JMS Tax & Business Solutions

Did you file for a tax extension because you needed to catch up on bookkeeping and sort through your receipts? 🧾

Maybe you needed more time to organize your documents, or you were nervous about your tax liability.

Whatever the reason is, the deadlines are approaching fast!⏰

Here’s what you need to know:

🗓️ S-corps and Partnerships: Deadline is September 16th, 2024
🗓️ Individuals & Corporate Returns: Extended filing deadline is October 15, 2024

More info in the comments⬇️⬇️

📲Need help with back tax filings, organizing your finances, or lowering your tax bill? Get on my calendar now and let's get you squared away before the deadlines! 💼💸

👀 Are you tired of the hassle of managing your own financial records? Are you wasting your precious time trying to Google and YouTube how to code transactions? 😓

It doesn’t have to be this way. Let our expert bookkeeping & accounting services handle it for you, ensuring your finances are accurate and efficient. With us on your side, you can focus on what really matters—growing your business. 📈

The peace of mind that comes with knowing your books are in order is priceless. Imagine the ease and clarity you’ll feel when you no longer have to worry about financial details holding you back.

Are you ready to take your business to the next level? 💬Shoot us a message or book a call and let’s get started on stress-free financials!💥

🚨 Stop Making These Costly Mistakes in Your Business..

Did you know that 35% of business returns filed by owners contain avoidable mistakes? That’s nearly 4 out of every 10! 😱

As a real estate professional or STR host, you might be making common tax errors that lead to unnecessary audits, fines, and overpaying taxes.

Even worse, disorganized financials can cause devastating problems down the road... 😓

But it doesn’t have to be this way. I’m here to help you avoid these mistakes and keep more of your hard-earned money. 💰 Let’s work together to ensure your finances are solid, audit proof and fully compliant.

Book your business strategy call today and we’ll discuss:
1. Your current tax situation.
2. Hidden deduction opportunities.
3. Strategies to keep more money in your pocket.
4. Reviewing past returns for missed opportunities.

Who needs help with this? Comment "Me" and we will shoot you a message- let's get your business on track! 📈

Every decision you make now has an impact on your future. Just a gentle reminder, be intentional with the choices you make-- no matter how big or small. 💓

Whether it's investing in new skills, expanding your network, or refining your business strategy, the choices you make today will define your future success.

Business Owners, what key decision are you making today to ensure your business thrives a year from now? Let me know in the comments! ⬇️💬
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💡 Ever heard of the Augusta Rule, putting your kids on payroll, or Income Splitting? Sounds fancy, right? But here’s the real question—do you know how to actually implemented them?

That’s where I step in. I don’t just tell you about tax strategies; I help you execute them the correct way and uncover even more ways to keep your hard-earned money in your pocket.

Do you need help with these strategies? Let’s make it happen during our tax planning sessions!

Shoot us a message with the word “Strategy” to get started!💸💰

I wish more RE Investors & business owners knew this: Bookkeeping isn’t just about keeping records; it’s the secret weapon that can transform your business from good to unstoppable.

Here’s the truth: Effective bookkeeping does more than track numbers, it can elevate your business to the next level. You are able to: ⬇️

💎Gain a clear understanding of your financial health, enabling better decision-making.

💎Monitor and manage your cash flow effectively to prevent shortages and optimize resources.

💎Stay prepared for tax season with organized and up-to-date financial records, maximizing deductions and minimizing stress.

💎Identify and eliminate unnecessary expenses, improving your cashflow /bottom line.

💎Stay compliant with financial regulations and avoid costly penalties.

💎Use detailed financial reports to plan and strategize for growth, and expansion.

💎Maintain clean and transparent records that boost investor confidence and attract potential funding.

In other words, imagine walking into tax season stress-free, maximizing deductions because your books are in perfect order. Picture having the financial clarity to cut unnecessary expenses and confidently strategize for growth.

This is the power of professional bookkeeping—it’s not optional; it’s essential.

Ready to elevate your business to the next level? Gain back your precious time & enjoy the peace of mind that comes with knowing that your finances are handled by an expert?

Let’s make it happen-book your appointment today.✨

New week, new goals! I wish this Monday brings you new opportunities, positive energy, and a fresh start to an amazing week ahead!

Share this with a friend, tag them below!

Are you looking for a new accountant or tax strategist?
Now is the perfect time to meet with your accountant and discover how they can help you organize your finances and avoid a large tax bill.

Here’s our commitment to you:
✅ Accurate and Reliable Financial Data
✅ Personalized Bookkeeping Solutions
✅ Transparency and Communication
✅ Business Support and Confidentiality

We support your business and financial needs all year round. Let us handle your bookkeeping/accounting needs so you can focus on what you do best—running your business!

