Intrinsic DM², Inc.

07/29/2025

August 2025 Newsletter -

As summer comes to a close, it’s a good time to review your financial goals and prepare for the upcoming seasons. This newsletter offers guides to help you make a smooth transition, providing practical tips to maintain your financial health as autumn approaches. In this issue: Meet our newest team...

07/17/2025

Welcome our newest team member Grisel Alderson. Grisel comes to us with a wide array of skills and talent, and she will be working in the role of bookkeeper most of the time, but she will also be providing office support as well.

When out of the office Grisel enjoys spending time with her husband of 21 years and their two sons and their daughter. She also has two dogs and two kitties that keep them happy. She enjoys taking family trips to make all of the memories and to spend time with those she loves.

01/10/2024

URGENT SMALL BUSINESS ALERT- PLEASE READ

Per the National Tax Advocate's Annual Report to Congress, processing of the ERC credit has been one of the main struggles of the IRS in 2023. This credit, meant to assist business owners during COVID shutdown mandates, ultimately was taken advantage of by several pop-up ERC "specialty" firms, often filing unsubstantiated claims or even blatantly fraudulent ones, resulting in business owners receiving, and often spending, thousands if not hundreds of thousands of dollars in error.

The IRS has now unveiled their Voluntary Disclosure Program, allowing businesses to pay back money received in error through unsubstantiated ERC claims. This program runs through March 22, 2024. The Voluntary Disclosure program also requires the business to report the firm which filed their errant claim, allowing the IRS to identify other potentially errant claims and pursue audits with other businesses who filed through that firm.

If a business needs to file an amended 2020 return due to inaccurate ERC credit filing, the business is generally required to file the amended return by March 15, 2023, 3 years from the original filing date. This deadline, along with the Voluntary Disclosure program deadline, means that business owners essentially have 2 months to decide how to proceed with resolution of an inaccurately filed ERC claim, along with normal tax season duties for 2023 filing or extensions (for businesses whose taxes are due March 15th).

For more information on the Voluntary Disclosure Program, please reference the following article.

https://www.irs.gov/newsroom/irs-new-voluntary-disclosure-program-lets-employers-who-received-questionable-employee-retention-credits-pay-them-back-at-discounted-rate-interested-taxpayers-must-apply-by-march-22

📷: IRS Newswire no. IR-2024-07

10/04/2023

Just 3 days left to RSVP! https://mailchi.mp/intrinsicdm2/rsvp-dnwyf

09/22/2023

Register now to reserve your spot ➡️ https://mailchi.mp/intrinsicdm2/rsvp-dnwyf

09/12/2023

Don't wait til tax season to find out you owe! If you suspect you may need to make an estimated tax payment (deadline Sept. 15) and aren't sure how much to pay, please contact our office. If you've filed your taxes with us, you can also check the letter attached to the front of your tax return for suggested estimated payments.

Not all income is subject to withholding. If you have a side hustle or another income source, you may need to make an estimated tax payment even if you have money withheld from your full-time job. Estimated tax payments are due September 15.

Find out more at www.irs.gov/estimatedtaxes

08/31/2023

Buying a used clean vehicle not only saves money on your vehicle purchase; it can also get you a credit. is letting taxpayers know they can claim up to $4,000 on their qualified used clean vehicle purchase. Make sure you know which vehicles qualify before you make your purchase.

Learn more: https://ow.ly/2gof50PEAbN

08/24/2023

One of our biggest struggles as humans is making time for important, yet boring and stressful decisions- decisions that may impact the amount of time with family we have in the future, and ultimately, could determine our own future happiness. Wealth Advisor Pete Lesnik has dubbed this concept ROL- Return on Life. The choices we make financially now, when we're stressed, busy, and don't have the time or money to consider planning for the future- will impact our mental health, happiness, and ROL later. So make a date night with your future happiness! Come out to our October panel where we'll address multiple major financial concerns all in one session, and hook you up with financial advisors for every part of your life. We're catering this event (even the date and time!) specifically to your needs, so your first step is to give us your input. What do you need to consider now to benefit your ROL later? Here's a quick 4 question survey to tell us what you'd like to hear covered- and what availability works for you- for your

https://us7.list-manage.com/survey?u=d302cfad78135843f4ff883ed&id=876c548572&fbclid=IwAR2gtfoWjqUw8xdm5Q13tV92gTmXGENhmcy79uSPw81o_rE2IhyEjrNFKY8

with HighPoint Planning Partners

08/21/2023

Looking for financial advice? We'd like to consider your personal preferences when planning our upcoming free advisory seminar! Complete the fast 4-question survey below to help us plan a seminar that caters to your financial needs.

https://us7.list-manage.com/survey?u=d302cfad78135843f4ff883ed&id=876c548572

08/17/2023

Happy National Non-Profit Day! If your non-profit organization is looking for tax planning or would like to confirm your tax-exempt status, contact us today to schedule a free consultation.

Getting your tax-exempt status is necessary to obtain the tax benefits you need to keep your organization running. For , is sharing the latest details on securing your tax-exempt status in this week’s tax tip.

Learn more: https://ow.ly/G73150PzCey

08/11/2023

On this note, let's also think about IL withholdings, which changed in June and may affect your estimated payments for Q3-Q4. You may need to update your W-4 with your employer. For more details, check out the first section of our August news update: https://mailchi.mp/intrinsicdm2/august-irs-news

Surprises are fun, but not when it comes to your taxes. Changes in your life can affect your tax liability for the year. Check your withholding now with the Withholding Estimator tool to make sure you have enough to cover your bill.

Get started at www.irs.gov/withholding