Bible Accounting Enrolled Agents

Bible Accounting Enrolled Agents Tax preparation and representation is what we do best.

Tax day is right around the corner, and time is running out to get your individual tax return in or file an extension! I...
03/05/2024

Tax day is right around the corner, and time is running out to get your individual tax return in or file an extension!

If you are a business owner, your tax filing deadlines are on the horizon as well:

✅ Tax filing deadline for C corporations is April 15th
✅ Tax filing deadline for S corporations and partnerships is March 15 for calendar-year businesses. Fiscal year businesses need to file by the 15th day of the third month following the close of your tax year.

If you're feeling overwhelmed with your last-minute tax preparations, we're here to help. Our team is ready to guide you through every step, ensuring you maximize your returns and minimize your stress 📝

Reach out to us ASAP, and let's get your taxes sorted together.

📢 Attention, S corps and partnerships!The tax filing deadline for the 2023 tax year is just around the corner – March 15...
02/16/2024

📢 Attention, S corps and partnerships!

The tax filing deadline for the 2023 tax year is just around the corner – March 15 🗓️

Be sure to file on time to avoid any late-filing penalties and keep your business in good standing with the IRS.

Haven't filed yet? Reach out to our team as soon as possible; we’d love to help you out!

Business tax deadlines are right around the corner!If you are a business owner, your tax filing deadlines are:✅ April 15...
02/14/2024

Business tax deadlines are right around the corner!

If you are a business owner, your tax filing deadlines are:

✅ April 15th for C corporations
✅ March 15th for S corporations and partnerships for calendar-year businesses. Fiscal year businesses need to file by the 15th day of the third month following the close of your tax year.

If you're feeling overwhelmed with your last-minute tax preparations, we're here to help. Our team is ready to guide you through every step, ensuring you maximize your returns and minimize your stress 📝

Reach out to us ASAP, and let's get your taxes sorted together!

If you’re among those contemplating what your 2024 resolution will be, we’ve got an idea for you: How about resolving to...
01/19/2024

If you’re among those contemplating what your 2024 resolution will be, we’ve got an idea for you: How about resolving to get your taxes done early? 🗂️💼

It may not be as glamorous as running a marathon or learning a new language, but it is a resolution that could save you time, stress, and possibly even money!

Simply give our office a call to get the ball rolling ⚽🐕

Ready or not — it’s January 19, which means it's time to set those tax season gears in motion! 📆💰 We'll need a few thing...
01/19/2024

Ready or not — it’s January 19, which means it's time to set those tax season gears in motion! 📆💰

We'll need a few things from you before we can work our tax return magic, so keep an eye out for these essential documents in your mailbox or inbox over the next few weeks:

✉️ W-2s and 1099s for all your hard-earned income.

🏡 Mortgage interest statements (Form 1098) if it applies to you.

🧾 Receipts for deductible expenses, like medical bills and charitable donations.

📝 Records of significant life events like marriage, divorce, or new dependents.

Year-end is just around the corner, and 2023 has been quite a ride! 🎢 Now, let's talk tax-smart moves to finish the tax ...
12/13/2023

Year-end is just around the corner, and 2023 has been quite a ride! 🎢 Now, let's talk tax-smart moves to finish the tax year strong:

1️⃣ Boost Retirement Savings: Max out 401(k) contributions for tax benefits.
2️⃣ Tax Loss Harvesting: Offset gains by selling underperforming investments (up to $3,000 deduction per year).
3️⃣ Explore Tax Credits: Own solar or an electric vehicle? Discover if you're eligible for credits.
4️⃣ Business Owners: Make large purchases before year-end to secure deductions (80% bonus depreciation still available).

📞 Reach out - we're here to help!

Did you know that 99.9% of businesses in the U.S. are small businesses? While the spotlight often falls on large corpora...
11/08/2023

Did you know that 99.9% of businesses in the U.S. are small businesses? While the spotlight often falls on large corporations, the reality is that small businesses drive our economy in a big way 💪

Whether you're looking to get a head start on your holiday shopping or simply want to make a positive impact in your local community, here are five ways to support your favorite small businesses.

Tag or link your favorite small businesses in the comments, and let’s get a running list going! ⤵️

Today (and every day), we appreciate all the incredible bosses and leaders who play a vital role in shaping our organiza...
10/16/2023

Today (and every day), we appreciate all the incredible bosses and leaders who play a vital role in shaping our organizations and inspiring us to achieve greatness! 🌟💼

To all the bosses and leaders out there, thank you for your vision, dedication, and tireless efforts in guiding our teams toward success🚀

What are the qualities YOU value in a boss or leader? Let us know in the comments 🙌🏼😊

Today, we celebrate the power of saving for retirement with National 401(k) Day! 🎉Whether you're just starting your care...
09/08/2023

Today, we celebrate the power of saving for retirement with National 401(k) Day! 🎉

Whether you're just starting your career or nearing retirement, now is the perfect time to review your 401(k) plan. Make sure you're maximizing contributions, taking advantage of employer matches, and considering any investment opportunities that align with your long-term objectives.

Speaking of long-term goals... we'd love to hear what your dream retirement location is! Let us know in the comments below ⬇️

The question that keeps us all up at night: What tax filing status should I pick? 🤔 We totally understand. Perhaps this ...
08/30/2023

The question that keeps us all up at night: What tax filing status should I pick? 🤔

We totally understand. Perhaps this info will help:

☑️ Head of Household – Unmarried taxpayers who are supporting at least 1 qualifying person and paying more than 50% of the costs to keep up a home.

☑️ Qualified Widow or Widower – For taxpayers who recently lost a spouse and are supporting a child at home. If you could have filed jointly before your spouse’s death, you may file jointly in the year your spouse died.

☑️ Married Filing Jointly – You and your spouse combine your income and deduct your total allowable deductions and credits on the same forms.

☑️ Married Filing Separately – For high-income earners who are married, people who wonder if their spouses are hiding income, people considering divorce, or taxpayers whose spouses have tax liability issues.

☑️ Single – For unmarried people who don’t qualify for another filing status. Note: depending on your state, if you’re legally divorced by the last day of the year, the IRS considers you unmarried for the whole year.

Feel free to share this post with your friends and family so we can all get those precious 8 hours of sleep.

How does claiming cryptocurrency on your taxes even work? 🤔 It’s different than you may expect, so here’s a quick overvi...
08/23/2023

How does claiming cryptocurrency on your taxes even work? 🤔 It’s different than you may expect, so here’s a quick overview:

💰 The IRS considers cryptocurrency as a property or holding, meaning cryptocurrencies are taxed just like other holdings such as stocks.

💰 This means that if you hold crypto, you are expected to complete Form 8949 and Form 1040, reporting any gains or losses of cryptocurrencies.

💰 Form 1040 has a draft of the new form showing a dedicated field for “digital assets,” which can include NFTs.

TLDR: you’ll want to keep paperwork and records available if you acquire or sell digital assets (including NFTs) this year. If you have questions or need help with your next filing, let us know!

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Daleville, VA
24083

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