THE TAX CUTTERY®Tax & Wealth Advisors
Compliance. Planning. Resolution.
Accounting & Business Tax Education
Know what they’re saying.
Then decide what comes next.
A bank balance tells you what is there. Good accounting helps explain why. Learn to connect your bookkeeping, financial statements and tax decisions with the business—and life—you are building.
The Guide first, if you want the bigger picture.
Free initial consultation. No purchase required.
Start With The Question In Front Of You
Seven practical guides for owners who want more than a pile of reports. Each explains a different piece of the accounting and tax picture.
Useful bookkeeping explains what the business earned, what it spent, what it owns, what it owes and how transactions connect to supporting records. Downloading a bank feed is only one part of that process.
Small Business Bookkeeping: Make The Numbers Useful →Profit measures revenue and expenses under the accounting method used. Cash flow measures money moving in and out. Collections, borrowing, equipment purchases, debt principal and owner transactions can make the two figures differ.
Profit Vs. Cash Flow: Why The Bank Balance Tells A Different Story →A balance sheet shows assets, liabilities and equity at a point in time. Its basic equation is assets equal liabilities plus equity. It complements the profit and loss statement, which describes activity over a period.
Balance Sheet Basics: What The Business Owns And Owes →A transfer moves cash, but its tax treatment depends on the entity and what the payment represents. Sole proprietor draws, partner payments, shareholder distributions, reimbursements and employee wages are different categories.
Owner Pay, Draws And Distributions: The Entity Matters →Start with complete statements, reconciled books, year-end financial reports, payroll records, asset and loan details, owner transactions and relevant prior returns. Include unresolved questions instead of quietly guessing at their treatment.
Year-End Books And Your Tax Return: Close The Gap →They should distinguish gross wages, employee withholding, employer taxes, benefits, payroll liabilities and payments. Net pay alone does not describe the full payroll transaction or establish that tax deposits and returns are complete.
Payroll Records And Business Taxes: Make The Totals Agree →Cash accounting generally follows receipt of income and payment of expenses. Accrual accounting generally follows when income is earned and expenses are incurred under the applicable rules. Tax exceptions, eligibility and method-change rules can affect the result.
Cash Vs. Accrual Accounting: When Does It Count? →The Routine That Makes Planning Possible
You cannot make a useful plan from numbers nobody can explain. Start with the file, then connect the business records to your tax questions.
Match the accounts, keep the evidence and identify what remains unresolved.
Build The Foundation →Look beyond profit. Read cash, debt, assets and owner transactions together.
Read The Other Half →Bring the life changes and business decisions behind the organizer into the conversation.
Start The Free Consultation →
The Book Behind The Practice
THE TAX CUTTERY® Guide to Federal Income Taxation, Professional Edition
Income. Deductions. Business decisions. The records you keep today become the tax questions you face tomorrow. Put the federal tax picture within reach before the next decision is made.
564 pages · Hardcover · Professional Edition · $299
The Guide is an educational purchase. Professional services are separately scoped. Optional for return preparation; required for Tax Advisory. Free consultation requires no purchase.
The Numbers Have A Tax Consequence
Paul Diaz, EA, MBA brings a degree in Finance, an MBA with a concentration in Accounting and his background as an IRS Enrolled Agent to the questions behind the books. THE TAX CUTTERY connects federal tax education with the facts of your business and household.
Need the firm to work on your file? Start the free initial tax consultation. We identify the records and scope before bookkeeping cleanup, return preparation, research or Tax Advisory is agreed. A book purchase does not bundle those services.
Straight Answers. A Useful Starting Point.
It supplies the records behind the return and helps explain income, expenses, assets, debt and owner activity. Better records also make it easier to identify questions that need tax analysis.
Yes. These public explanations are available to read without creating an account. The Guide is a separate educational purchase; professional services require their own engagement.
Start with the question you need answered. The free tax consultation helps identify the file and scope. Cleanup and preparation are different work from forward-looking Tax Advisory.
No purchase is required for the free initial consultation or to request return preparation. The Guide is required for Tax Advisory and recommended for understanding the broader tax picture.
No. THE TAX CUTTERY® Guide to Federal Income Taxation explains the federal tax picture. It does not replace bookkeeping, prepare your return or include individualized professional work.
An existing bookkeeper can be part of the conversation. The important questions are whether the file is complete, reconciled and clear enough for the tax work being considered.
Your Next Move
Read the Guide to connect the tax picture. Start the consultation when you want the firm to understand your situation. Both doors are right here.