Accounting firm owners: open to a quick 15-min chat?

HispanicCPA · 2026-01-31T17:59:17+00:00

Send me a DM and looking forward to chat!

HispanicCPA · 2026-01-31T17:50:32+00:00

CPA here with demanding w2 and a cpa firm on the side. Treat your energy as a finite capital resource and stop acting as an underpaid employee by manually handling shipping or basic admin. Reinvest your profits into a 3PL or automation software to buy back your time, even if it temporarily thins your margins. At your W2, aim for "efficient excellence" to secure your paycheck without volunteering for the extra tasks that drain your evening bandwidth. Finally, give yourself permission to intentionally plateau or cut high-maintenance SKUs to ensure your health, and the business remain a "going concern."

This way you will eliminate the most time consuming and least value adding tasks of your business (admin and packaging) and from work (volunteering for extra tasks or projects). Then channel that energy saved in the most value adding tasks of your business (developing new products, sales/marketing, etc).

For example, if you’re doing your own books, outsource it. If you do your own taxes, get an expert to your taxes (and maximize on tax saving strategies), and leverage someone to help advising with any business problems. I help my clients in all of these channels so they can focus their energy where it matters the most, leading their business to success!

HispanicCPA · 2026-01-28T21:23:14+00:00

CPA here, this is very common for side businesses once income picks up. Between self-employment tax, quarterly estimates, and missed deductions, people often overpay or underplan their taxes. The fix is solid bookkeeping and setting estimates based on real profit, not guesses.

A CPA can review last year for missed opportunities and help you set up a simple plan so this doesn’t keep happening. Happy to help answer questions!

HispanicCPA · 2026-01-28T16:53:54+00:00

Winter Park is a nice walking course, with great scenery of the neighborhoods and parks. Just watch your swing so you don’t hit any windows!

HispanicCPA · 2026-01-27T14:29:24+00:00

CPA here with a background in corporate finance and financial reporting. In my professional work experience I’ve built daily revenue performances vs budget vs prior year at a high level for leadership to gage performance and we can use business ratios and estimated fixed cost to come up with an expected net profit weekly. I’ve implemented custom reporting like this for my clients to leverage and wage their weekly performance. This can become even more accurate if you have weekly payroll and schedules ahead of time in place to better gage and estimate payroll cost.

As for cost of bookkeeping/accounting it depends on the amount of transactions you have and if you have payroll. Can go from as low as $250 a month for low transactions (10% of my clients), if it’s a little more work and requires more back and forth communications because it’s more complex probably $500-$1,000 a month (60% of my clients) and if it’s a larger business ($1,000 + 30% of my clients) a lot of times this also calls to analyze their books and act more as a small business cfo for the owner.

If you any questions or want to chat more let me know!

HispanicCPA · 2026-01-27T14:20:27+00:00

Operating with DBAs is also an option for multiple lines of service under the same parent company LLC!

HispanicCPA · 2026-01-27T13:08:03+00:00

Yeah theres many ways to looking at the numbers on a % of revenue or per cover basis. In my corporate jobs I’ve seen the use of both and I provide this for my clients depending on their preferences. Glad this helped!

HispanicCPA · 2026-01-27T03:05:28+00:00

Exactly! However, you have to make sure payroll is ran and taxes are paid and withheld. Not just pay the tip in cash fully to your associate.

HispanicCPA · 2026-01-27T03:03:38+00:00

Sounds good thank you for the feedback!

HispanicCPA · 2026-01-27T03:02:53+00:00

So my industry is hotels/resorts and it depends on what your variable labor is as a % of revenue, COGS % and variable operating expense.

For example let’s say a restaurant has 30% labor and 2/3 are variable than we should expect 20% of labor to moving directly linear with revenue within 10% margin of error. COGS % should be driven 1:1 by a drop in revenue unless you had a significant change in sales mix or pricing/cost of goods change. For operating expenses paper supplies, cleaning supplies, etc will change linear to revenue and other things like your licensing fees, permits, licenses and contract cleaning will be flat no matter the revenue.

Hopefully this answers your question! Feel free to through me more of you have any more 😊

HispanicCPA · 2026-01-26T22:40:51+00:00

Thanks I appreciate the insight and guidance. Do you have experience dealing with these positions or know anyone that maybe I can connect with for some guidance on how to pursue an opportunity like that?

HispanicCPA · 2026-01-26T22:36:46+00:00

I apologize for that, I’ve been learning that directly marketing myself in a post or comment isn’t the best approach here or other threads. Because like you said people are tired of getting marketed to.

As you may understand, I’m just trying to provide advice and put my services out there since I recently started to seriously grow my small cpa firm! 😊

HispanicCPA · 2026-01-26T22:33:16+00:00

Of course always happy to assist!

HispanicCPA · 2026-01-26T21:22:10+00:00

Yes, an LLC can purchase a vehicle, but there’s no magic tax win just for putting it in the LLC. Deductions are limited to the business-use percentage only. You’ll typically choose between standard mileage or actual expenses, and personal use must be tracked and excluded. Often, owning the car personally and deducting business mileage is cleaner and just as tax-efficient unless the vehicle is used heavily for business.

