Lotus Financial Group

06/17/2023

Hey everyone! 📢 We're always striving to create content that resonates with you. 💯 So, let us know in the comments below 👇 what type of content do YOU want to see more of? 🧐 Your input is invaluable! 🌟

06/16/2023

📣 Attention hardworking individuals! Say goodbye to tax-season stress with our expert tax preparation services 📚💼 Get your maximum refund, save time, and let us handle the paperwork 📝💰 Contact us today for a hassle-free tax experience! ✅🔥

06/15/2023

Hey everyone! 🗓✍️ Just a friendly reminder that today is the deadline for paying your quarterly estimated taxes. Don't forget to make your payment to avoid any penalties and to keep your finances in check. 💵💼

Stay on top of your financial game, and make sure to mark your calendars for the next deadline. Happy adulting! 🎯💪

06/14/2023

We don't play around when it comes to getting the job done. Our services are top-notch and our prices are unbeatable. Get the best of both worlds with us!

06/13/2023

✨Meet the visionary behind our success: Mary Drummer! Her passion, dedication, and innovative thinking has propelled our company to new heights. Here's to the driving force that continues to inspire us every day! 🙌

06/12/2023

Here's a friendly reminder, the 2nd quarter (April 1 – May 31) tax liability deadline is June 15.

Be sure to keep a record of all your estimated tax payments because you will need to enter estimated taxes you have paid when you file your taxes.

Save this post and tag your entrepreneur friends!

06/09/2023

Some tax humor this Friday

06/08/2023

Unlock the power of tax-free savings for your healthcare needs with a Health Savings Account (HSA) 🏥💰 The IRS announced increased contribution limits --- and they're the largest we've seen in a while!

Don't know what an HSA is or if it's right for you? 𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝘁𝗵𝗲 𝗻𝗲𝘄𝗲𝘀𝘁 𝗽𝗼𝘀𝘁 𝗼𝗻 𝗼𝘂𝗿 𝗯𝗹𝗼𝗴 where we give you the complete rundown. 💪

06/06/2023

🤯 Feeling overwhelmed having to remember exactly what to do on a weekly, monthly, quarterly AND annual basis for your business!?

You're in the right spot!

Click the link in our bio to download our FREE bookkeeping checklist to keep you organized and on track for the second half of 2023.

06/03/2023

Without Trans Women of Color, there would be no Pride. 🏳️‍🌈 We love our fellow Q***r, Bi, Nonbnary, and Trans siblings and will do everything in our power to support and protect them -- by any means necessary. ❤️🧡💛💚💙💜

Comment below with trans orgs we can all support and uplift.

06/02/2023

📆 June is here and that means one thing: QUARTERLY ESTIMATED TAXES ARE DUE!

Not sure exactly how much you need to pay? Here's a quick breakdown of the who, when, and how much of estimated taxes.

Want some help figuring out EXACTLY how much you need to pay to avoid penalties? I can help! 📲

Hit up our to schedule a quick Discovery Call and be sure to check out our FREE Intro to Estimated Taxes guide!

06/02/2023

06/01/2023

It's time to refresh and renew! 💃 We've given our website a makeover and updated our branding - check it out and let us know what you think! 🤩

05/31/2023

1.5 million taxpayers are missing out on some major cash because they didn't file their 2019 tax returns.

Normally, you have three years to file if you're due a refund, but due to the COVID-19 pandemic, the deadline for 2019 has been extended to July 17, 2023.

Some credits taxpayers may qualify and claim include:

The Child Tax Credit
The Child and Dependent Care Tax Credit
The Earned Income Tax Credit

Book a Discovery Call today to get those 2019 taxes filed ASAP.

#2019

05/28/2023

Did you know that over the past decade, the U.S. tax code has been amended or revised over 4,000 times? 🤯

At Lotus Financial Group, we are constantly learning and staying up-to-date with the latest trends and innovations in the tax industry. Because when we know better, we do better. And customer satisfaction is at the heart of everything we do.

Let us know in the comments what you find most interesting about taxes.

05/26/2023

Did you know that Lotus Financial Group is a Bookshop affiliate?

With summer right around the corner, now is the time to stock up your beach bag on Bookshop.org this weekend and you’ll be automatically entered to win a $250 gift card!

Hit up our store at: https://bookshop.org/shop/lotusfinancial to support LFG and local bookstores.

