BDM Tax Consulting

09/10/2020

Feeling Happy Today...🙂

09/10/2020

Hello Everyone Happy Thursday....

09/10/2020

Hello everyone,

Hope your enjoying the end of summer. As we approach the fall weather, please take a moment and remember to were your mask, continuously wash your hands, sanitize and practice social distancing.

Remember be safe.

07/11/2020

Find out your states legislative responses to COVID and what further actions are on the table.

Many states are racing to pass budgets, emergency COVID-19 supplemental appropriations, and other must-pass legislation as quickly as possible so they can adjourn earlier than anticipated and avoid unnecessary risk of exposure.

07/05/2020

The Get My Payment tracking app may be easy enough to use, but you'll get more from it if you know these tips before you begin.

07/01/2020

🚗 How you can keep your car insurance costs low

The first thing to do is bargain shop to make sure that the rates you are getting are reasonable in comparison to other companies. Within the policy that you have, these are a few tips that could save you a few bucks.

🚘 Buy a cheaper or a lower profile car
🚘 Take out a higher deductible
🚘 Look into different insurance costs in different communities
🚘 Pay annually
🚘 Drop collision damage coverage
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📲 +1 857-244-3672
🌐 https://www.bdmtaxconsulting.com

06/30/2020

Business formation 🧑‍💼

✔️ When forming a business choosing the right entity classification can mean the difference between costing you thousand in revenue and various other lost opportunities or saving your millions in revenue.

✔️ Needless to say, helping startup businesses navigate this initial process is very critical in the formative years of any business.

✔️ Thus tax practitioners at BD&M Tax Consulting specialize and pride ourselves on ensuring client have the best classification that suits their needs and goals.

✔️ Whether you’re trying to form a sole proprietorship, flow-through tax entity or a corporation we there are trained professionals here to make the decision making a little easier.
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📲 +1 857-244-3672
🌐 https://www.bdmtaxconsulting.com

06/26/2020

The economic outlook for some companies balance sheets and cash projections may look uncertain during Round 2 of CV-19 particularly Q3 & Q4. As such companies such as The GAP are using recognized brands to help stock prices soar and steady the course.

This an interesting article discussing how The Gap Brand & The Yezzy Brand and similar Hip Hop infused clothing lines maybe the new life preserver needed to keep some retail franchises weathering the coming storm.

Could this be the new wave? A 36% stock price increase this morning after the opening bell may indicate just that.

Read Below

A teenage Kanye West worked at his local Gap in Chicago. Now, almost three decades and 140 million record sales later, West could help his old employer survive.

06/26/2020

5 Tax Tips For Early Preparation ✅

There are five easy ways to get a good jump on your taxes long before the April 15 deadline rolls around:

🔗 Gather your records in advance. Make sure you have all the records you need, including W-2s and 1099s. Don't forget to save a copy for your files.

🔗 Get the right forms. They're available around the clock on IRS.gov in the Forms and Publications section.

🔗 Take your time. Don't forget to leave room for a coffee break when filling out your tax return. Rushing can mean making a mistake — and that can be expensive!

🔗 Double-check your math and Social Security number. These are among the most common errors on tax returns. Taking care on these reduces your chances of hearing from the IRS.

🔗 Get the fastest refund. When you file early, you get your refund faster. Using e-filing with direct deposit gets you a refund in half the time as paper filing.
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📲 +1 857-244-3672
🌐 https://www.bdmtaxconsulting.com

06/25/2020

Investments you can make to help defer taxes 🏦

📎 The interest gained from state and local bonds is usually exempt from federal income taxes. These investments generally pay back at a lower interest rate than commercial bonds of similar quality.

📎 Since Treasury Bonds are similarly exempt from state and local income tax, they can be a particularly good investment for those who are in high tax brackets and live in high-income-tax states.
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📲 +1 857-244-3672
🌐 https://www.bdmtaxconsulting.com

06/25/2020

How High are Wine Taxes in Your State?

You’ll find the highest wine excise taxes in Kentucky, Alaska, and Florida, and the lowest in California, Texas, and Wisconsin.

06/24/2020

The deadline had been pushed back by three months to July 15, due to the coronavirus pandemic.