Peerless CFO Services

If the government shuts down, 2/3rds of the IRS staff are set to be furloughed. Hope this doesn’t happen!

Unanswered calls, backlog of mail: IRS plan for government shutdown The contingency plan calls for furloughs of two-thirds of IRS staff, which Treasury said will result in “significant harmful impacts

Happy Birthday Mark! We appreciate everything you do and hope you have an awesome day!

We are helping our THIRD client THIS year now get current on their taxes. This one hasn’t filed in 6-years, the last two had been 5-years. If you haven’t filed in some years, we can help.

Don’t drown. Taking the first step out of the water (that’s starting to rise around you) can be the hardest.

Peerless wants to congratulate Leslie on her promotion to Partner! We truly appreciate everything she does for our clients and for our company. We know you will thrive in this new position!

It’s Suzanne’s Birthday!!! 🎉🎉🎉

Happy 4th 🇺🇸🇺🇸🇺🇸

Our tax team is here to help

We make sure you get everything you are entitled to. Always.

https://www.newsbreakapp.com/n/0dTxmapO?pd=090LlEKk&lang=en_US&s=i16

Don't overlook these 13 tax deductions and credits in 2022 - NewsBreak Tax season is just weeks away, and as you prepare, don't forget to consider eligible tax deductions and credits. With all of the changes to tax laws in 2021 to now take into account, navigating all of the new deductions and credits can be a challenge. For example, there was an...

The IRS is sorely behind. Usually 1 million returns in backlog, they now report 6 million.

https://nypost.com/2022/01/10/irs-warns-of-frustrating-tax-filing-season-amid-backlog-of-returns/

IRS warns of ‘frustrating’ tax filing season over backlog of returns The Internal Revenue Service cautioned it is still working on “prior-year individual tax returns that have not been fully processed.”

Meet Peerless’ Minions 🙂
We had some fun today for sure!

Help us help you and call us sooner rather than later!

Peerless officially has an Instagram account you should go follow it for updates, reminders, appreciation posts, and more!

Peerless got named the 35th Aggie company with the largest growth, we are so incredibly proud and honored!

Happy Labor Day!
(If you are a tax professional looking for a new path, please apply! We need more peeps!!)

Pretty true! Even in our business and office. We always say, “it’s not the mistake that defines you, it how you deal with it that does.”

Be blessed today!

Think Positive!

While the IRS can put people in prison, I’ve always said, “they don’t like to and only do it when you are so egregious that they have no other choice.” I’d say this was egregious.

https://yumanewsnow.com/index.php/news/8453-brother-and-sister-charged-in-scheme-to-thwart-irs-tax-collection.html

Brother and Sister Charged in Scheme to Thwart IRS Tax Collection Yuma Arizona News and Happenings

Sleep? It’s March... no time for that! 😋

How accurate!

Quite probable, not not yet definite (!!) that we will have an automatic extension for tax deadline to July again this year.

https://www.accountingtoday.com/news/lawmakers-ask-irs-to-extend-tax-season-until-july-15-due-to-covid?fbclid=IwAR38P-VDGpf0zgNNCFNerWv2cCQDCB30CkidscBO6SHfLjmo7h4TBt4SAN0

Lawmakers ask IRS to extend tax season until July 15 Democrats on the House Ways and Means Committee are urging the Internal Revenue Service to extend tax season beyond April 15 to give taxpayers another three months until July 15.

Retirement Plans for Small Entities and Self-Employed
https://www.irs.gov/retirement-plans/retirement-plans-for-small-entities-and-self-employed

Retirement Plans for Small Entities and Self-Employed | Internal Revenue Service How to choose, maintain and fix plan errors of a retirement plan for the self-employed

Tax Filing: Should You Itemize Deductions This Year? https://financialhotspot.com/2020/09/18/tax-filing-should-you-itemize-deductions-this-year/

Tax Filing: Should You Itemize Deductions This Year? | www.financialhotspot.com With all the recent and significant changes to the tax code, should you itemize your deductions or claim the standardized one?

10 Ways For Entrepreneurs To Power Through Tough Times
https://www.forbes.com/sites/allbusiness/2021/01/23/10-ways-for-entrepreneurs-to-power-through-tough-times/?ss=small-business-strategy

10 Ways For Entrepreneurs To Power Through Tough Times During these tough times, many entrepreneurs are struggling to stay afloat. Get tips on how to stay focused on your goals and keeping moving forward.

is issuing a 2nd round of Economic Impact Payments. No action needed on your end. http://irs.gov/EIP

For legal and tax purposes, you can structure your business in different ways. Choosing the right one can impact how you file and how much you owe at tax time. Here’s a quick summary of the most popular business-structure options.
https://www.creditkarma.com/tax/i/tax-tips-new-business-owners -the-business-entity-thats-right-for-you

5 Essential Tax Tips for New Business Owners | Credit Karma Tax® Whether you’re a gig worker or founding a company, starting a business and making money for yourself can be exciting. But making money means paying taxes. Here are some tax tips for new business owners.

