PinPoint Books Bookkeeping and Financial Services

04/15/2026

Important Tax Deadlines Today!

April 15 – Individual (inc. Sole Proprietors and LLCs) Tax Return Filing Deadline
April 15 – 1st Quarter Estimated Tax Payment Due

Make sure that your financial books are accurate so you don't over or under pay!

Contact today for a free consultation:
https://calendly.com/ben-hill-pinpoint-books/freeconsultation

03/16/2026

Hello wellness professionals and small business owners!

We are exactly 1 month away from the dreaded April 15th deadline to file your 2025 taxes! If you’re not 100% confident that your business' 2025 books are tax-ready, now’s the time to find out!

This is the busiest time of year for accounting and tax professionals, so engaging the right person now may still save you for this year's deadline. I would be interested in working with you to ensure that your 2025 books are accurate and would love to keep working with you in 2026 and beyond.

Please feel free to email me at [email protected] or go ahead and grab a spot on my calendar (https://calendly.com/ben-hill-pinpoint.../freeconsultation) to schedule a free consultation.

Send a message to learn more

12/05/2025

Here we are in the first week of December… what a year!

December is a big month for business owners and nonprofit leaders. It’s your last chance to reduce your organization’s tax burden for the year and keep a little more money in your organization’s proverbial pocket.

Here are a few important year-end moves to help maximize your tax deductions:
• Contribute to your retirement accounts
• Purchase any needed tools or equipment
• Pay contractors and vendors
• Make charitable contributions

Of course, it’s tough to make smart decisions if your books aren’t clean and up to date. If you’re not completely confident that your 2025 books are in good shape, now is the perfect time to take a look.

I’d be happy to help you get peace of mind, and clean the data so that you can make informed decisions, by making sure everything is accurate, current, and ready to carry you smoothly into 2026 and beyond.

You can reach me at [email protected], or you can schedule a free consultation directly on my calendar: https://calendly.com/ben-hill-pinpoint-books/freeconsultation

Send a message to learn more

11/18/2025

Well, it’s been a while since I last posted. Life just goes fast and time even faster!

We are a little over a week before Thanksgiving and spending countless hours over the next month or so enjoying family and friends. Before you know it, 2025 will be gone!

If you’ve been busy just keeping your business or organization afloat (totally understandable!) and you’re not completely confident that your 2025 books are in good shape, now is a great time to check in.

I’d be glad to help provide ease of mind and make sure everything is accurate, up to date, and ready to jump into 2026 and beyond.

You can reach me at [email protected], or you can schedule a free consultation directly on my calendar: https://calendly.com/ben-hill-pinpoint-books/freeconsultation.

Send a message to learn more

08/20/2025

UPCOMING CHANGE: 1099 Reporting Thresholds

The “One Big Beautiful Bill” is a broad tax reform approved as a push for continued tax cuts. It’s designed as an update to the 2017 Tax Cuts and Jobs Act (TCJA) and includes a variety of new tax provisions that would affect individuals, families, and small business owners.

One big change for small business owners is when payments to contractors and payments from third-party apps will be required to be reported to the IRS:
• Starting in 2026, the reporting threshold for Form 1099-NEC and Form 1099-MISC will rise to $2,000, up from the current $600 minimum. This threshold will increase each year for inflation, so you won’t have to generate or receive as many 1099s for smaller jobs or side gigs.
• For tax year 2025, Form 1099-K (which covers payments from third-party apps), the threshold reverts back to $20,000 in payments and at least 200 transactions in a year. That means fewer people will get a 1099-K for occasional sales or small side hustles.

As always, consult your CPA if you have specific questions about how this will impact your business; however, these changes should, at minimum, reduce the number of 1099s you will need to generate and/or receive in the future.

Send a message to learn more

07/16/2025

The Importance of Including Fixed Assets in Your Books

One critical aspect that is often inadvertently omitted in financial records is fixed assets. Long-term assets (typically any asset valued at $2500 or higher) provide value and service to your business over several years, such as equipment, buildings, vehicles, machinery, and furniture.

