Freedom Construction Management LLC

10/15/2025

2024 Extended Tax Season is officially a wrap. Just a reminder that October 16-December 1st, we will be closed for software updates and upgrades. ☺️

10/10/2025

The IRS has released inflation adjustment figures for over 60 tax provisions, including the 2026 tax rate tables. (Rev. Proc. 2025-32) Other key adjustment figures include:

Standard deduction: Increased to $32,200 for married filing joint (MFJ); $24,150 HOH; and $16,100 for single and married filing separate (MFS) taxpayers;
Annual gift tax exclusion: The annual gift tax exclusion will remain $19,000;
IRC §179 current expense limitations: The dollar limit is increased to $2,560,000 and the investment limit is increased to $4,090,000;
IRC §199A threshold and phase-in range amounts: The threshold is increased to $201,750 ($403,500 MFJ; $201,775 MFS). The phase-in range amount is also increased to $276,750 ($553,500 MFJ; $276,775 MFS); and
Excess business loss threshold: As a result of OBBBA’s resetting of the inflation amounts, the threshold is decreased beginning with the 2026 tax year to $256,000 ($512,000 MFJ).

10/08/2025

It is absolutely crucial for the success of any small business, yet it's a fundamental aspect that is often neglected by many business owners. Implementing and consistently maintaining accurate financial records can lead to substantial and positive financial outcomes, allowing businesses to thrive and grow effectively.

𝙈𝙖𝙨𝙩𝙚𝙧𝙞𝙣𝙜 𝙩𝙝𝙚 𝘾𝙝𝙖𝙧𝙩 𝙤𝙛 𝘼𝙘𝙘𝙤𝙪𝙣𝙩𝙨 𝙛𝙤𝙧 𝙎𝙢𝙖𝙧𝙩𝙚𝙧 𝙁𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙈𝙖𝙣𝙖𝙜𝙚𝙢𝙚𝙣𝙩 A well-structured 𝑪𝒉𝒂𝒓𝒕 𝒐𝒇 𝑨𝒄𝒄𝒐𝒖𝒏𝒕𝒔 (𝑪𝑶𝑨) is the backbone of accurate financial reporting. It organizes every transaction into categories—𝑨𝒔𝒔𝒆𝒕𝒔, 𝑰𝒏𝒄𝒐𝒎𝒆, 𝑳𝒊𝒂𝒃𝒊𝒍𝒊𝒕𝒊𝒆𝒔, 𝑬𝒒𝒖𝒊𝒕𝒚, 𝒂𝒏𝒅 𝑬𝒙𝒑𝒆𝒏𝒔𝒆𝒔—to give businesses clear insights into their financial health.
▪️ 𝑨𝒔𝒔𝒆𝒕𝒔 – Track resources like equipment, cash, and receivables. ▪️ 𝑰𝒏𝒄𝒐𝒎𝒆 – Record sales, consultancy fees, and other revenue streams.
▪️ 𝑳𝒊𝒂𝒃𝒊𝒍𝒊𝒕𝒊𝒆𝒔 – Manage debts, loans, and obligations.
▪️ 𝑬𝒒𝒖𝒊𝒕𝒚 – Monitor capital, retained earnings, and shareholder value.
▪️ 𝑬𝒙𝒑𝒆𝒏𝒔𝒆𝒔 – Control costs from payroll to utilities. Having a clear 𝑪𝑶𝑨 not only simplifies accounting and bookkeeping but also strengthens decision-making, tax compliance, and financial planning.

Whether you're a startup, small business, or enterprise, implementing a structured Chart of Accounts ensures accuracy, efficiency, and scalability in your financial operations. Pro Tip: Review and update your 𝑪𝑶𝑨 regularly to align with your business growth and industry standards.


Accounting Knowledge Concepts

10/05/2025

Every great business needs both a bookkeeper and a tax professional on its side. Your bookkeeper keeps your finances organized and makes sure nothing slips through the cracks, while your tax professional helps you keep more of what you’ve worked so hard to earn.

10/02/2025

Great News! We've Got a New Email and Easier Booking

We've made a few upgrades to serve you better!

For enhanced security and a smoother communication experience, we've updated our primary email address to [email protected]. Please use this email for all future contact.

The best part? You can now book your appointments instantly with our new online scheduling tool! Say goodbye to email tag and hello to easy booking right here: https://calendar.app.google/xhK5NDnbV4whVwLQ7

We're always looking for ways to make working with us easier.

The extended tax deadline is quickly approaching!

07/19/2024

New day, new possibilities.

07/10/2024

My team is expanding and we’re looking for aspiring entrepreneurs interested in the financial services industry. Message me to learn more about this exciting opportunity. Bit.ly/PriDisclosures

07/09/2024

Finances are a top concern for families right now, which is why I’ve taken a step into the financial services industry with Primerica. I’m looking forward to furthering my financial knowledge and making an impact in my community.

07/08/2024

Traveling shouldn’t mean stressing about your home. Vivint SmartHome lets you check in anytime, anywhere. Enjoy your vacation and relax knowing your home is safeguarded. Message me to get started today.

Bit.ly/PriDisclosures

07/07/2024

Life is full of uncertainties, but your loved ones’ financial security shouldn’t be one of them. With Primerica’s term life insurance, you can help protect your family’s well-being. Send me a message for more information.

Bit.ly/PriDisclosures

07/07/2024

Looking to supplement your salary this summer? This business opportunity may be just what you need! With a flexible schedule, you can take control of your time and work towards your financial goals. Send me a DM or text to learn more!

Bit.ly/PriDisclosures