Weeks Armored Accounting

02/27/2025

I’ve noticed that more of my clients are owing taxes this year. There are various reasons for this but I believe there are 2 main reasons for it. First, the IRS has tweaked our withholdings in a way that we are meant to break even, they don’t want to have to owe us. And secondly, if you have multiple W2’s you are being taxed at the lowest tax bracket per W2, however, when you combine all income, you get bumped into higher tax brackets.

I’m starting a distribution list to remind my clients every quarter to use the IRS calculator to see where they stand, and if they owe, so they can make quarterly payments and avoid nonpayment penalties. If you want to get on my distribution list PM your email address. This is a free service and you don’t have to be my client to be apart of it.

You don’t want to be caught by surprise and find that you owe thousands of dollars. Let me help you plan.

02/26/2025

If you haven’t filed your taxes in a while because you couldn’t afford it please reach out! This is why I started my business. I want to help.

01/30/2025

Call or text to get your appointment on the books!

Tax filing season is in full swing. For many Americans, it is one of the most common times you interact with the . When you need to interact with us, you have 10 rights that are outlined in the Taxpayer Bill of Rights (TBOR). In this tax tip, we explain your rights as a taxpayer to help you know what to expect.

For more on the Taxpayer Bill of Rights, visit https://ow.ly/QLFX50UOLkK.

12/18/2024

When to expect Form W-2

The IRS requires employers to send W-2s on or before January 31st. Employers meet this requirement if the form is properly addressed and mailed on or before the due date. Many employers send W-2s electronically.

If you have not received your W-2 by early February...

Reach out to your employer;
Verify your address;
Check your email or other online document portals;
Contact the IRS.

It is your responsibility to obtain these documents in a timely manner.

12/17/2024

Are you withholding enough taxes from your income. Use this link to check!

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12/12/2024

I am now officially registered to process 1040 income tax returns for NY!

12/06/2024

Friendly reminder...

Attention LLC and S Corp owners! Beginning January 1st, 2024 all LLC and S Corps must file what is called a BOI, Beneficial Ownership Information. There is no fee to do this but it is required. If your company was opened…
* On or before January 1, 2024 you have until January 1, 2025 to file
* After January 1, 2024 but before January 1, 2025 you have 90 calendar days to file
* On of after January 1, 2025 you only have 30 days to file
You do not have to report annually however you only have 30 days to report any changes to the required information of your company. Failure to file and/or report any changes to your business may result in civil penalties of $500 EACH DAY, or criminal penalties of up to 2 years of imprisonment and/or a fine up to $10,000.

FinCEN has prepared the following Frequently Asked Questions (FAQs) in response to inquiries received relating to the Beneficial Ownership Information Reporting Rule.

12/06/2024

So proud to share that I completed my AFSP!

10/17/2024

Here is your friendly reminder to File you mandatory BOI! It’s free to file but if you don’t you will get penalized 😖

FinCEN has prepared the following Frequently Asked Questions (FAQs) in response to inquiries received relating to the Beneficial Ownership Information Reporting Rule.

10/17/2024

Who’s getting ready for the upcoming tax season? 🙋🏽‍♀️ I’m gearing up to get my Annual Filing Season Program done! Participating in the program and receiving my Record of Completion includes me in the IRS’s public directory of tax return preparers. The “Directory of Federal Tax Preparers with Credentials and Select Qualifications” is a searchable database that includes the names, city, state, zip code, and credentials of all current year Annual Filing Season Program participants, enrolled agents, attorneys, CPAs, enrolled retirement plan agents and enrolled actuaries with a valid PTIN. This shows you that I am legit! We all know there are a lot of scammers out there, I’m here to show you that my business is legit! Stay tuned and I will let you know when my credentials are available.

05/15/2024

Be careful who you trust to do your taxes. If someone is promising you a certain $$$ return before they have even evaluated your information your red flags should go up! There are a lot of scammers out there. Unfortunately it’s too late for some people.

The IRS warned thousands of taxpayers that they could face criminal prosecution and steep fines if they falsely filed for tax credits that do not apply to them.

05/14/2024

Happy to announce that I am adding a specialized area in Uber/Uber Eats/Door Dash self employed individual taxes. If this is you, send me your questions, if I don’t know the answer I WILL find it. Preparing for 2024 tax year starts now.