Assured Bookkeeping and Tax - Plano TX

07/19/2025

07/11/2025

The One Big Beautiful Bill Act (OBBBA), or the Big Beautiful Bill, is a budget reconciliation law passed by the 119th United States Congress containing tax and spending policies that form the core of President Donald Trump's second-term agenda. Here are the key changes:

EMPLOYEE TAX CHANGES

1. No Federal Tax on Tips & Overtime

o Effective July 2025, tips and overtime earnings are exempt from federal income tax.

2. Child Tax Credit Increased

o Raised to $2,200 per child under 17.

3. SALT Deduction Cap Increased

o Cap rose from $10,000 to $40,000 for households earning under $400K.

4. Senior Tax Credit

o Adults aged 75+ with an annual income under $75K can claim up to $6,000 in refundable credits.

BUSINESS TAX CHANGES

1. 100% Bonus Depreciation

o Full expense of qualified capital assets from Jan 19, 2025 through 2029 (2030 for long-term assets).

2. R&D Expensing

o U.S.-based R&D costs are now fully deductible in the year incurred.

3. Section 199A Deduction Made Permanent

o 20% deduction on qualified income for S Corps, LLCs, and sole proprietors is now permanent.

4. Business Interest Deduction Expanded

o Based on EBITDA instead of EBIT, allowing larger deductions.

5. Clean Energy Incentives Reduced

o Reduction or elimination of many federal EV and renewable energy credits.

6. ERTC Fraud Penalties Increased

o Penalties up to $200K or 75% of falsely claimed credit.

RECOMMENDATIONS

For Employees:

· Confirm payroll adjustments for tax-exempt tips/overtime.

· Update W-4s.

· Evaluate child tax credit eligibility.

For Businesses:

· Prioritize capital investments to benefit from bonus depreciation.

· Review entity structure to maximize pass-through deductions.

· Ensure compliance with ERTC and clean energy rule changes.

Consult with a tax professional to align your strategy with the 2025 tax law changes.

Please call Assured for Tax Saving strategies for your particular situation at 972-242-5700.

07/04/2025

Happy 4th of July from Assured!

Upcoming Tax Deadlines:

July 31st- Quarterly Futa Tax for Q2

Sept 15th- 3rd Quarter Estimated Tax Payments Due

Sept 15th- Partnership 1065 & S Corp Extended Deadline

Smart Business Owners Don’t Just File Taxes — They Plan Ahead.

Most small business owners wait until tax season. But the smart ones? They work with a Tax Advisor year-round and keep thousands more in their pocket.

Why It Matters:

Filing taxes is reactive.

Tax advisory is proactive — it helps you pay less, avoid penalties, and make better decisions all year long.

What You Get:

Strategic tax planning — before big decisions

Business structure optimization

Deductions you’re likely missing

Payroll & sales tax guidance

Audit support

Peace of mind

Real ROI:

Save $5,000–$20,000+ in taxes yearly

Avoid costly IRS penalties

Maximize legal credits & deductions

For most small businesses, monthly advisory starts at $300–$500 — and pays for itself many times over.

Let’s Talk Strategy — Not Just Compliance.

06/24/2025

Tax time shouldn’t be a one-time scramble — it should be a year-round strategy.
A tax strategist and advisor works with you all year — guiding your financial moves, spotting opportunities, and helping you plan smarter.
Behind the scenes, expert bookkeepers track every deductible dollar and catch red flags before they become IRS problems.
With a team like Assured — tax strategist, advisor, and bookkeeper in sync — you don’t just file taxes…You control them.
Let’s fix that.
At Assured Business Bookkeeping and Tax Service , we specialize in hands-on, year-round tax advisory for small businesses — with plans tailored to fit your company size and goals.
📞 Schedule a free 15-minute consultation
Taxas , Plano /Garland / Flower Mound: 📞 972-242-5700 or WhatsApp 469-875-2323
Maryland Montgomery Village: 📞 240-498-2373
📩 Email us at [email protected]
🌐 Visit [www.assuredbats.com ]
“You’re already working hard. Let’s make sure you’re keeping what you earn.”

