dubmac’s mixture of using cloud-based technology and personal care and attention to your business can give you the most optimal in tax planning, tax compliance, bookkeeping and accounting services. dubmac will do this first by taking the time to understand your business, then understanding your business needs.
Understanding your business also gives dubmac the ability to suggest tax or accounting strategies that you may not have considered before.
Once Interactive, Inc.
dubmac determined that the original structure of this business was producing unnecessary self-employment tax, where tax forecasts produced by dubmac using Intuit ProConnect showed tax savings in implementing a new structure. With that, a new entity structure was established to more appropriately reflect a tax-saving salary.
dubmac fulfilled the new entity structure through a business transition with the Secretary of State. In addition, during the Covid-19 pandemic, dubmac also assisted this business in applying for optimal CARES Act loans (EIDL and PPP) and receiving forgiveness on its PPP loan.
Starship Landing Retreat
dubmac, through implementing Quickbooks Online for this business where it assists in monthly review of Quickbooks Online, determined that there were significant capital improvements where a cost segregation analysis would lead to proper contemporaneous documentation and support for the classification of those purchases and ultimately led to significant tax savings.
dubmac coordinated the cost segregation analysis through a specialist within its broad network of professionals that specialize in areas like sales & use tax, international tax, credits/incentives, and transfer pricing to name a few.
dubmac began preparing the tax returns for this business, which then transitioned into preparing the monthly bookkeeping in Xero. The need to then assist the business with its cash flow evolved into monthly budgeting and management presentation that has helped the business’ management in controlling its cash flow better. This can eventually include managing the owner’s personal budget and cash flow using Quicken.
dubmac also assisted this business with a more optimal entity structure, which included incorporating an S-Corporation and LLC dissolution with the Secretary of State. In addition, during the Covid-19 pandemic, dubmac also assisted this business in applying for optimal CARES Act loans (EIDL and PPP) and receiving forgiveness on its PPP loan.
dubmac is an accountancy corporation based in Nevada that provides both tax and accounting services using cloud-based technology. The beauty of its cloud-based service solutions is dubmac can provide you with these services from anywhere and can interact with you in real-time, as if they are another member of your team.
Cloud-based solutions are fluid and ever-changing; at the present time, dubmac utilizes the following solutions to provide its services.
About the Owner
I’m William McCauley, the creator of dubmac. From my earliest days in public accounting, where I worked over a decade at “Big 4” accounting firms and specialized in both the entertainment and tech industries and worked mostly with start-up enterprises, I was always drawn to using technology to improve work products and deliverables. Old school partners of these firms who preferred “print-outs” of anything I needed their sign-off on, to me were still in the stone age. Processes bound by paper and files were archaic. And this was all the way back just after the millennium – boy did I see the future coming!
Well, it did and in a big way – when I started my first accountancy corporation in 2012, I was able to start that using brand new cloud-based technology from Intuit. It was a new thing and on the slow side but it did suffice, allowing me to create a paperless practice. Now, it’s just second nature – you’re going to see (or should be seeing) other service providers using the plethora of cloud-based service solutions available. But, if you’re not – that might be the first thing dubmac helps you transition to.