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We're accepting new clients for Tax preparation & resolution! Schedule a consultation with us today. Link in Bio!
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Precision Financials by @precisionfinancialgroup

22

1

3 years ago

Beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

📌65.5 cents per mile driven for business use, up 3 cents from the midyear increase setting the rate for the second half of 2022.

📌22 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, consistent with the increased midyear rate set for the second half of 2022.

📌14 cents per mile driven in service of charitable organizations; the rate is set by statute and remains unchanged from 2022.

📌These rates apply to electric and hybrid-electric automobiles, as well as gasoline and diesel-powered vehicles.

📌The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs.

☎️ Looking for a tax preparer? Call us! taken in Houston, Texas by @precisionfinancialgroup

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9

4 years ago

It’s #refundszn 🤑

#taxes #taxbusinesscoach #Taxpreparer #taxprofessional #Taxseason #Finance #ceomindset #girlboss #taxpreparation #accountant #creditrepair #investment #financialfreedom #taxservices #cpa #taxhelp #consulting #income #entrepreneur #Taxpreparer #taxsolutions #federaltax #statetax #taxlaws #taxcalculations #taxpayers #revenue #taxcodes #taxstrategy by @precisionfinancialgroup

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3

4 years ago

Pay your taxes on time‼️🥴
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https://www.irs.gov/newsroom/interest-rates-increase-for-the-second-quarter-of-2022
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Click the link in my bio to schedule your free consultation!

https://precisionfinancials.as.me/ by @precisionfinancialgroup

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1

4 years ago

Hey girl hey!!

📌In need of funding for your business, to scale and make more money? Or wanting to purchase a home and qualify for a mortgage loan?

📌You must show profit! Writing everything single thing off in business expenses will, YES, decrease your tax liability however you won’t be able to show any profit to the banks or venture capitalist to ensure that you have money to pay it back!!

📌What should you do? File your taxes and pay what you owe. Paying taxes is a necessary business expense.

Need help?! Book a free call with us!

https://precisionfinancials.as.me/ by @precisionfinancialgroup

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9

4 years ago

Tax update‼️
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Treasury offset for student loan payments has been suspended! by @precisionfinancialgroup

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2

4 years ago

Love ❤️ is always the season!
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Happy Valentine’s Day! Choose Love today💕! Xoxo 💋
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. by @precisionfinancialgroup

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2

4 years ago

🥴🥴🥴🥴

https://www.washingtonpost.com/politics/2022/02/11/irs-returns-backlog/ by @precisionfinancialgroup

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2

4 years ago

Jan. 1, 2022, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
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🚙 58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2021,
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🚙 18 cents per mile driven for medical, or moving purposes for qualified active-duty members of the Armed Forces, up 2 cents from the rate for 2021 and
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🚙 14 cents per mile driven in service of charitable organizations; the rate is set by statute and remains unchanged from 2021.
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Like.Share.Comment. For more tax tips!
@PrecisionFinancialGroup taken in Houston, Texas by @precisionfinancialgroup

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2

4 years ago

📌Tax write-offs are qualifying expenses that can be claimed as a deduction on a tax return. They are deducted from revenue to calculate taxable income.
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Need Tax Services for your small business? Schedule a consultation.
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📧 info@PrecisionFinancial.com taken in Houston, Texas by @precisionfinancialgroup

12

3

5 years ago

It’s OFFICIALLY TAX E-FILING DAY!
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Here are some important steps you can take to insure your tax return and refund don’t face processing delays.
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📌File electronically with direct deposit.
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📌Do not file without your Economic Impact Payment.(Letter 6475)
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📌Do not file without your Advanced Child Tax Credit payments.(Letter 6419)
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📌If you are not required to file a tax return, however you received the Impact Payment (stimulus) and or the advanced Child Tax Credit payments, you will need to file in order to claim the credit or to reconcile advance payments of the Child Tax Credit.

📌Expect a 1099-MISC If you were paid $600 or more.
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Click the link in my bio to get your taxes prepared by the @precisionfinancialgroup taken in Houston, Texas by @precisionfinancialgroup

9

3

5 years ago

Business owners/self employed,

‼️One of the first steps to make when starting a business is to open a separate bank account. This is where you deposit all the revenue from your business and where you keep the funds to pay all your business expenses.

🗂Although it is common to personally fund your venture in the early stages of the business, these funds should be coursed through the business account and not paid out directly from a co-mingled account.

🗂Having a separate business account will make things much easier when recording the financial activities of the business.

🗂One fail-safe strategy is to put money for taxes in a separate account as soon as you receive it. This way you know the money for taxes is always coming from the gross income to which it applies.

🗂The best way to ensure that you don't steer a new business venture away is by planning ahead to avoid potential money lost.

🗂Filing a business return and need help, book a free consultation. Link in bio. taken in Houston, Texas by @precisionfinancialgroup

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5 years ago