Tax Plus Financial Services

Taxes, taxes, don't despair! ✨

We're officially open for the season and 100% ready to help you navigate the filing process with ease. Want the most money back?!

Visit us on the web, book your appointment, and let our friendly and experienced team take the weight off your shoulders. 📲

🧡💚🧡Tax Plus Financial Service💚🧡💚
9520 S Halsted Street
Chicago Il 60628
773-941-4235 or 773-840-4790
Get The REFUND You Deserve
www.taxplusfinancialservice.com

5️⃣ Plan for the Future: Tax planning isn't just about this year; it's about the future too. Discuss long-term tax strategies with your tax advisor to minimize your tax burden over time.

4️⃣ Estimated Taxes: Don't forget about quarterly estimated tax payments. Calculate and pay these on time to avoid penalties and interest.

3️⃣ Hire a Professional: Consider hiring a tax specialist or accountant experienced in small business taxes. They can help you find deductions you might have missed and ensure compliance.

2️⃣ Know Your Deductions: Familiarize yourself with eligible business deductions. This includes expenses related to operations, marketing, and home office deductions if you work from home.

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1️⃣ Stay Organized: Keep your financial records well-organized throughout the year. Use accounting software or hire a professional to ensure accurate bookkeeping.

Attention small business owners! Tax season is around the corner, and it's time to get prepared. Follow and join in for a 5 day journey of essential tips to help you navigate tax preparation smoothly.

💼💰 If you're filing taxes with self-employment income, you'll need to pay self-employment taxes, which are calculated based on your net profit (business income minus business expenses)
Let our team of experts support you in navigating self-employment tax reporting and fulfilling your tax obligations.

Happy Grandparents Day!

Make your seasoned loved ones proud, by taking care of the finances you have for generational wealth. ✨

🤝 Expert Advice: Working with a tax professional or accountant can provide valuable advice and expertise when it comes to deductible business expenses. They can help you identify potential deductions you may have overlooked and ensure you're meeting all necessary tax obligations.

⌛️✖️ Ready to take your payroll to the next level? Your employees will love how much easier it is to access self-service portals, view pay-slips, submit leave requests, and update personal information. 🌟💙 So, tell us, have you made the move towards payroll automation yet? What tasks would you automate first? Share your thoughts in the comments below! ⌨️🤔 Let's make your payroll great again and empower ourselves and our employees! 💪💼

📈 Maximizing Deductions: Tracking your business expenses allows you to claim deductions, reducing your taxable income and potentially resulting in a lower tax bill. By keeping accurate records of your expenses, you can identify which are deductible and claim them on your tax return.

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📊 Self-Employment Tax Obligations: As a self-employed individual, you're responsible for paying self-employment taxes, which include both the employer and employee portions of Social Security and Medicare taxes. Reporting your income ensures that you fulfill your tax obligations accurately.

🤝 Don't gamble with your financial future! Did you underpay the IRS this year and don’t understand how they got the numbers they got? The IRS Underpayment of Estimated Tax by Individuals Penalty is calculated based on the tax shown on your original return or on a more recent return that you filed on or before the due date. The tax shown on the return is your total tax minus your total refundable credits.

Contact us if you are in a bind like such!

You deserve the best representation to ensure a positive outcome ✅.

💼 Did you know the most common tax penalty is the late payment penalty (17.6 million taxpayers, $5.1 billion, average $288). Failing to pay taxes by the April deadline is the most common reason taxpayers get IRS tax penalties. The failure-to-pay penalty is 0.5 percent of taxes due each month they go unpaid, maxing out at 25 percent. 📞💼

🚨 You may qualify for penalty relief if you tried to comply with tax laws but were unable due to circumstances beyond your control. Yes, there is a way to have your penalties reduced even after the fact. Discover peace of mind and chat with one of our tax specialists today! We are here to help protect your rights and provide you the support you need and the necessary experience to tackle fraud or evasion charges head-on. 🛡️💼

🔍 Have you or someone you know gone through the legal process regarding tax fraud? Let's promote awareness and understanding. 💬💭
Did you know that criminal Investigations can be initiated from information obtained from within the IRS when a revenue agent (auditor), revenue officer (collection) or investigative analyst detects possible fraud. Information can also be received from the public.

🔍 Have you or someone you know gone through the legal process regarding tax fraud? Let's promote awareness and understanding. 💬💭

Did you know that criminal Investigations can be initiated from information obtained from within the IRS when a revenue agent (auditor), revenue officer (collection) or investigative analyst detects possible fraud. Information can also be received from the public.

