LM Taxes And Accounting Services Terrell TX

LM Taxes And Accounting Services Terrell TX Bookkeeping services, Business formation & notary services.

LM Taxes & Accounting Services LLC brinda servicios profesionales de impuestos y contabilidad para individuos y negocios. / We provide professional tax preparation & including ITIN Application.

📋 Changed Jobs? Don’t Forget About Your Retirement Account.A retirement account from a previous employer should not be i...
07/15/2026

📋 Changed Jobs? Don’t Forget About Your Retirement Account.

A retirement account from a previous employer should not be ignored.

Depending on your situation, you may have options such as:

✅ Leaving the money in the existing plan
✅ Moving it to another eligible retirement plan
✅ Completing a rollover
✅ Taking a distribution

But be careful: withdrawing money or moving it incorrectly may create taxes, penalties or reporting requirements.

The IRS also requires many retirement account owners to begin taking Required Minimum Distributions—commonly known as RMDs—once they reach the applicable age.

Before moving or withdrawing retirement funds, understand the potential tax consequences.

LM Taxes & Accounting Services can help you review the tax side of your decision.

📍 211 E Moore Ave, Terrell, TX 75160
📞 (214) 762-6986

💬 Do you still have a retirement account from a previous job?

🚨 Self-Employed? Your Business Can Help You Build Your Retirement.Many business owners focus on today’s expenses and tax...
07/12/2026

🚨 Self-Employed? Your Business Can Help You Build Your Retirement.

Many business owners focus on today’s expenses and taxes—but forget to prepare for their own retirement.

Depending on your business and circumstances, retirement plan options may include:

🔹 SEP plan
🔹 SIMPLE IRA
🔹 401(k) plan
🔹 Traditional or Roth IRA

A retirement plan may help you:

✔️ Save for your future
✔️ Create potential tax advantages
✔️ Offer benefits to eligible employees
✔️ Strengthen your long-term financial strategy

Not every retirement plan works the same way. Contribution rules, eligibility requirements and tax treatment can vary.

Before selecting a plan, understand how it fits your business and financial goals.

📞 (214) 762-6986
📍 LM Taxes & Accounting Services — Terrell, Texas

💬 Business owners: Have you started planning for your own retirement?

💰 Are You Planning for Retirement—or Just Hoping for the Best?Retirement planning is not only about saving money. It is ...
07/11/2026

💰 Are You Planning for Retirement—or Just Hoping for the Best?

Retirement planning is not only about saving money. It is also about understanding how different retirement accounts may affect your taxes today and in the future.

The IRS provides information about tax-advantaged options such as:

✅ Traditional IRA
✅ Roth IRA
✅ 401(k) plans
✅ SEP plans
✅ SIMPLE IRA plans

The right option depends on your income, employment situation, business and long-term financial goals.

Starting early gives your money more time to grow—and helps you prepare for the future with greater confidence.

At LM Taxes & Accounting Services, we can help you better understand the tax considerations connected to your retirement planning.

📍 211 E Moore Ave, Terrell, TX 75160
📞 (214) 762-6986

💬 Have you already started saving for retirement?

🚨 New IRS Update: Automatic Penalty ReliefThe IRS announced a new process called Automatic Exemption from Penalty (AEP)....
07/09/2026

🚨 New IRS Update: Automatic Penalty Relief

The IRS announced a new process called Automatic Exemption from Penalty (AEP).

This means eligible taxpayers with a strong history of filing and paying on time may receive certain penalty relief automatically — without having to formally request it.

This relief may apply to penalties such as:

✅ Failure to file
✅ Failure to pay
✅ Failure to deposit

However, not everyone qualifies, and taxpayers may still owe taxes, interest, or penalties not covered by this relief.

At LM Taxes & Accounting Services, we help individuals and businesses understand IRS notices, penalties, and tax compliance requirements.

📍 211 E Moore Ave, Terrell, TX 75160
📞 (214) 762-6986

Source: IRS.gov

Thinking about launching your business?Here’s a simple checklist inspired by IRS guidance:✅ Choose the right business st...
07/08/2026

Thinking about launching your business?

Here’s a simple checklist inspired by IRS guidance:

✅ Choose the right business structure
✅ Apply for an EIN (Employer Identification Number)
✅ Keep organized financial records
✅ Understand your federal tax responsibilities

Starting with the right plan can help you avoid costly mistakes later.