06/10/2025

“Mid-Year Withholding Checkup”
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🧾 Are You Withholding the Right Amount of Tax?
Avoid Surprises at Tax Time — Let Us Help You Plan Ahead
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At Assured Bookkeeping and Tax Service, we offer mid-year withholding checkups to make sure you're not headed for a tax bill or refund shock in 2026.
✅ Why it matters:
• Avoid owing the IRS at tax time
• Reduce over-withholding and boost your paycheck
• Adjust for big life changes (job, baby, marriage, new business)
📊 We’ll handle the math for you.
Don’t get lost in the IRS Tax Estimator or forms—we’ll guide you step by step, using your pay stubs, prior returns, and current income to calculate the best strategy.
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📅 It’s Time for a Mid-Year Review If You:
✔ Got a refund or owed money last year
✔ Started a side gig or changed jobs
✔ Got married, had a baby, or bought a home
✔ Want to stay ahead of penalties or cash flow surprises
________________________________________
🎯 Let’s review your withholding and keep your finances on track for the rest of 2025.
👉 Schedule your checkup now, call us at [972.242.5700]

Assured Bookkeeping and Tax Service
Your trusted partner for smart, stress-free taxes.
🔔 Follow Assured Bookkeeping & Tax Service for expert help and real tips.
Plano (Main Office) - TX 📞 972-242-5700 or
Text 469-875-2323
Montgomery Village – MD 📞 240-498-2373
Assured Tax Services – Your Partner in Financial Success!
www.assuredbats.com
[email protected]

06/03/2025

Tax season doesn’t end in April — and staying ahead of deadlines can save you money, stress, and penalties.
Here’s a quick update from your trusted bookkeeping and tax team: Important IRS deadlines are coming up this June — and if you missed the April 15 filing date, there’s still time to act.
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📆 Upcoming Tax Deadlines – June 16, 2025
• Individuals living abroad:
File your 2024 individual income tax return (Form 1040 or 1040-SR) or file for an extension (Form 4868). Pay any tax and interest due.
• Individuals (U.S. residents):
Pay the 2nd installment of 2025 estimated taxes (Form 1040-ES) if not paying through withholding.
• Corporations:
Pay the second installment of 2025 estimated income taxes.
• Partnerships:
File Form 8813 and pay any due quarterly taxes.
• Tax-Exempt Organizations:
Deposit estimated tax on Unrelated Business Income using Form 990-W for Q2.
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🧾 Missed the April Filing Deadline? Here’s What You Should Know:
• File ASAP if you missed April 15 to avoid growing penalties and interest.
• Extensions don’t delay payment — only your filing. Penalties still apply to unpaid taxes.
• Electronic filing options like IRS Free File or IRS Direct File are still open (through October 20 for eligible taxpayers).
• Can’t pay in full? File anyway. You can apply online for payment plans and installment agreements.
• Pay securely online through IRS Online Account, Direct Pay, EFTPS, debit/credit card, or digital wallet — with instant confirmation.
• Penalty relief might be available if you’ve been timely in the past 3 years. Check eligibility on the IRS Penalty Relief page.
• Expecting a refund? Still file! There's no penalty for late filing if the IRS owes you — and you might qualify for credits like the Earned Income or Child Tax Credit.
• Track refunds easily using the Where’s My Refund? tool or the IRS2Go mobile app.
• Need help filing? The IRS has a directory of qualified preparers — or skip the search and let us take care of it for you.
Please Call
Plano (Maim Offoce) - TX 📞 972-242-5700
Flower Mound- TX 📞 214-222-5234
Garland - TX 📞 972-271-870
Montgemery Village – MD 📞 240-498-2373
Assured Tax Services – Your Partner in Financial Success!
www.assuredbats.com
[email protected]

05/30/2025

Assured Bookkeeping and Tax Service – Location MAP
🌟 “Growth. Trust. Community.”
Assured Bookkeeping and Tax Service is proud to announce…
🎉 FOUR LOCATIONS
successfully serving YOU – our valued communities.
📍 Plano, TX
📍 Garland, TX
📍 Flower Mound, TX
📍 Montgomery Village, MD
From the heart of Texas to the neighborhoods of Maryland — we’re more than numbers. We’re your partners in financial clarity and peace of mind.
💼 Bookkeeping | 📊 Tax Services | 🧾 Financial Guidance
They treat you like family — not just a file. I'm confident and stress-free every tax season!"
Thank you for trusting us to serve your families, your businesses, and your future.
🔔 Visit one of our convenient locations today — or connect with us online!
📞 Assured Service. Proven Results.
📲 Follow us on social media for updates, tax tips, and more!
https://www.facebook.com/AssuredPlanoTX/
✨ Assured Bookkeeping and Tax Service
Your finances. Our priority.
For More details follow us or visit www.assuredbats.com
Plano (Main Office) - TX 📞 972-242-5700
Montgemery Village – MD 📞 240-498-2373
Flower Mound- TX 📞 214-222-5234
Garland - TX 📞 972-271-870
Assured Tax Services – Your Partner in Financial Success!
www.assuredbats.com
[email protected]

05/23/2025

🎉 Exciting News! We’re Expanding to Montgomery Village, Maryland! 🎉
We are overjoyed to announce the grand opening of our newest branch at 19640 Club House Road #415, Montgomery Village, Maryland 20886! With decades of experience in professional bookkeeping, we are bringing our trusted expertise to serve the vibrant Montgomery Village community.
Having proudly supported small business setups and individuals in Plano, Flower Mound, and Garland in Dallas, TX, we are now thrilled to extend the same personalized, reliable financial services to Montgomery Village.
This expansion is more than just growth — it's a celebration of our continued commitment to empowering local communities through accurate, dependable, and transparent bookkeeping.
📍 New Location:
19640 Club House Road #415
Montgomery Village, Maryland 20886
✅ Decades of Proven Experience
✅ Proudly Serving 3 Thriving Communities in Dallas, TX
✅ Now Eagerly Serving YOU in Montgomery Village!
We can't wait to become a trusted part of your financial journey. Let’s build a stronger, financially confident community — together!
Call or visit 240-498-2737
Or visit 19640 Club House Road #415 , Montgomery Village -20886 , Maryland.
Montgomery Village – MD 📞 240-498-2373
Plano (Main Office) - TX 📞 972-242-5700
Flower Mound- TX 📞 214-222-5234
Garland - TX 📞 972-271-870
Assured Tax Services – Your Partner in Financial Success!
www.assuredbats.com
[email protected]

05/14/2025

Assured Bookkeeping and Tax Service: Daily Tips
Some basic Standard and itemized deductions
Stay tuned for more helpful tips and info on managing your taxes!
Need assistance with your taxes? Contact Assured Bookkeeping and Tax Service today!
www.assuredbats.com
[email protected]
Plano 📞 972-242-5700
Flower Mound 📞 214-222-5234
Garland 📞 972-271-8700

05/07/2025

📢 "Doing business in Texas? Don’t forget your Franchise Tax!
MAY 15 Deadline !!
🧾 Who needs to file?
All registered businesses — including LLCs, corporations, and partnerships — must file, even if no tax is due.
📊 Thresholds for 2024:
If your annual revenue is under $2.47 million,
you owe no tax, but you still must file File a Public Information Report or Ownership Information Report.
💰 But If your annual revenue Over $2.47 million?
File a franchise tax report (EZ Computation or Long Form).
Also file a Public Information Report or Ownership Information Report.
File On Time: Ensure all reports are submitted by May 15 each year to avoid penalties.
⚠️ Miss the deadline?
You’ll face late fees, penalties, and could lose your right to do business in Texas.
✅ Stay compliant. Stay in business.
Assured Bookkeeping and Tax Service ,
For assistance and any question you may call
Call : 972-242-5700
or WhatsApp (469) 875-2323
Email : [email protected]