ATAX - Northglenn CO

🎉🛠️ Happy Labor Day from ATAX! 🎉🛠️

Today, we celebrate the hard work and dedication of every individual that contributes to building a brighter future. Whether you're an employee, a business owner, or part of our ATAX family, your efforts make a difference. Enjoy a well-deserved day of rest and relaxation!

Is your business ready for the Corporate Transparency Act? 📊 Learn how this new regulation impacts you and the steps you need to take to stay compliant. Don't get caught off guard—read our latest blog now: https://atax.com/blog/74/are-you-prepared-unpacking-the-corporate-transparency-act-and-its-impact-on-your-business

🔍 Unlock the Secrets of Tax Season! 🧾💡 Dive into our latest blog post to demystify the difference between "Tax Credits" and "Tax Deductions." 💰✨

Tax deductions lower your taxable income, while tax credits directly reduce your tax bill, dollar-for-dollar. 💸💡 Learn the nuances and discover how to optimize your tax return! 📊📢

Read Now 🌐 https://atax.com/blog/61/understanding-the-difference-between-tax-credits-and-deductions

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🔍 Dive into the world of tax filing statuses! 🤓 Explore the perks and pitfalls of Single, Married, Head of Household, and Qualifying Widow(er) statuses in our latest blog. Each choice impacts your taxes – discover which is best for you. 💡 Ready to empower your financial journey?

Read More Here ➡️ https://atax.com/blog/62/filing-status

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🔍💸 Unlock the Secrets of Bonus Taxation! 💼✨

Ever wondered how your year-end bonus affects your tax situation? Dive into our latest blog post to unravel the mysteries of bonus taxation and make informed financial decisions! 💡📊

Read Now: https://atax.com/blog/73/understanding-how-a-bonus-is-taxed

Discover the different types of bonuses, how they're taxed for federal income, Social Security, and Medicare, and the impact on your overall tax bracket. From withholding methods to state taxes, we've got you covered!

💰 Don't let bonus taxation be a puzzle—understand the nuances to maximize your financial strategy. Ready to decode the world of bonus taxes? Click the link and stay financially savvy! 🚀📖

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Why did the taxpayer cross the road?

To stay one step ahead of the IRS! 😄

We all know taxes can be tricky, but don't worry—ATAX is here to help! Let us handle the paperwork so you can focus on more important things... like figuring out why that taxpayer was crossing the road!

https://atax.com/ATAXNorthglennCo

🌞Summer Tax Tip: Get Ahead with Your 2024 Tax Planning! 🌞

Summer isn't just for beach days—it's also a great time to start thinking about your 2024 taxes! With the increased standard deduction from the Tax Cuts and Jobs Act, fewer people are itemizing deductions. Wondering what your standard deduction will be? Check out the IRS Interactive Tax Assistant.

If your itemized deductions are looking close to or above your standard deduction, consider these strategies to potentially lower your tax bill:

🔍 Move elective medical, dental, and vision care expenses to 2024.

🏡 Prepay your Jan. 1, 2025, mortgage payment in 2024, and consider prepaying state and local taxes due in early 2025. But be careful—there’s a $10,000 limit ($5,000 if married filing separately) on the state and local tax deduction.

💰 Boost your charitable donations to IRS-approved charities.

A little planning now can save you big when tax season rolls around! 📆
https://atax.com/ATAXNorthglennCo

🚨 Stay Alert: Protect Yourself from Fake Charity Scams! 🚨

It’s heartwarming to see so many willing to help during crises or natural disasters. But, sadly, scammers take advantage of this generosity by setting up fake charities to steal money and personal information.

Here are some quick tips to keep your donations safe:

1. Verify Before You Donate: Scammers often use names that sound similar to well-known charities. Always double-check the charity’s name, website, and address to ensure it’s legitimate.

2. Use the TEOS Tool on IRS.gov: The Tax-Exempt Organization Search (TEOS) tool can help you verify the legitimacy of a charity, check if it’s eligible to receive tax-deductible donations, and find information about its tax-exempt status and filings.

3. Don't Be Pressured: Real charities will appreciate your donation anytime. If someone pushes you to donate immediately, that’s a red flag.

4. Guard Your Personal Info: Be cautious about sharing personal details. Scammers can use this information for identity theft.

