Ryan Beals CPA, PLLC

07/02/2024

Tax Tip Tuesday: Energy Efficient Home Improvement Credit
Are you looking to save on your energy bills and reduce your tax burden? Consider investing in a heat pump! Heat pumps are an energy-efficient alternative to traditional heating and cooling systems, and they can help you qualify for the Energy Efficient Home Improvement Credit.

What is the Energy Efficient Home Improvement Credit?
The Energy Efficient Home Improvement Credit allows homeowners to claim a tax credit for installing energy-efficient improvements in their homes, such as heat pumps. This credit can help offset the cost of instillation while also easing the cost to cool your home.

How does it work?

Eligibility: You can claim the credit for installing qualified heat pumps or other qualifying energy efficient appliances in your primary residence.
Credit Amount: The credit covers a percentage of the cost, including installation.
Documentation: Keep all receipts and documentation related to the purchase and installation of the heat pump.

Benefits of Heat Pumps:

Energy Efficiency: Heat pumps use less energy than traditional HVAC systems, leading to lower utility bills.
Environmentally Friendly: By using renewable energy sources, heat pumps reduce your carbon footprint.
Year-Round Comfort: Heat pumps provide both heating and cooling, ensuring your home is comfortable in all seasons.
Don't miss out on the opportunity to make your home more energy-efficient and save on your taxes. Talk to a tax professional today to learn more about the Energy Efficient Home Improvement Credit and how you can benefit from installing a heat pump.

06/27/2024

Are You Saving for Retirement?

🌴🐷☀️

As a business owner, it's easy to get caught up in the day-to-day hustle and forget about your future. But planning for retirement is crucial to ensure you can enjoy the fruits of your labor without financial stress.

Here are some ways you can start saving today:

Solo 401(k): Maximize your savings with both employee and employer contributions.
SEP IRA: Benefit from high contribution limits and tax advantages.
SIMPLE IRA: A straightforward plan that's easy to manage for small businesses.

Don't let your future be an afterthought. Start planning now and enjoy a worry-free retirement!

Want to learn more? Contact us today for personalized advice and strategies tailored to your unique business needs.

💬 Comment below with your questions or visit our website for a free consultation!

06/10/2024

Just a reminder that the estimated tax payment for the 2nd quarter of 2024 is due in one week, June 17th, 2024. It's important for business owners to stay up to date with payments to avoid unnecessary penalties with the IRS. If you are unsure what amount you should pay, we recommend making a payment that is at least 1/4 the "Safe Harbor" amount. The safe harbor amount is the lower of 100% of your previous taxes owed or 90% of the tax you owe for the current year. Taxpayers who have paid in the safe harbor amount for the year can avoid penalties from underpayment.

A tax professional can help you determine an appropriate amount to pay each quarter to avoid big surprises at tax time.

We work with Texas business owners who are ready to take their tax planning to the next level. If you are interested in working with us, schedule a consultation online today.

01/08/2024

Business owners, schedule a free online consultation today to learn how a tax professional can help take the stress out of tax time. Spaces are limited so schedule today at ryanbealscpa.com/book-online

01/20/2023

If you're like most business owners, you may not know where to start when it comes to filing your taxes. We created this 5 step guide to help you get your business ready for tax season. If you'd like to learn more about how we can help your business, schedule a free online consultation today by visiting RyanBealsCPA.com.

Get ready for tax season with ease! As a CPA firm specializing in business tax preparation and planning, we've put together a guide on how to prepare for tax season as a client. From gathering necessary documents to seeking professional help, we've got you covered. Learn how to make tax season less....

12/07/2022

Last night we were live answering your business tax questions! If you missed it, here is what you missed. We hope you see you at the next event on December 13th at 7pm central. We will be live again to answer your business tax questions!

Answering business tax questions on Facebook live. We will be live every Tuesday in December at 7pm central. If you have a business tax question, join us! ...

12/06/2022

Have a business tax question? Join us tonight at 7 pm central on Facebook Live. We will be answering your tax questions! We look forward to answering your questions and hope to see you there! Click the link below to sign up for reminders.

https://fb.me/e/5wfeEi2go

11/29/2022

Hey business owners, do you have a tax question? We will be live on Facebook Live every Tuesday at 7 pm for the remainder of the year to answer your business tax questions. We hope to see everyone there!

http://ow.ly/GvwQ50LMB5W

11/23/2022

We will be going live on Facebook every Tuesday for the remainder of 2022 to answer your tax questions. If you have a tax planning question related to your business or personal taxes, we will answer them live.

Click the link below to be reminded and join the event. We hope to see you there!



http://ow.ly/GvwQ50LMB5W