My Tax Lady, LLC

10/21/2026

EBITDA doesn't tell the whole story. Buyers and lenders also examine cash flow, customer concentration, owner dependence, and financial records when evaluating a Business.

EBITDA is only part of the picture. Learn how cash flow, customer concentration, owner dependence, and financial records influence buyers and lenders.

10/21/2026

Your financial lineup. 🏆

Most people wait until something breaks to figure out who they're supposed to call. Then it's April, there's a letter on the counter, and nobody knows where the receipts went.

You don't need every seat filled tomorrow. You just need to know who does what before you need them.

Three of these are mine. I keep your books clean, file your taxes, and help you plan what's next instead of just reporting what already happened.

Little secret 👀 My Insurance Lady is in the works, so that seat is about to be covered too. Keep your eyes open.

For the rest, I hand you off to people I trust:

, financial planning
, estate planning and estate law

I never wanted to be just your tax lady. I want to be your trusted advisor.

10/20/2026

Is the interest on your loan tax deductible? The answer often depends on how you use the borrowed money, not what secures the loan. Learn how tracing rules can affect business, investment, home, and personal interest.

Interest deductibility often depends on how borrowed funds are used. Learn how tracing rules apply to business, investment, home, and personal debt.

10/19/2026

If you are going through a divorce or recently went through one, watch this video for potential changes to your tax situation.

10/19/2026

A business loan is not income. It's a liability that you'll repay over time.

Here's how to record it correctly:

1. Create a loan liability account.

Set up a Long Term Liability or Other Current Liability account (depending on the loan terms).

2. Record the loan deposit.

When the loan funds are deposited into your bank account, categorize the deposit to the loan liability account, not income.

3. Record your loan payments correctly.

Each payment includes:

- Principal, which reduces the loan balance
- Interest, which is recorded as an interest expense

4. Reconcile your loan account regularly.

Compare your QuickBooks loan balance to your lender's statements to ensure they match.

5. Keep all loan documents.
Save your loan agreement, payment schedule, and monthly statements for your records.

Recording business loans correctly helps keep your Balance Sheet accurate, your financial reports reliable, and your books tax ready.

Need help cleaning up your books or reviewing your QuickBooks?

Book a call using the link in our profile, or comment "books" below to learn more about our bookkeeping services.

10/17/2026

🍎 Apples aren’t the only thing being harvested this fall...

Obviously, none of us invest in the stock market hoping to lose money 📉 But if an investment has lost value, selling it strategically could be a smart tax move.

Swipe to learn 👉
✔️ What tax loss harvesting is
✔️ What your losses can offset
✔️ How to avoid a wash sale

WAIIIIT! Before you start buying and selling investments like crazy just for the tax benefits, loop in your tax professional and financial advisor so you don’t accidentally trigger a wash sale!

📌 Save this post and follow .my_tax_lady for more tax, bookkeeping, and smart money tips.

10/16/2026

Financed a new vehicle? You may qualify for a federal deduction of up to $10,000 in loan interest. Learn which vehicles qualify, income limits, and what records to keep.

Financed a new vehicle? Learn who qualifies for the car loan interest deduction, the $10,000 annual limit, income restrictions, and vehicle requirements.

10/16/2026

Happy Boss’s Day! 💜

I’ll be honest, I don’t love the word “boss.” What we have at My Tax Lady is a team, and that’s exactly how I see us. Today I’m celebrating the people who make this business what it is. Thank you for everything you do. We’re doing the thing, together!

Tag someone on your team who deserves a shoutout today 👇

If you’d like, I can add a few hashtags like .

10/15/2026

Thinking about buying a business? Learn what the numbers can reveal about earnings, cash flow, customers, working capital, taxes, and risk.

Buying a business? Learn what the numbers can reveal about earnings, cash flow, customers, working capital, taxes, and financial risk. Pasted markdown

10/15/2026

Reimbursing employees for business expenses doesn't have to create taxable wages. Learn how accountable plans work, what documentation is required, and why deadlines and recordkeeping matter.

Learn how accountable plans let businesses reimburse employee expenses without creating taxable wages and what IRS requirements must be followed.