Betts Consulting LLC

02/13/2024

Fun day at work today with a lot of decorations, laughter and a Shrimp Boil! Trying to make the most of tax season and enjoy this awesome team!

07/03/2023

Happy Independence Day!!

06/02/2023

End of tax season celebration! What a fun group and way to relieve stress! I am so thankful for each and every one of my amazing staff!

04/28/2023

IR-2023-93, April 28, 2023 — As part of National Small Business Week, April 30 to May 6, the Internal Revenue Service is highlighting tax benefits and resources to help those looking to start a business.

03/28/2023

https://www.irs.gov/newsroom/dont-fall-for-these-federal-tax-refund-myths

Tax Tip 2023-38, March 23, 2023 — Once people complete and file their tax return, many of them eagerly await any refund they may be owed. No matter how a taxpayer plans to use their tax refund, knowing fact from fiction can help manage expectations as they wait for their money.

03/20/2023

https://www.irs.gov/newsroom/options-for-taxpayers-with-a-tax-bill-they-cant-pay

Tax Tip 2023-35, March 20, 2023 — Taxpayers who can’t pay their tax bill by the April 18, 2023, deadline shouldn’t panic. The IRS offers several options to help them meet their obligations.

02/24/2023

Fun times celebrating Mardi Gras with games, king cake, stress relief and laughter this week!

01/16/2023

IRS Tax Tip 2023-05, January 12, 2023 — In recent years, the gig economy has changed how people do business and provide services. Taxpayers must report their gig economy earnings on a tax return – whether they earned that money through a part-time, temporary or side gig.

01/11/2023

The IRS will not call you. In addition, we are seeing calls coming from the SBA, which are not coming from the Small Business Administration. Ignore these calls as well. Be vigilant! Don't be a victim of scammers.

Tax Tip 2023-02, January 9, 2023 — The tax filing season is a popular time for scammers to call and try to dupe unsuspecting taxpayers. These thieves often make threatening or alarming calls posing as the IRS to try to steal taxpayer money or personal information.

12/21/2022

Merry Christmas from our office/family to yours!

11/15/2022

https://www.irs.gov/newsroom/an-overview-of-the-taxpayer-bill-of-rights

Tax Tip 2022-174, November 14, 2022 — By law, all taxpayers have fundamental rights when they're interacting with the IRS. It's important that all taxpayers know and understand their rights. The Taxpayer Bill of Rights presents these rights in 10 categories.

11/04/2022

It's time to get your year-end planning completed! Start gathering documents and information!

11/02/2022

10/04/2022

Information on eligible areas included below.

Tax Tip 2022-152, October 4, 2022 — Farmers and ranchers forced to sell livestock because of drought conditions may have more time to replace their livestock and defer tax on any gains from the forced sales. The IRS recently announced a one-year extension which gives eligible farmers and ranchers ...

09/08/2022

https://www.irs.gov/newsroom/know-whats-deductible-after-buying-that-first-home-sweet-home

Tax Tip 2022-138, September 8, 2022 — Making the dream of owning a home a reality is a big step for many people. Whether a fixer-upper or dream home, homeownership is a milestone that can come with a learning curve. First-time homeowners should make themselves familiar with authorized deductions, ...

08/18/2022

IRS Tax Tip 2022-126, August 17, 2022 — Picking up the pieces after a natural disaster can be challenging. Fire or flood may have destroyed personal and financial records, including records needed to recover disaster-related losses. People may need documentation for tax purposes, federal assistanc...

08/18/2022

https://www.irs.gov/newsroom/after-disaster-strikes-getting-copies-of-important-records-can-help-people-rebuild-their-lives

IRS Tax Tip 2022-126, August 17, 2022 — Picking up the pieces after a natural disaster can be challenging. Fire or flood may have destroyed personal and financial records, including records needed to recover disaster-related losses. People may need documentation for tax purposes, federal assistanc...