5. Be Wary of Payment Methods: Avoid giving donation info through gift cards or wiring money. The safest way to donate is by credit card or check, after verifying the charity’s authenticity.

Remember, your generosity is invaluable, but it’s essential to make sure your donations go to those truly in need. 🌟
➡️ https://www.irs.gov/charities-non-profits/search-for-tax-exempt-organizations

Why don't tax auditors ever play hide and seek? Because good luck hiding when they can find everything! 😄💰

At ATAX, we make sure there’s nothing to hide—only smooth, stress-free tax solutions!
https://atax.com/ATAXNorthglennCo

🛡️ Your Right to Privacy Matters at the IRS! 🛡️

Did you know that protecting your privacy is a top priority for the IRS? Under the Taxpayer Bill of Rights, you have the right to expect that any IRS action will be fair, respectful, and no more intrusive than necessary.

Here’s What You Should Know:
🛡️ The IRS respects your due process rights during audits and collections.
🛡️ They won’t seek unnecessary info if no unreported income is found.
🛡️ Your personal items and home are protected from seizure without proper court approval.

Understanding your rights helps you stay informed and protected! 🌟
https://www.irs.gov/newsroom/taxpayer-privacy-isnt-just-a-right-its-the-law

🚨 Beware of Scammers Pretending to Be the IRS! 🚨

Identity thieves are getting crafty, posing as the IRS through phone calls, emails, texts, and even social media. Remember, the IRS will never initiate contact through these channels or ask for personal info via text or social media.

Here’s what to watch out for:

Phishing emails pretending to be the IRS.
Fake social media accounts claiming to offer refunds or credits.
Scam phone calls with urgent threats or requests for prepaid cards.
Always double-check before responding to unexpected messages claiming to be from the IRS. If in doubt, contact the IRS directly through their official channels. Stay safe and protect your info! 🛡️

Read more from the IRS: https://www.irs.gov/newsroom/beware-of-scammers-posing-as-the-irs

🎉 The ATAX team and our iconic ATAX Eagle are having an absolute blast at the IRS Nationwide Tax Forum in Orlando, FL! 🦅✨

We're here connecting with tax professionals from across the country, sharing insights, and showcasing how ATAX Franchise can help elevate your business. From informative sessions to exciting networking opportunities, this event is the place to be for anyone in the tax industry!

Check out our pictures to see all the action and fun we’re having at the forum. Whether you’re here with us or following along from home, we’re thrilled to be part of this incredible event!

🚨📢 ATTENTION BUSINESS OWNERS! 🚨📢

Avoid penalties and let us file your BOI report! 📄✅

Starting January 1, 2024, many U.S. companies must report their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). Don't stress – let ATAX handle your BOI report and ensure compliance.

Contact us today and let our experts take care of everything for you!

🔗 Contact Us: https://atax.com/ATAXNorthglennCo

🔓💰 Dive into Tax Savings Secrets! 📊✨

Ready to crack the code to maximize your tax benefits? 🤓🔍 Our latest ATAX blog, "Unlocking Tax Savings: How Your Filing Status Shapes Deductions and Credits," spills the beans on the strategic moves that can make a real difference in your wallet!

Discover the power of your filing status—more than just a formality, it's your key to unlocking a world of deductions and credits. 💡💼 Don't miss out on the tax savings game—read the blog now and turn tax season into a victory for your finances!

📖 Read Here: https://atax.com/blog/72/unlocking-tax-savings-how-your-filing-status-shapes-deductions-and-credits

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🌟 Dive into the world of tax benefits for families! 🧾✨ Our latest blog post, "Demystifying the Child Tax Credit: Qualifications and Documentation," is a must-read. 📚💡

Unlock the secrets to claiming this valuable tax credit and ensuring you have all the necessary documents. Knowledge is power – empower yourself by checking out the blog!

👉 https://atax.com/blog/69/demystifying-the-child-tax-credit-qualifications-and-documentation

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🎒 Our Annual Back to School Giveaway is back! 🎒

‼️ Get ready for school with our annual back to school giveaway. Stop by the Northglenn office at 11916 Washington St Northglenn, CO 80233 and get your free backpack! ‼️

🌞 Summer is in full swing, and while you’re soaking up the sun, don’t forget how some summer activities can impact your taxes and finances! Here’s a hot tax tip for you:

Self-employed? Turn your business trip into a mini vacation!

