JT Pells CPA

Got an email from a new client a couple weeks ago about how obsessed we are with constantly communicating with our clients & he was shocked because....as most of you know - accountants are kind of infamous for never having time to communicate with their clients.

Yes, we obsessively reach out to our clients to talk to them about their books, profit, discuss strategies, etc.

That's why our clients are not part of the 85% of small business owners who overpay (unnecessarily) in taxes.

Send me a DM if you feel like communication is lacking from your current accounting team.

Real Estate Investors: How do you pivot when facing prolonged property vacancies?

Did you know that 'deductions' and 'tax credits' are NOT tax planning?
That's just the basics of filing a proper tax return.

DM me if you earn more than 100K/year in profit and you're looking to actually keep most of that instead of hand it over to the IRS.

Real Statistic: Over 85% of small business owners OVERPAY in taxes.
Why? Lack of tax strategy & poor bookkeeping.

DM if you think you're one of the 85%.

(Hint: if you're not strategizing, you are)

Here's what big 'accounting' companies like 1-800-Youknowwhat won't tell you:
They hire 'bookkeepers' and 'accountants' from overseas who do not understand one iota of the US tax code.

Recently got a message from someone that they paid them $3k for 6 months of work - which is a low price (how they land people) - except there's one issue....

No work has been done
They can't get ahold of anyone
They were never even 'assigned' an accountant.

Just like in real estate investing - if the deal seems to good to be true....you know the rest.

Here's what's at risk when you do your own taxes or go to H&R Block as a business owner..
1. Overpay massively in taxes
2. Noncompliance = IRS breathing down your neck or hitting you for 10's of 1000's in fines and interest a year or two from now when they catch up.

Is paying $99 for your return worth spending $10-50K (or more) down the road?

Business owners, how long did it take you to make 50K net profit? And what did your accountant advise you to do?

Real estate investors: what's a myth about your industry?

It's 2024, you pay someone to grocery shop for you, you pay someone to wash your car, you pay someone to cut your hair...

But you try to do your business taxes on your own??

Spend money where it matters, and the ROI will pay for itself.

REI's - how many times a year are you meeting with your CPA to tax plan?

Hint: If it's just to file, you're overpaying in taxes.

Want to find yourself thousands of dollars in deductions to lower your tax bill? Just click the link and enter your email to get our deductions guide.

Small Business Tax Savings Get tax tips and advice everyday for small business owners like you.

Real Estate Investors: working with a CPA that specializes in your industry is a MUST.

Roses are red
Violets are blue
Business taxes are complex,
But that's all we do!

Your CPA should be offering you advice throughout the year to save on taxes.

DM me if they're not.

The difference between well-done books and poorly-done books is usually thousands of dollars in excess taxes.

Top 3 Business Podcasts you love?

My List:

The Game (Alex Hormozi)
BiggerPockets Real Estate Podcast
Master Passive Income w/Dustin Heiner

I need more in my in my rotation!

PSA for Real Estate Investors (and biz owners in general). If you only hear from your CPA at tax time, you're not taking advantage of all the tax breaks available to you throughout the year.

Guaranteed.

Business owners - you need to issue your 1099's within the next couple of days to avoid huge penalties!

Reminder - you do NOT need to issue 1099's to corporations.

Business Owners - here's the issue with you having 'just anyone' or H&R block file your taxes...

There is a TREMENDOUS difference between an accountant who can tax plan for small businesses, and one that just files returns for people.

I have new clients all the time whose neighbor's dog's aunt filed their tax return and cost the business owner THOUSANDS in overpaid taxes.

Send me a DM if you're looking for a CPA who's well-versed in tax planning strategies.

PS - we also provide bookkeeping and payroll, so it's all in one!

"You must pay taxes. But there's no law that says you gotta leave a tip."
Reach out today to stop tipping the IRS!

Business Owners: today I want to give you a free guide on how to save on taxes.
The guide will break down how to deduct things like your wi-fi, cell phone, car expenses & more, so you don't have to wonder all year long if you're doing it right and you're not missing opportunities to save money!
Comment below if you want me to send it to you!

Here's the difference between tax planning and preparing a tax return.
The first is about saving money.
The second is about reporting it.

Make sure you have a CPA and accounting team that works for you all year long to help you save money.

Walking into Tax Season to help business owners save BIG MONEY.

DM me if you're on the hunt for a CPA who knows the power of using tax law to your advantage.
Joshua Thompson EA
Drew Pells
Let's get it!

What's a huge mistake I see business owners make when it comes to taxes?

Using H&R Block or Turbo Tax to file their return.

We amend so many of these returns where the owner overpaid by thousands (or straight up filed a tax return that didn't make any sense).

Send me a DM for a quote to file your return.

What goals have you hit this year… revenue, cheeseburgers smashed, something else?

2023 was tasks

2024 is outcomes and results

The slow burn is picking up

Do you think bookkeeping is "just entering stuff"?

Was Picasso "just painting"?

Good bookkeepers are worth their weight in gold... aka... tax savings

There's a kid who lives in the same apartment building as my partner Drew. He's a nice kid. Maybe 18, 20 years old. So the other day, we're passing each other in the hallway and he has a Purple Rain shirt on.

Yes, Purple Rain as in the artist still and always known as Prince. This youngin listens to Prince? That shocked me.

Maybe I'm just getting old, but it seems to me youngsters nowadays thought the world started in the year 2000. And then this kid rocks my world with a Prince shirt. Now that type of throwback... usually fun.

When it comes to taxes and accounting, though... an accountant stuck in the 80s is... well... less than ideal. One thing our clients love... we help them embrace the tools needed to save on taxes.

MileIQ, Honeybook, whatever the program is, if it's going to help you, it's at least worth checking out. And the same when it comes to your accountant.

Would you prefer a proactive accountant that makes sure you're deducting everything possible? If so, comment me

What comes easy to you and is difficult for others?

They told me to act natural so I opened QuickBooks

Should I start calling myself Roy Hobbs?

What does the name Hercule Poirot mean to you? Hopefully, it's that he's the greatest detective in literary history! Or at least, that you know him from the recent Agatha Christie books turned movies in the past few years.

And the most recent movie, A Haunting In Venice.. Poirot must solve the mystery of who murdered.... well... several different people. And no spoilers... let's just say money is involved.

In the end, he solves the mystery and it's probably the most surprising twist of the three movies so far. If you haven't seen it yet, sure, it's the third best of the three... and it's still pretty good.

So when it comes to your money, who is your Poirot? Who's tracking down your money? Who's solving the mystery of your missing invoices?

If it's you... that's a good start. Someone has to be doing it... you, your employee, your accountant... someone has to.

How great would it be to have a simple list of 101 tax deductions to start with?

DM me "101" to get it and finish out the year with a lower tax bill than expected