Upcoming Deadlines
August 31st - 2017 Personal documents due to SBG to avoid $500 Rush Fee
Rush Fees are currently in effect for all extended Partnerships and S-Corps! The IRS filing date is 9/17/2018. If you haven't turned in your information to SBG, it is imperative we receive it ASAP! If you do not know what to turn in, please contact us at 702-320-9200.
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Client Spotlight: Go Film Vegas
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Bryan Schnitzer is the owner of Go Film Vegas, an independent location and production management company with ongoing projects in Las Vegas, NV, Shreveport, LA, Atlantic City, NJ, and the Philippines. He began working as a photographer and videographer at the Wynn and found his calling at Caesars Entertainment as a TV & Film Coordinator. Some of his duties included vetting projects, calculating production value based on distribution, and organic branding on hundreds of productions. Bryan has worked on TV shows such as America's Got Talent, SportsCenter, MasterChef, and Ellen and movies such as Jason Bourne, The Big Short, War Dogs, and Wolverine.
After four years at Caesars, Bryan started Go Film Vegas. He leverages his broad range of industry contacts across the Las Vegas resort, nightlife, restaurant and entertainment community to secure iconic locations for television, movie, commercial, and music video productions. In addition to logistical support, Bryan assists in contract negotiation, permitting, staffing, and insurance. His clients range from Caesars Entertainment, MGM Resorts International, William Hill Sports Book, Fremont Street Experience, UFC, Showtime, FOX, CBS, MTV, Jack Morton Worldwide, and Intel.
Bryan often travels for productions and he is looking forward to traveling to Bangkok, Thailand for his fifth Miss Universe pageant in December. Bryan enjoys scouting locations for projects as it marries his passion of photography and travel.
You can see more of Bryan's work on his websites
Go Film Vegas
and
Bryan Marc Photography
or reach out directly at 847-707-7114.
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Accounting vs. Bookkeeping
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Have you every wondered what makes accounting different than bookkeeping? Click the link below to check out a great video explaining the difference.
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SBG Welcomes Aaron Merrill to Our Team!
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Aaron has spent the last 6 years working in a variety of accounting roles. He worked in Public Accounting for 4 years where he spent most of his time in tax preparation and planning for small to middle market sized businesses. He served a variety of different industries including real estate professionals and investors, construction, hospitality, retail, and high net worth individuals. Most recently Aaron worked in corporate tax for a publicly traded airline where he focused primarily on federal and state tax compliance.
Aaron earned a Masters of Accountancy from Southern Utah University and a Bachelor of Science in Accounting from Dixie State University. He became a Certified Public Accountant in 2015. He chose accounting as a career path because he is passionate about helping entrepreneurs and business owners to succeed.
Aaron enjoys spending time with his wife and daughter. His wife is a group fitness instructor and personal trainer and does her best to keep him in shape. When he’s not attending his wife’s classes, he enjoys hiking, triathlons, golf, tennis, swimming, and above all surfing. His claim to fame is winning the Mr. Dixie pageant while at Dixie State and insists that winning this manly pageant is why his wife fell in love with him.
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What's new that affects you?
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Changes in tax law are here, and we want to help you navigate the landscape. For instance:
- Due to the increase in the standard deduction and changes in itemized deductions, it is more important than ever to consider the timing of deductible expenses.
- With the decrease in tax rate for corporations, now may be the time to consider a change in the structure of your business.
- Expenses for entertainment are no longer deductible.
- There is a new $500 credit for dependents who do not qualify for the child tax credit.
Contact us soon for an appointment to identify tax planning strategies to capitalize on opportunities within the new law!
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School has begun!!
In our last newsletter, I shared with you all how much I love summer. I do. I really, really do. As a working parent though, I have to say that I really love when school starts! (Don’t tell Caitie!!)
I love having more time with my daughter and family. Planning and taking trips, even if they are just a couple of weekend getaways. This summer, my family and I traveled to Texas, as we do every year to pick Caitie up from summer camp, Oceanside, CA to see my sister and to Albuquerque, NM, again for family. It really made the summer fly by!
School started for Caitie again this past week and as much as I enjoyed our summer travels, I am looking forward to settling down into a regular schedule and pattern to our home and work lives.
A common theme that has been on my mind in the past few weeks leading up to school starting has been time blocking. For me, that act of setting goals for myself on a weekly or monthly basis is great when it is in my head, but it doesn’t always come to fruition. I have found that if I actively set aside the time on my calendar, whether it be at work or at home, I tend to reach those goals a lot more often. I look at it as making an appointment with myself and setting clear boundaries for others about respecting the time commitment I am making to work towards them. It is an example I am trying to set for my daughter as well.
As any parent knows, assigning chores to a child is easy but seeing them be done without the constant reminders and nagging can drive some of us insane! I had the idea to try a discussion with Caitie about her chores and, embracing the world we live in, suggested she create reminders on her phone calendar at times she felt were good for her to work on them. I have to say, after one month, it has been very successful! She has set her goals, time blocks for them and I haven’t had to nag her or remind her about them at all. I am counting that, so far, as a success. She feels empowered. I get to witness that and enjoy more quality time with her as a result.
I look forward to this next month to see how these changes we have made will impact how we each feel at the end of our day, or at the end of our week.
I would love to hear how any of you find ways to work towards your goals! Please share with us!
Chrystee
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New Electronic Signature Procedure
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If you have signed your Form 8879 using RightSignature recently, you probably noticed that the process is a little different now. The IRS now requires KBA (Knowledge Based Authentication) for electronic signatures. Therefore, you will be asked a series a questions formulated to verify your identity before you sign. If for some reason you are unable to correctly answer these questions, you will be locked out of the document. You will then need to print and sign Form 8879 and upload it to your SmartVault or come by the office and sign in person. You can always call Kenzie or Amber if you are having any trouble.
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Convert Your Personal Vehicle to Business and Deduct up to 100 Percent
You probably like your personal vehicle just as it is. But wouldn’t you like it far better if it were producing tax deductions? Perhaps big deductions, immediately. And the Tax Cuts and Jobs Act gives you the tax reform road map on how to do this.
Of course, to make this happen, you need to strip your personal vehicle of its personal status and re-dress it as a business vehicle. This is not difficult. In its new business dress, your former personal vehicle can qualify for up to 100 percent bonus depreciation.
This law change is subject to limitations. If you would like to know whether you qualify for additional depreciation on your business vehicle, please feel free to contact us for a more detailed explanation.
*Vehicle mileage and mileage logs must be kept to substantiate greater than 50% business use.
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Our core values and beliefs revolve around
Integrity
The Client Experience
Teamwork
Resourcefulness
Enjoyment of Work
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Your SBG Consulting and Bookkeeping Matters team is always there to help you!
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Sara Graham, CPA, President
sara@sbgcpafirm.com
Aaron Merrill, CPA, Senior Associate
aaron@sbgcpafirm.com
Yasmil Quintero, Staff Accountant
yasmil@sbgcpafirm.com
Amber Trindle, Office Manager
amber@sbgcpafirm.com
Kenzie Wilson, Champion of Client Affairs
kenzie@sbgcpafirm.com
Cherie Gouker, Office Assistant
cherie@sbgcpafirm.com
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Chrystee Hill,
chrystee@bookkeepingmatterslv.com
Shelly Walker
shelly@bookkeepingmatterslv.com
Linda Sutter
linda@bookkeepingmatterslv.com
Maria Mabida
maria@bookkeepingmatterslv.com
Liz Wilson
staff2@sbgcpafirm.com
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SBG Consulting & Bookkeeping Matters | (702) 320-9200 | amber@sbgcpafirm.com
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