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Finance Tips


Why Reviewing Your Business Financial Statements Monthly is Crucial
As a business owner, staying on top of your financial health is essential for making informed decisions and achieving long-term success....

Dalila Popko
Jan 133 min read
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Understanding the Requirements for Issuing 1099 Forms by the January Deadline
Navigating the complexities of 1099 forms is an essential task for business owners as the year comes to a close. Proper adherence to the...

Dalila Popko
Jan 12 min read
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Navigating the Complexities of Work Clothing and Accessories Deductions
When it comes to tax deductions, the nuances of what can and cannot be deducted often leave taxpayers puzzled, especially in the realm of...

Dalila Popko
Jan 12 min read
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S-Corp Tax Savings Explained: Pros and Cons of an S-Corp
When considering the most advantageous tax structure for your business, an S-Corporation (S-Corp) often emerges as a compelling choice...

Dalila Popko
Jan 13 min read
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The Essentials of Tax Recordkeeping with LUMI Accounting and Financial Services
At LUMI Accounting and Financial Services, we often guide clients through the complexities of maintaining proper records to support their...

Dalila Popko
Jan 13 min read
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Strategic Tax Management for Business Success
Taxation plays a crucial role in the management and strategy of any business, directly impacting everything from cash flow to...

Dalila Popko
Dec 23, 20243 min read
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Where Are My Profits Hiding? Understanding Cash Flow for Small Businesses
At LUMI Accounting and Financial Services, we provide essential insights, actionable strategies, and critical resources to empower...

Dalila Popko
Dec 23, 20243 min read
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