Welcome to Tax Tuesday Insider! If you are a business, one of the most crucial decisions you’ll make is choosing the right structure for your business. Many entrepreneurs find themselves weighing the benefits of sticking with an LLC versus electing to become an S Corp—but how do you know which is right for you. Let’s dive into the thought process you should follow when considering this important decision: 📊 1. Understand Your Current Profit Margins The decision often starts with your...
9 months ago • 1 min read
Welcome to Tax Tuesday Insider! Welcome back to another edition of Tax Tuesday Insider, where we dive into the tips, tricks, and common pitfalls that can make or break your tax strategy. Today’s topic: Are you wasting your money forming an LLC? You’ve probably heard that forming a Limited Liability Company (LLC) is the first step for any aspiring entrepreneur. But guess what? For many small business owners, forming an LLC could be an unnecessary—and costly—mistake. Here’s why: 1. LLC ≠ Tax...
10 months ago • 3 min read
Welcome to Tax Tuesday September 10, 2024 Hi Reader September 15th Deadline is Here for S-Corps and Partnerships!The clock is ticking for businesses that filed for an extension! If you operate an S-corporation or partnership and requested an extension back in March, the final deadline to file your tax return is September 15th—just a few days away. Penalties for Missing the September 15th DeadlineMissing this deadline can result in significant penalties. Here’s what you could face:...
10 months ago • 1 min read
Dear Reader I hope you're doing well. This is a quick reminder to send in your tax documents by September 20th, as the dead the line is approaching. Getting everything in by this date will help us avoid any last-minute rush and ensure your tax returns are filed on time, without penalties. Feel free to reach out if you have any questions or need assistance. Thank you! Have an outstanding day,Camari Ellis Philly Tax Team
10 months ago • 1 min read
Sorry, I got a few messages saying the link didn't work Hey Fam & Friends, Big news! My son Chane and his superhero team did something AMAZING! Their robot, they call it Eclipse, has danced its way past 77 other teams, snagging the Design Award and a golden ticket to the VEX WORLD Robotics Competition in Dallas this April! 🌟 They are taking the global stage by storm and missing prom for robots (because who needs slow dances when you can have fast gears?). Most of them have been obsessed over...
over 1 year ago • 1 min read
Hey Fam & Friends, Big news! My son Chane and his superhero team did something AMAZING! Their robot, they call it Eclipse, has danced its way past 77 other teams, snagging the Design Award and a golden ticket to the VEX WORLD Robotics Competition in Dallas this April! 🌟 They are taking the global stage by storm and missing prom for robots (because who needs slow dances when you can have fast gears?). Most of them have been obsessed over robotics since middle school, and now they are on the...
over 1 year ago • 1 min read
Hi Reader I hope this message finds you well and ready to make a difference! We're thrilled about the upcoming Philly Tax Clinic on March 9th at Location: Philly Photo Spot, at The Willow Grove Mall 2500 W Moreland Rd Suite 2080, Willow Grove, PA 19090 (2nd Floor Next To Bloomingdales) This event was created to offer free, expert tax assistance to individuals earning $64,000 or less. It’s a unique chance to turn tax confusion into clarity, but we need your help to spread the word! A Little...
over 1 year ago • 1 min read
Dear Reader Roses are red, violets are blue, and taxes are inevitable, but stress doesn’t have to be too! Happy ValenTax Day from your admirers at Philly Tax Team.💖 Today, we’re not just celebrating love in the air but also the love for making smart financial decisions (and possibly, the love for getting those taxes done early). We've got some heart-fluttering offers that are better than chocolate and will last longer than flowers! 💌 Exclusive ValenTax Day Love Letters (Offers) Just for You:...
over 1 year ago • 1 min read
Dear Reader, I hope this message finds you well. As we step into the heart of tax season, we want to ensure you’re fully prepared and informed about the key deadlines to avoid any unnecessary stress or last minute rush. For Individual Filers: The deadline to submit your paperwork for is March 15th. This timeline is crucial to ensure we can process your return efficiently and help you meet the IRS filing deadline without any delays. For S-Corporations/ Partner: For our clients operating...
over 1 year ago • 1 min read