The Tax Firm

The Tax Firm Just know, Ima get it!!

HAPPY SATURDAY🤩🤩🤩‼️HERES A TAX TIP ON A FEW AUDIT TRIGGERS‼️💰Home office deductions (showing separation exactly what you...
12/19/2022

HAPPY SATURDAY🤩🤩🤩

‼️HERES A TAX TIP ON A FEW AUDIT TRIGGERS‼️

💰Home office deductions (showing separation exactly what you use for your office vs home)
💰Do not round all your business expense numbers example: 2500 or 2550
💰Owning a cashed based business. NOT TRACEABLE❌❌
💰Reporting a high volume of cash transaction for your business. CASH IS NOT TRACEABLE(this can always hurt you if you’re trying to PURCHASE A HOME❌❌
💰Cryptocurrency Or other digital currency transactions.

Being thorough and keeping track of what you’re paying throughout the year will help save you from being AUDITED💫💫SO KEEP ALL YOUR RECEIPTS🙌🏽 Another tip☝🏽! Make copies of your receipts so you can have them on sheets of paper because after a while they will fade then you can hardly make out what’s on it!!

Follow me for more tax tips!!🙌🏽🙌🏽💪🏽🤞🏽

✨TAX TIPS✨ 🚨BREAKING NEWS🚨 If you have a STANDARD cash app and never switched over to busine...
12/12/2022

✨TAX TIPS✨
🚨BREAKING NEWS🚨



If you have a STANDARD cash app and never switched over to business account— cash app will NOT report your income to the IRS‼️

📍Sending or receiving money between friends and family to pay for dinners, split bills, or send gifts won’t be reported to the IRS‼️

📍Examples of income that’s not required to be reported to the IRS:

✅ Child Support
☑️ Alimony
✅ Gifts
☑️ Inheritance
✅ VA Compensation Pay (Military Veterans)
☑️ Charitable donations

🚨Meaning it’s NOT earned income🚨

📍Those of you who have an upgraded Cash app for a Business account, Cash App will only issue a Form 1099-K, if your business has $600 or more in gross sales in the 2022 tax year.

📍If you use Cash App to sell goods or services, cash app recommend that you upgrade to a Cash for Business account to ensure accurate tax reporting‼️

https://calendly.com/thetaxfirm/30min

Contact Info: ⬇️ ⬇️ ⬇️

✨TAX TIPS✨Is it better to file “Single” OR “Head Of Household??GREAT QUESTION!!!➡️ Head of household filing status has a...
12/12/2022

✨TAX TIPS✨

Is it better to file “Single” OR “Head Of Household??

GREAT QUESTION!!!

➡️ Head of household filing status has a more favorable standard deduction amount and lower tax brackets than filing single, but not as favorable as married filing joint. Head of household filers can have a lower taxable income and greater potential refund than when using the single filing status.🤑

The more you Know!!!

Free Client Consultation: https://calendly.com/thetaxfirm/30min

12/01/2022

May your day be filled with good thoughts, kind people, and happy moments!!

Have an amazing day!!🤗

Perfecting my craft!!🤗🤗…..
11/30/2022

Perfecting my craft!!🤗🤗…..

Night Night!!🌙
11/30/2022

Night Night!!🌙

✨THE TAX FIRM✨The Tax Firm is a full-service income tax preparation company specializing in the preparation of individua...
11/30/2022

✨THE TAX FIRM✨

The Tax Firm is a full-service income tax preparation company specializing in the preparation of individual and self-employment tax returns. We are committed to maintaining the highest standards of integrity and professionalism in our relationship with our clients. We endeavor to know and understand your financial situation and provide you with only the highest quality information, services, and products to help you reach your goals.
Our goal is to help you plan to minimize your tax burdens and show you solid and sound ways to, not only grow your business, but to keep you in compliance with ever growing tax laws. Whether it’s helping you receive your maximum refund you deserve or assisting you with credit restoration needs, our tax professionals are committed to getting you the best results quickly and accurately. We give you the tools to meet your short and long term financial goals so that you can retire and live your dreams today and tomorrow for you, and for the protection of your family.

We are dedicated to serving and representing you, our client, in the best most efficient manner and allowing you to learn what part you can do to make it all work more smoothly, so you gain the peace of mind, daily, of knowing you are on the right road to success, in all areas of your business, personal, and family tax, estate, and financial matters.

🚨FOR APPOINTMENTS🚨

Inbox Me OR
☎️804-616-2407
📧[email protected]

✨TAX TIPS✨Americans who earn AT LEAST $600 a year through PayPal will have to report their transactions to the IRS, the ...
11/30/2022

✨TAX TIPS✨

Americans who earn AT LEAST $600 a year through PayPal will have to report their transactions to the IRS, the agency said today, failure to comply with the NEW RULE, could result in an audit!!!

Inbox or call for more info!!
☎️804-616-2407
📧[email protected]

11/29/2022

🗣️I speak prosperity over my life!!
🗣️I speak peace over my life!!
🗣️I speak joy over my life!!
🗣️I speak abundance over my life!!
🗣️I speak growth over my life!!
🗣️I speak healing over my life!!
🗣️I speak good health over my life!!
🗣️I speak abundant clientele over my businesses!!
🗣️I speak prosperity over my businesses!!

I SPEAK LIFE INTO ME AND EVERYDAY I AM GRATEFUL!!🤌🏽🫶🏽✨

Address

Richmond, VA
23060

Opening Hours

Monday 10am - 7pm
Tuesday 10am - 7pm
Wednesday 10am - 7pm
Thursday 10am - 7pm
Friday 10am - 7pm
Saturday 10am - 2pm

Telephone

(804)2324564

Website

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