Colella CPA Co, PC

🧐Did you know that taxes must be paid as you earn or receive income during the year, either through withholding or estimated tax payments? (save and share)

If you are in business for yourself, you generally need to make estimated tax payments.

Estimated tax is used to pay not only income tax, but other taxes such as self-employment tax and alternative minimum tax.

If you don’t pay enough tax through withholding and estimated tax payments, you may be charged a penalty.

You also may be charged a penalty if your estimated tax payments are late, even if you are due a refund when you file your tax return.

Individuals, including sole proprietors, partners, and S corp shareholders, generally have to make estimated tax payments if they expect to owe tax of $1k or more when their return is filed.

They don’t make it easy on us 😪which is why as the new year is approaching, I am opening up a few more slots to help you save yourself thousands in money, time, and stress.

Secure your call today! or give us a call at 347-627-0060.




#2023

Taxes can be complicated (drop a 🙋‍♂️if you agree)⁣
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Business taxes can be even more difficult.⁣
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If you own a small business or large corporation , tax time can be challenging. ⁣
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The livelihood of any company is at least partially dependent on its ability to minimize its tax liability, while meeting the requirements of the IRS.⁣
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While taxes are rarely an enjoyable or interesting topic, they are a part of any business owner’s life.⁣
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Get a handle on your business taxes can increase your income and help you avoid legal issues.⁣
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𝐓𝐡𝐞 𝐫𝐞𝐚𝐥 𝐤𝐞𝐲 𝐭𝐨 𝐬𝐚𝐯𝐢𝐧𝐠 𝐭𝐚𝐱𝐞𝐬 𝐢𝐬 𝐥𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐡𝐨𝐰 𝐭𝐨 𝐬𝐚𝐯𝐞 𝐦𝐨𝐧𝐞𝐲 𝐁𝐄𝐅𝐎𝐑𝐄 𝐭𝐚𝐱 𝐬𝐞𝐚𝐬𝐨𝐧.⁣
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That’s why I have opened up my calendar for a few more days to help you save 5-7 figures in taxes NOW 😎⁣
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Make sure to lock in your call today! (link in comments)⁣

POP QUIZ! What is your BIGGEST expense? ⁣
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Most people think that their mortgage, car note, student loan, kids are their biggest expense…⁣
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BUT in , one of your biggest expenses is .⁣
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You see – 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐚 𝐩𝐫𝐨𝐩𝐞𝐫 𝐩𝐥𝐚𝐧 𝐢𝐧 𝐩𝐥𝐚𝐜𝐞 𝐨𝐫 𝐤𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐚𝐭 𝐭𝐚𝐱 𝐜𝐨𝐝𝐞 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐨𝐯𝐞𝐫𝐩𝐚𝐲𝐢𝐧𝐠 𝐢𝐧 𝐭𝐚𝐱𝐞𝐬.⁣
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For example: if you’re a business owner with a salary of $10 mil a year in California, 52.4% of it will go towards income taxes 😩⁣
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In fact, a recent study showed that over 90% of people are overpaying in taxes.⁣
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You may think it’s expensive to hire a CPA, but it’s going cost you a fortune 💸 if you don’t hire one ⁣
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If you’re looking to keep more of your money so that you can build generational wealth, I still have a couple spots open⁣
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Make sure to lock in your call today! (link in comments)⁣
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As the year winds down and holiday cheer in the air, the last thing you probably want to thing about is your .⁣
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However, it’s a great time to implement last minute tax strategies to maximize your deductions for this year and minimize your taxes BEFORE tax season. ⁣
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It’s never too late to save!⁣
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𝐃𝐢𝐝 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐲𝐨𝐮 𝐜𝐚𝐧:⁣
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➡️ Prepay expenses for next year⁣
➡️ Delay or defer your income to next year⁣
➡️ Contribute to tax-deductible retirement accounts⁣
➡️ And much more!⁣
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This week I opened up my calendar to break down all these tips and techniques to help you save more and build your 🙌⁣
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Make sure to lock in your call today! (link in comments)⁣
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Did you know at Colella CPA we offer tax planning? ⁣
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Yes, we go beyond filling out forms and offer our clients real tax savings!⁣
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We’re not just preparing tax returns at the end of the year – we strategize with our clients on tax implications of their business decisions before they make them. ⁣
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Is there an investment you would like to make?⁣
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Do you want to add another location for your business (whether it be office or restaurant)?⁣
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Are you looking to retire at a specific age?⁣
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With our tax planning services, we review and analyze hundreds of tax planning strategy combinations and finalize the best plan for you. ⁣
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Drop a 🙋‍♂️ if you’re interested in the most effective way to pay less on taxes and achieve your financial goals⁣
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Talk soon,⁣
Mark⁣
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Speak positive words into your life every single day.

Think BIG.

Think happiness.

Think mindset.

Drop a 💙 if you agree!

Whether you’re a full-time business owner or side hustler, business deductions can save you BIG on taxes (SAVE THIS 📌)⁣
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The real secret is to proactively learn about what strategies are available AND implement those strategies.⁣
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For more tips on how to save big on taxes, be sure to check out my e-book (1st link in bio)⁣
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Happy Savings!⁣
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-Mark⁣
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🔥 🔥This JUST in! 🔥 🔥

The IRS last week announced it will waive penalties for many Americans who “late-filed” tax returns during the pandemic.

Nearly 1.6 million filers will automatically receive a collective $1.2 plus in penalty refunds or credits, according to the federal agency, with many payments expected to come by the end of .

According to CNBC, the IRS said “the relief applies to many individuals and businesses that filed tax returns for 2019 and 2020 late”.

Because of all of these updates, I’ve opened up a few slots to talk about how to take advantage of these changes, and save over $50k in taxes before the end of the year!

DM me “NEWS” to get the link or call directly 347-627-0060!