Teece Tax Solutions LLC

09/04/2026

Tax Reminder: 3rd Quarterly Estimated Payment!

If you make quarterly estimated tax payments, don't forget that your 3rd payment of the year is due September 15th, 2026.

Save this reminder and check your payment schedule!

07/30/2026

Balance Sheet

How financially healthy is your business?

Your Balance Sheet gives you a snapshot of your business financial position at a specific point in time.

It shows:
• What your business owns (assets)
• What it owes (liabilities)
• Your owner's equity

This report helps you understand the overall financial strength of your business and can be valuable when planning for growth, applying for loans, or simply making informed decisions.

Next week, we'll cover another important report: the Cash Flow Statement.

07/22/2026

Profit & Loss Statement

Is your business actually making a profit?

Your Profit & Loss (P&L) Statement helps answer that question.

It summarizes your income and expenses over a specific period, showing whether your business earned a profit or operated at a loss.

Reviewing your P&L regularly can help you:
•Understand where your money is coming from.
•Keep an eye on your expenses.
•Make informed financial decisions throughout the year.

Your bookkeeping isn't just about staying organized, it's about giving you the information you need to run your business.

Next week, we'll take a look at the Balance Sheet.

07/14/2026

Do you know what your financial statements are telling you?

Your financial statements are tools that help you understand how your business is performing and make informed decisions throughout the year.

There are three key financial statements every business owner should know:
•Profit & Loss Statement
•Balance Sheet
•Cash Flow Statement

Over the next few weeks, we'll break down each one, explain what it tells you, and share why it's important for your business.

Stay tuned!

07/08/2026

Why Bookkeeping Cutoff Dates Matter?

A bookkeeping cutoff date is the deadline for submitting your financial documents so they can be included in that month bookkeeping.

Providing your information before the cutoff helps ensure your books are completed accurately and on time.

Here are a few documents to have ready each month:
•Bank statements
•Credit card statements
•Receipts
•Sales reports
•Expense records
•Loan or financing statements (if applicable)

When documents are submitted on time, you benefit from:
•Accurate financial reports
•Faster month end close
•Fewer corrections and adjustments
•Up to date financial information

Staying on top of your monthly paperwork is one of the easiest ways to keep your business finances organized.

Do you have a monthly routine for gathering your bookkeeping documents? We'd love to hear what works for you!

06/29/2026

Happy Monday!

Start your week by giving your finances a quick check:
•Record last week income and expenses.
•Review any unpaid invoices.
•Organize receipts and documents.
•Check your business bank balance.

A few minutes today can make month end easier.

06/24/2026

Mixing personal and business expenses is one of the most common bookkeeping mistakes.

This can:
•Create inaccurate financial reports
•Cause tax time headaches
•Make cash flow harder to track

Keep business and personal finances separate for cleaner books.

Need help?
Contact us today!

06/22/2026

June is coming to and end.
No better time to review your business books!

Contact us today!
https://calendly.com/taxes-teecetaxsolutions

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!

06/12/2026

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!

06/04/2026

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.