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
Bitcoin prices are booming along with most other crypto-currencies. If you own or trade Bitcoin. you are likely sitting on profits. Today I’m going to talk about how and why you should pay taxes on your Bitcoin profits.
I took a business trip to Florida with my family. What travel expenses can I deduct?
For the self employed entrepreneur and small business owner, as long as the trip was primarily for business, the costs of meals, lodging, transportation and other related business travel expenses are ordinarily deductible…
The U.S. Tax Code is constantly changing and 2017 brings 5 worthless tax changes that you may want to remember when filing your taxes. Keep in mind these tax changes affect the tax preparation you will do in 2018 for the calendar year 2017.
An IDES audit is a serious matter and careful consideration needs to be made especially in the beginning of the audit process. If your business is chosen for an IDES audit, it’s essential to seek professional guidance…
Finding the right person to prepare your income tax return is very important, but often, not enough care is put into this vital financial decision. With software, like TurboTax, anyone can prepare income tax returns, including beginners with no experience. When you consider the likelihood of mistakes and audit risks, is this the best choice for you?
As a driver for Uber, you will receive IRS information documents reporting your earnings for the year along with expenses you paid on those earnings. Uber driver partners must report all the income they have earned for the year…
President-elect Donald J. Trump will soon assume the presidency and will then have the opportunity to implement his tax plan. According to Trump’s vision, as stated on his campaign fact sheet, these are the areas that may affect your taxes…
With the lure of tax-free distributions, Roth IRAs have become increasingly popular retirement savings vehicles. According to the 2015 Investment Company Fact Book 19.2 million U.S. households (about 15.6%) owned Roth IRAs in 2014.
Xero is an easy-to-use, but powerful cloud-based accounting software designed for small & medium sized businesses. Xero was designed for the non-technical person and helps users derive useful information from their data. In 2006 the developers at Xero launched their service with three things in mind