Accounting & Tax Care LLC

08/26/2022

Few Important Questions to Spark Entrepreneurial Growth Mindset

Doing the same thing or asking the same questions in business or in life can be boring ,frustrating ,annoying and unproductive use of time, energy and related resources unless with a tweak. If you’re an entrepreneur or thinking about starting a business, you’re on a similar quest to scale your positive impact on the world.

I’ve found that asking questions is a great way to spark ideas and energy for growth. Try using the following to get started.

1. Why are you in business?

Asking this question early and often in your business-building process will help you stay focused on what’s most important. It is a guide rail for making sure you remain true to your mission and don’t get pulled off course chasing shiny objects.

Making money and overnight successes are huge distractions on why are you in business. Keeping to the true identity and integrity of purpose stand the test of time for business legacy, rebirth and longevity
2. What are your values?
Defining your core values is critical for you as an entrepreneur and for your business. Then, use those values as the foundation for everything else in your organization. Your values should influence who you hire and who you choose to do business with. If you or your business don't stand for something, you or your business will fall for anything. This value include setting unique criteria for client acquisition, retention , service delivery, client retention and corporate client culture integration

3. Who do you need on your team?
There is an old consulting adage which says learns the rules so that you know how to break it properly. This is not to suggest that you violate rules of engagements or the philosophical truth of delivering value to the satisfaction of the parties in involved but to bear in mind the world of imperfection we live and its just very essential that we apply fairness , thoughtfulness and reciprocity of good gestures. Growing a business is not an individual sport or a solo activity. Think about your goals and the skills you’ll need to reach them. Then invest in finding and retaining the right people and partners. In any case and since the business world is an uncharted landscape and territory , you will need onboard Attorneys (Business and Estate Attorneys), Accountants (specialized focus in time and tax savings as well as building wealth), Insurance Agents(offering asset protection, lawsuits mitigations and income and wealth services), and Banker/Lenders (offering customized products and services at delivering value rate that positively impact the business bottom-line)

4. How are you creating systems and documenting processes?

Getting things done seamlessly or effortlessly is the new order of the 21st Century and its important that the systems and the supporting mechanisms combined the essential elements of truth, trust and team work. Systems and processes allow you to add more people to your operations while maintaining quality and efficiency. If you aren’t building systems and processes in your business, you will severely limit your ability to grow.

Happy Weekend

08/12/2022

QUOTE OF THE DAY

“People have thought about culture as this separate thing, but it really is integral to the business. It’s something that needs to be cocreated from the top down and the bottom up, and it needs to be reviewed consistently.”

—Melissa Daimler, chief learning officer of Udemy, on the difficulty of defining workplace culture in a recent Author Talks interview

In my view this is to reinforce the ideals for
Integrating collective focus that is both an art and fact of our lively existence.

07/26/2022

Five Questions to Ask Before You Invest

Whether you’re a first-time investor or have been investing for many years, there are some basic questions you should always ask before you commit your hard-earned money to an investment.

Question 1: Is the seller licensed?
Research shows that con-artists are experts at the art of persuasion, often using a variety of influence tactics tailored to the vulnerabilities of their victims. Smart investors check the background of anyone promoting an investment opportunity, even before learning about opportunity itself.

Researching brokers: Details on a broker’s background and qualifications are available for free on FINRA’s BrokerCheck website.
Researching investment advisers: The Investment Adviser Public Disclosure website provides information about investment adviser firms registered with the SEC and most state-registered investment adviser firms.
Researching SEC actions: The SEC Action Lookup - Individuals allows you to look up information about certain individuals who have been named as defendants in SEC federal court actions or respondents in SEC administrative proceedings.
If you are not sure who to contact or have any questions regarding checking the background of an investment professional, call the SEC’s toll-free investor assistance line at (800) 732-0330.

Question 2: Is the investment registered?
Any offer or sale of securities must be registered with the SEC or exempt from registration. Registration is important because it provides investors with access to key information about the company's management, products, services, and finances.

Smart investors always check whether an investment is registered with the SEC by using the SEC’s EDGAR database or contacting the SEC’s toll-free investor assistance line at (800) 732-0330.

Question 3: How do the risks compare with the potential rewards?
The potential for greater returns comes with greater risk. Understanding this crucial trade-off between risk and reward can help you separate legitimate opportunities from unlawful schemes.

Investments with greater risk may offer higher potential returns, but they may expose you to greater investment losses. Keep in mind every investment carries some degree of risk and no legitimate investment offers the best of both worlds.

Many investment frauds are pitched as high return opportunities with little or no risk. Ignore these so-called opportunities or, better yet, report them to the SEC.

Question 4: Do you understand the investment?

Many successful investors follow this rule of thumb: Never invest in something you don’t understand. Be sure to always read an investment’s prospectus or disclosure statement carefully. If you can’t understand the investment and how it will help you make money, ask a trusted financial professional for help. If you are still confused, you should think twice about investing.