5 essential tax tips for new business owners
https://www.creditkarma.com/tax/i/tax-tips-new-business-owners

5 Essential Tax Tips for New Business Owners | Credit Karma Tax® Whether you’re a gig worker or founding a company, starting a business and making money for yourself can be exciting. But making money means paying taxes. Here are some tax tips for new business owners.

7 Ways to Build Your Credit Score Without Using Credit Cards https://financialhotspot.com/2020/09/11/7-ways-to-build-your-credit-score-without-using-credit-cards/

7 Ways to Build Your Credit Score Without Using Credit Cards | www.financialhotspot.com A good credit score is critical in today's borrowing mindset, but what can you do to improve it? These tips can get you started on the right path, even if you don't have any credit yet.

9 Basic Financial And Analytics Metrics Every Startup Founder Should Know
https://www.forbes.com/sites/abdoriani/2020/12/21/9-basic-financial-and-analytics-metrics-every-startup-founder-should-know/

9 Basic Financial And Analytics Metrics Every Startup Founder Should Know A startup cannot sustain value creation if its most basic and key metrics don’t add up. In this post, you will find nine essential metrics that every entrepreneur should know about and measure.

Here's how to increase your Social Security payout.
https://money.usnews.com/money/retirement/slideshows/10-social-security-claiming-strategies-that-workhttps://www.justanswer.com/sip/social-security?r=ppc|ga|1|2060448136|73552709462|&JPKW=&JPDC=C&JPST=money.usnews.com&JPAD=362737902209&JPMT=&JPNW=d&JPAF=txt&JPRC=1&JPCD=20190710&JPOP=VP&cmpid=2060448136&agid=73552709462&fiid=&tgtid=&ntw=d&dvc=c&gclid=EAIaIQobChMIspyD54Hl7QIVjXliCh0GCg1eEAEYASAAEgI93_D_BwE

10 Strategies to Maximize Social Security Here's how to increase your Social Security payout.

Second Stimulus Package: What's in It for You
https://money.usnews.com/money/personal-finance/family-finance/articles/second-stimulus-check-and-expanded-unemployment-benefits-who-qualifies-and-when-does-it-start

Second Stimulus Package: What's in It for You There will be a second round of stimulus checks and enhanced unemployment benefits, thanks to an agreement between the House and Senate.

reminder: Limits on charitable contributions have been temporarily suspended. You may deduct qualified contributions of up to 100% of your adjusted gross income. https://go.usa.gov/xfQZs

Charitable Contribution Deductions | Internal Revenue Service Understand the rules covering income tax deductions for charitable contributions by individuals.

7 Ideas to Increase Your Retirement Savings https://financialhotspot.com/2020/09/04/7-ideas-to-increase-your-retirement-savings/

7 Ideas to Increase Your Retirement Savings | www.financialhotspot.com It's never too late to start saving for your retirement. Check out these tips to help you reach your retirement goals.

IRSTaxTip: The CARES Act made changes in how many deduct charitable contributions. If you don't itemize deductions, you may now take a charitable deduction of up to $300 for cash contributions made in 2020 to qualifying organizations. https://go.usa.gov/x79jx

How the CARES Act changes deducting charitable contributions | Internal Revenue Service COVID Tax Tip 2020-153, November 12, 2020

7 Hidden Signs Difficult Times May Be Affecting Team Productivity
https://www.forbes.com/sites/johnhall/2020/12/18/7-hidden-signs-difficult-times-may-be-affecting-team-productivity/?sh=3e51106a46fd

7 Hidden Signs Difficult Times May Be Affecting Team Productivity Your team members are not always going to share their struggles, but here are some things for leaders to look out for. Now more than ever, being there for your team is so important.

Some people who weren’t eligible for an Economic Impact Payment this year may be eligible for the Recovery Rebate Credit when they file their taxes in 2021. : http://irs.gov/eip

Economic Impact Payments | Internal Revenue Service We’re committed to helping you get your economic impact, or stimulus, payment as soon as possible. See if you are eligible for an Economic Impact Payment.

Financial planners say wait until 70, but few Americans take that advice.
https://money.usnews.com/money/retirement/social-security/articles/reasons-to-claim-social-security-at-age-70

5 Reasons to Claim Social Security at Age 70 Financial planners say wait until 70, but few Americans take that advice.

Pretty true!
If you learned useless stuff in school and now need help with taxes - we are here for you!
281-466-4670. [email protected]

10 Great Tips to Save You Money on Your Car Insurance Policy https://financialhotspot.com/2020/08/28/10-great-tips-to-save-you-money-on-your-car-insurance-policy/

10 Great Tips to Save You Money on Your Car Insurance Policy | www.financialhotspot.com If you're thinking about buying a car, insurance is an important part of your budget. These tips can help!