Visionating

Visionating Empowering professional practice owners to create a thriving business while focusing on family. Not a CPA firm and no assurances are implied

06/04/2026

Ever have one of those days where you’re waiting for pigs to sprout wings and cash to drizzle from the sky? Yeah, me too. But most days, it’s all about rolling up your sleeves and making it happen. So, what’s today looking like for you—magic or hustle?

When you have your • Vision• Mission• Values• Program/Package NamesYou can more easily talk about the activities you do ...
05/30/2026

When you have your
• Vision
• Mission
• Values
• Program/Package Names
You can more easily talk about the activities you do in a way that connects the dots. It keeps the messaging and marketing clear and cohesive. It also makes it easier to set goals around them, so they align with the overall strategy. This leads to better budgeting with sustainability and transparency from the start.

𝗦𝗶𝗺𝗽𝗹𝗶𝗳𝗶𝗲𝗱 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗥𝘂𝗹𝗲𝘀:Under the Tax Cuts and Jobs Act (TCJA), businesses that meet the gross receipts test (less th...
05/30/2026

𝗦𝗶𝗺𝗽𝗹𝗶𝗳𝗶𝗲𝗱 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗥𝘂𝗹𝗲𝘀:
Under the Tax Cuts and Jobs Act (TCJA), businesses that meet the gross receipts test (less than $25M) can treat inventory as:
Non-incidental materials and supplies, or
Deduct inventory when it is sold or when it is used/consumed (whichever is later).
This means small businesses do not need to formally track inventory under traditional accrual accounting rules.
What this means for you: it's not necessary to track the merch from purchases>to>sale. Example:

2025
Purchase 10 t-shirts for $10 each on June 2
SUPPLIES expense $100
CASH
Sell 5 t-shirts for $25 each on July 4th
Cash $125
SALES $125
Net Income for 2025 $25
2026
No expense
Sell 5 t-shirts for $25 each on Jan 30th
Cash $125
SALES $125
Net Income for 2026 $125

Over all of time net income is (10*$25 =$250) - (10*$10=100) = $150
2025 net income $25
2026 net income $125

If you wanted to take the energy to make the net income $75 for each year (like you would expect), then you could use Schedule C, Page 2, Part III Cost of Goods Sold (but it's a lot of administrative work for not so much tax difference... so that's why the IRS came up with the simplified version):

05/28/2026

Bookkeeping may be challenging, but the rewards are worth it! By keeping accurate records and making informed decisions, you can help your organization grow and thrive. Let us help you embrace the journey.

05/28/2026

Bookkeeping for professional service providers may be challenging, but the rewards are worth it! By keeping accurate records and making informed decisions, you can help your organization grow and thrive. Let us help you embrace the journey.

Any nonprofit needs a minimum of 3 Months Operating Reserves. How much do you have?
05/23/2026

Any nonprofit needs a minimum of 3 Months Operating Reserves. How much do you have?

05/23/2026
I want to talk about  #5 in this blog: Personality Differences.  My husband, Milan, & I have a great ying-yang in many a...
05/21/2026

I want to talk about #5 in this blog: Personality Differences.

My husband, Milan, & I have a great ying-yang in many aspects. He's an introvert & I'm an extrovert; he's a night owl & I'm a morning person; he's more of a spender and I tend to be a saver.

These differences have made us better partners in both marriage and business. But without AGREED UPON PRIORITIES, they could result in more stress than success. A top value of MinjaSound is Education. So when a great web series came up, both of us knew the outcome would be to spend the cash rather than save it. There was a discussion about timing, but knowing the vision, mission, and values allowed us to prioritize the spend.

What is your story about money and a partnership?

Discover 10 crucial money tips for a blissful marriage! Ensure your financial readiness and happiness. Expert advice for a harmonious life together

If you could have just one wish granted for your business today, what would it be?
05/21/2026

If you could have just one wish granted for your business today, what would it be?

Get out there & fail 9000 times! https://youtu.be/u_ktRTWMX3M"Don't Just Survive, Thrive with  !    "Don't Just Survive,...
05/16/2026

Get out there & fail 9000 times! https://youtu.be/u_ktRTWMX3M

"Don't Just Survive, Thrive with ! "Don't Just Survive, Thrive with !

467K likes, 12K comments. "Arnold Schwarzenegger 2018 - The speech that broke the internet - Most Inspiring ever"

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