Total Tax Service Towanda

Summer Tax Tip: Hire Your Kids for the Summer

If you own a business, summer can be an excellent time to put your children to work and potentially reduce your family's overall tax bill.

How it works:

Pay your child a reasonable wage for actual work performed.
Common tasks include filing, organizing records, social media management, cleaning, data entry, and office support.
Wages paid are generally deductible as a business expense.
Your child may pay little or no federal income tax if their earnings are below the standard deduction amount.

Example:
If your business pays your child $8,000 during the summer for legitimate work:

The business may receive an $8,000 deduction.
The income shifts from a potentially higher tax bracket to your child's lower tax bracket.
The money can be used for college, a vehicle, or savings.

Important rules:

The work must be legitimate and age-appropriate.
Pay must be reasonable for the services performed.
Keep time records and job descriptions.
Pay by check and maintain payroll records.

For more information give us a call.

Total Tax Service
519 Main Street
Towanda, PA 18848
570-268-0989

🚨 ATTENTION BUSINESS OWNERS AGE 55+ 🚨

Thinking About Retiring… But Not Sure What Your Business Is Worth (Or How to Sell It)?

You’ve spent YEARS—maybe DECADES—building your business…

Late nights. Payroll stress. Customers. Risk. Sacrifice.

Now you’re asking the big question:

👉 “How do I turn all this into a retirement… without leaving money on the table?”

💰 HERE’S THE TRUTH MOST OWNERS DON’T REALIZE:

Most businesses sell for LESS than they should
Many deals fall apart before closing
And too many owners wait too long… and lose leverage

📊 BEFORE YOU EVEN THINK ABOUT SELLING…

You Need Answers To These 3 Critical Questions:

What is my business REALLY worth right now?
How do I increase that value BEFORE selling?
What’s the smartest way to exit and minimize taxes?

✅ INTRODUCING:

FREE BUSINESS EXIT & VALUE REVIEW

We’ll show you:

✔ What buyers are ACTUALLY paying in today’s market
✔ Hidden value drivers that could increase your sale price
✔ Tax-smart strategies to keep more of what you’ve earned
✔ Your best options: sell, phase out, or transition

⚠️ THIS IS FOR YOU IF:
You’re within 1–10 years of retirement
Your business generates $300K+ in revenue
You want a clear exit plan—not guesswork

🎯 CLAIM YOUR FREE REVIEW NOW

(Spots are limited – we only work with a small number of owners each month)

👉 Call us at 570-268-0989 for a free review

👇 FINAL THOUGHT:

You only sell your business once.
Make sure you don’t learn the hard way what it was really worth.

Total Tax Service
519 Main Street
Towanda, PA 18848
570-268-0989
[email protected]

⚠️ WARNING:

The “Cheap” Tax Preparer Could Be Costing You THOUSANDS Every Year

Before you hand your financial life to the lowest bidder… read this.

Because when it comes to taxes, you don’t get what you pay for — you get what you don’t pay for.

And what you don’t pay for is:
❌ Strategy
❌ Accuracy
❌ Protection
❌ Maximum deductions
❌ Long-term tax savings
🎯 Cheap Preparers Are Trained To Be FAST — Not SMART

Their business model is simple:
👉 Get you in
👉 Rush the return
👉 Collect the fee
👉 Move on

No deep review.
No planning.
No digging for missed deductions.
No concern for what happens if the IRS comes knocking.

📬 And When the IRS DOES Come Knocking…

The Internal Revenue Service doesn’t care that you used a bargain preparer.
They come after YOU.
Not the $99 tax shop.
Not the seasonal worker who rushed your return.
You.

With penalties.

Interest.

And audit stress.

💡 What a Professional Does That Cheap Shops Never Will
✔ Finds deductions others miss
✔ Structures income smarter
✔ Plans ahead to lower future taxes
✔ Reduces audit risk
✔ Stands behind the return
✔ Helps with IRS letters & problems

A professional isn’t an expense.
They’re an investment that usually pays for itself many times over.

💥 The Brutal Truth

Most people who switch to a professional discover:
• Overpaid taxes for years
• Missed credits
• Sloppy filings
• Risky shortcuts
The “cheap” return quietly cost them thousands.

✅ Smart People Don’t Look For The Cheapest Surgeon…
And Smart Taxpayers Don’t Look For The Cheapest Tax Preparer

They look for:
✔ Accuracy
✔ Strategy
✔ Experience
✔ Protection
✔ Maximum legal savings

We prepare Individual, Corporate, Partnership and Fiduciary Income tax returns.
Give us a call for a Free Review and/or to help you prepare your income tax returns.

Total Tax Service Inc.
519 Main Street
Towanda, PA 18848
570-268-0989

[email protected]

Better Preparers--Better Returns