Raekan Business Solutions, LLC

01/16/2025

Misclassifying workers can lead to serious legal and financial consequences.

It’s crucial to determine their status correctly based on the nature of the work and your business relationship, especially during tax time when you’ll need to issue 1099s for independent contractors or W-2s for employees.

Getting it right now can save you headaches later!

Have questions? Drop them in the comments!

Save this post for later.

https://linktr.ee/raekanllc

01/14/2025

Using the SMART framework: Specific, Measurable, Achievable, Relevant, and Time-bound helps you focus and stay on track.

For example:

Specific: Set a goal to increase monthly revenue by 20%.

Measurable: Monitor progress through monthly financial reports.

Achievable: Ensure the target is realistic based on last year’s growth trends.

Relevant: Make sure the goal aligns with your long-term business objectives.

Time-bound: Plan to achieve this milestone by September 2025.

SMART financial goals gives you the clarity and direction to make real progress.

Need help gaining clarity in your business finances for better decision-making? Let’s chat!
https://linktr.ee/raekanllc

01/14/2025

Ready to take the stress out of managing your business finances in 2025?

Here’s how we can help:

✅ Keep your books organized and up-to-date.

✅ Provide clear financial insights to guide your decisions.

✅ Save you time so you can focus on growing your business.

Whether you’re a solopreneur, small business owner, or scaling up, we’ll tailor our services to meet your unique needs.

Spots are limited, so don’t wait to secure yours!

Book a call today to get started.
https://linktr.ee/raekanllc

12/24/2024

⏰ Don’t miss the new deadlines—here’s what you need to know!

Following a December 23, 2024, federal Court of Appeals decision, reporting entities are once again REQUIRED to file beneficial ownership information with FinCEN.

However, recognizing that the previous injunction may have impacted companies’ ability to meet the original deadline, the Department of the Treasury has extended the reporting deadline as follows.

Businesses can submit their BOI reports electronically for free through FinCEN's BOI E-Filing system, which is accessible at https://boiefiling.fincen.gov/

Have questions? Drop them below!

12/11/2024

🚨 Big News for Businesses!

On December 3, 2024, a federal district court in Texas issued a nationwide preliminary injunction that temporarily halts enforcement of the CTA and its beneficial ownership information (BOI) reporting requirements.

Here’s what this means:

👉 The January 1, 2025, deadline for submitting initial BOI reports is currently on hold.

👉 Companies are not required to report BOI to FinCEN while this injunction is in effect.

👉 There will be no penalties for failing to submit BOI reports during this time.

FinCEN has also clarified that companies may still voluntarily submit their BOI reports.

It’s worth noting that the Department of Justice has filed an appeal, and the situation could change quickly.

To avoid potential last-minute challenges if enforcement resumes, it’s a good idea to prepare your documents and forms now.

This way, your business will be ready to comply without scrambling to meet deadlines.

For more details, read here: https://fincen.gov/boi

11/05/2024

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✨️ If you do just one thing today, make sure you go vote.

✨️Regardless of where you stand, your vote matters, your voice matters.
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10/23/2024

📢📢📢 Did you hear ❓️

IRS has released its annual inflation adjustments to 2025 tax brackets.

Check out this article straight from the IRS to see which tax bracket you might fall under in the future

IR-2024-273, Oct. 22, 2024 — The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025.

10/15/2024

✨️✨️Small Business Motivation✨️✨️

Sometimes you just need that push from Mark Cuban. Fast forward to minute 2:30.

"YOU GOTTA GO FOR IT"

The entrepreneur stops by "Good Morning America" to discuss his last season on the hit ABC show and share some of his favorite moments.

10/06/2024

Whether it’s in business, personal growth, or everyday life, we’re stronger as a team.

Tag a woman who inspires you every day! 🦸‍♀️

10/05/2024

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Don't let this date sneak up on you! Taxpayers who requested the six-month filing extension should complete their tax returns and file on or before the October 15 deadline.

Don't forget to share this post with others!