Tag: financial success

Navigating the complexities of small business tax deductions can be a daunting task for business owners. Understanding how to effectively utilize each small business tax deduction available is crucial for minimizing tax liabilities and maximizing profitability. Lucia & Co. CPAs is dedicated to guiding businesses through the intricate pathways of tax deductions, ensuring that every possible avenue for tax savings is thoroughly explored and utilized. What is a Tax Deduction? A tax deduction is a critical aspect of the taxation system, allowing businesses to subtract certain expenses from …

When it comes to managing your business’s financials, accuracy and efficiency are paramount. That’s where Intuit QuickBooks training comes into play. At Lucia & Co. CPAs, we understand the significance of mastering this powerful accounting software. As not your ordinary bean counters, we offer comprehensive Intuit QuickBooks training that equips business owners, accountants, and professionals with the knowledge and skills they need to streamline their financial operations. In this article, we delve into who provides Intuit QuickBooks training and why it is essential for anyone seeking t…

Proactive tax planning is a strategy I strongly advocate for as a CPA, having observed many small business owners rely on outdated ‘reactive’ tax planning. This traditional approach involves monitoring sales and expenses throughout the year, and then using these figures to determine tax liabilities at year-end, often leading to missed opportunities. Reactive tax planning tends to be a passive process, where business owners only consider their tax situation when the filing deadline approaches. This can result in a scramble to gather documentation and make last-minute financial decisions, whi…