💼 Compliance and Regulation: Finance and accounting ensure your business remains compliant with legal and regulatory requirements. From tax obligations to financial reporting standards, adhering to these guidelines is essential for maintaining your reputation and avoiding penalties.

🚨 Keep in mind, you can often contest an IRS penalty, but it's essential to do it quickly and with proper guidance from an experienced.💼 Are you facing an IRS audit or related penalties? Don't face it alone! Consult with our amazing specialist to discuss your options and understand each penalty's potential consequences.

🚨 Don't navigate the turbulent waters of tax audits alone! ⚖️ If a state or IRS audit reveals non-compliance with tax laws, the stakes are high. You could face civil fraud penalties or even charges for tax evasion or fraud 😱. That's where our specialty comes in. Shoot us a message today! 🙅‍♀️💼✅

Oh no! 😱 A failed audit can bring on a whole new level of stress 🤯, with potential additional tax liabilities and even IRS audit penalties 😥💸. Remember, it's crucial to ensure the accuracy of the information on your tax return and provide proper documentation to back it up 📋🧾. Stay ahead of the game and consult one of our professionals to avoid this tax-time nightmare! 🙅‍♀️💼✅

❓ Have you ever faced additional tax claims? What was your experience? Share in the comments section below and remember to consult with one of our specialists if you face this challenging situation. Joins us for the NEXT 10 DAYS of Tax Penalties Explained

By setting clear expectations and documenting them in writing, you can protect your business and avoid potential conflicts down the line. Are you prioritizing clear communication in your business relationships? Let's chat! 💬💡

Tax audit notices got you on edge? 😟📊 Don't sweat it! 💪🏼💰 Understanding the potential outcomes can help you prepare and conquer anything the IRS throws your way. 🙌🏼💸 From no changes to additional taxes owed, each outcome can be tackled strategically with the right approach. 🧐📝 Stay organized, provide accurate documentation, and don't be afraid to seek help! 💼💼 With these tips, you'll be ready to face any challenge that comes your way during an IRS audit. 🔍💼💰

Are you ready to set sail on a journey towards financial success? 🚀⛵️ Get ready to hoist the anchor and navigate the treacherous waters of budgeting, investing, and saving! 💸🧭 With our treasure map of tips and tricks, we'll help you navigate choppy economic seas, avoiding the rocky shores of debt and steering towards the promised land of financial stability. 🌊🏝️ So, fellow adventurers, let's embark on this exciting voyage together! 🤩🌟

Ready to take your payroll to the next level? ⚡️🚀 With the power of payroll software, you can free your time, boost your efficiency, and revolutionize your approach! 💻💪 Automate your pay calculations, tax deductions, and pension submissions with ease, leaving behind the mundane tasks and embracing strategic initiatives. 🙌🔥 Empower your people and focus on improving your benefits packages, refining your onboarding process, or implementing data-driven decisions that drive your success. 📊💡 No more stressing over manual calculations, no more tedious paperwork, no more time wasted! Give us a ring today!

Calling all nonprofit heroes! 📣✨ Just like a secret identity, your nonprofit needs its own Employer Identification Number (EIN). 🕵️‍♂️🔍 This powerful code is essential for hiring staff, opening a dedicated bank account, and rocking those registration forms your local government demands. 💼💪 Think of it as your nonprofit's 'Social Security Number' - granting it official recognition and unlocking a world of possibilities! 🌍🔓 So, fellow changemakers, have you obtained your EIN? Share your thoughts, challenges, or superhero-worthy accomplishments in the comments below! 🦸‍♀️🌟 Let's empower each other and make our nonprofits shine bright. 💙✨

"IRS audits - the words that can send shivers down your spine! 😱💸 But fret not! Knowledge is power when it comes to dealing with audits, whether you're confident in your tax return or worry there may be mistakes. 📝🧐 If the IRS discovers errors or believes you owe additional taxes, it's important to understand the process and the potential outcomes. 💡📊 Remember, just because you're audited doesn't mean you're guilty of fraud! 🚫🕵️‍♂️ So, here's the lowdown: If the IRS finds inaccuracies, they will issue an audit report detailing the changes proposed. 📑✉️ You'll have the opportunity to review and respond to the report, either agreeing or disputing the findings. 📑❌💬 If you agree, you'll need to pay the additional taxes owed along with any interest and penalties incurred. 💰⚖️ However, if you disagree, you can present your case and provide supporting evidence during the audit appeal process. 📣📚 💪💼 Have you been issued an IRS audit? Let us help you get the best results and keep your money in your pocket! 💪🔒