At LM Taxes & Accounting Services, we help entrepreneurs start strong and stay compliant.

📞 (214) 762-6986

One of the questions we hear most often is:“Should I start an LLC?”The answer depends on your business goals.According t...
07/01/2026

One of the questions we hear most often is:

“Should I start an LLC?”

The answer depends on your business goals.

According to the IRS, every business structure comes with different tax responsibilities and legal requirements. Choosing the right one is an important first step for any entrepreneur.

Before registering your business, understand:

✔️ Tax implications
✔️ Legal responsibilities
✔️ Startup costs
✔️ Administrative requirements

The right choice today can save you time, money, and headaches tomorrow.

📩 Need guidance? We’re happy to help.

✨ One last round of applause for our incredible Spark Supporters! 🇺🇸🎆Thank you for helping make Freedom Fest possible an...
07/01/2026

✨ One last round of applause for our incredible Spark Supporters! 🇺🇸🎆

Thank you for helping make Freedom Fest possible and for supporting a celebration our community can enjoy together. We couldn't do it without you!

Now it's time to celebrate! ❤️🤍💙 We'll see everyone THIS SATURDAY in Historic Downtown Terrell for an unforgettable night of live music, family fun, and fireworks. Let's party and celebrate America's 250th birthday together! 🎇🎉
Make sure to bring your lawn chairs!!!
Film Alley
Circle B Construction
Trinity Valley Electric Co-op
LM Taxes And Accounting Services Terrell TX
Intex Electric
STAR Transit

🚀 Thinking About Starting a Business?Starting a business is exciting—but the decisions you make before opening your door...
06/30/2026

🚀 Thinking About Starting a Business?

Starting a business is exciting—but the decisions you make before opening your doors can shape your future.

One of the first recommendations from the IRS is to choose the right business structure, because it affects your taxes, legal responsibilities and how your business grows.

Whether you’re planning to become a:

✅ Sole Proprietor
✅ LLC Owner
✅ Partner
✅ Corporation

Don’t guess—start with the right foundation.

At LM Taxes & Accounting Services, we’re here to help you make informed decisions from day one.

📍 211 E Moore Ave, Terrell, TX 75160
📞 (214) 762-6986

💬 What’s your dream business? Tell us in the comments!

📋 Antes de abrir un negocio, revisa esta lista:✅ Elegir la estructura adecuada✅ Solicitar tu EIN (Employer Identificatio...
06/26/2026

📋 Antes de abrir un negocio, revisa esta lista:

✅ Elegir la estructura adecuada
✅ Solicitar tu EIN (Employer Identification Number)
✅ Mantener registros organizados
✅ Conocer tus responsabilidades fiscales

El IRS recomienda preparar estos aspectos desde el inicio para evitar problemas futuros. (IRS)

Recuerda:

La organización que tengas el primer día puede ahorrarte tiempo, dinero y dolores de cabeza más adelante.

📞 Si estás pensando en abrir un negocio, podemos orientarte.

211 E Moore Ave
Terrell TX 75160
214-762-6986

❓ Una de las preguntas que más recibimos:“¿Debo abrir una LLC?”La respuesta depende de tu situación.El IRS recuerda que ...
06/25/2026

❓ Una de las preguntas que más recibimos:

“¿Debo abrir una LLC?”

La respuesta depende de tu situación.

El IRS recuerda que cada estructura empresarial tiene diferentes requisitos fiscales y legales. (IRS)

Una LLC puede ofrecer ventajas importantes para muchos emprendedores, pero no siempre es la mejor opción para todos.

Antes de registrarte, asegúrate de entender:

✔️ Costos
✔️ Impuestos
✔️ Responsabilidades
✔️ Obligaciones administrativas

💬 ¿Tienes LLC o estás pensando en abrir una?

Address

211 E Moore Avenue
Terrell, TX
75160

Opening Hours

Monday 10am - 5pm
Tuesday 10am - 5pm
Wednesday 10am - 5pm
Thursday 10am - 5pm
Friday 10am - 5pm
Saturday 10am - 3pm

Website

Alerts

Be the first to know and let us send you an email when LM Taxes And Accounting Services Terrell TX posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to LM Taxes And Accounting Services Terrell TX:

Shortcuts

Share

Category