About Us
At Reece Accountancy, we're not just about numbers; we're about making your financial life simpler and more profitable. With over 20 years of experience working in CPA firms, I know how to follow a transaction from input to financial statement to tax return. I have a knack for cleaning up accounting messes, and I know how to translate tax jargon into plain English. I like to keep things simple because I believe in the elegance of simplicity.
Whether you're a growing small business or an average middle-class family, I'm here to guide you through the tax maze with ease. Let's make accounting and tax planning something you actually look forward to!
The products and services we offer
Recommendations Received (13)
"Outgoing with her knowledge of taxes and preparation. She is professional and will go to the end..."
Read more
"Outgoing with her knowledge of taxes and preparation. She is professional and will go to the end for her clients. I recommend to all businesses who needs accounting and tax solutions. Monique Reece is the one."
"Monique brings such positive energy to every interaction. Her willingness to help others, even in..."
Read more
"Monique brings such positive energy to every interaction. Her willingness to help others, even in challenging situations, really sets her apart. It’s clear she’s passionate about what she does, and she’s always great to be around."
Products & Services
Monique Reece Accountancy offers accounting, bookkeeping, and fractional CFO services for small businesses.
Monique Reece Accountancy is a certified QuickBooks Online Pro Advisor, with expertise in small business tax and accounting challenges and best pra...
Recommendations Given (5)
"I have recommended Dawn to one of my clients, and I will recommend her to more as the need..."
Read more
"I have recommended Dawn to one of my clients, and I will recommend her to more as the need arises. She is knowledgeable and passionate, and I trust her with my clients."
"Syn will always keep it 100 with you, so if you want someone to blow smoke up your butt, don't go..."
Read more
"Syn will always keep it 100 with you, so if you want someone to blow smoke up your butt, don't go to him. If you want legit results through a legit process, then he's the guy."
Recent Activity
Definitely, the services offered. If they have a niche, then that would be good to know.
What kind of clients are they looking for?
Who is on their team, and what is each person's role and background/area of expertise?
And basic contact information.
(more)
Definitely, the services offered. If they have a niche, then that would be good to know.
What kind of clients are they looking for?
Who is on their team, and what is each person's role and background/area of expertise?
And basic contact information.
2 Replies
There are two things due by the due date, no matter when it is. Those are the return and the payment. Both deadlines have been extended, but I contend that you should still file if you're ready. Reasons for this are:
Your tax preparer would rather you not wait until the last minute. While we...
(more)
There are two things due by the due date, no matter when it is. Those are the return and the payment. Both deadlines have been extended, but I contend that you should still file if you're ready. Reasons for this are:
Your tax preparer would rather you not wait until the last minute. While we have this reprieve from the usual deadline, it doesn't mean that we want to be slammed during the first two weeks of July. Let us enjoy not working 60 hour weeks.
As others have said, you can file the return now and if you owe, pay later. Also, I believe the 2nd quarter estimate is still due 6/15, so if you have to pay estimates, then you need your 2019 return information in order to determine the amount due for the 6/15 estimate.
If you are expecting a refund, then filing earlier is usually better.
And did I mention that we'd enjoy not being crushed in the first weeks of July? Get your stuff together now just because it's the nice thing to do, and your tax preparer will appreciate you more as a client and as a person.
What kind of application are you making? Google Forms is good for some stuff, but it may or may not be useful for you, depending on what you're doing.
(more)
What kind of application are you making? Google Forms is good for some stuff, but it may or may not be useful for you, depending on what you're doing.
It seems obvious that tax laws have the biggest effect on my business. However, even though the laws are more complex, I find that people are trying to do their own taxes more, believing that with the new standard deduction limits, their situation is less complex. While this frustrates me in the...
