ONeill & Bergado Inc. Certified Public Accountants

10/29/2024

https://www.msn.com/en-gb/money/technology/the-irs-has-loads-of-legacy-it-but-it-s-not-equipped-to-replace-it/ar-AA1oSK85?ocid=finance-verthp-feeds

IRS advised to re-establish its office for decommissioning outdated IT systems.

07/10/2024

Patti ONeill has now formed ONeill Tax Resolution in Prescott, AZ. Come find me at

Discover expert tax relief with ONeill Tax Resolution. Offering a range of services including tax audits, penalty abatement, installment agreements, and more, our team led by seasoned CPA Patti O'Neill is dedicated to resolving your tax issues and ensuring financial freedom.

05/20/2024

https://backtaxfixers.com/case-study-1-oneill-tax-resolution/

Patti ONeill — Certified Public Accountant & Master of Science degree in Taxation Attention: Taxpayers Who Have Received A Collection Notice From The IRS For Unpaid Back Taxes… “Get The IRS Of…

12/20/2022

If you're an entrepreneur, you're inherently a risk-taker.

But... are you holding back to the point where you're stunting your growth?

A few tips to help you get out of that funk:
1. Invest in your education. The wisest entrepreneurs read about the successes/failures of others, and plan accordingly.
2. Invest in a system. Find a way to make your business scalable. Not sure how to do that? Read Michael Gerber's books (The E-Myth series).
3. Invest in sales and marketing automation. Figure out a way to make sales online, or through other advertising media ... in a systematic, "hands-free" sort of way.

12/16/2022

Patti ONeill and Gale Bergado's 8 “Right Now” Business Tax Moves

The end of the year is almost here but the opportunity hasn’t passed to try these last-minute business tax moves.

12/15/2022

Employee Gifts: Some Ideas for San Francisco Bay Area Business Owners

When things are tight in your business, end-of-year employee gifts might call for some creativity.

12/13/2022

Tightening up around the holidays can be pretty hard, but if you know you've got tax debts to pay, you might consider these 5 things to help you lower your living costs:
1. Make a budget (or revise yours)
2. Cooking more at home
3. Energy-efficient practices
4. Dropping some of those monthly subscriptions
5. Getting a cheaper place to live

12/12/2022

Here are 10 smart ways to reduce your 2022 tax bill, and they're still doable right now.

1. Consider an extra mortgage payment.
2. Pay your property taxes right now (not next year).
3. Donate to charity—it's ok to do good and save at the same time.
4. Take care of those medical bills.
5. Get your papers in order NOW.
6. Sell losing investments to offset capital gains.
8. Wait to invest until after the ex-dividend date.
9. Max out your retirement savings.
10. If you have one, make the most of your flexible spending account.
11. Avoid the gift tax by giving $16,000 or less per year per person.

12/06/2022

Those who reach their financial goals usually carry a willingness to live beneath their means for as long as it takes. While their peers are showing a tendency toward embracing the good life at the first sign of prosperity, the would-be wealthy take a pass on all of that.

A drive to save large amounts of money causes frugal spending habits, which then enable the ability to make purchases without using debt.

It's a domino effect.

12/05/2022

There are a few different approaches to getting debt reduced, but some come with some setbacks that you should consider ahead of time.

Here are two:

1) Debt Settlement -- Inviting a third party to negotiate outstanding debt in your name.
Setback: You often end up paying more out of pocket than if you had just taken on the debt yourself.

2) Debt Consolidation -- The consolidation method is used by companies that essentially roll all your debt into one lump sum, then charge you at a lower interest rate.
Setback: It (usually) just means you'll be in debt for a longer period of time.