May 26 2021

Thank you Victoria Love for a most beautiful
Hawaii Flower Power photo!
We discovered Victoria on her FB page - a 40-year resident of the islands, Victoria has a wonderful FaceBook page at https://www.facebook.com/VictoriaLovePhotography
Aloha and Welcome to
Plackett Enterprises Inc. Newsletter -
Hawaii Edition!
This newsletter will be published monthly and we will bring you news about the Upcoming Events Plackett Enterprises is collaborating on as well as articles and information that will help make YOUR BUSINESS THRIVE!!!

Mark and Holly Plackett
Owners - Plackett Enterprises Inc.
Licensed in Hawaii since July 2019

Please visit our website
www.plackettenterprises.com
to sign up for future newsletters!







We are pleased to include our guest author, Chelsea Lamb and a very informative article:






Why It’s
Time to Hire a Professional Accountant for Your Small Business

Only a small percentage of small businesses work with professional accountants. The rest are making a huge mistake! Poor accounting practices are one of the top reasons why small businesses run into cash flow issues and eventually have to close shop. While tackling your own accounting may help you save money upfront, going at it alone can cost you big in the long run. Here are some simple reasons to consider hiring a professional accountant for your small business.

Tax Laws Are Always Changing
One of the main reasons why small business owners hire accountants is to help with tax preparation. Navigating the complexities of small business taxation can be a major headache if you don’t know what you’re doing. On top of this, tax laws are constantly changing, and you likely don’t have the time or mental bandwidth to stay on top of the yearly adjustments made by the IRS.

For example, the IRS reintroduced form 1099-NEC last year to replace the use of form 1099-MISC for reporting payments to non-employees. This is important if you paid freelancers for work during the 2020 tax season. Knowing which forms to send out to your contract workers can be confusing, but a great CPA can clear things up for you. 

Small Mistakes Can Have a High Cost

Overlooking important tax laws can be costly. Even common tax mistakes — misreporting income, overlooking carryovers, failing to attach required forms — can cost you a lot of money in missed benefits or put your business at risk of an audit. Working with a professional accountant will help you avoid these problems completely. Licensed accountants go through specialized certification programs and pursue ongoing education throughout their careers, so they have what it takes to steer clear of mistakes. Fortunately, it’s easy to hire qualified accountants through online job boards where you can look over reviews of their work and consider costs (an accountant hourly rate is typically $12-$32 per hour).

A CPA Will Save You Countless Hours

Beyond help with tax preparation, a CPA can handle various other aspects of small business financial management including managing payroll, tracking expenses, and monitoring cash flow. Doing these tasks yourself will take a lot of time away from other important parts of your business. Hiring a CPA can also save you a lot of time if you get audited! Tax audits are incredibly stressful and time-consuming, so it’s best to leave this frustrating process to an accountant.

You’ll Receive Invaluable Support and Advice

One of the best things about working with an accountant is the opportunity to solicit support and advice. Michelle Cornish explains that a CPA can guide you through big financial decisions, help you formulate a business plan for your startup, and navigate your funding options if you need to apply for a business loan. This will take a great deal of stress off your shoulders!

CPAs are financial experts, so they make ideal consultants when it comes to business finances. This is a good reason why it pays to hire a CPA over a tax preparer. Unlike CPAs, tax preparers are unlicensed and only required to hold a high-school diploma at minimum. They often lack the robust financial skills and expertise of a qualified CPA, so they won’t be able to offer the sound financial advice you need to grow your business.

When you run a small business, you have to do a lot of things yourself. Learning to wear many hats and juggle multiple business roles is all part of the fun! But there are some tasks that are best left to the professions, accounting included. Do yourself and your business a favor by hiring a professional accountant right from the start!


Chelsea Lamb's network includes Business Pop Net
a most useful website for small business owners

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Need to reevaluate your business’s marketing strategies?
Plackett Enterprises can help you grow your business
with creative solutions! 360-589-6979








Covid Spawns Permanent Work At Home Mode








According to a recent study written up by Andy Medici amedici@bizjournals.com)  64% of some 3,000 employees would rather work at home than get a $30,000 raise out of 45 companies polled. “About 64% of Amazon workers who answered the question preferred permanent work from home, as well as 62% of Microsoft employees and 67% of Google employees. Apple employees would rather take permanent work from home over $30,000 more at 69%, and Salesforce employees at 76%.”
 
While many of our readers own and operate their own businesses, many still work for other employers as well. There are a variety of benefits to working at home including a very short commute to the work site, more control of your work schedule, increased time doing the things you like either family related or with hobbies. It may be time for you to review your work/career. What is it that you really want out of that time? Is it time to start your own home based business, or teaming up with some other people to start your own business where you can work the majority of your time at home?
 
The Covid 19 Pandemic has already changed a lot in American society, and we will continue to see ripples in the way we work, live and play for years to come. For many of the people I listen and talk to, the importance of making your own choices has been indelibly highlighted during this time.
 
Certainly, many of the work related tools needed to be creative and productive in a home work environment have been strengthened over the last year. I expect many more productive strides to occur as more and more American and worldwide workers discover how to make home and office a singular productive place. And while it is not for everyone, the choices are certainly easier to make these days than they were a few years ago. Take a look.

Mark and Holly Plackett



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On our Website, www.plackettenterprises.com our
Slideshow of Business Cards
is on our Home Page
and it appears at the top of every page on our website!
Thank you to our business friends who now have their Business Cards on our Slideshow! Cool!

We want to add your business card to our SlideShow and promote your business on our website!
Please go to our website for details -