Taxes by Daisy

Tax Strategist • IRS Tax Practioner • I help small businesses stay compliant, grow and maximize profits! Contact me for a free consultation @ 407-960-3652.

08/07/2026

Market volatility can make even the most confident investor question their plan. 📈

While markets may feel unpredictable in the short term, history has shown that staying focused on a well-planned, long-term strategy can help investors navigate uncertainty and pursue steady growth over time.

Swipe through for a few important reminders about:
✦ Why market fluctuations are normal
✦ The potential cost of reacting emotionally
✦ How missing key recovery days can affect returns
✦ Why time and compounding matter

The goal is not to predict every market move. It is to build a strategy that supports your long-term priorities and helps you remain focused when conditions change.

Questions about your current approach or whether it still aligns with your goals?
📞 407.960.3652
🌐 CohnLopez.com

Save this post for the next uncertain market day, and follow and for more tax and financial guidance.

Investing involves risk, including the possible loss of principal. This post is for general educational purposes and does not constitute individualized investment advice.

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Follow and for practical tax and small-business guidance.
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08/05/2026

How should I pay myself as a business owner? 💼

It sounds like a simple question, but the answer depends on how your business is structured.

A sole proprietor may take an owner’s draw, partners may receive guaranteed payments or distributions, and an S corporation owner who works in the business generally needs to receive reasonable compensation through payroll.

Swipe through for a general breakdown by business type.

No matter your structure, a few habits can help keep your records clean and reduce tax issues:

✦ Keep owner payments separate from business expenses
✦ Document how compensation is determined—especially for S corporation owners
✦ Revisit your approach as your income, responsibilities, or business structure changes

Not sure whether the way you are currently paying yourself still makes sense? Let’s review it before it becomes a tax-time concern. 📲

🚨 Please Note: This post provides general information. Your specific tax treatment will depend on your individual circumstances 🚨

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🌐 CohnLopez.com
Follow and for practical tax and small-business guidance.

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08/03/2026

Small side gig? Don’t ignore it at tax time. 💸✨

One of the biggest myths about side income is: “It wasn’t that much, so I probably don’t need to report it.” 📣Not always! 📣

Even if your earnings feel small, side gig income can still matter — especially if you received a 1099, were paid through an app, freelanced, picked up seasonal work, or earned money outside of a regular W-2 job.

For 2026, you may not have to file a federal return if your total income is below the standard deduction and nothing else requires you to file. But here’s the part many people miss: if your side gig earns $400 or more after expenses, you may still need to file because of self-employment tax.

That means a small summer gig, weekend hustle, or occasional freelance job can come with its own filing rules.

A little planning now can help you avoid a bigger headache later. 📌

Have questions about your side gig income or whether you need to file? Let’s talk it through before tax season sneaks up.

📲 407-960-3652
🌐 CohnLopez.com

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Follow for more tax tips: +

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07/31/2026

✨ NEW SERVICE ANNOUNCEMENT ✨

Planning for the future is not always the easiest conversation to start, but it is one of the most meaningful.

We are excited to now offer Trust & Will Services to help clients create a plan that protects their wishes, their assets, and the people they love.

Whether you are a homeowner, parent, caregiver, business owner, part of a blended family, or simply someone who wants their wishes clearly documented, having the right plan in place can bring peace of mind today and clarity for tomorrow.

Swipe through for a closer look at why trust and will planning matters — and who may benefit from taking this step. ➡️

Your future plans deserve more than a last-minute decision. Let’s help you plan with confidence.

Follow for more tax, trust, and planning tips: +

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📲 407-960-3652
🌐 CohnLopez.com

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07/29/2026

Turning 50 this year? First of all… happy milestone year. 🎉

But from a tax and retirement planning perspective, this birthday can also come with an important opportunity: catch-up contributions. 💸

Starting in the year you turn 50, you may be eligible to contribute above the standard annual limits for certain tax-advantaged retirement accounts, including:

🔹 401(k) and other employer-sponsored retirement plans
🔹 Traditional and Roth IRAs
🔹 SIMPLE IRAs

These extra contributions can help strengthen your retirement savings over time through potential tax advantages and compounded growth.

