Clark's Taxes & More

10/15/2026

TODAY IS THE DEADLINE! DON'T RISK IRS PENALTIES!

06/18/2026

Business making over $50k+ annually? Time to cut ties with self employment taxes!

03/08/2026

ATTENTION TEENAGERS!!

02/11/2026

🚨 **S-CORP OWNERS: This Post Can Save You THOUSANDS in Taxes** 🚨

If your business is taxed as an **S-Corporation**, your taxes are *not* “set it and forget it.” One mistake can trigger IRS scrutiny, cash flow issues, or missed tax savings.

Here’s what every S-Corp owner needs to **look out for, avoid, and use** 👇

✅ **LOOK OUT FOR**
• Paying yourself an *unreasonable salary* (too low = IRS red flag 🚩)
• Messy or outdated books that don’t match payroll or tax filings
• Cash flow surprises because taxes weren’t planned, just paid

🚫 **AVOID**
• Mixing personal and business expenses
• Guessing at quarterly estimates instead of planning them
• Waiting until tax season to “see what happens”
• Using bookkeeping software without understanding what it’s telling you

💡 **USE THIS TO SAVE ON TAXES & PROTECT CASH FLOW**
• A properly structured **reasonable salary + distributions strategy**
• Monthly bookkeeping reviews (not once a year)
• Cash flow forecasting so taxes don’t drain your business
• Clean, accurate financials that are **tax-ready and audit-defensible**

📌 **S-Corps don’t save money by accident. They save money with strategy.**

If you’re an S-Corp owner making real money and want:
✔️ Lower tax exposure
✔️ Stronger cash flow
✔️ Clean, healthy financial books
✔️ A professional who actually understands S-Corp rules

👉 **Book a consultation here:**
🔗 [https://clarks-taxes-more.square.site](https://clarks-taxes-more.square.site)

Let’s make sure your S-Corp is working *for* you—not against you. 💼💰

Send a message to learn more

02/03/2026

I asked chatgpt to “Create a caricature of me and my job based on everything you know about me” and it even added in my hobby. 🥰

02/03/2026

LET'S GET YOU STRESS FREE!

02/03/2026

💡 TAX TIP: HOW TO DEDUCT YOUR QUALIFIED OVERTIME PAY

If you’re hearing about deducting overtime pay, here’s how it works in practice 👇

✅ Step 1: Confirm the overtime is “qualified.”
Qualified overtime is generally the extra premium portion paid for overtime (the amount above your regular hourly rate), not your entire paycheck.

🧾 Step 2: Check your W-2.

Most employers still include overtime in Box 1 (Wages)

Some employers list overtime separately in Box 14 or a payroll statement
➡️ Separate listing helps your tax preparer calculate the deduction but is not required.

📄 Step 3: Claim the deduction on your tax return.

The deduction is taken on your federal return, not through payroll

It reduces taxable income, it does NOT make overtime completely tax-free

Social Security and Medicare taxes still apply

⚠️ Important Notes:

This is a deduction, not an exclusion

Income limits and annual caps may apply

State tax rules may be different

📌 Pro Tip: Don’t assume your overtime is automatically excluded just because it’s listed separately. Proper calculation matters.

📞 Need help reviewing your W-2 or maximizing deductions?
Clark’s Taxes & More has you covered — serving all 50 states.

Send a message to learn more

01/27/2026

Schedule your appointment today and be on your way!✈️✈️

01/27/2026

The refund that you deserve! book now.