Joel L Thum CPA

03/25/2024

Please join us for a Business Networking Lunch in Woodfin on 3/28/24!

[Incredible Towns of WNC](https://incredibletowns.com/) invites you to WNC's largest free and independent Business Networking group, Incredible Business Networking (IBN) fo

02/15/2024

Keeping track of passwords can be risky business. 🚫 That's why I recommend using a password manager like LastPass to keep your data safe and secure. How many different passwords are you juggling right now? Personally, I've got over 300! 😱 Don't get lost in the password chaos — use a password manager, even if you need to pay for it.

For the Firm, we are in TAX SEASON! If you need assistance with Accounting or Tax please let me know!

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02/03/2024

Shaping a tax return is like cultivating a bonsai tree — it demands precision and a strategic approach. Every detail matters, just as each carefully trimmed branch contributes to the overall form. At Joel L Thum CPA PLLC, we bring the same meticulous care to your financial landscape. L

Reach out to us today if you need this in your life.

01/26/2024

🐒 Thinking about doing your own taxes? Just because you can, doesn't mean you should. Leave it to the experts!

Every year, self and seasonal preparers end up overpaying taxes by billions of dollars. How much are you okay with overpaying?

At Joel L Thum CPA PLLC, we bring over 15 years of continuous experience in year-round tax preparation. Our commitment is rooted in assisting clients in achieving their financial goals through personalized tax planning and compliance. We prioritize the establishment of lasting relationships and place a strong emphasis on delivering unparalleled expertise. Let us guide you through the intricacies of tax planning with a personalized touch that extends beyond the tax season.

Let's navigate the tax season together with expertise and a personal touch. Reach out today! 📞💡

01/18/2024

Rev Up Your Deductions: New 2024 Mileage Rates Unveiled by the IRS! 🚗💸

The IRS has just announced the latest mileage rates, and it could make a significant impact on your deductions:

🔵 Business Use: Starting Jan. 1, 2024, the standard mileage rate for business use is now 67 cents per mile, up from 65.5 cents last year.

🚑 Medical or Moving Purposes: For medical or eligible moving purposes, the 2024 rate is 21 cents per mile.

🌟 Charitable Driving: The rate for charitable driving remains steady at 14 cents per mile.

Whether you drive an electric, hybrid, gasoline, or diesel-powered vehicle, these rates apply to you.

Need help navigating these changes for maximum deductions? Contact us today for expert guidance! 📞💼 "

01/15/2024

The IRS sent out ID Theft Protection Pin numbers last week via US Mail. If you have ever received one, the 2024 letter should be in your mailbox. Go check it, and keep this information safe!

If you have any questions about your Taxes, Identity Theft or have other concerns, feel free to give me a call.

01/11/2024

Get out and support your local Restaurants! See the attached poster!

01/09/2024

🗓️ The IRS will begin accepting Personal Tax Returns on January 29th! 📂✨

At Joel L Thum CPA PLLC, we're gearing up to provide you with top-notch service for all your tax needs. Here's some crucial information to keep in mind:

✅ Fast Refunds: The IRS states that most refunds are issued in less than 21 days.

💸 EITC Refunds: Earned Income Tax Credit (EITC) refunds will be available starting February 27th.

🔒 Identity Theft Protection: File early to safeguard yourself against identity theft. By submitting your taxes promptly, you reduce the risk of someone else fraudulently filing in your name.

🚀 Why Choose Joel L Thum CPA PLLC?
We are NOT seasonal preparers. Tax is our game and we're here for you year-round.

💼 About Us:
Joel L Thum CPA PLLC is committed to delivering expert CPA services, personalized for your unique needs. With over 15 years of experience, we're here to make your tax journey smooth and successful.

📞 Contact Us Today:
Ready to get started or have questions? Reach out to us. Let's make the 2024 tax season a seamless and rewarding experience for you!

01/03/2024

FinCEN Beneficial Owner Information (BOI) Reporting Portal is open! MOST businesses will need to file with the Department of Treasury to fill out this report in 2024.

The initial report must be filed by Jan 1 2025 to avoid problems, or 90 days after entity creation if formed in 2024! 30 days after if formed in 2025.

Looking at the attached graphic from FINCEN you may think that your business is exempt from reporting... but you NEED to read the fine print. My office knows the rules.

Don't take the Internet's word for it, contact a trusted professional to ensure that reporting is completed correctly. If you need help or guidance please let me know.

01/02/2024

Wishing you and your loved ones abundant blessings in 2024! May this year bring prosperity and fulfillment without any financial worries. If tax concerns are causing anxiety, remember we're here to assist. Happy New Year! 🎉

12/21/2023

🚨 IRS ANNOUNCEMENT: NEW PENALTY RELIEF FOR BACK TAXES 🚨

If you're facing issues with the IRS, here's some crucial news. The IRS is providing $1 billion in penalty relief for around 4.7 million individuals, businesses, and tax-exempt organizations who missed automated collection reminders during the pandemic.

Due to COVID-19, the IRS halted reminder mailings from February 2022. Despite this, the failure-to-pay penalty still accumulates for those not paying after the initial notice.

To assist taxpayers, the IRS will issue special reminder letters next month, detailing liabilities, easy payment options, and applied penalty relief amounts. This automatic relief applies to eligible taxpayers with assessed tax under $100,000 for tax years 2020 and 2021.

📅 Important dates:

-Refunds for penalties already paid start now through January 2024.
-Failure-to-pay penalties resume on April 1, 2024.
-Eligible taxpayers don't need to take action; relief is automatic. If you already paid penalties, expect a refund or credit. Taxpayers with questions can contact the IRS after March 31, 2024.

For those not eligible, other relief options exist, like the reasonable cause criteria or the First-Time Abatement program.

Remember, the IRS is resuming collection notices in 2024. If you receive a notice you are unsure of, we are here to help. Contact my office for assistance.

We're here for you. www.thumcpa.com

12/18/2023

Gig Workers and 1099 Recipients! 🚀 As tax season approaches, navigating the financial landscape without a plan can be a recipe for disaster. Don't let tax complexities catch you off guard.

At Joel L Thum CPA PLLC, we specialize in providing tailored tax solutions for gig workers just like you. Whether you're a freelancer, rideshare driver, or involved in any gig economy, a proactive tax plan is your key to financial success.

🔍 Avoid the chaos of tax season.
📞 Call us today for a personalized consultation.
💼 Let's strategize to keep more of what you earn.

Don't face the upcoming tax season unprepared. Your financial peace of mind is our priority. Reach out, and let's plan for your success! 💡💸