BOS Financial LLC

Proposed things to ponder:

Key Family Tax Breaks Are on the GOP Chopping Block This Year Several tax breaks, including the Child Tax Credit, may face reforms or be cut entirely as lawmakers seek revenue for Trump’s tax plans.

🚨⚠️ SCAM ALERT ⚠️🚨
I've received increased reports of scammers disguising themselves as accountants and tax professionals. Share these tips to ensure the accountant is a real accountant:

✅️ Try to get a referral from a friend, family, fellow business owner, or your local town group.

⚠️ Use Discretion when Googling "Accountants Near Me" or hiring off Social Media.

✅️ Request an in-person meeting or consultation.

⚠️ Use Discretion if they do not allow in person meetings, even if you offer to travel.

✅️ Search for a long term Online Presence, reviews, and history of their business.

⚠️ Use Discretion if their social media/websites were just recently established a week or a month ago.

✅️ Ask about their onboarding process requirements.

⚠️ Use Discretion if you're a new client and they ask for immediate payment or deposits, without an onboarding process/engagement letter.

✅️ Test: Ask them an accounting question you already know the answer to ("What is the maximum number of dependents I can receive a Child Tax Credit for?" Etc).

⚠️ Use Discretion and be weary of "too good to be true" promises, such as large refund promises, or promises to eliminate tax bills from your tax return.

✅️ Join our free Ask an Accountant Group for any help you may need with tax questions or finding the best accountant for your situation 💜:
Facebook.com/groups/taxlawspecialist

We are on the thinking side. 😉

H & R Block, TaxSlayer, and Tax Act could potentially face criminal charges due to sharing taxpayer data with Google & Meta.

Tax prep companies shared private taxpayer data with Google and Meta for years, congressional probe finds | CNN Business Some of America’s largest tax-prep companies have spent years sharing Americans’ sensitive financial data with tech titans including Meta and Google in a potential violation of federal law — data that in some cases was misused for targeted advertising, according to a seven-month congressional ...

The Texas Comptroller has had some technical issues this week; the webfile system is currently down. The deadline for franchise tax reports has been extended to May 17th, 2023.

Happy Valentine's Day.
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