Recent Newsletters
- 17/03/2025in Newsletters
Pinnacle Business Solutions – Income Tax Update – March 2025
... - 14/02/2025in Newsletters
Pinnacle Business Solutions – Open House / Greater Phoenix Chamber Ribbon Cutting
Greater Phoenix Chamber: Thank you for coming out to our new office and holding the Phoenix Chamber Ribbon Cutting. Our firm has been privileged to thrive and grow over the years, and this new office marks a significant step forward for us. Not only does it represent our ongoing commitment to excellence in finance, accounting... - 24/01/2025in Newsletters
Put Your Kids on the Payroll: A Smart Tax Deduction Strategy for Business Owners
Running a business comes with many challenges, but it also opens the door to unique tax strategies. One often-overlooked opportunity is to “put your kids on the payroll.” Yes, hiring your children to work for your business can provide several tax benefits. Let’s break down how this strategy works and the key things you need... - 31/07/2024in Newsletters
A Comprehensive Guide to being Prepared for Tax Season: Individual and Business Income Tax Returns
Tax season can be a stressful time for many, but with the right preparation and guidance, it doesn’t have to be. Whether you’re an individual filer, a small business owner, or managing a more complex financial situation; understanding how to get ready for tax season is crucial. We will explore the different options for filing... - 03/07/2024in Newsletters
Boost Your Bottom Line: Why Mid-Year Business Income Tax Planning is a Must
Mid-year business income tax planning is an essential practice for businesses of all sizes. This process involves evaluating a company’s financial performance and tax situation partway through the fiscal year to make informed decisions and adjustments. Proactive tax planning can lead to significant financial benefits and ensure a smoother yea... - 13/06/2024in Newsletters
Prepare Business Financial Plans – Eliminate Surprises and Sleep at Night
Many business owners work tirelessly to develop excellent product and service offerings and/or high-quality manufacturing and distribution capabilities. However, when it comes to putting that same energy and focus into a financial plan for their business, they come up short. However, it is the financial plan that helps them manage their growth and ... - 26/02/2024in Newsletters
Tax Saving Strategies for Business
As we approach tax season, it’s crucial for businesses to optimize their tax planning strategies to maximize savings and ensure compliance. Here are five key strategies to consider: 1) Take Advantage of Deductions: One of the most effective ways to reduce taxable income is by leveraging deductions. This includes expenses such as salaries, ren... - 30/01/2024in Newsletters
Is the Research and Development Tax Credit Right for your Business?
Is The Research and Development Tax Credit Right for Your Business? With the start of the year, businesses continue thinking about potential tax saving strategies. With these discussions comes considering the possibility of any tax credits that could be useful for the business to participate in. This could range from Energy efficiencies, to ... - 16/12/2023in Newsletters
2023 Energy Efficient Home Improvement Credit and the Residential Clean Energy Credit
In a context of rapid growth in environmental awareness and sustainable living, homeowners and renters alike have the opportunity to make a positive impact while reaping financial benefits through energy-efficient home improvements. The U.S. government provides tax credits for qualified improvements to encourage individuals to invest in environment... - 06/09/2023in Newsletters
Press Release
FOR IMMEDIATE RELEASE Pinnacle Business Solutions LLP 19332 N. 100th Way Scottsdale, Arizona 85255 September 6, 2023 Contact: Paul J. Beckert MBA, CPA President, Pinnacle Business Solutions Email: paul@pinnacle-business.com Phone: 480-980-3977 Pinnacle Business Solutions LLP Welcomes Tori J. Schott as Experienced Staff Accountant Scottsdale, Arizon... - 25/07/2023in Newsletters
Preserve Capital Gains on Your Real Estate Development Transactions
As real estate developers, investors, and business owners minimizing ordinary income tax is crucial to retain more of your profits and optimize financial outcomes. There are various business strategies that can help you achieve this goal while complying with applicable tax regulations. One of these strategies includes preserving capital gains on ... - 03/01/2022in Newsletters
Make Your Next Vacation Tax Deductible
With the new year comes a renewed interest in travel. Increased vaccines and vaccination rates are making travel safe once again. There has never been a time when getting out of the house and taking a vacation, has been more needed. The only thing better than a memorable trip is one that comes with... - 18/11/2021in Newsletters
2021 Federal Tax Law Changes
2021 has been another challenging year for many businesses. Covid-19 has caused numerous businesses to rethink their business strategy. Many businesses have had to pivot to new markets to sustain profitability and cash flow. Congress has also had to respond to Covid-19. It made changes to the Tax Cut and Jobs Act for 2020. It... - 24/07/2021in Newsletters
Winning Performance Measures to Manage Your Business
Winning Performance Measures to Manage Your Business In today’s business environment, business owners/managers have been overwhelmed with advice about performance measures: Total Return to Shareholders (“TRS”), Discounted Cash Flows (“DCF”), Economic Profit, Economic Value Added (“EVA”), Return on Invested ... - 06/06/2021in Newsletters
Prepare Financial Plans – Eliminate Surprises
Many business owners work tirelessly to develop excellent product and service offerings and/or high quality manufacturing and distribution capabilities. However, when it comes to putting that same energy and focus into a financial plan, they come up short. However, it is the financial plan that helps them manage their growth and ensure they are get... - 25/04/2021in Newsletters
The American Rescue Plan
On March 11, 2021, President Biden signed into law, the one year act, called the American Rescue Plan. This act contains many tax provisions to help individuals and businesses impacted by Covid-19. Some of these provisions are listed below. As a business owner it is in your best interest to be aware of these provisions... - 20/03/2021in Newsletters
If You Are Not Utilizing These Cash Flow Management Strategies, You Are Going Out of Business!
