LB and Tax Accounting

Here are the top 4 ways YOU can support Black Businesses!

Celebrating Black Business Month this August! Let's honor and support the innovation, resilience, and excellence of Black-owned businesses. 🌟

Tax planning is important for a number of reasons, including:

✅1. Minimizing taxes owed: Tax planning allows individuals and businesses to take advantage of tax deductions, credits, and other strategies to reduce the amount of taxes they owe.

✅2. Maximizing after-tax income: By reducing taxes owed, tax planning can increase the amount of money that individuals and businesses have available to save, invest, or spend.

✅3. Avoiding penalties and interest: Failure to pay taxes or file tax returns on time can result in penalties and interest charges, which can add up quickly. Tax planning can help to ensure that all tax obligations are met on time, avoiding these additional costs.

✅4. Planning for the future: Tax planning can also help individuals and businesses to plan for the future, taking into account potential changes in tax laws or personal circumstances that could affect their tax liabilities.

Overall, tax planning is an important part of financial planning, and can help individuals and businesses to minimize taxes owed, maximize after-tax income, and plan for a more secure financial future.

In honor of black history month, many companies are offering grants for small businesses !


Grants are free no pay back money for your business !


Here are the ones listed in order :

1. FedEx small business grant : https://www.fedex.com/en-us/small-business/grant-contest.html
2. Square black equity grant : https://www.getfundid.com/grants/black-equity-grant-program
3. Fast Break for small business from Legal Zoom - https://www.legalzoom.com/fastbreakforsmallbusines
4. Barclays small business grant: https://www.barclayssmallbizbigwins.com
5. Ladies who launch grant : https://www.ladieswholaunch.org
6. Invest in progress grant program impact fund - https://www.bossimpactfund.com
7. Northwestern mutual - https://www.gener8tor.com/investment-accelerators/northwestern-mutual-black-founder-accelerator






#2023

Happy Tax season! Here are two more tax credits that most Americans qualify for that will help increase their tax refund or reduce the amount they owe!
Think you qualify ? Book free virtual appointment.
link in bio

Today marks the first day of E-file tax returns !
This is a reminder that most taxpayers- those that qualify and claim the EITC and ACTC will be receiving their tax refunds after February 15.
This is due to the PATH ACT law.



Need Help? Filing your tax return ? Link in bio to book free virtual appointment!








#2023

Attention all business owners if you paid an employee or contractor in 2022 you have until January 31, 2023 to file a w-2 or 1099.
File now to avoid penalties.
Need Help? Link in Bio to book free virtual appointment.










#2023

The IRS will start accepting tax returns starting January 23,2023.
Are you unsure of how to file or just need help?
We can help book a free virtual appointment via phone or video and get started today. *Link in bio*
It’s better to prepare early.





#2023

Looking to prep taxes for yourself or your business? Look no further than LB and Tax Accounting. We have a team of expert tax preparers who can help you with all of your tax needs. Whether you're preparing taxes for yourself, your business, or a loved one in need, we have the tools and resources to make your life easier. So don't wait any longer, contact us today and let us take care of the rest!

Looking for a tax preparation service that is both affordable and convenient? Look no further than LBandtaxAccounting. We offer the best tax service in town, with affordable prices and convenient hours. Our staff is talented and experienced, and they'll help you get your finances in order in no time. To learn more about our products or to request a consultation, please contact us today!

Do you want to start being organized and take care of your taxes? Well, look no further than tax planning! With tax planning, you can get your finances in order and start making smart financial decisions, all without having to leave your home. This program is designed to help you understand your current financial situation and how to make the best financial decisions for your future.

So what are you waiting for? Get started with LBTax & Accounting today!