Teece Tax Solutions LLC

We’re almost halfway through the year already. Now is the perfect time to check in on your business finances before things pile up later.

Mid-year bookkeeping helps you:
•Catch missing transactions
•Review your cash flow
•Stay ready for taxes
•Make smarter business decisions for the rest of the year

The sooner you clean things up, the easier year-end becomes.

Contact us today!

One of the most overlooked parts of accounting is the Chart of Accounts, which is the structure that organizes all of your income, expenses, assets, and liabilities.

A well designed Chart of Accounts can help you:
• Understand where your money is going
• Generate accurate financial reports
• Simplify tax time
• Make better business decisions

If your reports don't make sense, or if your bookkeeping feels messy, the issue may start with how your accounts are organized.

Contact us if you'd like support with bookkeeping, cleanups, or ongoing accounting services.

A business can look successful on paper and still struggle with cash flow.

Cash flow is what helps cover everyday business expenses, payroll, bills, and unexpected costs.

Keeping track of what’s coming in and going out can help you:
•Stay organized
•Avoid financial surprises
•Make better business decisions
•Keep your business running smoothly

Healthy cash flow plays a big role in long-term business success.

That’s why regularly reviewing your finances is so important.

Contact Us Today!

We are officially halfway through processing returns for clients who requested an extension and are working through them as quickly and carefully as possible. We expect to have reached out to everyone by mid-June.

Please monitor your client portal messages and emails, as we may contact you for missing documents or additional information needed to complete your return.

Thank you for your patience during this busy season!

Happy Friday!

Before you log off for the weekend, ask yourself:

Are your books up to date?

Staying on top of your finances, weekly, can help you make better decisions.

Contact us for bookkeeping support!

Are your numbers really accurate?

If you’re not reconciling your accounts regularly, you could be missing:

•Duplicate charges
•Bank errors
•Missing income
•Incorrect expenses

Reconciliation is what ensures your numbers actually match your bank statements and that your business decisions are based on real data.

Why it matters:
•Accurate financials
•Catch mistakes early
•Stay tax ready
•Avoid extra costs

This is a common mistake between business owners, don't wait until it is too late.

Contact us today for bookkeeping support!

Why Every Business Needs an Accountant?

•Saves time so you can focus on growing your business
•Ensures accurate financial records
•Helps reduce tax liability legally
•Keeps you compliant with regulations

Behind every successful business there should be a solid accounting.

Hiring an accountant isn’t an expense, it’s an investment!

Running out of time to file your taxes?

A tax extension can give you extra time but remember:
•You still need to pay what you owe!

Avoid penalties and stay compliant.
We’ll help you file your extension the right way.

Send us a message today!

Teece Tax Tip Tuesday!

We have noticed an increase in self-employment income in the last few years. Here’s some important information about it.

If you received a 1099-NEC or 1099-K, remember, taxes are not automatically withheld like a W-2 job. That means you may owe self-employment taxes.

The good news? You can deduct legitimate business expenses against this income like:
•Business Mileage Driven
•Home office expenses
•Supplies & equipment
•Marketing & software
•Business insurance
•Advertising

Proper tracking can lower your taxable income and save you money.