05/25/2023

Wondering WHY I'm talking about 2019 taxes in 2023?! 💸

It's because there is still $1.5 billion in unclaimed refunds for the 2019 tax year, and your time is running out to claim this money.

If you haven't filed your 2019 taxes, you'll want to do so before July 17, 2023 to be eligible to claim any refund owed to you.

Need help catching up? Hit up the link in our bio to schedule a Discovery Call and file with us ASAP.

05/24/2023

Let's talk tax credits! There are two main categories: Refundable vs. Non-Refundable.

Refundable tax credits reduce the amount of money you owe to the IRS. If the tax credit is greater than the amount you owe, you'll get the difference back in a refund.

Non-Refundable tax credits reduce the amount you owe to the IRS, and if the credit is greater than the amount you owe, you DON'T get the difference back as a refund.

Then, there are some tax credits (like the American Opportunity Tax Credit) that are partial refunds.

Not to confuse you even more, but during the coronavirus pandemic, many non-refundable tax credits were made either fully or partially refundable for the 2021 tax filing year.

The federal government and the IRS are constantly changing tax laws to meet whatever economic ebbs and flows we're experiencing. This is why it's critical to have your taxes prepared by a knowledgeable tax professional who keeps up to date on the constantly changing rules and regulations, so you can ensure that you're claiming all of the tax credits that you qualify for.

05/22/2023

June is almost here --- it's the perfect time to look over your finances and reassess, so that you can spend the remainder of the year on financially stable grounding and not owe a huge tax bill next Spring.

Here are 4 ways you can decrease your tax liability:

1. Adjust your W-4 withholdings
2. Increase your 401(k) contributions
3. Contribute to an IRA
4. Max out your FSA or HSA contributions

05/20/2023

Stay up-to-date with the latest news, events, and promotions by signing up for our newsletter! As a subscriber, you'll receive exclusive content straight to your inbox, including helpful tips and advice, special offers, and more.

It only takes a few seconds to sign up, and you can easily unsubscribe at any time. Join our community today and stay connected with us!

05/19/2023

The IRS offers tax disaster relief in the form of a postponement for certain taxpayers affected by natural disasters, such as hurricanes or wildfires. The relief allows taxpayers extra time to file and pay their taxes without facing penalties or interest charges. The postponement applies to taxpayers who are located in the designated disaster areas and have a filing deadline that falls during the relief period. Taxpayers who are eligible for relief do not have to take any additional action to receive it, as the IRS automatically identifies and processes these cases.

To find out which localities are affected by these deadlines, you can go to Tax Relief in Disaster Situations on the IRS website, or check the link in our bio.

Remember, Lotus Financial Group is open year round to serve all your tax-filing needs.

05/19/2023

Happy clients, happy us! Here are some words straight from the hearts of those who trusted us with their tax returns. Thank you for your kind words and for allowing us to contribute to your success. We're committed to continuously providing top-notch service and exceeding expectations. Let's keep on crushing goals together!

05/01/2023

This we're highlighting all the benefits of being a freelancer!

While the perks are limitless, as a freelancer, tax season can be a bit daunting.

From tracking expenses to reporting income, to paying quarterly estimated taxes, it's important to stay organized and informed.

Don't let taxes stress you out. Contact us via our website for help in navigating taxes as a freelancer.

04/20/2023

Missed Tuesday’s ? Don’t panic! There’s still time to file to limit the amount of penalties and interest you’ll pay.

And certain taxpayers have later filing deadlines. Check out the website to find out more.

04/13/2023

Social media tax gurus will have you thinking an S-Corporation is the *best* tax saving hack! 💸

And while saving on self-employment taxes can be great, I don't see enough information out there about the pros & cons of paying yourself as an S-corp owner.

Want to talk about whether an S election is a smart decision for business? I can help! 👋🏾

04/12/2023

📆 It's almost Tax Day (a.k.a April 18th this year!) and there's more due than you'd think!

Individual income taxes, corporate income taxes, estate/trust taxes, and your Q1 2023 estimated tax payment are all due.

Need to file an extension? I can help! 💸

*An extension to file is not an extension to pay. If you will owe for 2022, you must either make an estimated payment or enroll in a payment plan with by Tuesday, April 18th. Failure to do so could result in fines and penalties.