LM Financial Industries LLC

I have a B.S. in Accounting and an M.B.A with an Accounting concentration. 

Little known fact: I am a licensed Life Insurance Agent.

Basic individual tax preparation start as low as $250 but varies depending on complexity. Business services starts as a base at $350 and increase depending on need. 1065, 1120, 1120S and estate filing will come at a premium price. I offer W2, 1099-NEC and 1099-Misc preparation I offer payroll preparation and filing via Gusto payroll Inquire directly for pricing I offer life insurance for coverage of your family needs and additional financial coverage for retirement.

During my undergraduate studies in Accounting, I had the opportunity to work alongside an experienced Accountant as a Junior Accountant. In this role, I assisted with managing client accounts, which allowed me to learn about tax preparation. After graduating in 1996, I recognized that tax preparation could serve as an additional source of income for me. Since then, I have improved my skills by becoming proficient in Generally Accepted Accounting Principles (GAAP) for managing my clients' financial records. Additionally, I have gained expertise in applying Internal Revenue Service (IRS) tax codes to ensure accurate tax preparation.

My small business clients are from these industries. Real estate, construction, transportation, healthcare, early childhood education, beauty and multifaceted business owners.

Under the new administration of 2025, we are all reluctant to see what's to come in the tax code changes for businesses.

Make sure the type of pro you utilize have knowledge of generally accepted accounting principles (GAAP) and IRS tax code knowledge.

When considering the structure of your business and anticipating its financial needs as it expands, it is essential to focus on minimizing risks and reducing your tax burden. Effective tax planning plays a crucial role in achieving these goals. Here are some tips to help you navigate this process: 1. **Choose the Right Business Structure**: Different business structures, such as sole proprietorships, partnerships, LLCs, and corporations, have varying implications for taxes and liability. Selecting the appropriate structure can help minimize your tax obligations and protect your personal assets. 2. **Keep Accurate Financial Records**: Maintaining organized and accurate financial records is vital. This practice not only helps you track your income and expenses but also ensures you have the necessary documentation for tax deductions and credits. 3. **Understand Tax Deductions and Credits**: Familiarize yourself with the various tax deductions and credits available to your business. These can significantly reduce your taxable income and overall tax liability. 4. **Plan for Future Growth**: As your business grows, your financial needs will change. Regularly review and adjust your financial strategies to accommodate growth, ensuring you remain compliant with tax regulations while optimizing your financial resources. 5. **Consult a Tax Professional**: Engaging with a tax professional can provide valuable insights tailored to your specific business situation. They can help you navigate complex tax laws and develop effective tax strategies. By implementing these strategies, you can better prepare for your business's financial future while minimizing risks and lowering your tax burden.