Design with elements & power your creativity // Designing Clarified paths, Tech-enabled finances, & Optimized taxes for #entrepreneurs ... for #whattrulymatters
Laurel, MD
Joined June 2009
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WE'VE MOVED! ->
Follow our **new Microblog** for updates on small business strategy tips, fintech innovations, & smart tax moves
Now available at: micro.elements.cpa/
Cheers and see you there! 🍻
The latest data on Small Business from @xero shows 👉
Sales are🔻 3.2% year-over-year, but less than last qtr -- Suggesting they may be stabilizing
Of note: The post-COVID bounce back for Big business vs. Small business has been markedly different & not a well-told story
Gotta give a shoutout to @Bike2WorkMD to promote 2024 "Bike to Work Week" (which includes biking anywhere!) 🚴♂️
Check-out link for free t-shirts at local bike shops, fun activities, & prizes! -- A great time to get out there on two wheels next week! 😀
teapawt.net/Bike2WorkMD/status/177…
Registration for Bike to Work Week 2024 is officially open! Join us for events, t-shirts, prizes and more festivities leading up to National Bike to Work Day on May 17. Cyclists of all levels are welcome. Help us spread the word! Register FOR FREE at BikeToWorkMD.com
PSA: IRS impersonation scams continue -- The latest involves calling w/partial taxpayer info, but then strong-arming into giving up payment accounts
Always exercise skepticism & here's the IRS' page of scams + what to do:
irs.gov/newsroom/tax-scamsco…
Forget to file your Maryland Form 1 Annual Report/PPT by Apr 15?
This year all Form 1's are extended to Jun 17 as part of easing the business burden due to the FSK bridge collapse
So quickly head right over to MD Business Express to file online:
egov.maryland.gov/businessex…
“You escape competition through authenticity —
No one else can beat you, at being you.” -Jimmy Carr
Although he’s a stand-up comic, to us, Jimmy’s point rings true in business too …
How does your business reflect your particular uniqueness?
#DesignYourBusiness
Quick note that ElementsCPA HQ will be closed Tue, Apr 16 for a "Recharge Day" from tax season ...
Then back Wed, Apr 17 to continue helping the #entrepreneurs we serve design businesses they love!
#DesignWithElements #PowerYourCreativity
Need to file an #extension for April 15?
Check out our post for links, tips, & more -->
e-cpa.com/2rJVwVB
#StressFreeTax
First 3 months in rearview mirror - 9 months remaining ->
Fresh beginning today!
teapawt.net/year_progress/status/1…
“More stores closing as retail evolves” e-cpa.com/3x8bM4s
As one biz owner describes: ‘I don’t think it’s an exaggeration to say the past 3 years have impacted every single business owner I know in a huge way’
Our take: Business model design is as critical as ever
Excited to see @xero's announcement of JAX "Just Ask Xero" -- An AI chat assistant coming in beta later this year to help #SmallBusiness complete common tasks like Invoice reminders, cash flow projections, & more
Here's a preview: e-cpa.com/3Tn0VfS
#TechEnabledFinances
Heard about the new #SmallBusiness requirement to submit Business Owner info to the U.S. gov't? 😲
Here's our 20-min. video of what you need to know + tips on how to easily accomplish ✅
-> Avoid the 2-yr prison / $10k fine 😟
#CTA #BOI #LessStress
e-cpa.com/3OSBoZ9
UPDATE: 1 Mar 2024, a federal court enjoined enforcement of the CTA against the plaintiffs (via @wsj)
It's unclear if will go any further - Depending on your approach, you could wait til dust clears to see if changes, or just opt to 'get it done'
wsj.com/articles/judge-strik…
In this podcast episode🎙️, Adrian’s interviewed by one of his mentors: Gary Mottershead ->
They discuss innovations around empowering entrepreneurs, the importance of advisors, and The Elements Foundation™ process.
A fun, insightful conversation!
e-cpa.com/3P0xQ7B
Get ready for tax season with our latest blog post! 📑
Download the essential tools & checklists to streamline your 2023 small business & individual tax returns.
Stay organized and stress-free this tax season! e-cpa.com/3HNl87Y
#OptimizeYourTax
Stay ahead of the curve with crucial insights into 2023-2024 tax law changes impacting small businesses & their owners.
Learn about key updates and strategies in our latest blog post:
e-cpa.com/3Ur8T8L
#SmallBusiness #TaxLawChanges #DesignYourBusiness
Have a multi-member #LLC that is/ intends to elect #Scorp status?
It’s a *very* good idea for your Operating Agreement to contain certain clauses to prevent putting the S-corp status in jeopardy🙅 😢 - Like those listed here
Be sure to consult w/your tax & legal advisors
Forming an S Corp #LLC? Watch your operating agreement! Avoid #tax traps & optimize for #SCorp benefits. Learn more here: bit.ly/42zSEIp
