Square Bear Tax

Square Bear Tax I am a Certified Tax Preparer | Entrepreneur | Consultant | Insurance Agent | CEO of Square Bear Tax

🐻 If you have a hig-deductible health plan, you can contribute to a health savings account and get a triple tax benefit....
05/15/2021

🐻 If you have a hig-deductible health plan, you can contribute to a health savings account and get a triple tax benefit. ⁣

The money goes in pretax, grows tax free, and comes out tax free if you use it for eligible healthcare expenses.⁣

You can make 2020 contributions through May 17, 2021. ⁣

For 2020, the maximum contribution amount is $3,550 for individual coverage, or $7,100 for family coverage, plus a $1,000 catch-up if you’re 55 or older.⁣
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🐻 A piece of   before the tax deadline on Monday, May 17.⁣⁣                   ⁣⁣⁣⁣⁣⁣⁣⁣⁣           ⁣⁣⁣⁣⁣   ⁣⁣⁣
05/14/2021

🐻 A piece of before the tax deadline on Monday, May 17.⁣

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🐻  Taxpayers who have not yet received their income tax refunds can use the “Where’s My Refund?” tool to check the statu...
05/13/2021

🐻 Taxpayers who have not yet received their income tax refunds can use the “Where’s My Refund?” tool to check the status.⁣

Taxpayers should have their Social Security number, filing status, and exact refund amount when using "Where’s My Refund?”. ⁣

A personalized refund date should show up 24 hours after you e-file.⁣⁣

🐻  You might have heard about how it is possible to settle your IRS tax debt for less than the actual amount you owe. ⁣⁣...
05/12/2021

🐻 You might have heard about how it is possible to settle your IRS tax debt for less than the actual amount you owe. ⁣

While it is not possible to get the IRS to let you off easily, there are some circumstances where you might be able to work out an Offer in Compromise⁣
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SWIPE to explore them.⁣⁣⁣⁣⁣⁣
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⁣⁣⁣⁣🐻 As long as you’re looking on the bright side of things you’ll be ignoring the not-so-good things in your life. ⁣⁣W...
05/11/2021

⁣⁣⁣⁣🐻 As long as you’re looking on the bright side of things you’ll be ignoring the not-so-good things in your life. ⁣

What you give attention to grows, so if you’re focusing on what’s wrong in your life you’ll just get more of it to focus on. ⁣

But if you focus on what’s right in your life, what makes you happy, what you’re grateful for, and why things are so fantastic for you, you’ll only get more of the same to be happy and grateful for. ⁣

Some days are easier to face towards the sunshine than others, but it’s always there, you just have to try harder during hard times.⁣

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🐻  While economists and investors can debate whether buying a home is still part of the American dream, it's undeniable ...
05/11/2021

🐻 While economists and investors can debate whether buying a home is still part of the American dream, it's undeniable that the tax code remains highly favorable to people who own instead of rent.⁣

Knowing the tax deductions to homeowners can help ensure your big investment pays you back a bit at tax time.⁣⁣
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SWIPE to explore them.⁣⁣⁣⁣⁣

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⁣⁣⁣⁣🐻  Keeping accurate records is a must for every business owner.⁣⁣But have you ever stopped to wonder why?⁣⁣Here is a...
05/10/2021

⁣⁣⁣⁣🐻 Keeping accurate records is a must for every business owner.⁣

But have you ever stopped to wonder why?⁣

Here is a roundup of the 7 biggest advantages to keeping accurate records. So next time your records need a little straightening up, this will motivate you to get them in order!⁣

SWIPE to explore them⁣

🐻 There is probably nothing scarier than a letter from the IRS. ⁣⁣But if you know what to do with the notice, it takes a...
05/09/2021

🐻 There is probably nothing scarier than a letter from the IRS. ⁣

But if you know what to do with the notice, it takes away much of that terror.⁣

Here’s what to do if one shows up in your mailbox:⁣⁣⁣
1. Do read the notice.⁣⁣⁣
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2. Do respond timely.⁣⁣⁣
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3. Do keep a copy of the notice or letter.⁣⁣⁣
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🐻 By controlling your mind, you can control your destiny. ⁣⁣There are thousands of successful men and women who are wher...
05/08/2021

🐻 By controlling your mind, you can control your destiny. ⁣

There are thousands of successful men and women who are where they are today because they took these particular mindset actions.⁣

Your time is NOW!⁣

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🐻  It’s estimated that more than 47% of full-time workers now work from home, and almost twice as many employees are wor...
05/07/2021

🐻 It’s estimated that more than 47% of full-time workers now work from home, and almost twice as many employees are working from home as at work.⁣

As such, the millions of Americans that have been forced to work from home due to the Worldwide Covid Pandemic are wondering if there could be a tax deduction in all of this for the ‘wear and tear’ on their floors, furniture, and refrigerator.⁣

SWIPE to find out if you are eligible for the home office tax deduction.⁣⁣
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If you have not yet filed your 2020 taxes, ⁣⁣⁣⁣⁣⁣⁣
BOOK AN APPOINTMENT TODAY!⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣
Link in BIO.⁣⁣⁣⁣⁣⁣⁣
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🐻  Today’s super-mobile workforce means that you may have clients who are splitting their time between multiple work loc...
05/06/2021

🐻 Today’s super-mobile workforce means that you may have clients who are splitting their time between multiple work locations. ⁣

As a travel nurse in these situations, understanding the concept of a tax home will help clarify the treatment of travel expenses.⁣

Here’s all you need to know about tax homes.⁣⁣
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SWIPE to begin⁣
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If you have not yet filed your 2020 taxes, ⁣⁣⁣⁣⁣⁣⁣⁣
BOOK AN APPOINTMENT TODAY!⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣
Link in BIO.⁣⁣⁣⁣⁣⁣⁣⁣
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🐻  Becoming a ‘supersaver’ in your Individual Retirement Account may be easier if you take it paycheck by paycheck. ⁣⁣An...
05/05/2021

🐻 Becoming a ‘supersaver’ in your Individual Retirement Account may be easier if you take it paycheck by paycheck. ⁣

And maxing out this retirement account is more common than you may think.⁣

For 2020, you can contribute a maximum $6,000 to an IRA if you’re under age 50, or $7,000 if you’re older than 50.⁣

You can make the tax year 2020 contributions to an Individual Retirement Account through May 17, 2021, and take a tax deduction if you’re eligible.⁣
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If you have not yet filed your 2020 taxes, ⁣⁣⁣⁣⁣⁣
BOOK AN APPOINTMENT TODAY!⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣
Link in BIO.⁣⁣⁣⁣⁣⁣
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Address

San Leandro, CA

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Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 4pm
Sunday 9am - 4pm

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+15102468226

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