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Child Tax Credit for 2025
Welcome to the Fleaux. We at Bookkeeping & Tax Fleaux, LLC, want to empower you with information for your entire financial lives. Here's one that you don't want to sleep on! The Child Tax Credit for 2025 could net you: Up to $2,000 per qualifying child Up to $1,700 may be refundable Make sure children meet (a) age requirements, (b) residency rules and (c) dependency rules. If you qualify, don't leave these tax credits on the table. Take advantage of them!! You've been to the
wsull84435
Mar 101 min read
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Increase in Standard Deduction
For tax year 2025, the standard deduction amounts have increased. How do you take advantage of it and other ways to reduce your taxable income? Give me a call today @ 972-665-9910 or email me at waltersullivan@bookkeepingtaxfleauxllc.com . I can help you!
wsull84435
Jan 141 min read
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Side hustles are taxable
Income earned from freelancing/gig work/side hustles must be reported. You might or might not get a 1099 for the work but you should still report all income earned. The good news is you can deduct all legitimate business expenditures, put money away for retirement, etc., if you know how to track and report them. Contact me at waltersullivan@bookkeepingtaxfleauxllc.com to get started!
wsull84435
Jan 141 min read
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Unlock Business Growth Through Smart Tax Planning
Tax planning is often viewed as a tedious obligation, but it can be a powerful tool for driving business growth. By strategically managing tax liabilities, businesses can free up resources, invest in growth opportunities, and enhance their overall financial health. In this blog post, we will explore how smart tax planning can unlock business growth, providing practical strategies and real-world examples to illustrate its potential. Understanding Tax Planning Tax planning invo
wsull84435
Nov 23, 20254 min read
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