Intriago Advisors is a full-service financial advisory firm remotely serving small and medium sized businesses who need more than just bookkeeping. Our ideal client is one who is looking to grow their business or non-profit by planning, setting goals and measuring them. Our services are packaged to include all financial and compliance aspects of an organization.
Too often entrepreneurs, small business owners or non-profits rely on the services of a bookkeeper and get their tax return done, doing only those things that are absolutely necessary. What they don’t understand is that the things that they are not doing – setting goals, doing budgets, billing properly, making systems more efficient – are the keys to making a business grow.
Joy Intriago founded, managed and grew two successful businesses in which she developed efficient and effective methods of financial management. She admonishes that a business needs to have a road-map, or the business is bound to get lost. Set goals, plan how to achieve them, assess, adjust and repeat.
We do not need to be physically located in your offices. Our services are provided remotely using special secure systems to receive data, documents and communications from you and your staff. Monthly or quarterly meetings are virtual; no need for you to leave your office.
Our systems are based on years of experience in managing and operating businesses. As necessary we incorporate more specific experienced professionals in our advisory team working with them to provide the solutions while you run and grow your business.
It has been widely reported that the TCJA lowers federal income tax rates for many people. The highest tax rate, for example, has fallen from 39.6% to 37%. Many people who are in lower brackets also stand to benefit.
Example 1: Alice Young had $100,000 of taxable income in 2017. As a single filer, Alice was in the 28% tax bracket. If Alice has that same $100,000 in taxable income in 2018, she will be in a 24% bracket. Indeed, Alice could add as much as $57,500 in taxable income this year and maintain her lower 24% tax rate.
The Tax Cuts and Jobs Act (TCJA) of 2017, passed at year end, has been called the most extensive tax legislation in more than 30 years. It’s certainly far reaching, covering individual income taxes, business income taxes, and estate taxes. The new law has many tax saving opportunities as well as possible pitfalls.
Trying to grasp everything in the TCJA can be overwhelming. Therefore, it’s best not to panic; don’t rush into tax motivated actions just because of gossip or opinions you hear. There’s no need to act rashly this early in the year.