(Season 1) Ending Oct. 25
March 10, 2022

A Tax & Bookkeeping Co, LLC

A Tax & Bookkeeping Co, LLC

Latonya Stewart Boss is the CEO of A Tax & Bookkeeping Company, LLC. She is a born entrepreneur and the “Tax Strategist” in the Trucking Industry. Her company, A Tax & Bookkeeping Company, LLC, offers services such as bookkeeping, tax preparation, tax return, payroll, business formation, and more. In this episode, Latonya will share the information needed regarding tax filing or IRS compliance. She will also be sharing some information about her company.


About the Guest

[03:12]

When Latonya met her husband, his last name was Flanigan. However, his husband was able to find his birth father, whose last name is Boss. That’s how her name ended up being Latonya Stewart Boss.

[05:14]

Latonya was born and raised in Phoenix, Arizona. Her dreams when she was growing up were to have a big house, nice car, and become rich. Latonya believes that running a business runs in her blood due to her relatives owning some businesses.

A Tax & Bookkeeping Co, LLC

[07:49]

A Tax & Bookkeeping Co, LLC has been established for over 5 years. The name of their company was from a marketing article they read 5 years ago. The article mentioned how your business should start with ‘A’. Since the company’s nature is doing taxes and bookkeeping, they added ‘Tax & Bookkeeping’ to its name. Hence, A Tax & Bookkeeping Co, LLC was born.

[09:27]

Latonya has been working in the accounting industry for over 30 years. She worked with various bank and tax companies, engineering firms, and other industries. She has a Bachelor’s Degree In Business Science and Marketing, and she also took a master’s degree in Business Administration that focuses on Accounting. Her credentials can be found on the IRS website.

[11:37]

A Tax & Bookkeeping Co, LLC works with business owners and individuals regarding tax planning, tax filing, tax returns, and bookkeeping. Tax law is complex and constantly changing, so the team ensures to keep up with the changes.

[14:52]

It is essential to have accurate financial statements. This helps you get loans from banks to use as capital for your business. A Tax & Bookkeeping Co, LLC offers free bookkeeping strategy sessions which help you decide the best strategy to achieve your goals for your business.

Fees & Prices

[17:23]

If, in any case, the state or IRS contacts their clients, they’ll help assist and explain what it is all about. A Tax & Bookkeeping Co, LLC reviews your prior and current taxes for $50. If a resolution is required, an additional fee will be charged.

[18:33]

A Tax & Bookkeeping Co, LLC aligns its fees with the tax mark. They offer competitive tax preparation prices.

Benefits of Hiring a Bookkeeper

[19:45]

Latonya mentioned some benefits of hiring a bookkeeper for your businesses

  • Bookkeepers prevent errors
  • Bookkeepers keep a tight schedule
  • Bookkeepers free up your time for another task

Save on IRS Deductions

[22:34]

A Tax & Bookkeeping Co, LLC can help save on IRS deductions through a diagnostic review of your business. The first thing to do is to book a consultation call with them. They would conduct a deep cleaning review of your books. They ensure that your settlement statements have been handled steadily and your bookkeeping system has been set up accurately. They’ll also look into payrolls and change of business structure if needed. If the company doesn’t have bookkeeping, they’ll do a tax planning diagnostic review to see if there are missed deductions during the previous years. If you don’t have bookkeeping, they’ll set it up for you for proper tracking.

[25:28]

A Tax & Bookkeeping Co, LLC has a secured cloud-based management system to monitor, interact, and see their clients’ documents. It’s a portal called Onboard Double, and all records are accessible and convenient. QuickBooks also has a similar feature of a secured cloud-based management system that you can use for your business.

Tax Deductions

[27:06]

Startup businesses can deduct up to $5,000 as long as their startup costs don’t exceed $50,000. Even if you don’t have an income yet, as a startup business, you have to report your expenses on your tax return. Latonya mentioned some other expenses that can be deducted: legal professional fees, bookkeeping, etc.

Closing

[29:52]

A Tax & Bookkeeping Co, LLC can cater to businesses in the United States.

 

*Anuj Agarwal - Feedspot the founder of Feedspot.com notified us that The Trucking Entrepreneurs Podcast has been selected by their panelist as one of the Top 25 Best Logistics Industry Podcasts on the web. Currently we're ranked #9.  https://blog.feedspot.com/logistics_industry_podcasts/

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LaTonya Stewart Boss Profile Photo

LaTonya Stewart Boss

CEO

Hi! My name is LaTonya Stewart Boss and I help individuals and small businesses in the Trucking industry implement efficient bookkeeping and tax planning strategies for future capital to use to reinvest and grow their business.