About Amit Patel

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So far Amit Patel has created 167 blog entries.

Saving for Your Child’s College? 4 Financial Tips You Should Know

2022-12-28T12:12:18-05:00November 28th, 2022|

How will you pay for your child’s education? With all the chaos that comes from raising children, financial planning can be the last thing on a parent’s mind. After all, thinking of how to pay for school can be incredibly stressful, time-consuming, and anxiety-ridden. But, it doesn’t have to be. We believe that every parent [...]

5 Things You Need to Know to Prepare for Your 2022 Tax Return

2022-11-08T00:36:50-05:00November 14th, 2022|

We agree that taxes might not be the best topic to talk about. After all, taxes can be stressful; paperwork, deadlines, deductions, credits, and more can make filing unbearable. But, it does not have to be that way. With the right preparation, taxes can actually be quick and painless. Given our expertise, we’ve decided to [...]

4 Financial Advising Trends for the 2022 Tax Year

2022-10-16T15:17:03-04:00October 24th, 2022|

The past few years have been financially exhausting for many. Things like layoffs, foreclosures, and bankruptcy have become common. But, as things slowly return to normal, what about finances? Market trends are improving, but continually changing; shedding light on areas to pay attention to. These fluxes matter because they could impact you. For example, influencing [...]

5 Reasons You Can’t Afford to Not Hire an Accountant for Your Business

2022-10-06T22:07:50-04:00October 10th, 2022|

Days shouldn’t be spent on financial administration. If you’re a small business owner that thinks you can save money by handling finances yourself, think again. That’s because bookkeeping and accounting are no easy feat. Everything from monitoring revenue to tracking expenses, and filing taxes is tedious and difficult work. When not done properly, it can [...]

The 3 Most Common Reasons A Business Goes Bankrupt

2022-09-30T09:24:50-04:00September 30th, 2022|

First-time owners often mismanage money. Entrepreneurs have a lot on their plates. They have to navigate ever-changing markets, product launches, inventory, staff, and so much more. But, managing all of these things is no easy feat. This juggling act is often the reason why so many first-time owners fail. In fact, according to the SBA [...]

5 Purchases You Didn’t Know Were Tax Deductible

2022-09-11T11:03:56-04:00September 12th, 2022|

If you’re self-employed, don’t forget to grab a copy of your receipt. If you’re self-employed, taxes are likely not the first thing on your mind each day. But, ignoring your tax situation could be costing you. That’s because the purchases you make could be eligible for a tax deduction. Things like company meals, home office [...]

The Ultimate Tax Day Checklist for Businesses

2022-08-14T21:10:12-04:00August 22nd, 2022|

Filing your taxes shouldn’t cause a headache. The last thing you want to feel is stress when tax time rolls around. That’s why, given all the paperwork, documents, and information that needs to be gathered, the preparation should begin far in advance. If you haven’t begun this year’s prep, don’t stress - that’s why we’re [...]

A Business’s Guide to Issuing 1099 Forms

2022-08-06T10:21:35-04:00August 8th, 2022|

Are your 1099 Forms prepared for the year? Also referred to as “information returns”, the 1099 form is a series of documents issued by the IRS. But what are they used for? And who needs to file? If you don’t know these answers, we got you covered. Continue reading below for a helpful guide on [...]

Financial Vs. Management Accounting: The Differences Explained

2022-07-22T12:59:58-04:00July 25th, 2022|

Business owners need accountants. Accountants are often used to determine the financial state of a company. They are able to identify a business’s cash flow, debt, production costs, and so much more. Without this information, owners won’t be able to plan for the future or make informed business decisions. Plus, missing data can even give [...]

The 4 Best Accounting Practices to Use for An Online Business

2022-07-12T07:48:42-04:00July 12th, 2022|

There’s a lot to consider when it comes to managing a business. For most business owners, money is top of mind. Whether it’s payroll, upping the inventory, monthly bills, or new equipment; keeping track of how much they have and where it’s going is constant. Despite its importance, many owners struggle when it comes to [...]

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