Tag: Taxes

Stay on Top of Tax Law Changes!

The tax law changes greatly impact what can be deducted from the meals and entertainment expense category. The old law allowed a 50% deduction for business-related meals and entertainment expenses and a 100% deduction for meals provided for employees at the employer’s convenience while on the premises of the employer’s place of business. However, the...

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Creating a Paper Trail

Creating a Paper Trail for Client Entertainment Expenses In business ownership, maintaining meticulous records for client entertainment is no mere option; it’s a necessity. While most are familiar with the importance of keeping receipts, a more comprehensive approach exists to this financial endeavor. Beyond mere receipts, thorough documentation is the bedrock for entertaining clients and...

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Track Your Physical Inventory in Real-Time!

2022 is closed. Your taxes are in the capable hands of your CPA or already complete. So, what’s next for the business on top of its bookkeeping game? Tracking their business property! Most localities require you to report all business property you keep at your location. Sure, this means your computers and big equipment. But...

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Save Those Receipts

The IRS requires you to keep receipts for everything you spend on your business. Collecting and managing those receipts is a critical workflow for your business. Done well; this becomes a way everyone works. Not done well, this becomes a time-consuming reconstruction effort well after the fact, and the potential to still miss things is...

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Start Saving for Taxes Now!

I know I know … you are sick of taxes! And you just paid them (or at least an estimate of what you will owe). But here’s the thing – smart businesses save for taxes throughout the year. So month by month or week by week, they are putting money away for the tax payments...

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📣 Projections for Success! How Zumifi Transformed Year-End Planning 🗓️💼

Picture this: It’s mid-December, and one of our clients has crystal-clear visibility into their remaining income and expenses for the entire year of 2023. Equipped with this valuable information, their dedicated account manager, Megan, swiftly provided them with accurate projected financials for the upcoming year. The result? Our client was able to make well-informed last-minute...

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Success Stories – Getting It Right

Impacting Our Clients for the Better We are thrilled to welcome Alexandra to our team here at Zumifi, and she’s already making a big impact! As a financial management services provider, we understand that our clients’ concerns and challenges can be complex, and it takes a team of experts to navigate them successfully. Alexandra has...

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