Including fixed assets in your books is not just a matter of record-keeping; it’s essential for the financial health and growth of your business. Here’s why you should prioritize this:

1. Accurate Financial Statements
Fixed assets can represent a significant portion of your business's value. If you don’t properly account for them, your financial statements — such as your balance sheet and profit & loss report — will be incomplete and inaccurate.

2. Tax Benefits
Depreciating fixed assets allows you to reduce your taxable income over time. As the assets age, they typically lose value and you can write off the depreciation each year as an expense. This helps lower your tax liability, potentially saving your business a significant amount of money.

3. Better Asset Management
Keeping fixed assets on your books allows you to track their condition, location, and usage. This enables you to make informed decisions about maintenance, replacement, and upgrades. It also helps you identify underutilized assets, which could be sold or repurposed, increasing your business’s efficiency.

4. Improved Cash Flow Management
Accurate asset records give you a clear picture of the financial resources tied up in your business. This is crucial when planning for cash flow, as you can forecast when major repairs, replacements, or upgrades might be needed.

5. Securing Financing or Investment
When applying for a loan or seeking investors, banks and investors will want to see your full financial picture, including your fixed assets. By keeping detailed and accurate records of your assets, you demonstrate financial responsibility and give lenders confidence that your business is in a good position to repay debts or make use of capital investments.

6. Long-Term Planning and Growth
If you’re expanding your operations, understanding your existing assets will help you plan for additional investments. It also ensures that you don’t overextend yourself by taking on too much debt to acquire new assets without understanding your current financial position.

Conclusion
Including fixed assets in your small business’s books isn’t just about meeting accounting standards — it’s a strategic move that can improve your financial oversight, tax savings, and planning for growth. By tracking these assets, you ensure that your business stays on solid financial ground, can make informed decisions, and is well-prepared for any challenges or opportunities that come your way.

06/04/2025

The Hidden Cost of DIY Bookkeeping:

Let me guess—you started your business to pursue your passion, build something meaningful, and maybe even gain some freedom. But now, somewhere between your growing client list and your overflowing inbox, you're spending way too much (or not enough) time doing your books.

Sure, you might think you’re saving money by doing it yourself. But consider this:
• What is your time worth?
• How much more could you earn by focusing on your core business instead?
• What happens if you make a costly mistake or miss a tax deadline?

When you hand your books over to a professional, you get:
• Your time back
• Peace of mind knowing everything is accurate and up-to-date
• Financial clarity that helps you make better business decisions
• Confidence heading into tax season
• Support from someone who actually enjoys doing this stuff (really, I do!)

Ready to reclaim your time?
Let’s chat. Your books (and your sanity) will thank you.

05/23/2025

Uncovering Hidden Fees and Protecting Your Profits:

Imagine receiving a bill with unexpected charges for services you weren't aware of. It can be frustrating and confusing, leaving you feeling like you're paying for hidden costs. Similarly, hidden fees in your business' financial transactions can quietly chip away at your profits if left unnoticed.

Hidden fees can come in various forms, such as:
● Credit card processing fees: These fees can vary depending on the card type, processing method, and provider, and they can quickly add up if not properly tracked.
● Bank charges: Monthly account fees, transaction fees, and other bank charges can accumulate if not monitored closely.
● Vendor fees: Some vendors may charge hidden fees for services like delivery, setup, or maintenance, which can inflate your expenses if not accounted for.
● Subscription fees: Recurring subscription fees for software, services, or memberships can easily be overlooked if not tracked and managed effectively.

Unmasking the Hidden Costs:
● Scrutinize statements: Carefully review your bank statements, credit card statements, and vendor invoices for any hidden fees or unexpected charges.
● Negotiate with vendors: Don't hesitate to negotiate with vendors to reduce or eliminate unnecessary fees. If the vendor is not amenable to compromise, you may want to shop around.
● Track all fees: Implement a system for tracking all fees and expenses, ensuring they are properly categorized and accounted for.
● Utilize technology: Consider using accounting software or tools that can automatically identify and categorize hidden fees.

