TLC Tax & Bookkeeping Services LLC

07/17/2026

07/14/2026

Do you earn tips as a barista or in another tipped profession?
The Working Families Tax Cuts includes a new “No Tax on Tips” deduction that may affect the tax treatment of certain tips. Learn who qualifies, what types of tips may be eligible, and what the deduction means for you.

Visit www.irs.gov/wftc for the latest guidance.

07/14/2026

Many people earn extra money from hobbies. But when does a hobby become a business? Learn what the says to consider when determining whether an activity is a hobby or business for tax purposes: https://ow.ly/H69C50Z7lWT

And happy hunting to those headed to the Brimfield Antique Show in Massachusetts!

Brimfield Antique Flea Markets Guide

07/09/2026

The is simplifying penalty relief. The new Automatic Exemption from Penalty, or AEP, is a systemic administrative relief program that provides penalty relief for taxpayers with a history of filing and paying on time. AEP applies to eligible original returns beginning with tax year 2025 and 2026 quarterly returns, as well as future tax periods. https://ow.ly/1KzR50ZlL2N

07/08/2026

The Working Families Tax Cuts Act created Trump Accounts, giving the next generation a head start on the American Dream. Already, 6 million American children have signed up. Thank you President Donald J. Trump for highlighting this critical program!

Get started at: http://trumpaccounts.gov

07/07/2026

You can manage your business taxes from anywhere with your Business Tax Account (BTA). Based on your business structure and role, you may be able to access your business profile, account balance, payments, tax records, authorizations, notices and letters.

Create an account today at www.irs.gov/bta.

07/02/2026

Do you have or thinking about getting short term rentals?

Reminder: register today and join us to learn how you can turn your property into a short term vacation rental!

Tuesday, July 7 @ 12:30 p.m. www.oksbdc.org/july7

07/01/2026

We wish you a safe and blessed 4th of July weekend. We will be open and ready to assist you at 9am July 6th.

06/22/2026

Thinking about starting a business?
One of the most important decisions you’ll make is choosing the right business structure. Whether you’re considering a sole proprietorship, partnership, corporation, S corporation or limited liability company (LLC), each option comes with different tax filing requirements and legal considerations.
Start your business the right way with resources from the : https://ow.ly/5N4l50Z7MAN

06/20/2026

Do you earn income from something you enjoy doing? Whether it’s selling handmade items, photography, consulting, coaching or another activity, it may be important to understand whether it’s considered a hobby or a business for tax purposes.

The shares factors taxpayers should consider when deciding the difference. Learn more: https://ow.ly/H69C50Z7lWT