(more)
It seems obvious that tax laws have the biggest effect on my business. However, even though the laws are more complex, I find that people are trying to do their own taxes more, believing that with the new standard deduction limits, their situation is less complex. While this frustrates me in the moment, I don't argue. I figure I'll see them in a year or so, after they get that notice from the IRS. 😆
I haven't used it personally, but one of my clients used it. It seemed to have worked well. It integrated with their QBO, and at yearend, all the numbers tied with no journal entries needed. From a yearend accounting standpoint, I recommend it.
(more)
I haven't used it personally, but one of my clients used it. It seemed to have worked well. It integrated with their QBO, and at yearend, all the numbers tied with no journal entries needed. From a yearend accounting standpoint, I recommend it.
Yes. They will take your money.
(more)
Yes. They will take your money.
I work fulltime and I have my side business.
(more)
I work fulltime and I have my side business.
My answer is . . . drumroll please . . . it depends. For my small business clients, the sec 199a and increase in special depreciation was huge. One client bought a bunch of used equipment and was able to deduct all of it. For my w2 clients, I had lots of explaining to do as to why they owed...
(more)
My answer is . . . drumroll please . . . it depends. For my small business clients, the sec 199a and increase in special depreciation was huge. One client bought a bunch of used equipment and was able to deduct all of it. For my w2 clients, I had lots of explaining to do as to why they owed more or got less refunded.
It really depends on a few things:
Your needs. I often see businesses with too much software for their needs. They have QuickBooks Enterprise (QBE) when all they need is QuickBooks Pro or Premiere. Or I have clients with Sage 300, when they only need Sage 100. There may be some...
(more)
It really depends on a few things:
Your needs. I often see businesses with too much software for their needs. They have QuickBooks Enterprise (QBE) when all they need is QuickBooks Pro or Premiere. Or I have clients with Sage 300, when they only need Sage 100. There may be some industry-specific considerations as well. For example, I love QBO (QuickBooks Online), but it's not the best with inventory, so if you go that route, you will want to consider pairing it with an inventory app.
Your abilities. I have yet to have a client with complex software who knows how to use it. If you don't understand double-entry accounting, then you should not use a system that requires you to understand double-entry accounting (which is anything more complicated that QuickBooks).
Your comfort level with the cloud. I run my business pretty much all in the cloud, so I use QuickBooks Online and ProConnect online, with a healthy dose of Google Drive and Dropbox. This allows me to access client information from pretty much anywhere. But you have to be comfortable with the cloud and doing stuff online. I am actually really bad with paper, and caution my clients against giving it to me, lest it gets misplaced or torn to shreds by my kitten (yes, that has happened, and I had to scotch tape it back together). If you are intimidated by the cloud, then don't get cloud-based software. Although, if you are intimidated by the cloud, I think you should work on getting over that pretty quick since that's where things are headed.
Additionally, there are budgetary concerns. As I mentioned, you don't want to get too much software, but you don't want to get too little either. You may want something that can grow with you. Especially if you are, say, an owner of multiple small businesses that each have their own LLC.
The best thing to do is to consult your accountant/tax preparer and discuss your needs and options. They should be savvy enough to help you or to refer you to someone who can help you. The worst thing you can do is go on independent ops and just buy something without knowing the possible consequences. Good luck!
2 Replies
I'd say that the difference between a bookkeeper and an accountant is the size of the picture. Bookkeepers tend to deal with the little picture stuff, that is, the transactional level stuff. They do their entries and their reconciliations and keep the books tidy. Accountants tend to deal with the...
(more)
I'd say that the difference between a bookkeeper and an accountant is the size of the picture. Bookkeepers tend to deal with the little picture stuff, that is, the transactional level stuff. They do their entries and their reconciliations and keep the books tidy. Accountants tend to deal with the bigger picture. They pick up where the bookkeepers leave off. They take the transactional detail and use it to create the bigger picture-- a tax return, and/or financial statements, and sometimes advisory stuff. The bookkeeper is a crucial piece to the puzzle because, in order for an accountant to do her best work, she needs a great bookkeeper.
3 Replies
