BFS

10/12/2026

Ask your tax professional about:

- How much you should be setting aside for taxes
- Whether your estimated tax payments need adjusting
- Deductions and tax credits you may qualify for
- Year-end purchases and expenses
- Retirement contributions
- Changes in your income or business
- Tax planning opportunities before year-end

The best time to talk about tax planning is before the year is over, while there’s still time to make decisions.

Save this post and follow our page for more bookkeeping, financial, tax and smart business tips to help you grow your business.

10/07/2026

Hi there! BFS is sending a big thank you to new clients who reached out and to existing clients for repeat business in compliance preparation and filings for the 2025 tax season. Baldwin Financial Services is fully booked for next week's deadline.

Gentle reminder: tax preparation payment is due by the invoice due date, and all tax forms must be submitted before work begins. This applies to new and existing clients. Late payments and late documents will result in late filings.

If you're new here and interested in catch-up bookkeeping and/or catch-up tax services, the window reopens on November 15th. BFS would love to have you! Click the link in the bio and complete the Contact Me section for a complimentary overview call.

10/07/2026

In many cases, a qualifying business loss can reduce taxable income, which may lower your overall tax bill.

However, there are rules that can limit how much of a loss you can deduct in the current year. Some losses may instead carry forward to future years.

Talk with a tax professional to understand how the rules apply to your specific business and tax situation.

This is also why accurate bookkeeping matters.

You need to know your real income, expenses, and profit or loss before you can properly plan for taxes.

10/05/2026

I truly enjoyed the annual Wealth seminar hosted by the Memphis Black Chamber on Friday, October 3rd !

It was a honor to attend with curious business owners from start ups , to stabilized, to scaled businesses .

Here’s a few of my key takeaways!

-How to apply to become a certified vendor with the state of Tennessee
- How to apply as a certified vendor with the City of Memphis
- How to submit your business as a small business enterprise with the City of Memphis
- and the one that took my breath away ..creating a non profit and subcontracting your for profit business as a service provider as an investment strategy. Whew !

-and guess what ..on the capital stack panel , the panelists emphasized CORRECT FINANCIALS, BALANCE SHEET trumps PROFIT and LOSS when it comes to funding evaluation..and the importance of a good accountant!

It’s Q4 - what are you doing to position your business for 2027?

If you don’t have professional bookkeeping services in place , NOW is the time to start inquiring.

If you’re a black owned business in Memphis and not part of the chamber, you’re missing out …and you don’t have to be a member to take advantage of their workshops and seminars! (small fees do apply)

10/02/2026

Excited to be in the room to learn more about business funding and becoming a certified business under Tennessee’s GO BID program!

09/30/2026

Accounts Receivable (A/R) is money customers owe your business for products or services you’ve already provided.

Accounts Payable (A/P) is money your business owes vendors and suppliers for bills you haven’t paid yet.

Why should you pay attention to both?

Because overdue invoices can hurt your cash flow, while unpaid bills can lead to late fees and strained vendor relationships.

Review your A/R and A/P regularly so you know what needs to be collected and what needs to be paid.

Save this post for later and follow our page for more bookkeeping, financial, and smart business tips to help you grow your business.

09/29/2026

09/28/2026

The right timing depends on your business, tax situation, and whether you’re actually ready to start operating.

09/09/2026

BFS recently received PLATINUM pro advisors status in QuickBooks. Congratulations and thanks to the clients that entrust us with their Intuit experience !