Synergy Advisory Bureau

Up-to-date documentation provides a clear picture of your income, expenses, assets, and liabilities. Our firm can help your organization grow.

[Elon Musk @elonmusk]

Why is such a false history of slavery taught in American schools?

[Mayra Dominguez @MayraDo57466678]

Colombia 🇨🇴
Increíble lo que hacen con los niños a espaldas del mundo. Quieren silenciar un documental antes de su lanzamiento por mostrar una verdad aterradora.
Compartan.

[Cheri @Cheriseajbof]

He should be an athlete 🏃‍♂️

[Artur Alves @lebigh_official]

Um homem na Itália está cobrindo os grafites nas paredes dos prédios que ele escolhe à noite, deixando um bilhete nas portas que diz: “este é um ato de amor urbano”.

[Synergy Advisory Bureau @SAdvisoryGroup]

Streamlining invoices and payments is crucial for any law firm. Get a handle on numbering, tracking, and payment processes to improve your firm's financial health. #LawFirm #BillingTips

[Synergy Advisory Bureau @SAdvisoryGroup]

Recording invoices and bills can be a headache. Matching them to your bank statement doesn't have to be. Here's how to streamline the process. #Accounting #Bookkeeping

[Synergy Advisory Bureau @SAdvisoryGroup]

Tax Strategies
Use payroll services to document W2 salaries
Time distributions around tax deadlines
Retain a portion of profit for capital reserve
Profit smoothing to avoid spiking one-time income
For more content https://t.co/NzsqvfG0hh
For our services https://t.co/rjhwxXliQa

[Synergy Advisory Bureau @SAdvisoryGroup]

Trust money and other assets under management aren't included on a company's income statement. The income statement only includes revenues and expenses generated by the company's own operations. #Accounting #Finance

[Synergy Advisory Bureau @SAdvisoryGroup]

Real-World Examples
(PA) skips payroll and takes $120K in draws — flagged in audit and reclassified as wages.
(C Corp) pays for partner’s mortgage from the corporate account — hit with penalty.
For more content https://t.co/NzsqvfG0hh
For our services https://t.co/rjhwxXliQa

[Synergy Advisory Bureau @SAdvisoryGroup]

Learn how to save payments in Sage 50 Quantum Accounting and instantly see the impact on your financial reports. Streamline your accounting process today! #Sage50 #AccountingTips

[Synergy Advisory Bureau @SAdvisoryGroup]

Learn how to properly input bank statement dates into your accounting software. Save payments and keep your income statement clean and accurate. #AccountingTips #Bookkeeping

[Synergy Advisory Bureau @SAdvisoryGroup]

C Corporation
Paying personal expenses directly from business funds (constructive dividends)
IRS Implication: Constructive dividends may be reclassified with tax consequences + penalties.
For content https://t.co/NzsqvfG0hh
For information on our services https://t.co/rjhwxXliQa

[Synergy Advisory Bureau @SAdvisoryGroup]

An accountant meticulously enters payment details, ensuring every transaction aligns perfectly with the law firm's accounts. Precision is key. #Accounting #LawFirm

[Synergy Advisory Bureau @SAdvisoryGroup]

IRS Red Flag: Failing to pay a reasonable salary can trigger audits. IRS guidelines (see IRS Fact Sheet FS-2008-25) stress salary must reflect fair market compensation for services
For more content https://t.co/NzsqvfG0hh
For information about our services https://t.co/rjhwxXliQa

[Synergy Advisory Bureau @SAdvisoryGroup]

IRS implications
Draws are not payroll and cannot be deducted as a salary. Doing so may result in misreported income and underpaid self-employment tax.
For more content https://t.co/NzsqvfG0hh
For more information about our services, visit us at: https://t.co/rjhwxXliQa

[Synergy Advisory Bureau @SAdvisoryGroup]

Job numbers are crucial in transaction and claim management software. They ensure accurate tracking and organization, streamlining complex processes. A small detail, but makes a huge difference. #Software #Productivity

[Synergy Advisory Bureau @SAdvisoryGroup]

Navigating a trust account audit can be tricky. One CPA shares firsthand experiences, challenges, and solutions. #CPA #Audit

[Synergy Advisory Bureau @SAdvisoryGroup]

Think you can just cut yourself a check at the end of the month? If you’re a law firm owner, whether structured as a PA, S, or C Corp, how you distribute profits can make or break your IRS compliance.
For content https://t.co/NzsqvfG0hh
For our services https://t.co/rjhwxXliQa