Legacy Tax Group

Tax Tip Tuesday 💡

Did you know? Keeping personal and business finances separate can save you time, stress, and money at tax time.

Using a dedicated business bank account and credit card makes it easier to:

Track income and expenses accurately
Maximize deductible business expenses
Simplify bookkeeping
Prepare for tax season with less hassle
Protect your business records in the event of an audit

If you're still using one account for everything, now is a great time to separate your finances and build better habits before year-end.

Need help getting your books organized? Legacy Tax Group is here to help! 📚✨

👔 Happy Father's Day from Legacy Tax Group! 👔

Today, we celebrate the dads, grandfathers, stepdads, and father figures who work tirelessly to provide, support, teach, and inspire their families every day.

Whether you're coaching from the sidelines, teaching life's lessons, working long hours, or simply being there when it matters most, your impact is immeasurable.

Thank you for all the sacrifices you make and the example you set for the next generation.

Wishing all the fathers and father figures a day filled with appreciation, family, and well-deserved relaxation.

Happy Father's Day!

- The Legacy Tax Group Team 💙

💡 Tax Tip Tuesday: It's Time for a Mid-Year Tax Checkup! 💡

We're halfway through the year, which makes now the perfect time to review your tax situation before year-end.

A quick mid-year tax review can help you:

✅ Adjust withholding if your income has changed
✅ Make sure estimated tax payments are on track
✅ Identify missed deductions and credits
✅ Plan for major life changes like marriage, divorce, a new baby, or a new job
✅ Avoid surprises when it's time to file your tax return

Many taxpayers wait until tax season to think about taxes, but by then, most planning opportunities are gone.

Pro Tip: If you're self-employed or own a business, a mid-year review can help you estimate your tax liability and make informed decisions before year-end.

📊 The best tax savings happen with planning, not preparation.

Need help reviewing your situation? Legacy Tax Group is here to help you stay ahead of the game.

💡 Tax Tip Tuesday: Don't Miss Your Q2 Estimated Tax Payment! 💡

📅 Quarter 2 Estimated Tax Payments are Due June 15th!

If you're self-employed, own a business, have rental income, or receive income that doesn't have taxes withheld, you may need to make estimated tax payments throughout the year.

✅ Paying on time can help you:
• Avoid IRS penalties and interest
• Stay on track with your tax obligations
• Prevent a large tax bill at year-end

Who should consider making an estimated payment?
✔️ Business owners
✔️ Independent contractors & freelancers
✔️ Gig workers
✔️ Landlords
✔️ Individuals with significant investment income

Pro Tip: If your income has increased this year, now is a great time to review your tax situation and make sure you're paying enough in.

Need help calculating your payment? Contact Legacy Tax Group and we'll help you determine the right amount before the June 15 deadline.

📞 Don't wait until tax season, plan ahead and stay ahead!

💡 Tax Tip Tuesday 💡

Did you know? If you work from home occasionally for your employer, you typically cannot deduct home office expenses on your personal tax return.

However, if you’re self-employed, freelance, or run a side business, you may qualify for valuable deductions like:
✔️ Home office space
✔️ Internet & phone usage
✔️ Office supplies
✔️ Mileage & business travel

A lot of people miss out on deductions simply because they don’t realize their side hustle counts as a business!

Before you file, make sure you’re keeping good records and tracking expenses throughout the year, not just at tax time. 📚✨

— Legacy Tax Group

🇺🇸 This Memorial Day, all of us at Legacy Tax Group honor and remember the brave men and women who made the ultimate sacrifice for our freedom.

Today, we pause to reflect with gratitude for those who served our country with courage and selflessness. Wishing everyone a safe and meaningful Memorial Day spent with family, friends, and remembrance. ❤️🤍💙

💸 Tax Tip Tuesday 💸

If you’re self-employed and use your personal car for business, don’t forget about the mileage deduction. For 2026, every business mile can add up to serious tax savings, but only if you’re tracking it.

What counts?
✔️ Driving to client meetings
✔️ Running business errands
✔️ Trips to the bank, post office, or supply store

What doesn’t?
❌ Commuting from home to your regular office

Pro tip: A simple mileage tracking app can save you hundreds (or thousands) at tax time... and the cost of the app is deductible too! 🚗📱

📌 Tax Tip Tuesday: Estimated Taxes Don’t Have to Be Stressful

If you’re self-employed, a 1099 contractor, or a business owner, here’s your friendly reminder: the IRS expects taxes to be paid throughout the year, not just at tax time.

💡 Quick rule of thumb to avoid penalties:
You can generally stay on track by paying:

* 100% of last year’s total tax (or 110% if your income is higher)
* OR 90% of what you’ll owe this year

💰 Simple planning tip:
Set aside about 25–30% of your net income so quarterly payments don’t catch you off guard.

📊 Good news: You don’t have to figure it out alone.

We offer a service to calculate your quarterly estimated tax payments for you, so you know exactly what to pay and when; no guessing, no surprises, and no unnecessary penalties.

If you want help getting your numbers dialed in before the next due date, just reach out.

Happy Mother’s Day from all of us at Legacy Tax Group! 💐

Today we celebrate the incredible mothers, grandmothers, stepmothers, and mother figures who give their love, strength, and guidance every day. Your hard work, sacrifice, and endless support do not go unnoticed.

Wishing you a day filled with love, joy, and the appreciation you deserve. 💖

Happy Mother’s Day! 🌷

💡 Tax Tip Tuesday from Legacy Tax Group 💼

Did you know mixing personal and business expenses can create major headaches at tax time? 😵‍💫

✅ Keep a separate business bank account and credit card for all business income and expenses. This makes bookkeeping easier, helps maximize deductions, and keeps your records clean if the IRS ever asks questions. 📂💳

Simple habits now can save time, stress, and money later. ⏰💰

Need help getting your books and taxes on track? Legacy Tax Group is here to help. 🤝