We specialize in bookkeeping, payroll, income tax return preparation, and retirement planning, and serve a nationwide clientele consisting of individuals and businesses of all types and sizes (LLC, partnerships, C & S Corporations), as well as trusts and estates. As financial problem solvers, we provide practical advice and proactive solutions with personalized service. We are affordable, experienced, and friendly, and we tirelessly study and research the ever-changing world of tax law and regulation so that we can help every client realize the greatest possible savings and return on investments. Our office is conveniently located in Dover, Delaware. Please contact us today to find out more about how we can make YOUR life less taxing!Tax
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After an influx of cash (like a big tax refund), the smart cookie starts thinking about reducing their debts... such as high-interest credit cards.
Think about it: You pay a lot for this credit and the balances on your high-interest accounts build up fast, making the stuff you buy more expensive.
Chip away at this debt whenever you get an influx, and you’ll do your wallet and your credit score a BIG favor.
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These TWO things you're doing in your business might make you feel like you're saving money, but they could actually be killing your cash flow when you need it the most:
🗓️ Annual vs Monthly Subscriptions – Annual subscriptions are cheaper. But is that annual subscription cost gutting your cash flow when you need it most?
Beware the cash flow trap on this one. That big chunk of money upfront might come at a time when you need it most, like for seasonal inventory spikes or unexpected repairs.
Consider switching to monthly payments if the cost difference is negligible or less important than your need for positive cash flow. Or stagger annual subscriptions throughout the year.
🚛 Buying in Bulk – We all know inventory buying gets cheaper the more you buy. But is that bulk deal hindering your ability to pay your other bills or make important investments?
A different idea: consider just-in-time inventory management. This strategy allows you to order inventory closer to when you actually need it, minimizing storage costs and keeping your cash flowing freely.
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We're in the peak season for natural disasters.
So, make sure you're taking steps to safeguard your important financial information.
Some ways to do that:
✳️ Place your Social Security cards, marriage certificates, birth certificates and land ownership documents in a waterproof container in a safe place.
✳️ Make copies of your important documents and store them in a secondary location
✳️ Scan your documents and store them in the Cloud.
✳️ Keep a record of valuable items with current photos or videos.
Having records of what you own and keeping digital copies of documents can help with supporting insurance claims and other financial benefits after a disaster.
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First State CPAs & Associates |
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18 S. State St, Dover, DE 19901 |
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| (302) 736-6657 | |
| Business Hours | |
| January 1st April 15th | |
| Monday–Friday: | 8am–5pm |
| Saturday & Sunday: | closed |
| April 16th December 31st | |
| Monday–Thursday: | 8am–5pm |
| Friday, Saturday & Sunday: | closed |