N&P Consulting Services LLC.

12/25/2022

We wish everyone a Merry, Blessed Christmas, from us at N&P.

10/30/2022

Hello friends! It’s been a while since we posted, and tax season is coming upon us 😬 which brings us new tax rules, which are starting to roll out. We will be posting important updates as we get ready for the 2023 tax season! First new change: FSA (flexible spending account) contribution limits have increased for 2023! The maximum contribution limit increased by $200, $3,050 in 2023 from $2,850 in 2022. The carryover amount also increased by $40, $610 from $570 in 2022.

FSA accounts allow you to pay for certain out-of-pocket medical costs with pretax money you earn. This is an awesome program we recommend anyone with medical expenses to tax advantage of! Ask your employer about the FSA account since enrollment season is upon many of us (or coming up).

If you have any questions about how an FSA can effect your taxes, give send us a text at 660-223-9380 or email us at [email protected]

https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/2023-fsa-contribution-cap-and-other-colas.aspx #:~:text=This%20article%20was%20updated.,up%20from%20%242%2C850%20in%202022.

Employees in 2023 can contribute up to $3,050 to their health care flexible spending accounts (FSAs), pretax, through payroll deduction—a $200 increase from 2022—the IRS announced. The maximum carryover amount rises to $610, up from $570.

04/18/2022

03/09/2022

PSA for all you S-Corps and Partnerships out there: March 15th is tax day! Call or Text us at 660-223-9380 if you need your taxes filed or if you want an extension!

‼️ ‼️ Again, this is only for S-Corps and Partnerships, those needing to file a 1120s or 1065 to issue K-1s to your shareholders/partners. Not individuals! ‼️ ‼️

Special PSA to procrastinators... we will take your calls up to 11:59 pm March 14th 🙃 , but we will only be able to file an extension, and then schedule you to come in for your VIP 🌟Interview (no red carpet, but you do get free espresso aka elixirr of the gods 😋 )...

02/15/2022

Have you been hearing a lot about inflation recently on the news? Here is an excellent article from our blog about your finances and inflation.

N&P Consulting Services, LLC on Google:

Inflation and your finances: People who are looking for ways to counter the impact and preserve financial stability can start with these solutions.

02/15/2022

We have some of the most creative small businesses in our community! Watching this makes us want to go get something sweet and caffeinated! 😋 Teremok Coffee & Desserts

teremokcoffeedesserts • Original Audio

02/05/2022

We have an excellent article on our blog that will explain the difference between hobby income and for-profit income. In recent years, many people have started "side-gigs," and understanding how that income is treated is key. If you have more questions... (cue superhero 🦸 music) that's where we come in to help🧐 !

Blog Post: bit.ly/3rswBmb

We make it easy for you to meet with us! You can call or text 660-223-9380 (text preferred) or schedule yourself by clicking here ----> bit.ly/3HxPGJk

(too much?)

01/02/2022

Happy New Year! We hope everyone enjoyed their Holiday Season, but we are excited to meet everyone for the upcoming tax season! We will be posting updates on our FaceBook page for the upcoming tax season, so stay tuned!

01/01/2022

Happy New Year!