Taxes & More Unlimited

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Friends & Family $50 Off 📣

From now until 10/15/2025 $50 off tax preparation services, bookkeeping services and audit services if we are friends on social media, real life or family

Reach out to: [email protected] to take advantage of this offer 💜

We're thrilled to have shared an incredible 2024 with our amazing clients! Extending our warmest wishes for a Happy New Year, from our family to yours! We cherish the relationships we've built with each of our clients and recognize that our firm's accomplishments are a direct result of my team's expertise and our clients' unwavering support. Thank you for being an integral part of our journey and we can't wait to start tax season 😂

The 2023 final tax deadline was yesterday and we made it out alive 🤣 I’d like to thank each and every one of my clients for making this tax season the best year ever! 2024 has been such an amazing year for my company and my own personal growth. I’m grateful for the support and encouragement from all of you to go from a 9-5 with a part time company to a full time boss. I can’t wait to catch you next year as we gear up for 2024 tax season!!!
It’s coming!! Are you ready??

THANK YOU to all my clients!!!
Each and every one of you have made this 2023 tax season amazing and I’m grateful for you!
We made it past the big 4/15 deadline 🙌🏻🙌🏻 🎉🥳
Next stop…..9/15 & 10/15! Tax season is definitely not over but we made it this far.

If you haven’t filed your taxes and need help please feel free to reach out!
PM me or visit my site at:
Www.taxesandmoreunlimited.com
Call: 469-596-8081

Btw! Have you heard?? I’m working with some amazing people as partners, creating a brand new company and platform for all businesses!! Stay tuned for Blaze Business Concepts!
I 💜 BBC (yes that’s what our shirts will say 😎)

Taxes and More Unlimited | Accounting, Payroll, Tax Services| Dallas, TX, USA Unlock financial freedom with Taxes and More Unlimited. Experience top-notch accounting & bookkeeping services for your local business in Dallas, TX, USA.

Monday April 15th is the individual tax return deadline. If you haven’t filed or need an extension or just have questions, we are here to help!

Reminder ✍️
Business tax returns are due 3/15! If you still haven’t filed your business return please reach out!

Your friendly neighborhood accountant and tax professional here to give you more great tax advice during this amazing tax season! 😎

The most common thing I hear during tax season is, I don’t want to pay taxes. As a taxpayer myself and a professional who has prepared taxes for over 15 years, I can definitely understand that statement. Here are a few things to keep in mind when you are filing taxes and don’t want to pay in…..

If you own a business: A lot of accountants and tax professionals don’t tell you that whenever you are self-employed and you want to finance a home or a car or make any kind of large purchase your credit is only a small portion of what allows you to finance anything under your name or the business name. Your taxes now become your proof of ability to pay, and are strategically used to prove that you make enough income via NET PROFIT. The last three years is a typical industry standard for financing and current set of books is required. As a business, if you consistently show losses every year, they will laugh you out of the bank. ***tangent alert**** Did you know that you have to show a profit as a single-member LLC or a sole proprietorship once every three years or the IRS will call it a hobby, disallow your previous deductions and audit you?! Fun times!! Another fun fact is that mortgage lenders can add back depreciation and some other items to make you seem profitable but ultimately if you aren’t profitable enough you’ll have to go back and amend your tax returns and yea pay in….just to show that you can buy that house or pay for that car. And that my friends is way more expensive than paying the IRS to begin with.

If you are an individual: Remember taxes are a balancing of what you earned versus what you paid in. Now, unless you qualify for certain kinds of credits, typically you should not ever get a refund and potentially could owe strategically because of payroll withholding. I made a post earlier that describes payroll withholding, so check that out if you want more information on how to correct your W-4. At the end of the day, if you don’t qualify for earned income credit, or have any kind of dependents you likely will not get money back, but if as a tax preparer, we are able to get you money back it cannot exceed the amount you actually paid in over the year for federal withholding. So, say you only paid in a few hundred dollars in federal withholding, and the tax preparer was able to get you a refund, they could only get you back the few hundred you actually paid in (outside of any credits you may qualify for). We are unfortunately not magicians, and cannot conjure up money that you have not paid to get you a refund. If you do have dependents the likelihood of you getting money back significantly increases only because of the types of credits you qualify for.

At the end of the day, remember that your tax professional should be able to walk you through tax planning, regardless of your situation. We should be able to look at your previous returns and your current tax situation to give you a better idea of how to plan and keep the IRS off your back. Keep in mind that paying them is not always the worst either….I promise.

Lots of love to you all and if you have questions, reach out!!

Your Friendly Neighborhood Accountant & Tax Preparer wants to chat!
A client recently called me asking about a video she saw on TikTok for taxes and why single individuals without kids owe at tax time…..that it’s not fair. As a taxpayer advocate I truly believe in educating the public so let’s talk tax and allow me to answer!!

Your taxes (from an overall perspective, there are a few exceptions to the following statements) are simply a balancing. Stick with me….1) Earned Taxable Income 2) Minus Standard Deduction or Itemized Deduction 3) Equals AGI (Adjusted Gross Income) 4) Based on AGI, FEDERAL tax is calculated (social Security and Medicare are only balanced on your tax return) and bumped up against 5) FEDERAL taxes paid in (via W2 or payments made separately). So, what you earned vs. what you should’ve paid vs. what you actually paid. If you earn taxable income, you must pay taxes. Don’t shoot the messenger here.

Now, you’re an employee with a W2 and are single but end up owing. Why?? Answer: Each year the IRS updates the Federal Withholding Times Tables. Simply put, the way your federal taxes on your paycheck are calculated is updated annually. So you should update your W4 with your employer (that’s the form that tells the payroll processor how much federal withholding to take from your paycheck) to ensure the proper amount is taken out. If it’s not updated, circumstances change and so do calculations so yours could be wrong!! Typically I find that taxpayers have filled out an old W4 form or it’s filled out wrong when they owe at year end.

A few tips to consider:
If you are single, remember, you cannot claim yourself as a dependent. Everything across-the-board should be zero on your W-4.

I highly recommend you understand if you choose to adjust your federal withholding to increase your paycheck and not pay in those taxes over the year, you need to at least put 15% of your taxable earnings to aside to cover any potential missed federal withholding.

Remember, Social Security and Medicare are flat percentages that have not changed in decades. Social Security is 6.20% and Medicare is 1.45% These totals that are withheld from your paycheck are never going to be adjusted because they are straight percentages but are balanced on taxes. Federal withholding, however, is based on the year of the W-4, and the type of payroll calculation that the payroll provider is using. Yes, there are multiple methods to calculate it!!

If you have questions about your taxes, questions about payroll, questions about accounting, or anything, business related or personal, please do not hesitate to reach out Taxes & More Unlimited

Much love to you all!! 💜

The IRS 2023 e-file window is fast approaching! We are here and ready to get your taxes filed so don’t hesitate to reach out today! 

Happy New Year! Here are our current specials!

Happy New Year 🎆
Wishing you a safe and prosperous 2024