We'd love the opportunity to work with you! Contact us today to get started!...

Stop Ignoring Your Tax Balances:

That tax balance isn’t going away—infact it's only getting worse. Each day it's accruing interest and penalties. 🥹

Do this instead ⤵️

1. Be Proactive: Check the IRS portal to obtain your account records and current balance. Transcripts are typially needed.

2. Find a Tax-Savvy Accountant 🙋🏽‍♀️: Find an accountant who specializes in taxes to review your balances and help you understand why you incurred this tax bill. Tax planning may be needed.

💭Avoiding professional help often leads to larger tax bills. The cost of a professional will always save you money, time and the headache that comes with these tax bills. 💸

3. Get Your Bookkeeping in Order‼️: This is not optional.. The lack of bookkeeping is why you will always overpay in taxes. You have no clarity in your business and you are operating in financial chaos. Now would be the time to organize your finances to prevent future surprises. Tax season will be here sooner than you know it.

💭If you stay reactive rather than proactive, you’ll continue to face costly consequences. The IRS doesn’t mess around—they want their payments in full!

🚨If you continue to ignore your tax debt, remember they can and will send you a letter to place a levy on your assets.

Remember: Investing in professional help is an investment in your financial security and business. It’s worth more than the cost of mistakes that you'll possibly make.

Don't wait until it’s too late—get help now! Our books are open and we are accepting new clients.✨
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Happy Friday! Today would be a nice day to have a Money Date with Yourself and Review Your Finances. 💰

Here are some key questions to ask yourself:

📌How's your revenue trending? Evaluate your income sources and identify opportunities for growth.

📌Where are your dollars going? Review your expenses, cut unnecessary costs, and optimize spending.

📌Are your profits aligning with your efforts? Analyze your profit margins and explore strategies to enhance profitability. (Income - expenses + save for taxes)

📌How's your cash flow looking? Ensure you have a clear understanding of your cash position to navigate business operations smoothly. (Build a cash reserves)

📌What's your plan for extra funds? Consider allocating resources to savings or strategic investments or hiring to delegate mundane tasks.

📌Are you on top of your outstanding debts? Strategize debt repayment and explore ways to minimize interest costs.

📌Do your financial goals align with your business objectives? Reassess and pivot as needed.

📌Do you enjoy managing your own books, or do you have time to maintain them? If the answer is no, this is your sign to outsource and get the help you need.🙋🏽‍♀️

Need help getting your finances in order so you can scale your business and gain clarity around your finances? We can help! ⤵️

📲Book your appoitment today.

When was the last time you reviewed your business finances? 🧐

Let’s talk about why regularly checking your financials is so important!

Whether you have a real estate portfolio or run an established business keeping tabs on your money matters and can save you a ton of headaches down the road.

From spotting sneaky expenses and cash flow issues, to catching opportunities for growth-staying in the know is key!

Not every entrepreneur has the time or expertise to handle the financial tasks needed to run a successful business and save in taxes. That’s where we come in!

If you need assistance with your business finances, shoot us a message. We’re here to help you stay on top of your financial game! 📊✨
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📆 Are books are now open for May and the months that follow... If your business finances need some organization, we're here to help you streamline and level up your business.

Here's why you should book with us:

🔶Our services are customized to meet your unique business or individual needs.
🔶We help you make informed decisions with accurate and timely financial reports.
🔶We handle the numbers, so you can focus on growing your business.
🔶We offer year-round business support.

Spring into financial clarity with our services!
🌐Book Now⬇️

Here's how to to make the most out of this quarter:

1. Take a moment to look back on the previous quarter. What worked well? What could have been better? Use these insights to fine-tune your strategies moving forward.

2. Define your goals for the quarter ahead. Whether it's inreasing your rental portfolio, increasing sales, expanding your customer base, or launching a new product, clarity is key to staying focused and motivated.

3. Break down your goals into actionable steps and create a roadmap for achieving them. Prioritize tasks based on their impact and allocate resources wisely to maximize efficiency.

4. Review your finances and adjust your budget accordingly. Ensure you're allocating resources effectively and have a clear plan for managing expenses and investments.

Ready to make this quarter a good one? You got this!

Share and save this post for later!

We have a referral program - Refer a friend to us and receive exclusive rewards 💰

Read more - https://mailchi.mp/jmstaxsolutions/referralprogram

🎉 Welcome to Q2! 🎉 It's a fresh start to a new month and quarter.

Take a moment to dive into your financials for the past quarter and assess how your business is performing against the goals you set for yourself in January.

Quarterly goals serve as crucial milestones in aligning with your annual business goals. They provide a roadmap for progress and help steer you towards success.