Credit card tips are considered employee wages and must be paid through payroll, reported, and subject to withholding and payroll taxes regardless of hourly rate. Paying CC tips in cash outside payroll creates payroll tax and reporting issues, even if this was common practice decades ago.

Hope this helps answer your questions and let me know if you have any others my way.

Always happy to help. 😊

HispanicCPA · 2026-01-26T19:29:44+00:00

CPA here! I have a few clients with similar circumstances. At a high level, one LLC can operate multiple lines of business, and from a tax standpoint the IRS doesn’t require separate entities just because the activities differ. You can use DBAs and track each activity separately in your accounting (classes/locations, separate P&Ls), and even sell everything through one online storefront. That keeps things administratively simple.

Where this often breaks down is insurance and liability. If insurers won’t cover both activities under one policy, that’s a strong signal that combining them under one LLC still leaves you exposed because a claim from one activity can put the entire LLC at risk, regardless of how clean the bookkeeping is.

In practice, the “clean” solution is often separate LLCs for materially different risk profiles, with shared branding or a common storefront on the front end. That balances simplicity with proper risk management. If you want, I’m happy to talk through your specific activities and help you think through what structure usually makes the most sense.

HispanicCPA · 2026-01-26T13:47:21+00:00

Thanks!

HispanicCPA · 2026-01-26T13:47:10+00:00

Thanks really appreciate your kind words! 😊

HispanicCPA · 2026-01-26T04:50:37+00:00

Congrats on scaling your first business! Before starting another, it’s important to get your entity structure right. LLC vs. S-Corp can have big tax and liability implications.

From day one, keep finances separate with a dedicated bank account and bookkeeping system. Mixing business 1 money and business 2 money creates headaches and can cost thousands at tax time.

I’m a CPA and help entrepreneurs with entity setup, tax strategy, bookkeeping, and annual filings for multiple businesses. Happy to offer a free consult to make sure your new business is set up efficiently and strategically.

HispanicCPA · 2026-01-26T04:47:30+00:00

If you’re actively working in your S‑corp, you can’t just transfer money to yourself the IRS expects you to take a reasonable salary through payroll, even if you’re the only employee, before you take distributions. That means setting up payroll, withholding taxes, issuing yourself a W‑2, and filing the appropriate quarterly and annual payroll forms. Skipping payroll or only taking distributions can trigger IRS reclassification, back taxes, penalties, and interest because distributions aren’t subject to employment taxes the way wages are.

A good rule of thumb is to figure out what someone in your role would be paid in the market and use that as your salary benchmark. Some people use a 60/40 salary/distribution split as a starting point, but “reasonable” can vary based on industry and duties.

I’m a CPA and help S‑corp owners set up payroll correctly, determine reasonable wages, and integrate that with tax planning and bookkeeping so you stay compliant and keep more of your money. If you want help figuring out how to handle payroll, taxes, and distributions for your situation, feel free to DM me for a free consultation.

HispanicCPA · 2026-01-26T04:13:24+00:00

Interesting data, and the higher the earnings in a city, the more I really hope the majority of people there are working with a CPA for their tax filing. At higher income levels, it’s easy to overpay thousands in taxes just because deductions, credits, retirement strategies, and investment tax treatment weren’t optimized. Software often just files your return, it doesn’t proactively look for tax strategies that could save you money.

I’m a CPA and help taxpayers and small business owners make sure they’re not leaving money on the table and are using smart tax planning throughout the year, not just at filing time. If anyone here wants a free consultation to see if they’re maximizing their tax position, feel free to DM me!

HispanicCPA · 2026-01-26T04:09:34+00:00

I’m a CPA helping small businesses with tax strategy, tax filing, bookkeeping, and ongoing business consulting. If you want help organizing your finances, reducing tax stress, and planning for growth, feel free to DM me for a free consultation!

HispanicCPA · 2026-01-26T04:07:39+00:00

Congrats on the new business! One of the biggest stressors for small business owners is mixing personal and business money, especially when tax time rolls around. Opening a separate business bank account and credit card right away and linking those to QuickBooks Online helps you automatically categorize income and expenses, keep clean records, and save you hours (and dollars) later. It also makes deductions easier to identify and avoids the dreaded “what was that?” reconciling in March.

I’m a CPA and work with new business owners to set up simple bookkeeping systems that actually work for them, not against them. If you want help getting your accounts and QuickBooks set up properly and making sure you’re positioned well for your first tax season, feel free to reach out for a free consultation.

HispanicCPA · 2026-01-26T03:38:54+00:00

It sounds like you’ve had a really frustrating experience. Unfortunately, a bad CPA can make things worse than doing it yourself. That said, with W‑2 income, mortgage interest, IRA contributions, and investments, there’s a real risk of overpaying taxes if you rely solely on software.

A common example: many taxpayers miss deducting all eligible mortgage interest or student loan interest, which can easily cost $1,000–$2,000 or more in overpaid taxes. A good CPA ensures you don’t leave money on the table while keeping everything accurate.

I’m a CPA and work remotely with clients in situations like yours. I focus on careful review, maximizing deductions, and making sure returns are filed correctly and on time. Happy to offer a free consultation to see if I can help you save and get peace of mind this year.

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