Teresa Thomas CPA, CGMA

Partnering with small businesses to achieve financial success. I’m passionate about financial strategy, growth, and optimizing numbers to work for you.

[Teresa Thomas CPA, CGMA @RidgeCfo]

Economic uncertainty is challenging small businesses. Learn how owners are protecting cash flow, controlling costs, and staying resilient.

https://t.co/57wgCeXQy5

[Teresa Thomas CPA, CGMA @RidgeCfo]

If your withholding is insufficient or you receive income without tax withholding, you may need to make an estimated tax payment by June 15.

https://t.co/Ob8wwrnzqc

[Teresa Thomas CPA, CGMA @RidgeCfo]

Starting a business? Certain start-up and organizational costs may qualify for immediate tax deductions and long-term amortization. Learn what qualifies.

https://t.co/tWCiMLwUNM

[Teresa Thomas CPA, CGMA @RidgeCfo]

Here are the June 2026 Business Due Dates

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[Teresa Thomas CPA, CGMA @RidgeCfo]

Repaid income that was taxed in a prior year? Learn how the Claim of Right doctrine may provide tax relief through a deduction or tax credit.

https://t.co/4EJCzn7E3g

[Teresa Thomas CPA, CGMA @RidgeCfo]

Learn when foreign travel expenses are deductible, how business and personal days are counted, and what records are needed to support the deduction.

https://t.co/XxUFvRO7yl

[Teresa Thomas CPA, CGMA @RidgeCfo]

The combination of HSAs and HDHPs can be a good option to empower consumers with greater control over their healthcare spending with tax advantages.

https://t.co/T0vT7YDgmC

[Teresa Thomas CPA, CGMA @RidgeCfo]

The IRS is successfully challenging aggressive tax strategies using the economic substance doctrine. Learn what recent cases mean for your business and tax planning.

https://t.co/L9VCtfgTTV

[Teresa Thomas CPA, CGMA @RidgeCfo]

A federal court ruling may allow refunds for certain COVID-era IRS penalties and interest. Learn who may qualify before July 10, 2026.

https://t.co/VJJhbmpoNM

[Teresa Thomas CPA, CGMA @RidgeCfo]

The U.S. penny is being phased out. Learn how rounding, pricing strategy, and payment trends could impact your business—and what to do now.

https://t.co/Pq4AkGiJV0

[Teresa Thomas CPA, CGMA @RidgeCfo]

Section 529 plans are a powerful financial tool designed to encourage saving for future education costs in a tax-advantaged manner.

https://t.co/3S7qxVzHWg

[Teresa Thomas CPA, CGMA @RidgeCfo]

A former NBA executive was sentenced for embezzling millions. Here's what the case reveals about internal controls and business risk.

https://t.co/FUTYWEKRIx

[Teresa Thomas CPA, CGMA @RidgeCfo]

Struggling with slow-paying clients? Learn how to protect your cash flow, improve collections, and get paid faster with smarter payment terms and systems.

https://t.co/a9CmwYvX5f

[Teresa Thomas CPA, CGMA @RidgeCfo]

Learn how OBBBA changes opportunity zone investments after 2026, including new deferral rules and the return of the 10% basis step-up.

https://t.co/l4BIex1D5i

[Teresa Thomas CPA, CGMA @RidgeCfo]

New policies target drug prices and retirement access. Here's what the latest White House announcements mean for Americans.

https://t.co/2H2lAMROog

[Teresa Thomas CPA, CGMA @RidgeCfo]

Most business owners track revenue but miss what matters. Learn 3 key metrics to monitor monthly to improve cash flow, profitability and growth.

https://t.co/7SvCyvCuXU

[Teresa Thomas CPA, CGMA @RidgeCfo]

Crowdfunding can be a great way to raise money, but it may have tax consequences. Learn what could be taxable and what to watch for.

https://t.co/xRT6VbkEBU

[Teresa Thomas CPA, CGMA @RidgeCfo]

Learn how the pass-through entity elective tax (PTET) may help bypass SALT limits and reduce federal taxable income for eligible business owners.

https://t.co/1JdK43rjMv

[Teresa Thomas CPA, CGMA @RidgeCfo]

As space business grows, accountants are asking how to handle lunar assets. Here's how GAAP could apply beyond Earth.

https://t.co/T3GElC7uMX

[Teresa Thomas CPA, CGMA @RidgeCfo]

Rising gas prices in 2026 may impact business mileage deductions. Learn when the actual expense method may provide better tax savings.

https://t.co/46JMlxZ1tF