05/27/2024
πΊπΈ We Remember and Honor πΊπΈ
This Memorial Day, we come together to pay tribute to the brave men and women who sacrificed their lives to defend our freedom. Their acts of courage and dedication will not be forgotten.
ποΈ "Those who have the courage to fight should also be remembered for the peace they have given us."
Carrion, Do Carmo & Co.
05/12/2024
To the mothers who balance love and career, who inspire with their strength and dedication, Happy Mother's Day! You are true superheroes, shaping the future while making it happen in the present.
Carrion, do Carmo & Co.
04/22/2024
Carrion, from Carmo & Co. will be shining as one of the official sponsors at Expo Brazil NYC 2024.
An unmissable opportunity to experience the best of Brazil on New York soil.
Join us to explore Brazil's diversity, culture and entrepreneurial spirit at this incredible fair.
We can't wait to share this journey with you!
Follow us on Instagram so you don't miss a single flash of this incredible event.
Carrion, Do Carmo & Co.
π’ 31-19 Newtown Ave, Ste 300 Astoria NY 11102β
π718 494 4499β
β [email protected]β
Β Β Β
04/20/2024
if you're late with your tax return, don't panic!
it's time to act smartly and minimize the financial impact. In this post, we'll guide you through the steps you need to take to get back on track with your irs and avoid complications.
1οΈβ£ understand the situation: First of all, assess the extent of the delay and the possible additional charges. Knowledge is power!
2οΈβ£ Gather the documents: Organize all the financial documents you need to file an accurate tax return. The more organized you are, the smoother the process will be.
3οΈβ£ Seek professional assistance: If you're feeling overwhelmed or unsure, don't hesitate to seek the help of an accountant or tax advisor. Here at Carrion, do Carmo we have trained professionals who can provide guidance tailored to your specific situation.
4οΈβ£ Establish a payment plan: If you owe taxes, it's important to establish a viable payment plan. Contacting the IRS can result in installment options and help you avoid harsher penalties.
5οΈβ£ Avoid repeating the mistake: Use this experience as a learning opportunity. Implement financial organization systems to avoid future delays and stay on top of your tax obligations.
Remember that being up to date with your taxes is fundamental to your financial stability and to avoiding headaches in the future. πΌπ‘
Visit our website to keep up to date:
π https://carriondocarmo.com/
Get in touch with Carrion, Do Carmo:
π’ 31-19 Newtown Ave, Ste 300 Astoria NY 11102
π718 494 4499
β [email protected]
04/15/2024
π¨ Last call for extensions! Ensure your taxes are squared away before it's too late. Don't miss these important deadlines!
P.S: Remember, while the extension grants more time for filling, it doesn't exempt you from the late payment penalty. However, it does spare you from the late filing penalty.
Visit our website to stay up to date:
π https://carriondocarmo.com/
Contact Carrion, Do Carmo:
π’ 31-19 Newtown Ave, Ste 300 Astoria NY 11102β
π718 494 4499β
β [email protected]β
Β
04/05/2024
Did you know that the deadline for filing your income tax return is approaching? With the April 15 deadline looming, it's time to take action and ensure your taxes are in order.
One smart way to file your taxes efficiently and error-free is through e-filing. Not only is it quick and convenient, but it can also help you avoid common errors and ensure your return is processed accurately.
By opting for e-filing, you may qualify for direct deposit, meaning your refund could reach you in as little as 21 days after filing. That's right, in less than a month, you could have your refund in hand!
Furthermore, e-filing is free for most people, providing an affordable way to fulfill your tax obligations without any extra costs.
So, if you haven't filed your tax return yet, don't wait until the last minute! Take advantage of the ease of e-filing and get closer to your refund faster. Visit the IRS website or use IRS Free File to get started today. Your wallet will thank you! π°β
Visit our website to stay up to date:
π https://carriondocarmo.com/
Contact Carrion, Do Carmo:
π’ 31-19 Newtown Ave, Ste 300 Astoria NY 11102β
π718 494 4499β
β [email protected]β
03/21/2024
Keeping your personal and business finances separate is essential for accurate accounting and effective financial planning. Organization is key to success in financial management, whether on a personal or business level. Separating your finances not only makes it easier to track expenses and income but also saves time, especially during tax season.
Here are some tips to keep your finances in order and your mind at ease:
1. Separate Bank Accounts: Open separate accounts for your personal and business finances. This prevents the mixing of expenses and income, making it easier to track transactions and assess financial health.
2. Accurate Records: Maintain detailed records of all transactions. Use accounting software or spreadsheets to record expenses, income, invoices, and payments. Classify each transaction as personal or business for easy identification.
3. Separate Budgets: Establish separate budgets for personal and business expenses. This helps control spending and ensures each area operates within its financial means.
