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Pratt and LeFevre Corporation |
| A monthly newsletter brought to you by your Pratt and LeFevre Corporation Team |
| VOL. 2, ISSUE 2 | February 2023 |
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HOW TO CELEBRATE “PAY YOUR BILLS” WEEK |
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One of the most important things to keep in mind when paying bills is making sure they're coming out of the correct account. You don't want to accidentally pay a bill from your personal account instead of your business account, or vice versa. By keeping track of which bills should be paid from which account, you can avoid any confusion or mistakes. So, take some time during Pay Your Bills Week to review your finances and make sure everything is in order. Set up a schedule for when you'll pay your bills each month, and stick to it. By making bill payment a regular part of your routine, you'll be less likely to forget or miss a payment. And by keeping track of which account the bills are coming out of, you can avoid any confusion or mistakes. Trust us, it's worth it! If you need help understanding which business pays which bills, contact your CSA. If you don’t have a CSA, reach out to Daniel McCraine, National Sales Director at danielm@prattandlefevre.com or by calling 833-772-8848, x. 709 |
It's that time of year again - Pay Your Bills Week is here! From February 5 to 11, we're reminded to take a closer look at our finances and make sure that all of our bills are being paid on time. With the economy the way it is, it's easy to feel stressed about money. But by setting up systems to pay our bills, we can make the process a lot smoother and less stressful.|
IS THE IRS COMING FOR YOU? |
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Don't let this increased scrutiny catch you off guard. Contact us at Pratt & LeFevre to learn more about the O.N.C.E. strategy and how it can benefit your business. |
As you're probably aware, the IRS has recently received more funding through the Inflation Reduction Act. This means the IRS is going to be increasing its scrutiny of businesses, as well as improving computer service and customer service. Some have said that because the IRS is hiring 87,000 more employees that they will all be auditors. That is a fallacy. According to P&L’s tax institutes to which we belong, the increase in those making less than $400,000 will increase based on historical levels about f fold. Historically less than 1% of these taxpayers have been audited. This means the change could increase audits up to 4% of these taxpayers. The main areas of concern are individuals with annual earnings of $400,000 or more, S Corporations, and partnerships.
During this Pay Your Bills week, it's important to make sure that your business is in compliance with all tax laws and regulations. The O.N.C.E. strategy from Pratt & LeFevre protects you and your business from increased IRS scrutiny. The strategy ensures that you are paying the right amount of taxes in the right way.|
WHO DO YOU KNOW THAT NEEDS PROTECTION FROM THE IRS? |
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At Pratt & LeFevre, we want to help as many business owners as possible stay in compliance with the law. If you know any business owners who may benefit from our services, please refer them to us. Not only will you be helping a fellow business owner, but also you may receive a referral fee if they sign up for our services. Contact Daniel McCraine, our National Sales Director at: Danielm@prattandlefevre.com |
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As already mentioned, the IRS is getting more funding to go after businesses that aren't operating properly. It's more important than ever to make sure all small businesses are in compliance with all tax laws and regulations.|
DID YOU KNOW? WE LOVE REFERRALS AND WE LOVE TO REWARD OUR CLIENTS FOR THOSE TRUSTED REFERRALS |
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Through our affiliate program, we have had the pleasure of meeting new friends and clients from California to New York, Florida, Tennessee, Texas, Georgia, Idaho, Colorado, Maryland, Virginia, Oregon, Nevada, Wyoming, Arizona, Hawaii, Alaska, Missouri, Minnesota, Iowa, Connecticut, New Mexico, and we are continuing to meet more. Contact Daniel McCraine, our National Sales Director at: Danielm@prattandlefevre.com |
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We are committed to providing excellent service to everyone you refer to Pratt and LeFevre Corporation. As a way to say thank you, Pratt and LeFevre has set up an affiliate program.|
Have you been to our website lately? |
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Each of our specialists follow the O.N.C.E. (Own Nothing, Control Everything) Process in their own business. Our team has their own successful business and contracts with Pratt and LeFevre Corporation to work with clients, bringing their expertise in business, accounting, taxes, financing, marketing and more. Visit our website today to learn more about Pratt and LeFevre Corporation team of specialists ready to work with you. In addition, you can read all of the back issues at www.prattandlefevre.com/newsletters-2/ |
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We have added more team specialists. | DISCLAIMER: Pratt and LeFevre Corporation has several attorneys on retainer. Any information contained herein should not be considered legal advice. The above is only an explanation of instructions given to Pratt and LeFevre Corporation by our attorneys which we have been given permission to explain from a lay-person’s point of view only. Any clarification or questions must be answered directly by an appropriate attorney. |
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Pratt and LeFevre Corporation |
Memberships & Affiliations
NATIONAL SOCIETY OF ACCOUNTANTS
AMERICAN COLLEGE OF FORENSIC EXAMINERS, INTERNATIONAL
UNIVERSAL ACCOUNTING
