Tangmade the Taxlady

10/08/2026

BUSINESS OWNERS, LET’S TALK BOOKKEEPING!

A client recently asked me how their bookkeeping should change as their business grows. So let’s talk about something many business owners don’t understand: Cash Basis vs. Accrual Basis Accounting.

Let me break it down like we’re in the fifth grade!

CASH BASIS: You do somebody’s hair in September, but they don’t pay you until October. You count that money in October because that’s when you got paid.

ACCRUAL BASIS: Same situation, but you count that money in September because that’s when you earned it, whether they paid you or not.

NOW HERE’S THE PART THAT MATTERS!

Most small businesses start with cash basis because it’s simpler. Larger businesses often use accrual because it helps them track money earned, bills owed, and their overall financial picture.

Your books might show $20,000 in revenue, but you only have $8,000 in the bank!

Just because your business is profitable on paper doesn’t mean you have cash available to spend.

Growing a business means understanding your numbers, not just watching your bank account.

GET TANGMADE!
www.tangmade.com

09/28/2026

09/22/2026

One last tax post because apparently I went on a whole tax rampage tonight and didn’t schedule NONE of it. I just posted it all. Lol.

But I’m not gonna keep telling y’all to stop filing exempt. Go look at that check stub and fix that W-4 NOW. If you’ve been filing exempt or not having enough federal tax withheld, changing it now could at least help you for the rest of the year.

Don’t wait until tax season and look at me crazy.

09/22/2026

There is no IRS program officially called the “IRS Forgiveness Program.” It’s called an Offer in Compromise, and not everybody qualifies.

You can research this yourself directly through the IRS. Stop letting these third-party companies sell you a dream and hustle you out of thousands of dollars promising to “wipe away” your tax debt.

09/22/2026

If you’ve NEVER taken a tax class and you’re out here preparing people’s tax returns, you’re a fraud.

That’s the post.

09/22/2026

HEYYYY YOU GUYSSSS!

If you get paid to care for someone who lives in the same home as you, that W-2 may not be fully taxable!

Certain Medicaid waiver “difficulty of care” payments may be excluded from federal taxable income. And here’s the kicker: they may still count as earned income for EITC and ACTC.

Tax preparers, know what you’re looking at before you just plug that W-2 in and keep moving.

Tangmade Tang Taxes , United States , Tangmade.com

09/22/2026

If your mentor showed you how to do fraud, y’all probably BOTH going to jail. I’m just saying.

09/22/2026

If you don’t know your mentor’s first and last name, have a real phone number for them, or know where their business is located, your scammer senses should be tingling like Spidey senses. Something ain’t right.

09/22/2026

If you’re working under somebody in the tax business and they don’t have you sign a contract clearly explaining the terms, throw them away. Know what you’re agreeing to before tax season starts.