Commerce CPA, LLC

03/03/2022

Answers to Basic Tax Questions Part 2!

We answered questions like:

“Do I have to include any of the stimulus checks in my tax form?”

“If I haven’t worked in the last year, do I still have to file taxes?”

“Do I even make enough money to pay taxes?”

and more! — 💭 Have a question that didn’t get answered?

Comment below or send us a DM + we’ll answer it for you!
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03/02/2022

We’re on Twitter also! Today we created a thread featuring some basic tax questions. Swipe through.

If you have a question that we didn’t answer — please ask it below.
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03/01/2022

Consistency and Discipline are all it takes.

And to remain consistent and disciplined you need to eliminate any and ALL distractions.

Right now you need to be FOCUSED.

Commit to building you and your skills.
Commit to your progression.

Is your daily routine pushing you in the direction of where you want to go?

If your answer is no— reassess and execute different.

Over and over again until you get it.

Don’t quit.
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02/25/2022

Did you pay for Childcare in 2021?

Along with other tax changes, the “child and dependent care tax credit” was expanded in several ways.

This credit expansion could reach more people than ever before. — In other words, make sure you check and see if you qualify even if you were unable to get the tax break in the past!

This credit, “child and dependent care tax credit” (which is different from child tax credit) generally gives parents some help covering the cost of care for children under age 13 or adult dependents.

Wanna know if you qualify for this credit? Send us a DM or click the link in our bio to schedule a consult with us.
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02/17/2022

During a TV appearance, Gov. Jared Polis said Colorado will start accepting cryptocurrencies for and other payments to the state by the end of the summer.

Major points from his appearance:

- Colorado wants to accept payment in a wide variety of for consumer convenience just like credit cards.

- Colorado is looking for companies to handle the actual crypto .

- Colorado does not want to take the risk of holding crypto, which is why they will have a transactional layer.

: As a Colorado congressman in 2014, Gov. Polis was one of the first U.S. politicians to accept campaign donations in
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02/11/2022

To those who Traded Cryptocurrency for the first time last year: Take your Tax Prep seriously!!!

With the IRS zooming in on cryptocurrency reporting the last thing you want is to lose money and time reconciling your tax liability.

In today’s post you’ll learn how crypto is generally taxed and the best ways to prepare 📝

If you have additional questions, click the link in our bio and schedule a time to chat with us.
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02/10/2022

Tax season is here — let’s talk cryptocurrency taxes.

More than a quarter of American investors now hold some Bitcoin and 55% of them began investing in crypto in the last 12 months.

With crypto investing becoming more popular— it’s naturally bringing new complications.

The above slides give you further information on what you need to know about cryptocurrency and paying taxes.

We answered questions like this:

- What triggers cryptocurrency taxes?
- What do you owe when you sell or trade cryptocurrency?
- Can you harvest your crypto tax losses?
- What happens when you buy something with crypto?
- What about money you earn in crypto?

If you have any additional questions please comment below, or send us a DM.

Interested in crypto tax services? Book a call with us. Link in bio.
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01/03/2022

Here's some motivation for your Monday from Commerce CPA LLC

01/02/2022

Entrepreneurship: Selling a small business can be emotionally and intellectually difficult, but it's far from impossible. Tips via

Key points of reflection that will help determine if this is the right time to cash in on your business brainchild.