Alison Reed Bookkeeping

Death and.... well, you know 🫣🫢

With Q4 upon us, tax season is creeping up faster than you think 🫣

And even the most fearless business owners can find the day-to-day grind of managing finances kinda spooky 👀

But if you know it's time to get your books in order, I'm here to help get you back to running your business (instead of running from it!) 🧟🧟‍♀️

Now’s the time to organize your financials and avoid any last-minute scary surprises. Let’s turn those tax-time frights into delights!

💡 Did you know that having clean books can actually INCREASE your income? Bookkeeping is usually overlooked as an income-generating activity, but business owners often see profits increase once they get their finances in order. 📝

Here’s why good bookkeeping matters:

✅ Increased Confidence in Your Business
✅ Maximized Tax Savings
✅ Clear Insights for Growth
✅ Better Control Over Expenses

When your financials are accurate and up-to-date, you’re not just avoiding chaos—you’re setting yourself up to make more money!

Start treating your books as a tool for growth, and watch what happens. 🚀

Business Travel Deductions: How Much Can You Really Save? 💼✈️💰

You might not love bookkeeping, but you probably DO love saving money on your taxes!

So let's talk numbers – specifically, what percentage of your business travel expenses you can actually deduct?

Here's a breakdown of common travel expenses and their typical deduction rates:

🏨 Lodging: 100% deductible
🍽️ Meals: 50% deductible (100% for certain industries in 2021-2022)
✈️ Transportation (flights, trains): 100% deductible
🚗 Personal vehicle use: 56¢ per mile (2021 rate)
🚕 Taxis, shuttles at destination: 100% deductible
📞 Business calls and internet: 100% deductible
🧳 Baggage fees: 100% deductible
🧼 Laundry (trips over a week): 100% deductible

Remember, to be deductible, these expenses must be:
1️⃣ Ordinary and necessary for your business
2️⃣ Directly related to your business
3️⃣ Properly documented (keep those receipts!)

Pro tip: The rules can get tricky, especially for mixed business/personal trips or luxury expenses. That's where having a trusted bookkeeper can really pay off!

Want to make sure you're maximizing your deductions? Let's chat! Drop a comment or send me a message. I'm here to help you keep more of your hard-earned money where it belongs – in your business!

Safe travels and happy deducting!

Hi there! I'm Alison, and I'm excited to introduce myself as the owner of Alison Reed Bookkeeping, an outsourced bookkeeping service dedicated to helping small businesses in Charleston, SC and around the U.S.

As a small business owner myself, I understand how important it is to have a trusted partner handling your financial records. That's why I'm passionate about providing personalized, professional bookkeeping services to entrepreneurs like you. My goal is to simplify your bookkeeping so you can focus on running and growing your business.

I offer a range of services tailored to the unique needs of small businesses, including:

- Ongoing income and expense tracking
- Monthly close and financial reporting
- Accounts payable and receivable management
- Payroll
- Receipt Mangament
- 1099 tracking and end-of-year filing

If you're looking to get (and keep!) your business financials in order, let's chat. I'd be honored to learn more about your business and how I can become your bookkeeping partner.

You can reach me at www.alisonreedbooks.com or 843-323-0870. I look forward to connecting!