As many small business owners know, maintaining a smooth cash flow can be a challenge. It can require you to juggle nearly every aspect of your business, from staying on top of accounts receivable, to extending lines of credit, to managing inventory. Successful cash flow managers effectively manage the inflows of cash to their business... - 17/02/2021in Newsletters
Financial Management Systems for Businesses
Is your company experiencing one or more of the following? Inability to grow revenue or profitability beyond a certain point Growth in revenue while profits remain flat or decline Costs spiraling out of control Growth in revenue constrained by limited cash flow Surprise at year end when profitability not where it should be Limited time... - 14/01/2021in Newsletters
Need Help Increasing Your Cash Flow?
As many small business owners know, maintaining a smooth cash flow can be a challenge. It can require you to juggle nearly every aspect of your business: from staying on top of accounts receivable, to extending lines of credit or managing inventory. Successful cash flow managers effectively manage the inflows of cash to their business... - 17/11/2020in Newsletters
2020 Federal Tax Law Changes
2020 has been a challenging year for many businesses. Covid-19 has caused numerous businesses to rethink their business strategy. Many businesses have had to pivot to new markets to sustain profitability and cash flow. Congress has also had to respond to Covid-19. It made changes to the Tax Cut and Jobs Act for 2020. It... - 19/10/2020in Newsletters
Like-Kind Exchanges Can Greatly Impact Your Bottom Line
Is your business buying and selling property on a regular basis? Are you paying tax with every sale that results in a gain? If so, you may want to consider a like-kind exchange! In general, all gains and losses realized on sales and other dispositions of property are taxable, but an exception is made when business... - 21/09/2020in Newsletters
Five Tips for Buying or Selling a Business
Owning a business can be very exciting but it can also be quite risky, especially if you are starting it from ground zero. One way to reduce some of that risk is to buy an existing successful business; one that already has products/services and customers. This reduction in risk does come at a price,... - 19/08/2020in Newsletters
Does Your Company Have a Good Cost Reduction Program?
Many companies think they have a good handle on their business costs. However, when we ask a few simple questions about their costs, they are oftentimes surprised at what they have been missing. They soon realize that they have significant opportunity to improve their company profits by more effectively managing their costs. Having a comprehensive... - 17/08/2020in Newsletters
Could your business benefit from a solid financial plan?
Many business owners work tirelessly to develop excellent product and service offerings and/or high quality manufacturing and distribution capabilities. However, when it comes to putting that same energy and focus into a financial plan, they come up short. However, it is the financial plan that helps them manage their growth and ensure they are get... - 16/07/2020in Newsletters
Are You Overlooking These Federal Tax Credits For Your Business?
Federal tax credits can help you pay part of the cost of running your business. Many businesses overlook them each year, even though they often qualify for one or more of these credits. Though both tax deductions and credits can save businesses money, they do it in different ways. A deduction lowers the income on... - 16/06/2020in Newsletters
A Good Accounting System Can Help Your Business
How does a good accounting system increase your company’s likelihood of staying in business and earning larger profits? It helps you answer questions like these: How much business am I doing and how much of that business is tied up in receivables? A good accounting system will not only help you track your company revenues,... - 19/05/2020in Newsletters
New Covid-19 Tax Credits for Businesses
Covid-19 has significantly impacted businesses throughout the United States in many different ways, from government mandated shutdowns to significant decreases in customer demand and disruptions to business supply chains. In an effort to reduce the economic impact of Covid-19, the Internal Revenue Service has recently introduced three important ne... - 17/04/2020in Newsletters
Financial Management in a Challenging Market
In these very challenging and uncertain times many companies struggle to maintain focus, and control of their businesses. All too often, these companies become paralyzed by the uncertainty in their markets. In many cases, their lack of decision making, results in the market making the decisions for them and a business closure. The need... - 04/02/2020in Newsletters
Business Value Creation
The goal of most business owners is to increase the value of their company. However, in many cases this discussion does not arise until the business owner decides it’s time to sell the company. In most cases, this is too late in the game to have the discussion. Business owners that focus on building shareholder... - 25/11/2019in Newsletters
Managing Business Risk
Business owners, just by their very nature, are greater risk takers than the average person on the street. In many cases, the process of starting a business requires that the entrepreneur put a significant portion of everything they have worked for on the line, based on a belief that their efforts will lead to success....
