Newsletters 2024

I want to take a moment to express my gratitude to everyone who has supported Every Penny Bookkeeping this year! Your referrals are the BIGGEST compliment.

If you haven’t filed your tax return by the due date, you may be subject to this penalty. Per the IRS, this penalty is 5% of the unpaid taxes for each month or part of a month that a tax return is late for up to a maximum of 25% of your unpaid taxes.

September means the kids are settling back into school, football season is kicking off, and you’ve got some pretty important tax deadlines coming up! Let’s go over what’s due:

It’s super depressing that summer’s coming to an end (but maybe not so sad that the kids are going back to school!). If you’re anything like me, you’re already looking forward to the extra time to plan your fall marketing campaign. Here are some marketing expenses your business might be able to deduct:

This month’s freebie offers support for all of the DIY bookkeepers out there. While you won’t have to worry about any of this when you work with a professional bookkeeper, it’s imperative that your books are reconciled on a regular basis no matter who’s doing it!

And if your dad is anything like mine was, he was known for puttering around the pool every weekend in the summer, killing any bugs you’re too scared to touch, and teaching invaluable life lessons.

Especially since it includes National Small Business Day (mark your calendars for May 10th!). Our specialty is getting you back to yours, and I want to take a moment to highlight some of the ways I love to do that:

If you aren’t sure whether you’re going to be able to get your return(s) filed in time, you should file for an automatic extension. If you aren’t working with a tax accountant who can file an extension on your behalf, check out IRS Free File to file an extension for free regardless of your income level.

Did you know that not everyone is required to file their taxes? Your filing requirement is based on factors like your gross income, age, dependent status, earned and unearned income, and how much you make if you’re self-employed.
You may be wondering why I’m telling you this… don’t I want you to file a tax return?

Whether you receive a W-2 from an employer or a 1099 to show your income, you should be receiving those documents in the mail soon. But… what if your W-2 never shows up? Here’s what to do:

I hope you enjoyed your time off for the holidays this year because we’re about to dive head-first into tax talk. Was your New Year’s Resolution to be more educated when it comes to taxes? Start with these IRS inflation adjustments: