LVM Accounting

Tax season might feel far off, but the best time to plan is before April. Swipe through for three smart strategies to help lower your tax bill when it’s time to file.

Contact us if you have questions or want support with personalized tax strategies. We’re here to help all year round, not just during tax season.

📣Important tax reminder📣

If you filed for a tax extension earlier this year, your new deadline to submit your return is October 15th, and it will be here before you know it.

Here are a few things to keep in mind:

🟢You may owe interest and penalties if you have taxes due since April. The extension gave you more time to file, not more time to pay. If you have owed taxes since April, the IRS has likely been charging interest since then. Paying your taxes as soon as possible helps minimize those extra costs.
🟢Don’t assume the IRS will contact you. Be proactive and file before the deadline. If you miss the October deadline, expect a penalty. The IRS may eventually reach out, but you might rack up some hefty penalties and interest by then.
🟢Amended returns take longer. If you file now and realize later that something was missing or incorrect, you can still file an amended return. However, amended returns can take months to process. Try to get it right the first time to avoid delays.

If you have questions about your return, or anything tax related, please don’t hesitate to give us a call. We’re here to help.

Wishing you a safe and joyful Independence Day! However you celebrate, we hope your weekend is filled with fun, relaxation, and great company.

Please note that our office is closed on July 4th. We’ll be back to assist you on Monday, July 7th.

With tax season behind us and June marking National Homeownership Month, now is a great time to explore the tax benefits that come with owning a home! From mortgage interest deductions to energy-efficient credits, there are valuable opportunities to maximize your savings — especially as real estate purchases and renovations pick up in the summer months.

Swipe through to learn more, and if you have questions about how these deductions and credits apply to you, give us a call. Our team is here to help!

This Mother’s Day, we’re celebrating the incredible moms who somehow always knew the answers — no Wi-Fi required.

They solved mysteries, handled endless “why” questions, and loved us through it all. 💕

Wishing all the amazing moms out there a day full of love, laughter, and the easiest of questions.