4. Deadlines and Payments: Be aware of payment deadlines. Avoid unnecessary delays by paying bills on time and set reminders to avoid missing important payments.
5. Consult Professionals: Consider hiring an accountant or financial advisor. They provide valuable insights and help optimize your financial strategy.
Keeping your personal and business finances separate and organized leads to successful financial management. It provides control and security, allowing for more informed and strategic financial decisions. Remember, organized finances mean peace of mind!
Visit our website to stay up to date:
π https://carriondocarmo.com/
Contact Carrion, Do Carmo:
π’ 31-19 Newtown Ave, Ste 300 Astoria NY 11102β
π718 494 4499β
β [email protected]β
03/18/2024
ππ‘ Investors, get ready for a very important investment tax tip in 2024!Β
π°β¨ Did you know that tax rates can have a big impact on your capital gains and dividends? πΈπ Don't underestimate the importance of understanding how these rates can affect your investments. π€π‘
Plan your strategies wisely and make the most of your investments while keeping a clear view of the tax implications. πΌπ Stay on top of all the tax nuances and stay one step ahead! πͺπ
π Want more guidance on how to optimize your tax situation? Rely on the expertise of Carrion, do Carmo & Co., specialists in financial and tax planning. Get in touch today and make sure your investments are aligned with your financial goals!Β
Visit our website to stay up to date:
π https://carriondocarmo.com/
Contact Carrion, Do Carmo:
π’ 31-19 Newtown Ave, Ste 300 Astoria NY 11102β
π718 494 4499β
β [email protected]β
Β Β Β Β Β Β Β Β Β Β Β Β Β Β
03/14/2024
Did you receive Form 1099-K in 2024?
Don't worry, our tip of the day is: check, report and comply!
Pay attention to the details and include this information correctly in your tax return to avoid headaches in the future.
Need help? Consult our accounting professionals!
Visit our website to stay up to date:
π https://carriondocarmo.com/
Contact Carrion, Do Carmo:
π’ 31-19 Newtown Ave, Ste 300 Astoria NY 11102β
π718 494 4499β
β [email protected]β
03/08/2024
Women: the heart, soul and strength behind so many success stories.
On this Women's Day, may we celebrate our resilience and ability to overcome any challenge!
Carrion, do Carmo & Co.
03/04/2024
Tax season isn't just about federal taxes! State and local taxes also play a key role.
Here's a quick guide to get you up to speed:
1οΈβ£ Why they matter: State and local taxes fund essential services such as schools, roads and public safety. Understanding them ensures that you are effectively contributing to your community.
2οΈβ£ Types of taxes: Each state has its own tax laws, covering income, sales, property and more. Local taxes also vary, so be sure to check the regulations in your area.
3οΈβ£ Tax credits and deductions: Just like federal taxes, state and local governments offer credits and deductions. Don't miss out on the chance to save - explore what's available in your area.
4οΈβ£ Filing requirements: Even if you don't owe federal taxes, you may still need to file state and local returns. Stay compliant to avoid penalties.
Do you have any questions about state and local taxes? Get in touch with us and let the professionals at Carrion, do Carmo & Com take care of both.
Visit our website to stay up to date:
π https://carriondocarmo.com/
Contact Carrion, Do Carmo:
π’ 31-19 Newtown Ave, Ste 300 Astoria NY 11102β
π718 494 4499β
β [email protected]β
03/01/2024
π If you received a Form 1099-K, don't panic! It's important to understand why you received it and how to use it correctly on your tax return.
πΌ Use the form and your records to calculate and report your correct income. Even without Form 1099-K, if you received payments for goods, services, or properties, you must report your income. This includes cash payments, properties, goods, digital assets, or foreign sources or assets.
β
Follow these steps for Form 1099-K:
1- Check the information on the form: Make sure your name and taxpayer identification number (TIN) are correct.
2 - Verify the gross payment amount: Ensure that the gross payment amount accurately reflects the payments you received.
3 - Check your records: Use your records, such as reports from payment apps or online markets, to confirm the accuracy of the gross payment amount and identify deductible expenses.
π°π‘ Use Form 1099-K to help report your income correctly. How you report payments from Form 1099-K depends on the type of transaction you made. If you sold a personal item at a loss, you can zero out the reported gross income on the form. If you sold a personal item at a profit, you should report the profit as taxable income.
ππ If you receive a Form 1099-K when you shouldn't or if it contains incorrect information, contact the issuer to obtain a corrected form. Don't wait to file your taxes - file your return even if you can't get a corrected form immediately.
Now that you understand what to do with Form 1099-K, you're ready to tackle tax season with confidence! πΌπ°
Visit our website to stay up to date:
π https://carriondocarmo.com/
Contact Carrion, Do Carmo:
π’ 31-19 Newtown Ave, Ste 300 Astoria NY 11102β
π718 494 4499β
β [email protected]β