Royalty Tax and Consultant Services

11/17/2025

It’s that time. What time? Tax time. Let me know if you are interested in starting a tax business. Ask about our work from home call center.
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12/28/2021

01/05/2018

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12/29/2017

🚨 5 Ways to Increase Your Tax Refund 🚨

👋🏽 Hey guys! It’s the end of the year and you may be wondering, what can you do to maximize your tax refund or reduce your tax liability for the upcoming tax season. If so, no need to worry or wonder any longer. We got you covered! Below is a list we composed with a few items you may be able to take advantage of:

1. Make a year-end charitable contribution by Dec. 31st, 2017. Be sure to get receipts of your contributions.

2. Pay your child by Dec. 31st, 2017. Give your child a reasonable salary to keep more of your money in house if they've helped with your business in any way. Children are taxed differently and depending on the amount, they may not get taxed at all. If you pay more than half of your child’s expenses, you can still claim them no matter how much you pay them. Also, use proper judgement. If audited, it’s going to be hard to persuade the IRS that your 6-month-old developed your sales funnels and ran your FB Ad campaigns (Child must be 17 or younger).

3. Max out your contribution to your 401K, IRA , or other retirement accounts by Dec. 31st, 2017. IRA contributions can be made as late as April 17th, 2018.

4. Max out your contribution to an Health Savings Account (HSA) by Dec. 31st, 2017 (This option is only available through an employer)

5. Defer your income (one of the most overlooked). I get it! You worked hard, delivered a quality product or service on time, and now you are ready to get paid as soon as humanly possible. I don’t personally know any entrepreneur who would want to have it any other way, however deferring your income into next year could save you hundreds or even thousands of dollars, if it will force you into a higher tax bracket for the year.

✨Note there are many other variables to consider, so feel free to reach out with any questions you may have.

Hurry, Time is Running Out!!!

12/19/2017

🚨2018 Delayed Tax Refunds🚨

Hey guys. If you are expecting a tax refund next year that will include the Earned Income Credit and or the Additional Child Tax Credit, read below:

💵The law requires the IRS to hold the entire refund — even the portion not associated with the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC).

🗓 The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or debit cards starting on Feb. 27, 2018, if direct deposit was used and there are no other issues with the tax return.

✨ Note: If you are not a recipient of the aforementioned tax credits, no delay will be imposed on your refund. The delay only applies to recipients of the of the EITC and ACTC

11/05/2017

Contact Royalty Tax Service Today!

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