Appel CPA

As children get older, they may want to try their hand at smaller gigs to help build their savings. It's important to encourage them, but make sure they're able to balance work, homework and extracurricular activities. Some part-time job ideas you can suggest are mowing lawns or walking the neighbor’s dog! If you have more questions, contact us at (503) 643-9000.

Retirement-specific saving accounts, such as 401ks, are a great way to build up your retirement nest egg. That said, there can also be drawbacks to these types of accounts. One common example is that before January 1, 2024, you typically can’t withdraw funds before age 59 ½ without incurring penalties or taxes. Whichever type of account you use, researching its advantages and disadvantages will help you make an informed decision. We'll save you hours of confusion and stress - you can count on that! Contact us today at (503) 643-9000 for more information about our services.

Bookkeeping is imperative to running your business smoothly. These 3 important documents will help you operate the backend properly. 1) Have a balance sheet. This will show you your liabilities, assets, and equity. 2) Keep a profit and loss statement. This helps you identify if your company is profitable or not. 3) Maintain a cash flow statement. This keeps track of where all the money is going. Focus on your business and leave the bookkeeping up to us. Contact us today at (503) 643-9000.

Planning strategically and making informed decisions can help you to avoid accumulating tax debt and maintain financial stability. Making these smart money moves really can help you put your best foot forward to financial wellness all while approaching tax season with confidence.

Smart Moves to Help You Avoid Tax Debt | www.financialhotspot.com Tax season can be a stressful time for many individuals, and the fear of accumulating tax debt looms large. However, with strategic planning and informed decisions, you can navigate the complexities of taxation and reduce the risk of finding yourself in debt to tax authorities. In this blog post, we...

In cash-based accounting, companies document revenue when money is received. They record expenses when the cash is paid. Cash-based accounting is perfect for smaller businesses and professional service firms that do not hold inventory. In accrual accounting practice, income is reported when earned not when cash is received. Expenses are documented when money is incurred not actually paid. Accrual-based accounting is suitable for significantly larger and more complex businesses with inventory or shareholders and investors. Do you have accounting questions? We have the answers! Talk to us at (503) 643-9000.

Life is rarely as linear as we expect it to be - sometimes it can take us a while to feel financially secure enough to begin saving for retirement. Whatever your circumstances are, it isn’t too late to start! Focus on what you can contribute to your retirement accounts as anything you can add now has the potential to grow over time. Remember to also consider when and where you want to retire, as this can also affect how much you'll need to save. Need an accountant? Why wait? Call us today at (503) 643-9000 to schedule a consultation!

Tinsel and lights, and all the holiday sights often come with increased spending. However, it’s possible to enjoy all the festivities while maintaining financial stability. Following these simple tips can help keep your holiday spending in check to stay money-wise throughout the season.

Tips to Manage Spending During Holidays | www.financialhotspot.com The holiday season is a time of joy, celebration, and, often, increased spending. As festivities bring the temptation to indulge, managing your expenses becomes crucial to maintaining financial stability. In this blog post, we'll explore practical tips to help you navigate holiday spending wisely an...

May your season be filled with the love and warmth of family and friends. Merry Christmas from our family to yours!🌟

Parents often worry that discussing their financial situation with their children will cause undue stress. In reality, being open and honest about your family’s finances can help improve their understanding of budgeting and spending responsibly. It will also help prepare your child for the ups and downs of their own financial future. Contact us today at (503) 643-9000.

Your business isn't bookkeeping, but it is ours. Let us take care of it for you! Contact us today at (503) 643-9000.

An emergency fund is essential in ensuring that you and your family are protected financially during challenging times. Discipline and smart money management strategies are the building blocks of an effective emergency fund. Find peace during times of unexpected expenses by following these steps. We keep your finances in order so you can continue focusing on what you love! Call us at (503) 643-9000 to schedule a consultation.

Smart Saving Strategies: How to Build an Emergency Fund | www.financialhotspot.com Life is full of unexpected events and financial emergencies. Having a robust emergency fund is crucial to protect yourself and your family during challenging times. Building an emergency fund requires disciplined saving and smart financial strategies. In this blog post, we will explore effective way...