BLCG Tax Geeks

Good morning 🌻 A tax tip from you Favorite Tax Geek!

One effective tax tip is to take advantage of tax deductions and credits available to you. Deductions reduce your taxable income, while credits directly reduce your tax liability. Be sure to keep track of expenses that may qualify for deductions, such as charitable donations, medical expenses, or mortgage interest. Additionally, explore credits for education or energy-efficient home improvements. Staying informed about the tax breaks that apply to your situation can significantly lower your tax bill and maximize your savings. Always consider consulting with a tax professional to ensure you're making the most of these opportunities!

Follow BLCG Tax Geeks for more tax tips, news, and strategies!

Small Business Tax Tip from your favorite TaxGeek🤓

Bad Debt Deduction 👉🏾 if someone owes you money you cannot collect, you have a bad debt. There are two kinds of bad debts 👇🏽

1. Business Bad Debt
2. Nonbusiness Bad Debt

A business bad debt is one that’s comes from operating your trade or business. You may be able to deduct business bad debts as an expense on your business tax return.

😉Easy to understand (ETU) 👉🏾if you have customers who ran off without paying for products or services then this is considered bad debt and it may be deductible on your Schedule C🤓

If you need a knowledgeable, honest and trustworthy Tax Pro contact me! Follow BLCG Tax Geeks for more tax tips, news and strategies!

Small Business Tax Tip:

Keep Detailed and Organized Records

Maintaining comprehensive and well-organized records of all your business transactions is crucial. This includes receipts, invoices, bank statements, and any other financial documents. Accurate record-keeping not only helps you track your business performance but also makes tax filing easier and more accurate. It can also be invaluable if you ever face an audit. Use accounting software or hire a professional accountant to ensure everything is in order and up-to-date.

Speak with a TAX Geek today about bookkeeping services!

I'm UBER excited to drop BLCG EZ-Books! Small business owners know that I'm always looking for ways to help solve some of the challenges faced with taxes! One of the BIGGEST challenges many entrepreneurs, and solo-prenuer face is bookkeeping! Let's face it without knowing how the flows and where it goes you'll be EXTREMELY frustrated often. It will feel like being overworked and underpaid. This is where Best Life Consulting Group comes in!

BOOM🔥Introducing EZ-Books!! This service is solo-prenuers who don't have time to keep up with the books and instead can focus on growing the brand!

This is EZ-Book management of your transactions in one ledger produced monthly! Don't worry about anything leave it to the pros. We will handle the legwork of getting the books aligned for tax season and throughout the year for financial reports! Knowing your business books is a key component of helping approvals! No need to scramble anymore EZ-Books will take the headache away!

Monthly cost $115! That's about $3.83 per day which is less than a cup of Starbucks coffee! Give that money back to your business and it’s a 100% Tax Write-Off making it FREE!

DM us for more details!

2024 Tax Training open enrollment is available! Whether its a career change, season job, supplement income, etc. The tax industry is very rewarding when you put in the work!

Enrollment link is in the comments.

Being low-key has always been the recipe! I’m EXTREMELY excited for what’s to come in 2025! Tucker, GA BLCG Tax Geeks will be one of your newest Spanish Tax Offices! This location will be managed by our Jerandin Alejandre! January 2025 we will be ready to serve you! Cash Advances available!

Translation 👇🏽

¡Ser discreto siempre ha sido mi receta! ¡Estoy EXTREMADAMENTE emocionado por lo que vendrá en 2025! Tucker, GA ¡BLCG Tax Geeks será una de sus oficinas de impuestos españolas más nuevas! ¡Esta ubicación será administrada por nuestro Jerandin Alejandre! ¡Enero 2025 estaremos listos para atenderte! ¡Adelantos en efectivo disponibles! al tanto

It’s very REAL! We putting the money where our mouth at ALL SEASON! This is ”my” referral fee. My partners may be doing something different but if you file with me and refer your peeps I’m STANDING ON BIZZNESS! Tell them to let me know who sent them!

10 Referrals = $1,000 paid out from 🔥🤝🏾

Lil Jo Jo & them cricket cousins MISS ME✌🏽

If you got what you need then we gone get it! $100 per referral when they fund out!

A helpful tip from the Tax Geeks!

Please call tel:1-800-304-3107 to see if you have a tax offset before filing taxes.

What is a Tax Offset👉🏾 If an individual owes money to the federal government because of a delinquent debt, the Treasury Department can offset that individual's federal payment or withhold the entire amount to satisfy the debt.

🚫Don’t file your taxes blind this year! Know where you stand. Common debts 👇🏽

🚫Student Loans
🚫Child Support
🚫Social Security Administration
🚫Tax Liens
🚫SNAP Benefits
🚫Unemployment

Contact us for assistance with your 2023 Tax Return!

If you don’t feel like driving or sitting in super busy Tax Office then we have EXACTLY what you’re looking for to make your filing experience a great one! Virtual Tax Filing with BLCG Tax Geeks! Simply give us a call or book with us online!

Contact Kimberly Cathey to assist you with your filing needs!

Toll-Free 1-877-317-BLCG
📧 [email protected]

If you don’t feel like driving or sitting in super busy Tax Office then we have EXACTLY what you’re looking for to make your filing experience a great one! Virtual Tax Filing with BLCG Tax Geeks! Simply give us a call or book with us online!

Contact Danielle Briggs to assist you with your filing needs!

Toll-Free 1-877-317-BLCG
📧 [email protected]