Question 5: Where can you turn for help?
Whether checking out an investment professional, researching an investment, or learning about new products or scams, unbiased information can be a great advantage when it comes to investing wisely. Make a habit of using the information and tools on securities regulators’ websites. If you have a question or concern about an investment, please contact the SEC, FINRA, or your state securities regulator for help

Source :
https://www.investor.gov/introduction-investing/getting-started/five-questions-ask-you-invest

07/09/2022

Hello All,my name is Adegbenga Onasanya, the Managing member of Accounting & Tax Care,LLC. I am a CPA and Maryland licensed Real Estate Agent. We offer small business accounting,advisory and tax solution in addition to other value added services. We offer 15-30 minutes consultation and we will be happy to help.

07/09/2022

https://7figures.com/podcast/

PODCAST The world’s biggest problems will be solved by Entrepreneurs. If you’re an aspiring entrepreneur or recently took the plunge to become a business owner then this podcast is for you! Founder of multiple 7 Figures businesses Leo Kanell is your host sharing proven strategies, resources and ...

07/06/2022

I am licensed CPA in the State of Virginia. Our Practice name is Accounting & Tax Care, LLC. An Arlington ,VA resident practice. We presently operate remotely and we hope to get into office space very soon. We focus on individuals and small businesses accounting and tax strategy to assist their wealth build up. We also offer 15-30 minutes free consultation. We also work to build relationship and trust . We also assist in financial literacy campaign to those interested .

06/29/2022

Our business Brand Pillars

We pride our business within brand pillars of Wealth building Advisory Services,Tax planning and compliance, Simplifying Small business Accouting Processes and Build a Trusted relationship

Our messaging resonates with the quality of information provided, educational content that elevates, the entertainment that connect with the feelings and expectations and achieving expected outcomes and also having fun.

06/26/2022

I think being in business is a call to serve and can be learnt especially with very little efforts and money but requires energy and passion to weather the myriads of initial disappointments, rejections, and unsupportive family members, friends, associates and related operating environments. The Knowledge and the skills required to gain confidence and to keep trying is more than available in sufficient details, content and context. You just need to keep the vision and the mission strong and to be prepared to learn, unlearn and be held accountable with humility of purpose. Everyday is a gift and it is important we are part of the gift to humanity and to keep in mind that quality service delivery is first and foremost an important aspect to being rewarded or compensated. Fear of failure can be threatened and scary. This be overcome with the mindset of taking one step at a time with conviction to be better than before and the magic of transformation will begin to manifest due to action.
Your Best Everyday

06/10/2022

Marketing made easy

Marketing consist of 3 major elements

The market,your ideal customers, target audience and lead

The message put out to the target market, audience and communication process.

The media through which the ideal customers get communicated with or get the messages.

Marketing is simply providing solutions that comprises of information, education and entertainment that underlie value addition.

Use of word of mouth referrals, add, filters, promotions, publicity and other mechanisms provide a vehicle or outlets that lazed into an effective marketing campaign strategy.

05/20/2022

Goodnews of the Past ,Present and the Future.

The government wants you to own a business.

That ’s true,not hyperbole.

In at least 15 countries around the world, including the U.S., the government wants more independent businesses, private sectors national accelerators and velocities that responds to ever emerging and evolutions in the changing global dynamics, landscapes, contemporary placing of things and, let’s be honest, it is about the jobs they create and more importantly your relevance in the scheme of things, your innovative and creative solutions offered to the market place.

The government wants them so much, in fact, that it offers a bunch of financial incentives to sweeten the deal. The demand curve is perfectly inelastic

Don’t take my word for it. Take hold on the information and the resources offered by the US Federal Reserve Education Database (FRED) on https://fred.stlouisfed.org
and the volume of money sent out to various national interest holders of which business owners are no exception.

https://fred.stlouisfed.org/series/WM1NS

Let’s look at one of the most common incentives: tax deductions. This is just the icing on the cake of the benefits to enjoy.

Simply put, Money that a business spends on growth and operations is typically subtracted from revenue before the government calculates income tax. That includes but. Ot limited to the following:

Funds to pay for your staff

Materials to make your product

Lease payments on your facility

Interest on a small business loan

Advertising and marketing

The list goes on and on....

What does that mean for you?

If you already own a business, ask yourself 3 questions:

Where is the biggest growth opportunity for my business today?

What do I need to do to realize that growth?

How can I make that investment deductible?

If you don’t already own a business, ask this:

What business do I want to start?

This is not difficult to do. Just start from what your strengths are and develop mindset for opportunities so that your weaknesses can be minimized with the help and resources associated with coaching and mentoring programs to gain necessary knowledge and skills and the incentives to take action.The threat of failure and action will be addressed in the process of not giving up and on focus.

Thank you for allowing me into your space once again and Happy Weekend .

05/16/2022

Accounting & Tax Care Mission.

Every time we have the privilege or the opportunity to offer a conversation of value and that typically include exchange business cards or introduction of the parties or people.
The parties to whom business cards are exchanged often asked do you file taxes and we replied by saying we ho above and beyond that and we add by saving we provide service values beyond that mostly run through their minds. Most people are conditioned to act fast and to want to elicit conversations.

The truth here is at Accounting & Tax Care LLC, we are focused on providing individuals and small businesses with value added services that translates beyond what they obviously see or perceive and what that tells everyone is to be forward thinking in their expectations of values and more importantly to ask the right questions that underlies their business processes, deliverables and outcomes to the satisfaction of the market place and the stakeholders in addition to the business growth models and drivers