Trinity Bookkeeping LLC

🚨 Big News for Businesses!

On December 3, 2024, a federal district court in Texas issued a nationwide preliminary injunction that temporarily halts enforcement of the CTA and its beneficial ownership information (BOI) reporting requirements.

Here’s what this means:

👉 The January 1, 2025, deadline for submitting initial BOI reports is currently on hold.

👉 Companies are not required to report BOI to FinCEN while this injunction is in effect.

👉 There will be no penalties for failing to submit BOI reports during this time.

FinCEN has also clarified that companies may still voluntarily submit their BOI reports.

It’s worth noting that the Department of Justice has filed an appeal, and the situation could change quickly.

To avoid potential last-minute challenges if enforcement resumes, it’s a good idea to prepare your documents and forms now.

This way, your business will be ready to comply without scrambling to meet deadlines.

For more details, read here: https://fincen.gov/boi

If you’ve been rushing to catch up on your bookkeeping at the end of the year, it’s time for a change.

Let us take the stress off your plate by managing your books monthly.

We help you:

📌 Stay on top of your finances all year
📌 Get accurate reports when you need them
📌 Focus on growing your business, not crunching numbers

Ready to make bookkeeping one less thing to worry about? Let's chat!

Attention business owners! If you paid $600 or more to a non-employee contractor or an unincorporated business this year, don’t forget you need to issue them a 1099-NEC by January 31, 2025.

Similarly, third-party payment processors like PayPal must issue 1099-K forms by this date for accounts that fall within the new reporting threshold requirements.

Get started now to avoid last-minute stress and gather all necessary information like your contractor's W-9 form and make sure everything is accurate.

As a self-employed individual, you should wait to file your tax return until you've received all your 1099 forms to ensure your reported income matches.

Need help managing your 1099s? We're here to help!

Black Friday Special📣

Running a business is hard enough—let us handle the numbers so you can focus on what you do best.

Sign up for our bookkeeping services this Black Friday, and we’ll cover your QuickBooks Online subscription for the next 3 months!

Don’t miss out, it’s the perfect time to get organized and save money. Let’s get started today!

Happy Thanksgiving! 🦃

Wishing everyone a day filled with good food, laughter, and the company of loved ones.

Enjoy the holiday and all the moments that make it special!

We’ll be back and ready to tackle all things bookkeeping and business on December 2nd!

In the meantime, I hope you have a wonderful, relaxing holiday filled with delicious food and laughter.

Happy Thanksgiving! 🦃

November is the critical time to get your finances in order before the year ends!

Here are some quick tips to help you get your finances in order this month:

1. Gather your receipts and sort through your expenses now to make tax season way less stressful.

2. Check your bank, credit card, and other accounts to make sure everything’s accurate and up to date.

3. Create a budget for any holiday-related business expenses, like staff bonuses, marketing campaigns to avoid overspending and keep cash flow in check.

4. Take a look at the financial goals you set earlier this year. Is there anything you can still knock out before the year ends?

5. Be sure to coordinate with your bookkeeper, accountant, or tax professional to stay on track.

What’s your top financial focus this month?

The holiday season is all about celebrating and giving, but don’t forget to stay on top of your bookkeeping!

Here’s a quick guide to help keep them in order:

1. Track those party expenses (venue, catering, entertainment) and make sure they’re categorized correctly.

2. If you’re giving gifts, you can deduct up to $25 per client per year, so keep those receipts handy and note who the gift is for.

3. Cash bonuses for your team? Don’t forget they’re taxable, so be sure to record them properly in payroll.

Need help managing your business finances this season? Let’s chat!

Is bookkeeping stressing you out?

Let us take it off your plate so you can focus on what you do best—running your business!

Here’s how we can help:

✅ No more worrying about mistakes or falling behind—we’ll keep everything accurate and up to date.

✅ We’ll handle the numbers, giving you more time to focus on what matters most.

✅ Be prepared for tax season without the last-minute stress.

✅ Relax knowing your books are in good hands.

Ready to stop stressing over your books? Let’s chat and get your finances organized!

The holiday season is here, and we want to know: Which holiday is your favorite?

Do you love Christmas, or Thanksgiving?

Drop your favorite in the comments!

Running a business is tough, but keeping up with your bookkeeping can be even tougher!

How many of these challenges are you facing?

If bookkeeping feels overwhelming, we’re here to help you every step of the way!

Are you a super planner who’s already mapping out next year, or do you plan as you go?