𝗪𝗶𝗹𝗹 𝘁𝗵𝗲 𝗜𝗥𝗦 𝗷𝘂𝘀𝘁 𝗳𝗶𝗹𝗲 𝗺𝘆 𝗿𝗲𝘁𝘂𝗿𝗻 𝗳𝗼𝗿 𝗺𝗲 𝗶𝗳 𝗜 𝗱𝗼𝗻’𝘁 𝗳𝗶𝗹𝗲?
If you are significantly delinquent (as in 1+ years unfiled and multiple IRS notices sent), the IRS will file a Substitute for Return immediately.
Letting the IRS file your return for you is 𝘯𝘰𝘵 something you want. Because they don’t look at the full picture of your tax situation.
• No business expense reconstruction
• No careful review of deductions or credits
• No strategy around filing status
• No effort to lower your balance
So, when the IRS files for you, your balance will likely be bigger than it needs to be.
We can intercept this process by filing your accurate returns before the IRS assesses an inflated balance you don't actually owe.
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THIS is the year when being strategic with donations can trim down 𝘯𝘦𝘹𝘵 𝘺𝘦𝘢𝘳'𝘴 tax bill (as a result of new tax provisions passed 𝘭𝘢𝘴𝘵 𝘺𝘦𝘢𝘳).
If you want to start looking at those strategies now with your tax bill fresh on your mind, let's get something scheduled.
Adapting to Charitable Tax Changes: What Nonprofits Need to Know for 2026 and Beyond | Giving USA
givingusa.org
By Ally Orlando, Senior Copywriter at DonorPerfect The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, marks one of the most significant shifts to charitable giving rules in recen...0 CommentsComment on Facebook
“𝘾𝙖𝙣 𝙄 𝙪𝙨𝙚 𝙛𝙧𝙚𝙚 𝙖𝙘𝙘𝙤𝙪𝙣𝙩𝙞𝙣𝙜 𝙨𝙤𝙛𝙩𝙬𝙖𝙧𝙚 𝙛𝙤𝙧 𝙢𝙮 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨?”
Yes, you can use free software like Wave or ProfitBooks, but they are best suited for solo freelancers with simple transactions.
As your business grows, free versions often lack the internal controls and audit logs required for complex tax filings or multi-state operations. Moving data to a paid system later can also be costly.
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Less than a month until the tax filing deadline. There's still plenty of time to file your return the RIGHT way... that gets you more tax savings and keeps you farther away from IRS trouble.
Don’t just take the convenience route, or procrastinate until the last minute. These are your finances at stake. Make the smart tax decisions now that will positively impact your life April 16th and the rest of the year.
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𝗛𝗼𝘄 𝗺𝘂𝗰𝗵 𝗱𝗼 𝗜 𝗵𝗮𝘃𝗲 𝘁𝗼 𝗺𝗮𝗸𝗲 𝘁𝗼 𝗳𝗶𝗹𝗲 𝘁𝗮𝘅𝗲𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝟮𝟬𝟮𝟱 𝘁𝗮𝘅 𝘆𝗲𝗮𝗿?
It depends on more than just how much you made. If your income was only from wages, you may not need to file if it was below the filing threshold.
But if you had self-employment or side hustle income, you may still need to file even at a much lower amount. In many cases, $400 or more of net self-employment income creates a filing requirement.
DM us if you want help figuring out whether you need to file.
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𝗗𝗼 𝘆𝗼𝘂 𝗵𝗮𝘃𝗲 𝗮 𝘀𝘆𝘀𝘁𝗲𝗺 𝗳𝗼𝗿 𝘁𝗿𝗮𝗰𝗸𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹/𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗲𝘅𝗽𝗲𝗻𝘀𝗲𝘀?
Comment YES or NO below.
And if yes, share your tips and tricks.
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𝗛𝗼𝘄 𝗰𝗮𝗻 𝗔𝗜 𝗵𝗲𝗹𝗽 𝗺𝗲 𝗮𝗻𝗮𝗹𝘆𝘇𝗲 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀?
If you aren’t even totally sure where your business's bottlenecks are, take another step back. Ask AI (ChatGPT, Claude, or Gemini are great options to start with) to analyze your systems or data.
(NOTE: Make sure to turn off the "Train the Model" setting in your account 𝘉𝘌𝘍𝘖𝘙𝘌 doing the below.}
You can upload CSVs, Excel files, or PDF reports, and put in prompts like…
• "Analyze this sales export from last year. Which products have the highest margins and which ones are plateauing?"
• "Look at this customer list. Can you segment them into 'VIPs,' 'At-Risk,' and 'New' based on their purchase frequency?"
• "Review these operating expenses. Where am I seeing the biggest month-over-month increases?"
• "Here is my current onboarding process for new clients. Where am I likely losing time or risking human error?"
• "I’m considering a subscription model versus a one-time fee. Can you list the pros, cons, and a break-even projection for both?"
• "I'll describe my competitor's service. Tell me three areas where I can differentiate my customer experience to save time while adding value."
These kinds of questions aren’t meant to replace your judgment. The conclusions and applications can be incorrect, or not the most important ones YOU or a skilled advisor would identify.
But they can surface patterns and gaps faster than working through the material alone. And we're available to help you take the insights even further for your business.
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