One important update to keep on your radar: Starting in 2026, certain higher-income earners age 50 or older may be required to make catch-up contributions to employer-sponsored plans as Roth, after-tax contributions.

The rules can vary depending on the account type, income, and plan details, so this is a great time to review your retirement savings strategy and see what makes sense for your long-term goals.

Approaching 50? Let’s talk through your options before the year gets away from you.

📲 407-960-3652
🌐 CohnLopez.com

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07/27/2026

Market swings can feel messy… but they can also create planning opportunities. 📉✨

When the market feels uncertain, it is easy to focus only on the headlines. But volatility can also be a good time to pause, review your account mix, and look for tax-efficient strategies that may support your long-term goals.

A few areas worth revisiting may include tax-loss harvesting, account type, retirement planning opportunities, Roth conversion timing, and keeping a long-term perspective before making emotional decisions.

The key is knowing what applies to your tax picture, not just what sounds good online.

Swipe through for a few planning concepts to keep on your radar. ➡️

Thinking about your next move? Let’s talk through your options before you make a decision that could affect your taxes or long-term plan.

Follow for more tax + planning tips: +
📲 407-960-3652
🌐 CohnLopez.com

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07/24/2026

Employee or independent contractor? Let’s clear it up. 👀💼

Worker classification may not sound exciting, but getting it wrong can create a whole lot of payroll, tax, and compliance headaches later.

The way a worker is classified can affect payroll taxes, reporting requirements, benefits, payment structure, and how much control your business has over the work being performed.

In other words, it is not just a “paperwork thing.” It matters.

Swipe through for a simple breakdown of a few key differences between employees and independent contractors — and why proper classification is something every business owner should take seriously. ➡️

Not sure which classification fits your situation? Let’s talk it through before it turns into a bigger issue.

Follow for more tax + business tips: +
📲 407-960-3652
🌐 CohnLopez.com

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07/22/2026

Got an IRS letter? Take a deep breath first. 📬✨

Seeing an IRS notice in the mail can feel stressful, but it does not always mean something is wrong. Sometimes it is a simple request for information, identity verification, a payment reminder, or an account update.

The most important thing? Do not ignore it. Open the letter, review the deadline, keep a copy for your records, and gather any related tax documents.

If you are unsure what the notice means or how to respond, you do not have to figure it out alone. Our team can help review the letter, explain what it says, and guide you through the next steps with clarity.

Received an IRS letter? Send us a copy and let’s handle it together.

📲 407-960-3652

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Follow for more tax tips: +
🌐 CohnLopez.com

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07/20/2026

Can you do your own bookkeeping? Technically, yes. Should you do it forever? That depends. 👀📊

Bookkeeping is one of the first financial systems every business owner needs to get right. In the beginning, tracking income and expenses may feel manageable, but as your business grows, so do the details — payroll, receipts, loans, owner contributions, tax deadlines, and all the little transactions that can add up quickly.

Clean books are more than “just keeping records.” They help you make smarter business decisions, avoid messy tax season surprises, and understand what is really happening with your numbers.

Swipe through for a few things to consider before deciding whether DIY bookkeeping still makes sense for your business. ➡️

Need help setting up your books, organizing your records, or keeping your accounting on track? We’re here to help you build a cleaner system before it gets complicated.

📲 407-960-3652

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Follow for more tax + bookkeeping tips: +
🌐 CohnLopez.com
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07/17/2026

Paycheck check-in time 💸✨

Not sure if the right amount is being withheld from your paycheck? A quick review now can help you avoid surprises later — whether that means a tax bill you weren’t expecting or a refund that didn’t quite line up with your goals.

Swipe through for a simple breakdown of what tax withholding means, when to review it, and when it may be time to make changes. 📌

Life changes like a new job, marriage, divorce, side income, retirement, or even a larger-than-expected refund last year can all be signs that it’s time for a withholding checkup.

The good news? Small adjustments now can make tax season feel a whole lot smoother later.

Need help reviewing your withholding or figuring out your next step? We’re here to help you stay ahead.

📲 407-960-3652
🌐 CohnLopez.com
Follow for more tax tips: +

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Address

2431 Aloma Avenue/#100
Winter Park, FL
32792

Telephone

+14072581302

Website

http://www.CohnLopez.com/, https://linktr.ee/Taxesbydaisy

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