Welcome to the Valentine CPA Blog

No Tax Worries

We all hate gaining weight and paying TAXES!!  We can’t help you with the extra lbs. but we can help you feel peace by knowing that you are getting all the tax deductions that are available to you.  The United States has the best economy, best legal system, and best business opportunities in the world.  […]

Posted in Tax

Are your books a train wreck? Here are some tips.

Two Big Issues with Recordkeeping for Tax Purposes The records you keep provide the documentation to support the deductions and expenses claimed on your tax return. There are two big issues.  Big Issue One.  The first issue is that you need to prove that the expense is deductible.  To do this, you must always keep […]

PPP Loan Forgiveness Application Checklist

Here is a list of the information that you will need to give to your professional so that they can prepare SBA Form 3508 (Paycheck Protection Program Loan Forgiveness Application) and its required schedules for your company. General Info Loan Number Loan Amount Lender PPP Loan Number PPP Loan Disbursement Date Number of employees at […]

Bookkeeping Help!

Bookkeeping Help

We would like to welcome Donell as the newest accountant to our Firm. I had an interesting experience as we were interviewing accountants for the position. Many of the candidates claimed that they were bookkeepers and accountants. What I discovered is that many think that they are accountants because they can input data into QuickBooks. […]

Business Auto Expenses

Business Auto Expenses

The question came up today as I was meeting with a new client about automobile expenses. The business owner has the option of either deducting the actual automobile expenses used for the business or using a standard mileage rate. Because automobiles can be used for both personal and business purposes, the IRS terms these vehicles […]