Feeling uncertain about your financial standing? Don't worry! We're here to provide guidance and support, helping you gain clarity and confidence in your business & financiall decisions. Let's chat, asap! 💬
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Accountants/Bookkeepers can be game-changers for businesses! We can provide a range of benefits and add value in so many ways - saving money, time, and having a solid financial plan for the future all are essential when running a business.

A good bookkeeper will be a great source of wisdom, advice, and knowledge in helping your business avoid many of the common pitfalls and continue to evolve and grow.

Bottom line: Investing in a good bookkeeper will definitely increase the worth of your business.📊💰

I’d love to help you gain the insights you need to understand and manage your business finances so you can get back to running and growing your business.

📱 Book a discovery call with us today.

⏰ S Corps and Partnerships LLC's ⏰

🚨 March 15th deadline is here – that means it's crunch time for filing your taxes! Ignoring it could cost you big time – $210 penalty per month per shareholder/partner!

Just imagine – if you have 4 partners and you miss the deadline you'll be facing an $840 penalty EACH MONTH.

But hey, no need to stress – there's still time to take action and avoid those unnecessary fees. We can assist you with filing for an extension now!

💼📆Haven't tackled your bookkeeping yet? No worries – let's file for that extension and get you all caught up ASAP.

Don't let procrastination cost you – book a call now and let's get those taxes sorted before it's too late! ⏳💰

Book Now: calendly.com/jmsbooking

JMS TAX & BUSINESS SOLUTIONS Welcome to my scheduling page. Please follow the instructions to add an event to my calendar.

As a business owner, what's your love language? Share your thoughts below or tag a entrepreneur friend.☺️🙏
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STR Hosts/RE Investors - Are your books ready for this tax season?

Do you have a profit and loss statement or balance sheet readily available?

Having updated and accurate financials are required to file a proper tax return.

Don’t wait until the last minute to check if everything is in order. Tax season is a very busy time, so avoid the last minute stress and be proactive now!

If you need help with organizing your finances and reducing your tax liability, contact us now! Or share our page with a fellow business owner who could use the help. ☺️

Book an appointment: calendly.com/jmsbooking

Tax season officially starts today! 📆 Stay ahead this tax season and prepare early for a smooth stress-free tax season.

P.S. 🚨STR Hosts, RE Investors, and Entrepreneurs-if you have fallen behind on your books – it's time to catch up asap! You can't accurately file a tax return without knowing your numbers. Let's tackle it together!📞https://calendly.com/jmsbooking

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4 proven strategies to reduce your taxable income this year.

1️⃣ Maximize Deductions: The more you deduct, the more you can save on your tax bill. Keep proof of receipts.

2️⃣ Utilize Tax Credits: The hidden gems that put dollars back into your pockets dollar for dollar.

3️⃣ Strategic Entity Structuring/Tax Planning: Elevate your financial game by structuring your entity strategically. Tax planning is the key to building financial freedom.

4️⃣ Plan for Retirement: Secure your future while enjoying tax perks. It’s a win win!

Remember, consulting with a tax professional is always recommended to ensure compliance and maximize your tax savings. 💬Book a tax savings call with us to reduce your tax bill for this year! https://calendly.com/jmsbooking/taxconsult

As tax season is here, let’s ensure you have everything in order for a stress-free tax filing experience.

Here's your essential checklist to help you gather what you need:

1. Social Security Numbers for yourself, your spouse, and dependents.

2. Personal identification like driver's license or state ID.

3. W-2s from all employers.
1099 forms for freelance work, dividends, or other income.

4. Income records from side gigs, rental properties, or investments.

5. Mortgage interest and property tax statements.
Records of any home improvements that qualify for credits.

6. Profit and loss statement & Balance Sheet.+ Business-related receipts and documentation.

7. Brokerage statements (Form 1099-B) and
records of any investment transactions.

8. Receipts for deductible expenses like medical bills, charitable donations, and education expenses.

9. Healthcare Documents like Forms 1095-A, 1095-B, or 1095-C for health coverage.

10. Contributions to IRAs or other retirement accounts.

11. HUD Statments for real estate purchases.

Remember, this is a general guide, and your situation may require additional documents. Always consult with a tax professional to maximize your returns.

Ready to tackle taxes with confidence? Let's do this! 🥳

Book your tax consult here: https://calendly.com/jmsbooking/taxconsult

🤔Unsure if you or your business should be issuing 1099 NEC forms?

👉🏾Here’s a breakdown for you: 🔗https://mailchi.mp/jmstaxsolutions/1099nec

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2024 tax filing season set for January 29; IRS continues to make improvements to help taxpayers | Internal Revenue Service IR-2024-04, Jan. 8, 2024 — The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns.