My name is Noel B. Lorenzana. I’m a Registered CPA, licensed in Illinois with over 25 years of real-world experience. I have a wealth of experience on taxes, business and technology, that I would like to share with you. I enjoy helping small business owners modernize their accounting, and use technology to maximize their business profits.
Leveraging the right tools and strategies can make a massive difference in how efficiently you run your company. Tech-savvy business owners are saving money and time, while also allowing themselves more flexibility and solving problems that would have been very hard to address a decade ago. Sadly, those who are hesitant to take advantage of technology will miss out and may find it difficult to compete.
The goal of my blog is to show you how current technology and internet-based applications can help you grow without compromising the quality of your business. These tools can help you access a wealth of data about your business, and the ability to easily and quickly share that data with your team. You can then leverage that information into proactive decisions. If you follow this advice, I strongly believe your overall life will improve and your business is about to take a leap forward.
The goal of this book is to show you how current technology and internet-based applications can help you grow your business without compromising quality.
You will learn about:
• Going Paperless, Apps, and Cloud-Based Accounting
• How to Modernize your Accounting System
• Security Practices for Online Accounting
• Creating Leverage by Outsourcing
• Accounting Concepts that Make Sense
• How to Audit-Proof Your Business
• Finding a Tech-Savvy Accountant
• Understanding Financial Statements
• And More
It can be quite scary to owe back taxes to the IRS. After all, they can seem like a pretty uncompromising group. Their goal is to collect as much tax revenue as possible, but there are times you can reach a compromise and settle your taxes for much less than …
Can an Offer in Compromise Help You Save Money on Your Tax Debt? Read More »
You expect your preparer to be skilled in tax preparation and to accurately file your income tax return. You trust him or her with your most personal information. They know about your marriage, your income, children and social security numbers – the details of your financial life, so it’s important …
Whether you do your own books, have a bookkeeper on staff, or have an outside professional handle it for you, there is always a chance of errors. Data entry errors, missed entries, misclassification, or even a technical problem with your software can cause problems. (Case in point, QuickBooks Online has …
If you’ve received a collections letter from the IRS, you may be wondering if you should respond. As you might expect, the answer to your question is yes and no. Do keep in mind that letters from the IRS should never be ignored. It’s important to open your mail and …
Should You Respond to an IRS Collections Letter? Read More »
I am not a healthcare professional or a doctor, and have no education or training in pandemics or infectious disease outbreaks. I use common sense and have my own personal opinions, and that’s it. This tax season, I’ve recently been asked if it’s safe to go out to your tax …
A lot of people go into tax season thinking about this simple question: should I have my taxes done or save money by doing it myself? It’s always good to be thinking and weighing the options, but for many people doing their own taxes does not equate to saving money. …
Do Your Really Save Money by Doing Your Own Taxes? Read More »
There’s nothing quite like paying income taxes. The anticipation is almost like waiting for Christmas… Well, okay, not QUITE like that. Few people look forward to paying taxes, but there are some things you can do to make it easier. These tips will both reduce the stress of preparation and …
Tax season can be a stressful time as we think about paying our taxes. Reducing the taxes you owe may be easier than you think and it’s about more than saving money. It can help you to be more giving, provide for your children’s education, run a thriving business, and …
Can you believe 2019 is winding down already? If you want to make the most of your taxes this year, here are three things you can do before the year ends (and one even after the year is over.) Maximizing Retirement Contributions One of the best things you can do …