Associated Payroll Services

As a business owner, you’ve got more skin in the game when it comes to your taxes. Why? Because it’s not just about you. There’s so much more at stake for you, which can put a weight on your shoulders during tax season. And if you’re feeling that weight right now, here’s your reminder to take a deep breath, and focus on this one thing… Be proactive. Get your documentation organized. And get your filing appointment scheduled LONG before the deadline. It’s these choices to stay a step ahead that can make or break your business finances this year. What tax to-do could you cross off your list today?

Remote workers – if you were required to return to the office, would you consider changing jobs?

Have you seen a ghost? In the tax realm, ghost preparers will prepare your tax return without signing it, leaving you on the hook for any mistakes. A legit tax preparer will always include their Preparer Tax Identification Number (PTIN) and sign the return. Who you gonna call? Your tax ghostbusters. If you’ve been ghosted, give us a ring.

Trying to get together all your documents for your tax appointment is a beast of a task – we know. And we’re here to lighten your load. Time to get it off your chest: What part of tax season do you dread the most?

Even if you don’t yet have all the documentation you need for tax filing, you should still chat with us. We can get the ball rolling for you (and it'll REALLY pay off later).

Your 2021 tax return could come back to haunt you, unless you finally lay it to rest. If you claimed the Employee Retention Credit (ERC) for 2021 but never amended that return, it’s time to take action (even if you never received your refund). And the deadline is coming up: March 15th for S corporations and partnerships, and April 15th for individuals and C corporations (or later if you extended your filing). If you don’t comply? The IRS could deal you some serious penalties. So let us help you stay compliant – if you need help, just send us a message.

✏️ How do you file taxes? ✏️ How can you reduce what you owe? ✏️ How do you claim deductions and credits? ✏️ How do you stay far away from penalties? If you’ve been asking yourself questions along these lines, no need to feel embarrassed. Most people don’t know the basics of how taxes work. The important thing is to ask for a helping hand – we’re not here to judge you. And as we’re in the thick of tax season, there’s no better time than now. So, what’s one tax question you’ve always wanted to ask but never have?

No, you don’t need to… 💦 Drain your retirement account 🏠 Sell your house 👩⚖️ File for bankruptcy …to fix your tax debt. What you DO need is a plan – and someone who knows how to make that plan. Let's strategize your way out of tax debt together. Breathing a little easier now? Repost this to free someone else from tax debt myths.

Budgeting app or the old-fashioned paper method? Let’s hear your vote.

Did you know that forgiven debt is usually considered taxable income? That’s right – canceling a debt doesn’t always mean it’s gone for good. But there’s hope: If you were insolvent (meaning: your debts were greater than your assets) when the debt was forgiven, you might be able to exclude it from your taxable income thanks to the Insolvency Exception. Navigating this exception can be tricky – so let’s tackle it together. THIS could be your chance to get back on track financially. What are you going to do with it?