Tax Planning
Your Estimated Tax Problem
Quarterly Tax Payments: Are You Paying Too Much — or Not Enough?How a simple year-end review can protect your wallet and your peace of mind. Most small business owners think estimated taxes are straightforward: make four payments, stay out of trouble. But in reality, life changes. Income changes. Markets change. Cash flow changes. And that…
Read MoreAre Your 2025 Estimated Taxes on Track? A Smart Year-End Checkup Is In Order
As we approach the end of the year, it’s important to remember that the IRS doesn’t operate on a “see you next April” system. Federal taxes are pay-as-you-go, which means the IRS expects your tax payments throughout the year. If your estimated payments have slipped behind, you may face an underpayment penalty — something no…
Read MoreSeptember Tax Deadlines
📅 September Tax Deadlines to Know 👉 Stay ahead of deadlines—don’t risk penalties or missed opportunities. I’m here to help you stay compliant and keep more of what you earn.
Read MoreReceipts Management – More important than you think.
Did you know keeping your receipts organized now can save you hundreds at tax time? Michael Cook Tax & Bookkeeping LLC can help you set up a simple system to track your expenses using QuickBooks or easy alternatives that fit your lifestyle. Message us today to schedule your free 15-minute consultation to get your finances…
Read MoreFinish Your Year Strong
With only A Few Days Left In 2023, the best way to finish your year (2023) strong and get a jump start on your taxes is to connect with a Tax Pro. Get some tax planning in. Have your questions answered. Take the necessary steps to make your small business tax-ready. Times are hard. It…
Read MoreBe Wary of Shady Tax Preparers and Scams!
Be careful of shady tax professionals and watch for common warning signs, including charging a fee based on the size of the refund. A major red flag or bad sign is when the tax preparer is unwilling to sign the dotted line. Avoid these “ghost” preparers, who will prepare a tax return but refuse to…
Read MoreBetter Late Than Never!
The IRS deadline to file your 2021 personal tax return which you placed on extension is October 17th! For many of you, unfortunately, even with this additional 6 months extension you still cannot make the deadline. Claiming ‘the dog ate your tax papers’ might not work for the IRS. But let’s forget the dog crap.…
Read MoreDo You Expect Guarantees?
The fact is YOU are responsible for your own success, in each area of your life as well as with your finances and business success. If you are in a place where you are unsure of the value you bring to the table all by yourself that is ok also: none of us ever does…
Read MoreCollege students should study up on these two tax credits
Anyone pursuing higher education, including specialized job training and grad school, knows it can be pricey. Eligible taxpayers who paid higher education costs for themselves, their spouses, or dependents in 2021 may be able to take advantage of two education tax credits. The American opportunity tax credit and the lifetime learning credit can help offset…
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