Wow Tax & Advisory Service

?? MYTH: A tax extension means you get more time to pay. ? FACT: Nope! An extension only buys you extra time to file—your tax bill is still due on time! ??? Miss the payment deadline? Say hello to penalties and interest. ?? Plan ahead and keep your cash where it belongs! What’s the wildest tax myth you’ve heard? Drop it below! ??? #taxmyths #taxfacts #dontgetcaught #businesstips #moneytalk #taxseason #smallbusiness #financialfreedom #entrepreneurlife #taxtips #taxplanning #taxsavings #selfemployed #moneywise #wealthbuilding

? The BOI reporting deadline is fast approaching—are you prepared? If your business was registered before January 1, 2024, you must file your Beneficial Ownership Information (BOI) report by March 21, 2025, to stay compliant. Avoid penalties by submitting on time! The BOI report promotes transparency and helps combat fraud—so don’t wait until the last minute! Need assistance? Reach out today for a smooth, hassle-free filing process! ???? #boireport #businesscompliance #deadlinealert #smallbusiness #entrepreneur #staycompliant #businessowners #legalupdates #financialtransparency #corporatefiling #avoidpenalties #regulatorycompliance #filingdeadline #businessgrowth #taxandcompliance #compliancecheck

?? Bet on the BIG GAME? ?? Here’s a pro tip you need to know: Win or lose, there’s a silver lining! ? If you hit big—say you win $3,000—that’s taxable income. BUT, if you lost $1,000 on another bet, you can offset that loss, bringing your taxable winnings down to $2,000. ?? So even if luck isn’t on your side, your taxes might be! ?? P.S. Keep those receipts and records—you’ll thank yourself at tax time! ?? #SuperBowlBetting #TaxTips #GamblingWins #SilverLining #MoneyMatters #BigGame2024 #FinancialSavvy

Public Service Announcement (PSA)! Stop wasting money on unused subscriptions! ???? Check your bank statements and cancel any subscriptions you haven’t used in the past year. Many people underestimate their subscription expenses, with research showing a significant gap between perceived and actual spending. What’s the most surprising subscription you forgot you were paying for? Drop it in the comments! ?? #savingmoney #budgeting #personalfinance #savemoney #frugalliving #moneymanagement #financialfreedom #debtfree #finance #financialliteracy #wealthbuilding #financialplanning #frugal #moneysavingtips #moneytips

?? Tax Myths You Need to Stop Believing! ?? Social media is full of bad tax “hacks,” so let’s de-influence some of the worst: ? MYTH: Slap a logo on your car, and boom—all your mileage is a tax write-off! ? FACT: You can deduct the cost of the signage, but your auto expenses? Not automatically deductible just because of your logo. ? MYTH: Put your kids on payroll for a tax break, and they don’t even have to work. ? FACT: Yes, you can hire your kids, but they need to do real, age-appropriate work for a fair wage—so no, your toddler can’t be your $50K web designer. Want a tax plan that actually works for you? Click the link in my bio to become a client! ???? #taxmyths #taxadvice #taxplanning #smallbusinesstips #businesstaxes #taxdeductions #financialfreedom #moneytips #taxhacks #smallbusinessowner #entrepreneurtips #taxstrategies #taxseason #businessgrowth #savemoney

Believe it or not, you may not be required to file a 2024 return! Filing requirements aren’t the same for everyone. They depend on factors like your age, gross income, filing status, and whether you're claimed as a dependent. ?? Swipe to see the 2024 filing thresholds and find out if you’re off the hook this year! But remember—just because you might not be required to file doesn’t mean you shouldn’t. You could be leaving money on the table from credits or refunds you qualify for. ?? ?? Pro Tip: Always consult with your tax professional to confirm your filing status. Sometimes, special circumstances mean you still need to file, even if you’re below the threshold. P.S. Even if you don’t have to file, it might be worth it to snag those extra tax credits! ??

You don’t need billions to benefit from these three smart tax-saving strategies! 1?? Track every business expense and collaborate with a tax pro to maximize credits. 2?? Contribute to tax-advantaged retirement accounts. 3?? Offset gains by harvesting losses from underperforming investments. Always consult a tax expert to find the best approach for your unique situation! ?? #taxsavings #taxstrategy #wealthbuilding #moneymoves #financialfreedom #taxplanning #retirementplanning #investing #wealthmanagement #savemoney #taxhacks #smartmoney #financialgrowth #passiveincome #moneytips

I get this question a lot, and I wish I had better news! If you donate to a personal GoFundMe, your contribution usually isn’t tax-deductible. The IRS treats it as a personal gift—no deduction there! ?? That said, there’s a bit of good news. If you donate to a Certified Charity Fundraiser on GoFundMe, and the organization meets IRS requirements, that donation could qualify as tax-deductible. ?? To be sure, always check with your tax professional to confirm if your donation counts. Better safe than sorry! ?? #taxdeduction #gofundme #donations #taxes #irs #certifiedcharity #taxtips #personalfinance #taxseason #taxadvisor #donatetogood #taxprofessional #taxhelp #charitablegiving #financialplanning

Roses are red, taxes are due ????—but don’t worry, I’ve got you! Happy Valentine’s Day from your favorite Enrolled Agent! ???? #valentinesday #taxseason #enrolledagent #taxtime #taxprofessional #loveyourtaxes #efile #taxrefund #smallbusinessowner #irshelp #taxplanning #accountinglife #financialfreedom #taxprep #moneytips

? Hey, procrastinators—we see you! ?? If that tax deadline is creeping up and you haven’t started yet, don’t panic! Here are 3 super simple steps to get you rolling: ?? Round up those receipts ?? ?? Collect your W-2s & 1099s ?? ?? Don’t leave money on the table—remember your deductions! ?? Still feeling overwhelmed? No worries—we’re here to make tax season way less stressful. Let us handle the hard part! ???? #taxseasonrush #lastminutetips #getorganized #taxdeductions #taxprep #financialfreedom #moneymatters