TQ Financial Services LLC

TQ Financial Services LLC Our objective is to help our clients gain an understanding of the financial services that we offer s

07/15/2026

Hiring your kids can be one of the most effective tax planning strategies for the right business—but it’s not as simple as putting them on payroll.

The key is making sure they’re performing legitimate work, earning a reasonable wage, and that you have the proper documentation to support everything. Job descriptions, timesheets, payroll records, and proof of payment can make all the difference if the IRS ever asks questions.

When done correctly, this strategy can create meaningful tax savings while teaching your kids valuable work and financial skills.

Follow for more practical tax planning strategies every business owner should know.

Myth: Just put the car in the business name.Not so fast.Putting a vehicle in your business’s name doesn’t automatically ...
07/13/2026

Myth: Just put the car in the business name.

Not so fast.

Putting a vehicle in your business’s name doesn’t automatically save you money on taxes. In some cases, insurance costs may even be higher. You can still claim legitimate business vehicle deductions without transferring ownership to your business, so putting the vehicle in the business’s name isn’t always necessary.

The right decision depends on your specific situation—not a one-size-fits-all rule.

Follow for more practical tax planning strategies every business owner should know.

07/08/2026

An LLC is a great step for protecting your business.

But here’s the mistake a lot of business owners make…

They assume that simply forming an LLC automatically lowers their taxes.

It doesn’t.

Real tax savings come from having the right tax structure and implementing strategies that make sense for your business—not just filing paperwork with the state.

Don’t confuse creating a business with creating a tax strategy.

Follow for more practical tax planning strategies every business owner should know.

🚫 Tax Myth MondayMyth: Every LLC saves money on taxes.Not true.An LLC is a legal structure—not a tax strategy. Whether y...
07/06/2026

🚫 Tax Myth Monday

Myth: Every LLC saves money on taxes.

Not true.

An LLC is a legal structure—not a tax strategy. Whether you actually save on taxes depends on how your business is structured, how much you earn, and the tax elections you make.

The right strategy can make a big difference. Simply forming an LLC usually doesn’t.

Follow for more practical tax planning strategies every business owner should know.

07/01/2026

Ignoring a letter from the IRS is one of the worst mistakes you can make. Most tax issues don’t get better with time—they usually become more expensive and more difficult to resolve.

If you’re not sure what the notice means or how to respond, don’t ignore it. Reach out to a qualified tax professional who can help you understand your options before the situation gets worse.

🚗 Have you heard this one?“You have to put the vehicle in the business name to get the tax deduction.”👍 True
🤔 FalseThis...
06/25/2026

🚗 Have you heard this one?
“You have to put the vehicle in the business name to get the tax deduction.”
👍 True
🤔 False
This week’s TQ Talks covers one of the most common tax myths business owners hear online.
We’re discussing business use, mileage tracking, actual vs. standard mileage deductions, depreciation, Section 179, bonus depreciation, and why putting the vehicle in the business name isn’t the magic tax strategy many people think it is.
Drop your answer below.
🎙️ Listen now on Apple Podcasts, Spotify, Amazon Music, SoundCloud, or wherever you get your podcasts.

 
 
 


Just Add a Business Meeting and Write It Off, Right?Not so fast.One of the biggest tax myths business owners believe is ...
06/18/2026

Just Add a Business Meeting and Write It Off, Right?

Not so fast.

One of the biggest tax myths business owners believe is that adding a meeting to a vacation automatically makes the trip deductible.

In this episode of TQ Talks, we’re breaking down:
✈️ What qualifies as business travel
📋 What records you should keep
🚩 Common mistakes business owners make
💰 Which travel expenses may actually be deductible

Before you book your next trip expecting a tax write-off, make sure you know the rules.

🎙️ Listen now.

If you’ve ever heard someone say, ‘Just put your kids on payroll,’ this episode is for you.Hiring your children can be a...
06/11/2026

If you’ve ever heard someone say, ‘Just put your kids on payroll,’ this episode is for you.

Hiring your children can be a legitimate tax strategy for some business owners—but it’s not as simple as cutting them a paycheck and calling it a deduction.

In this episode of TQ Talks, we break down what the IRS expects to see, common mistakes business owners make, and how to determine whether hiring your kids makes sense for your business.

Before you make a move based on advice from social media, friends, or that guy at the networking event, make sure you understand the rules.

🎙️ Listen now to TQ Talks – We Talk Taxes 365.

Your friend’s salary isn’t your salary.One of the biggest mistakes S-Corp owners make is assuming there’s a magic number...
06/04/2026

Your friend’s salary isn’t your salary.

One of the biggest mistakes S-Corp owners make is assuming there’s a magic number everyone should pay themselves.

There isn’t.

In this week’s TQ Talks, we’re breaking down reasonable compensation, what it means, and why getting it wrong can create problems.

🎙️ Listen now.

NEW PODCAST 🚨🔔Everybody says:“You need an S-Corp.”But what they DON’T explain is whether your business is actually ready...
05/29/2026

NEW PODCAST 🚨🔔

Everybody says:“You need an S-Corp.”

But what they DON’T explain is whether your business is actually ready for one.

In this episode, we break down:• when an S-Corp can make sense• when it probably doesn’t• the payroll and compliance responsibilities that come with it• and the biggest misconceptions business owners have about “saving money” with an S-Corp

Because electing S-Corp status isn’t a magic fix — it’s a strategy. And timing matters.

Listen now if you’re trying to figure out whether an S-Corp is actually the right move for your business.

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450 North Park Road Suite 302
Hollywood, FL
33021

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Monday 9am - 8pm
Tuesday 9am - 8pm
Wednesday 9am - 8pm
Thursday 9am - 8pm
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