Allegiance Tax Service

⏰ This is your wake up call - let us help you prove the numbers wrong!

Businesses can fail for a variety of reasons, but one of the biggest is a failure to plan for taxes.

Whether you're self-employed for the first time (say hello to quarterly tax payments!), or not sure whether you should be collecting sales tax - working with a tax professional can help you make business decisions with confidence.

The 2022 tax season is bringing with it a whole host of changes!

We're about to get super technical - so click the link in our bio if you want to skip the tax talk and have it done for you!

Ok, here are some of the BIG changes you should know about:

💸 The standard deduction has been increased to $12,950 for single filers (and increase for the other filing statuses too!).

💸 The minimum age for a childless worker to claim the Earned Income Tax Credit has been increased to 25 years old. However, the EITC amount has increased, as well as the earned income amount to qualify for the credit.

💸 The Child and Dependent Care Credit percentage has decrease and the credit is no longer refundable.

💸 Third-party payment apps (Venmo, Paypal, Cash App, etc.) will now be issuing a 1099-K for all payments received through their platform.
.. and there's a lot more where those came from!

Your job isn't to keep up with tax changes - that's why you hire us!

If you are making 💰 money from your content creation work, you should be keeping track of any business expenses so you can deduct them from your overall income and keep more of your money.⁣
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Not sure which expenses you should track?

⬆️ Here are some common deductions.⁣ ⬆️

Click the 🔗 in our bio to schedule a FREE consultation!

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Am I right?! 😩