In today’s fast-paced business environment, making informed decisions quickly is crucial. At R Accounting Group, we've transitioned from traditional accounting to proactive Client Advisory Services (CAS). Discover how CAS can transform your business relationships, drive growth, and provide strategic insights. Learn about our journey, success stories, and tips for integrating CAS into your firm. Join us as we redefine client partnerships and unlock new opportunities for mutual success.

New DOL Overtime Rules Effective July 1, 2024: Key Changes You Need to Know

The Department of Labor (DOL) is increasing the salary thresholds for exempt employees. Starting July 1, 2024, the minimum salary for exemption will be $43,888 annually, with a further increase to $58,656 on January 1, 2025. Highly compensated employees will see their threshold rise to $132,964 in July and $151,164 in January 2025. These changes aim to provide more economic security and pay equity.

🎉 Reflecting on Five Years of R Accounting: A Journey of Growth and Gratitude 🎉

Five years... you can live a life in five years. As we hit our five-year mark at R Accounting, I'm filled with awe, gratitude, and a sense of accomplishment. 🌟 From our humble beginnings and navigating through unexpected challenges to growing our incredible team and client base, it’s been an unforgettable journey.

Our blog post takes you through the highs and lows, the milestones, and the unwavering commitment to providing top-tier, concierge-level financial services. We owe our success to our dedicated team, supportive community, and amazing clients who have trusted us along the way.

Here's to the next five years and beyond! 🥂❤️

👉 /blog/reflecting-on-five-years-of-r-accounting-a-journey-of-growth-and-gratitude

#Anniversary #BusinessGrowth #Accounting #Gratitude #Milestones #Entrepreneurship

💡 7 Tips for Creating Better Invoices in QuickBooks Online 📑

Be thorough. Be accurate. Be timely and creative. Discover how to make your invoices more likely to be paid quickly!

Creating effective invoices in QuickBooks Online is essential for timely payments and maintaining professional relationships with your clients. Our latest blog post provides seven invaluable tips to improve your invoicing process, including:

Include Everything - Ensure all necessary details are present.

Sweat the Details - Make your invoices aesthetically pleasing and error-free.

Use Your Company Logo - Enhance brand recognition.

Offer Unexpected Discounts - Delight your customers with surprise savings.

Make Your Customer Messages Meaningful - Personalize your communication.

Send Invoices Immediately - Show professionalism and promptness.

Utilize QuickBooks Online’s Design Tools - Customize the look and feel of your invoices.

Ready to take your invoicing to the next level? 📈

🌪️ Can Your Tax and Other Financial Records Survive a Disaster? 🗂️

It happens to someone every day. If disaster strikes your home or business, will your financial records survive?

From floods to fires, natural disasters can wreak havoc on your belongings, including crucial financial records. Don't wait until it's too late. Our latest blog post offers essential tips and tricks to ensure your tax files and financial records are safe and secure. Learn how to:

🔒 Safeguard your documents in physical and digital storage

📂 Organize and store tax returns, receipts, and other vital information

🖥️ Utilize technology to keep your records accessible and secure

Prepare now to protect your financial future.

Who Are Your Customers? QuickBooks Online Can Tell You

They’re your company’s most valuable asset. Thorough customer records can improve your customer relationships.

Creating comprehensive, accurate customer profiles in QuickBooks Online takes time. It’s tempting to just enter the minimum information required to process transactions, but there are numerous benefits to including every possible detail that QuickBooks Online allows – and making sure they’re correct.

Where do you go first when you log into QuickBooks Online? Dashboards | Business overview is a good place to start.

Do you have to file a late tax return from a previous year? You can find the forms you need here.

Did the IRS owe you a refund for a on a tax return you never filed? You have up to three years to file and claim it.

We're excited to share that R Accounting Group's CEO, Sheri Radler, has been named a 2024 Top 100 ProAdvisor, and our Director of Client Services, Nikki Mullins, has been recognized as a Top 25 Up-and-Coming ProAdvisor by Insightful Accountant! Additionally, R Accounting Group has been honored as a Top 50 Accounting Services Practice for 2024 by the Woodard Group. This recognition is a testament to our dedication and exceptional client service. Thank you to our clients and peers for your continued support. Read more about our journey and achievements!

🎉🐎 Wrapping Up Q1: Steady Strides and Exciting Times Ahead! Dive into our latest blog post where we reflect on a quarter as exhilarating as the Kentucky Derby’s final stretch. Celebrate team milestones, like welcoming new family members and overcoming the challenge of a tornado! 🍼🌪️

Discover how tech enhancements like Ignition and Keeper.app have streamlined our processes and get a sneak peek at our plans to enhance our tech-stack further. 🚀💻

Join us as we gear up for another year of expert partnership and success with our valued clients. Read more about our journey and our unwavering commitment to excellence in accounting. 🏅📈

Taking on a side gig this year? You’ll probably need to start paying estimated taxes. We can walk you through them. It’s not easy to estimate the quarterly taxes owed. It’s an educated guess. We can help you get the right answer.

If your business does jobs that have related income and costs, you can use QuickBooks Online’s Projects to track them.

📊 IRS Forms Decoded: Dive into the essentials of W-9 and 1099-NEC forms for independent contractors.

Elevate your business's financial management with QuickBooks Online. Learn how to create and convert estimates into invoices effortlessly, enhancing your client interactions and billing efficiency

2022 laid the foundation for what we envisioned to be a transformative year at R Accounting. But 2023 brought unforeseen challenges, pushing our limits and redefining our strategies. From tech hiccups to sudden team changes, we've faced it all, emerging stronger and more prepared.

Tax Prep for the 2023 Tax Year: 6 Tips

5 Resolutions QuickBooks Online Users Should Make for 2024