A & M Accounting Services

Many small business owners think they do not have to file taxes if they make under a certain amount . WRONG! Do not get yourself in trouble , file your taxes .

https://www.irs.gov/taxtopics/tc554

https://www.irs.gov/individuals/check-if-you-need-to-file-a-tax-return

Check if you need to file a tax return | Internal Revenue Service Find out if you have to file a federal income tax return and why it may pay you to file even if you don’t have to.

Get ready for tax season by scheduling two essential appointments - tax preparation and strategy session with an expert for a prosperous 2024.

Though our pets we call them our children and we love them like our children they are not dependents. Please do not add them on your tax return.

Start getting papers now to file your taxes. Get a digital file or just a Lisa Frank folder and put all of your paperwork in that. Helpful hint may be a little checklist so then every year you know what you’re missing and what you can expect to have. Reach out if we can help you get organized.

This is a great time of year to start business you have been thinking about !

Tax season is here ! Are you gathering all your forms for your tax preparer ?

Happy New Year to all !

Happy Memorial Day weekend. I hope you all take a minute to respect the brave soliders that did not make it home. We will be thinking of them and their families in our moment of silence. Most I never met but so thankful for them so my family and I can enjoy the beautiful USA.
God Bless America and all who love her.

Ben Mehringer. Tell us what services you offer and the area you service ! Ben is wonderful and highly recommended. I can enjoy my evenings with my family because when I come home my lawn looks amazing !

Derek Masterson. What is going on in your business ? Looking for work ? Looking to hire ? Tell us what’s up !

Jamie Yates with Blondies - any great summer deals going on?

As summer hits remember your local snow cone business , lawn care business, and remember many people are launching their dreams and goals! Support local businesses.

All Indiana corps please talk to your tax professional about your IT20. S and C corp tax filings had a change 2/28 that could save you money !

Tax deadlines are coming soon ! Remember extensions are for the tax forms not the tax payments !

Many tax payers confuse large refunds with good tax planning ; no! Lower the tax liability is the key to great tax planning and consulting!

If you have questions about your refunds talk to you tax professional. If you do not have one then think about getting one .

Remember to get your w2 and 1099 out today! They are due today. M

Great location! Great place ! Local business owned by a lady who loves to help and is always giving.

Come in or call 812-422-8040 ask for Jamie!! Looking for booth renters only!!

The IRS will be opening the filing window soon, are you ready ?

Remember tax jail is nothing like Orange is the New Black file your accurate taxes today ! Electronic filing is open now !

Remember Indiana tax payers if you have a student in private school you may qualify for the $1,000 tax credit !

Want bigger refund ? Have more dependents .

Love you tax accountant and get your stuff together quickly this season and to them timely !

Thank you to all my great mentors

Another personal income tax tip for those little tax deductions we call dependents. 🙂. Remember this can give you a smaller refund then 2021.

The child and dependent care tax credit, which may help offset the cost of care for children under age 13 or adult dependents, has also been reduced for 2022.

In 2021, the credit jumped to up to $8,000 for one qualifying person or $16,000 for two or more dependents. However, for 2022, those caps returned to $3,000 and $6,000, for one or multiple dependents, respectively.

A quick tax tip. Your refund may be smaller this tax year compared to the last. Here is one reason why. In 2021, the child tax credit offered up to $3,600 per child under age 6, and up to $3,000 per child ages 6 through 17, with half available via upfront payments. But for 2022, the tax break reverts to the previous amount — up to $2,000 per child under age 17. There are many other reasons why. This is a biggie !

Start 2023 right and track all your deductible expenses to maximize your tax savings. Did you know that monthly review of your books can save you big money at tax time!

Don’t forget to get your child care statements from your daycare. The more organized you are the more your tax preparer can help you .