Jerrica The Tax Guru

11/22/2020

Tax season is less than 40 days away....do you have someone you can trust to file your 2021 return

09/10/2020

💢QualiT Credit Tip💢

People with good/excellent credit scores are often shocked after applying for a new credit card or loan and immediately being rejected 🤯

You can have a GREAT credit score but UNHEALTHY credit history will still keep you from getting approved for new accounts! 😢

Do you have negative items on your credit report keeping you from getting approved for that new car, home, loan with low interest rate, etc?

Let me help! (901)498-7651

09/09/2020

06/26/2020

💢QualiT Tax Tip💢

We are almost half way through 2020 and that means it’s time to check those W-4s!

➡️ Complete Form W-4 so that your employer can withhold the correct federal income tax from your pay.

➡️ Consider completing a new Form W-4 each year and when your personal or financial situation changes.

It's important to fill out a W-4 form correctly because the IRS requires people to pay taxes on their income gradually throughout the year. If you have too little tax withheld, you could owe a surprisingly large sum to the IRS during tax season, plus interest and penalties for underpaying your taxes during the year.

- Your fav tax pro 😉

06/16/2020

✅Tax Tips Yall

This feature is set to drop this summer🙌

I Will Be Your Favorite,Trusted Tax Pro💃

06/13/2020

🚨UPDATE ALERT🚨 DON'T MISS IT🚨

Update on PayPal Grant! You need to apply by tomorrow no later than 3pm. Check to see if your business is eligible below😊

GRANT UPDATE Due to overwhelming response to the PayPal Empowerment Grants for Black Businesses Program, we will pause accepting new applications on Saturday, June 13 at 3 p.m. EDT. Please complete your application by 3 p.m. EDT on Saturday, June 13. You do not need a PayPal business account to appl...

06/11/2020

🚨SHARE SHARE SHARE THIS KNOWLEDGE🚨

💢QualiT Tax Tip💢

If you use your car in your business, you can deduct car expenses. If you use your car for both business and personal purposes, you can use mileage trackers to track your business miles!

06/10/2020

🚨PLEASE FILL FREE TO SHARE 🚨

💢QualiT Tax Tip💢

We are almost half way through 2020 and that means it’s time to check those W-4s!

➡️ Complete Form W-4 so that your employer can withhold the correct federal income tax from your pay.

➡️ Consider completing a new Form W-4 each year and when your personal or financial situation changes.

It's important to fill out a W-4 form correctly because the IRS requires people to pay taxes on their income gradually throughout the year. If you have too little tax withheld, you could owe a surprisingly large sum to the IRS during tax season, plus interest and penalties for underpaying your taxes during the year.

- Your fav tax pro 😉

06/09/2020

💢Cash businesses are more likely to be audited by the IRS because it’s easy for the business owner to not properly report all business income and expenses.

This is why having a knowledgeable Tax Specialist such as myself is crucial to help you remain compliant and avoid audit by not only filing your business tax return but educating you on how to keep your records in order 😉💁🏾‍♀️

05/30/2020

🚨New member Alert🚨

https://m.facebook.com/story.php?story_fbid=518986455469881&id=157093748325822

Continuing education resources are vital for business growth and success! We are excited to officially become new members of the National Association of Tax Professionals (NATP) 🤩✅

05/29/2020

💢 Nearly four million people are being sent their Economic Impact Payment by prepaid debit card, instead of paper check.

💢 The determination of which taxpayers receive a debit card was made by the Bureau of the Fiscal Service.

💢 These Economic Impact Payment Cards arrive in a plain envelope from Money Network Cardholder Services. The Visa name will appear on the front of the card; the back of the card has the name of the issuing bank, MetaBank®, N.A.

💢 Information included with the card will explain that the card is an Economic Impact Payment Card.

💢 Those who receive Economic Impact Payment by prepaid debit card can do the following without any fees:

• Make purchases online and at any retail location where Visa is accepted

• Get cash from in-network ATMs
Transfer funds to their personal bank account

• Check their card balance online, by mobile app, or by phone

💢 The card will come with instructions on how to activate and use it.

For more assistance, please visit

COVID Tax Tip 2020-61, May 26, 2020