By uncovering and addressing hidden fees, you can protect your business' profits, ensure accurate financial reporting, and make informed decisions about your expenses.

05/07/2025

Why Bookkeeping Matters (Even If You're Not a Numbers Person)

Whew…tax season is behind us and hopefully you have had a couple weeks to unwind and focus back on your business!

If you are one of the business owners scrambling to get everything together for taxes, are just spending too much time keeping your books up to date, paying bills, tracking customer payments, etc., there is help out here!

At its core, bookkeeping is all about tracking and organizing your income and expenses, but it also includes paying your bills and ensuring that you are getting paid for your goods and/or services.
It helps you understand where your money is going, how much you're making, and whether you’re on track to hit your financial goals. Without it, you're flying blind.

Here’s why good bookkeeping matters:
• Better Decision Making: With clean, up-to-date records, you can make smarter choices about hiring, pricing, and investing.
• Stress-Free Tax Time: No more scrambling for receipts and tallying expenses in April—bookkeeping keeps you ready year-round.
• Cash Flow Clarity: Know what’s coming in, what’s going out, and when. No more guessing or surprises.
• Business Growth: Want a loan or investor? Solid books show you’re serious and trustworthy.
• Stay Compliant: From sales tax to payroll, small businesses face a range of compliance requirements. Accurate bookkeeping helps ensure you stay on top of your obligations and avoid costly mistakes.

If numbers aren’t your thing, or you would rather spend time growing your business, you don’t have to go alone. Professional bookkeepers can make the process painless…and even educational!

I'd be happy to help you out. Schedule a free consultation and we can make a plan that helps you and your business thrive!

Let us handle your bookkeeping so you can handle your business! Book a free consultation and we will call you!

04/18/2025

Monetary vs. In-Kind Donations for Non-Profits: A Distinction for Bookkeeping

For non-profit owners and bookkeepers, it’s important to distinguish between monetary and in-kind donations, as each type has different bookkeeping implications.

Monetary Donations:
Monetary gifts (cash, checks, online payments) are the most straight forward to record. They're logged as revenue and are easy to track, reconcile, and report.
Key Points:
• Simple to record and allocate
• Ideal for flexible spending

In-Kind Donations:
In-kind donations (goods or services) are a little more complex because many times, these types of donations require determining the fair market value. Donated goods are typically recorded as both income and an asset, and, while only certain donated services are reportable, donated services typically require the offering of specialized skills (e.g., legal services).
Key Points:
• Typically require valuation and documentation (unless the
donation is a gift card)
• May require inventory tracking (e.g., donation of goods)

Monetary and In-Kind donations both add value and contribute to all non-profits’ success. From a bookkeeping perspective, monetary donations are simpler, while in-kind gifts offer value but require careful handling. Accurate recording of both ensures compliance, transparency, and a clear financial picture for your non-profit.

04/08/2025

Important Tax Deadlines are only a week away!

April 15 – Individual (inc. Sole Proprietors and LLCs) Tax Return Filing Deadline
April 15 – 1st Quarter Estimated Tax Payment Due

Make sure that your financial books are accurate so you don't over or under pay!

03/19/2025

Sales Tax Exemption Reminder!

Keeping your sales tax exemption status up to date helps your organization avoid unnecessary expenses and maintain compliance with tax regulations. You could potentially save thousands!!!

Who Qualifies for Sales Tax Exemptions?
Sales tax exemptions typically apply to:
• Nonprofit organizations
• Government agencies
• Educational institutions
• Businesses purchasing goods for resale:
o This one is especially important! Many
service businesses purchase goods to
deliver their services (e.g., plumber
buying supplies for a repair, restaurant
buying ingredients for the food they
sell, etc.) and are not aware that they
are tax exempt since the end customer
ultimately pays the sales tax.

Each state has its own rules regarding eligibility and how to implement, so it is important to check with local tax authorities to confirm qualifications and necessary documentation.

For further information, consult your state’s tax authority or an accounting professional to ensure you meet all necessary requirements.