductions, I invite you to schedule a consultation with me at your convenience. Simply click the link below to access my calendar and select a time that works best for you. tidycal.com/sapvirtualresources

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Today, let's discuss the pro and cons of a business credit card. How to use them for success in your business and what to watch out for. If you have questions or want to talk about your situation, let's set up a time to chat tidycal.com/sapvirtualresources

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Fringe benefits can be a confusing subject in payroll. Some benefits are treated as wages, some as taxable, and the limit can be fairly low for what is considered to fall under this category. If you want to talk about your particular case, go to https://tidycal.com/sapvirtualresources to schedule a time

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There is a lot of misinformation around paying for unapproved work hours, do you really need to pay for those hours? The short answer is yes. Reach out with questions if you would like to talk about your payroll https://tidycal.com/sapvirtualresources or find an employment lawyer to talk to.

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How are Exempt and Nonexempt employees different from the salary and hourly employees? This is an important thing to know if you are looking to add employees or want to ensure that your current employees are being paid properly. If you want to talk about your personal circumstances in your business, let's set up a time to chat. https://tidycal.com/sapvirtualresources

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Salary Vs. Hourly Employees
What does it actually mean to have salaried and hourly employees? It may not mean what you think it does. We are going to focus on payroll information that you need if you are looking to hire for your small business or if you already have employees that might not be set up correctly. Do you want to chat or have questions on what you need to know for payroll? Set up a time to talk https://tidycal.com/sapvirtualresources

When someone asks if you are a cash or an accrual business for your accounting, do you know what they are asking? Or why it matters? The two ways of handling your books can give completely different reports so you do need to know what you are using and why. Do you want to reach out and set up a time to talk to make sure that you are using the correct accounting method? Sign up for a 30 minute chat here https://tidycal.com/sapvirtualresources

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Are you reconciling your accounts each month? What accounts should you be reconciling and why should you bother, especially if you use QuickBooks Online and have your bank feed attached? Let's discuss Do you want to chat or have questions on what you should be focusing on? Set up a time to talk https://calendly.com/sapvirtualresources/30min

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Do you know that an owner is paid differently in an LLC business compared to an S-Corporation? Why can get deduct one from your business' net income and not the other and is it worth upgrading your business? Do you want to chat or have questions on what you should be focusing on? Set up a time to talk https://calendly.com/sapvirtualresources/30min

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Partner draws are like taking a piece of a pie that you already own, while guaranteed payments are like getting paid for baking the pie in the first place but how do you report those pies. Do you want to chat or have questions on what you should be focusing on? Set up a time to talk https://calendly.com/sapvirtualresources/30min

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Ins and Outs of Owner Equity

How does Owner Equity work? Does it affect the Profit and Loss report or the Balance Sheet? How do Owner Draws work? Do you want to chat or have questions on what you should be focusing on? Set up a time to talk https://calendly.com/sapvirtualresources/30min

Do you know the different structures available to you as you set up and grow your business? Let's talk about which one would work best for you.
Do you want to chat or have questions on what you should be focusing on? Do you want to chat or have questions on what you should be focusing on? Set up a time to talk https://calendly.com/sapvirtualresources/30min

Why should you work on building credit for your business? Did you know your business has a credit score, just like you do personally? What steps can you take to improve it? Do you want to chat or have questions on what you should be focusing on? Set up a time to talk https://calendly.com/sapvirtualresources/30min

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Have you reviewed your budget for Quarter 1? Are you on track for your goals? Also an update for the Facebook lives. Do you want to chat or have questions on what you should be focusing on? Set up a time to talk https://calendly.com/sapvirtualresources/30min

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How do you ensure that you are being paid for all that you do? Do you need suggestions on how to make collecting on your receivables more efficient? Do you want to chat or have questions on what you should be focusing on? Set up a time to talk https://calendly.com/sapvirtualresources/30min

Does your business have an emergency fund? Why would you want to have money set aside? What value does it bring you? Do you want to chat or have questions on what you should be focusing on? Set up a time to talk https://calendly.com/sapvirtualresources/30min

Do you look at your Profit and Loss reports each month? This is another important report to see how you are doing in your business. Some software calls it an Income Statement and it shows the same information. Do you want to chat or have questions on what you should be focusing on? Set up a time to talk https://calendly.com/sapvirtualresources/30min