If you’re traveling for business this summer, why not stay a few extra days for some well-deserved relaxation? As long as the main purpose of your trip is business, you can usually deduct your business-related travel expenses, including the cost of getting to and from your destination. 🌴💼 Just remember, there are specific rules and limits, so make sure to check them out!

Enjoy your summer, and make the most of your travels!
https://atax.com/ATAXNorthglennCo

John Hewitt proudly posing with the ATAX Eagle! 🦅📈

🏡☀️ Summer vibes are in full swing, but don’t forget about your finances! Here’s a tax tip to keep in mind:

💰 Earn Tax-Free Income by Renting Out Your Home!

Renting out your home for 14 days or less per year allows you to keep the rental income without paying taxes on it. If you rent it out for more than 14 days, the income becomes taxable, but you might be able to offset it with rental expense deductions.

Make the most of your summer earnings and enjoy a tax break! 🌴✨

Learn More: https://atax.com/ATAXNorthglennCo

🌞💡 Enjoying the summer sun? Don’t forget about your finances! Here’s a tax tip to help you make the most of your summer savings:

💸🏠 Claim a Tax Credit for Making Your Home Energy Efficient!

The Energy Efficient Home Improvement Credit can help put some cash back in your pocket for installing qualified energy-efficient equipment and materials in your home. If you're planning to upgrade your central air conditioner, water heater, furnace, windows, or similar items, make sure to check out this credit for the details. 🌿🔧

Save money while you stay cool and energy-efficient this summer!

Learn More: https://atax.com/ATAXNorthglennCo

🌞💡 Summer is here, and while you're enjoying the sun, don’t forget your finances! Here's a summer tax tip to help you make the most of your season:

🌿🔋 Claim a Tax Credit for Adding a Clean Energy System!

If you're planning to add a solar, geothermal, wind, or fuel cell system to your home this summer, you might be eligible for a federal tax credit of 30% of the cost, including installation labor. 🌍💸 Just ensure the equipment meets specific energy requirements to qualify.

Start planning today and save on your taxes while you save the planet! 🌿💡

Learn More: https://atax.com/ATAXNorthglennCo

🌞💼 ATAX's Summertime Tax Tips 🌞💼

Planning home improvements this summer? Make sure to keep all your receipts! 🧾✨ They could save you money on taxes when you decide to sell your home. Expenses on significant upgrades like kitchen remodels or additions can increase your home's basis, potentially reducing or even avoiding taxes on the home's value increase at sale time.

Stay savvy with your finances this summer! 🏠💰

🇺🇸🎆 Happy 4th of July from ATAX! 🎆🇺🇸

Today, we celebrate the land of the free and the home of the brave. May your Independence Day be filled with joy, fireworks, and cherished moments with family and friends.

As we honor this great nation, let's remember the freedom and opportunities we have. Enjoy the festivities, stay safe, and let's keep building a brighter future together!

☀️💰 ATAX Summer Financial Tip 💰☀️

Even though taxes and finances might not be top of mind during the summer, your actions now can have a big impact later. Here’s a smart financial move to consider:

📈 Help Your Teen Set Up and Fund an IRA:
If your teen has a summer job and earns taxable income, help them kickstart their retirement savings by setting up and funding an IRA. For 2024, they can contribute up to $7,000 or their total taxable income, whichever is less. If they’re under the age of majority, you can manage a custodial IRA for them until they come of age.

Start them on the path to financial success early! 🌟
https://atax.com/ATAXNorthglennCo

☀️ ATAX Summer Tax Tips ☀️

While you’re enjoying the summer sun, don’t forget how some of your activities can impact your finances. Here’s a tip to help you maximize your summer savings:

If you own a business, consider employing your child for the summer. This can be a smart tax move, as their wages are deductible as a business expense. Plus, if they’re under 18, their pay isn’t subject to Social Security and Medicare taxes if your business is a sole proprietorship or a partnership where the parents are the only partners.

Make the most of your summer while being tax-savvy! 🌞💼
https://atax.com/ATAXNorthglennCo

☀️ ATAX Summer Tax Tips ☀️

Did you know daycare expenses are the most common qualifying expense for the Dependent Care Credit? Make the most of your summer by saving on your taxes with this helpful tip! 🧸🏖️

https://atax.com/ATAXNorthglennCo