June Tax Reminder: Are You Setting Yourself Up for a Surprise Tax Bill?
As we move into June, many business owners are focused on serving clients, growing revenue, and managing day-to-day operations. Unfortunately, taxes are often pushed to the bottom of the priority list until a surprise bill arrives. One of the most common issues I see is business owners who owe taxes every year but never make […]
The Difference Between Filing Taxes and Having a Tax Strategy
For many individuals and business owners, taxes become a once-a-year event. Documents get gathered.Forms get filed.Returns get submitted.And everyone breathes a sigh of relief when it’s over. But there’s a major difference between simply filing taxes and actually having a tax strategy—and understanding that difference can have a significant impact on your financial future. At […]
What Outside Forces Can Impact Your Business Financially?
Understanding the Outside Forces That Can Impact Your Financial Strategy Most business owners think taxes only change when their revenue changes. But in reality, there are many outside forces that can directly impact your tax situation, financial planning, deductions, credits, reporting requirements, and long-term business strategy. Some changes happen slowly over time. Others happen almost […]
The Start-Up Mindset: Dreams, Dollars, and Doing It Right from Day One
Starting a business is exciting.It’s driven by vision, fueled by passion, and often built on a simple but powerful thought: “What if this actually works?” Because it can. But between the dream and the reality lies something many entrepreneurs underestimate…the financial foundation that determines whether that dream grows—or stalls out. The Dream: Where Every Business […]
Why Startups Fail (And How Smart Financial Strategy Can Change the Outcome)
Starting a business is exciting—but it’s also one of the most challenging journeys an entrepreneur can take. At Rae’s Accounting, one of the things we value most is sitting down with business owners at the very beginning—before the stress, before the confusion, and before costly mistakes start to happen. Because getting on the right path […]
The Most Common Tax Questions—And Why the Answer Isn’t Always Simple
Let’s clear up some of the misinformation I’m seeing out there 👀 Q: What is the “$600 rule”? A: This gets misunderstood ALL the time. The $600 rule relates to reporting requirements (like 1099s)—not when income becomes taxable.👉 If you’re self-employed, you are required to report income starting at $400, not $600. Q: Can I […]
Why Having an Enrolled Agent & Certified Tax Planning Coach Year-Round Changes Everything for Your Business
For many business owners, the relationship with their accountant begins and ends with tax season. Documents get dropped off, numbers get filed, and everyone hopes the outcome is acceptable. But the most successful business owners don’t treat accounting like a once-a-year obligation. They treat it like a strategic partnership. Working with an Enrolled Agent and […]
Car Loan Interest Tax Deduction (2025–2028): What You Need to Know
A new provision under the One Big Beautiful Bill Act (OBBBA) may allow taxpayers to claim a car loan interest tax deduction for qualifying vehicle purchases made during tax years 2025 through 2028. That sounds straightforward—but like most tax law updates, eligibility depends on very specific rules. Not every vehicle qualifies, not every loan qualifies, […]
The Psychology of Money Management in Today’s Business World
The psychology of money management in today’s business environment extends far beyond spreadsheets and formulas. While the numbers still matter, long-term success is increasingly shaped by behavior, emotional discipline, and how effectively risk is managed. Business owners are making financial decisions in a landscape defined by uncertainty—economic shifts, rising costs, evolving tax laws, and constant […]
