Signature Tax & Bookkeeping LLC - Luis R Herrera, EA

06/17/2026

Making more sales but still short on cash? Your P&L can be misleading — growth often hides small expense leaks that squeeze your cash flow. Learn the 3 expense ratios that reveal where money’s slipping so you can keep more profit and breathe easier. Find out how.

Revenue is up—but cash is tight? Discover why your P&L can mislead you and how expense ratios reveal where your money is really going.

06/17/2026

Awareness is power.

06/16/2026

Thinking of moving back into a former rental to save on taxes? You might exclude up to $500,000, but depreciation recapture and post-2008 "nonqualified use" can shrink that exclusion—even if you never claimed depreciation. Don’t get surprised at closing. Find out how.

A comprehensive guide to the Section 121 exclusion, depreciation recapture, and nonqualified use rules when converting a rental property to a home.

06/16/2026

Save now, save later.

06/15/2026

Thinking of keeping or ditching that old life insurance policy? You might be sitting on cash — but selling it (a life settlement) can trigger surprising tax layers. Learn how to maximize proceeds and avoid unexpected tax bills. Find out how.

Discover the tax implications of selling your life insurance policy. We explain ordinary income, capital gains, and how life settlements impact your taxes.

06/15/2026

Surrendering, selling, or transferring a life insurance policy can lead to different tax implications. Watch this video for a brief overview.

06/15/2026

Keep moving forward, no matter what roadblocks you encounter.

06/12/2026

Got paid on Venmo, Zelle or Cash App? Those casual transfers can still be taxable — and Zelle often won’t send a 1099‑K. Don’t let messy books turn a side hustle into a tax surprise. Check it out to stay ahead.

Payment apps like Venmo, PayPal, Cash App, and Stripe can trigger tax reporting. Learn Form 1099-K rules and how to stay compliant.

06/11/2026

Don't let youth-sports spending sideline your tax savings. Some costs — day-camp childcare, volunteer expenses, medically prescribed programs, even NIL business costs — can be deductible if properly documented. Curious which apply to your family? Find out.

Learn when youth sports expenses may qualify for tax credits, deductions, medical expenses, charitable giving, or NIL business income.

06/10/2026

Think no 1099 means no tax? Think again. Juggling side gigs? Even $400 in net earnings can trigger self‑employment tax—and many apps won’t send forms. Learn simple steps to track income, save ~25–30% for taxes, and avoid surprise bills. Find out.

From Venmo payments to freelance income and creator earnings, Gen Z workers need to understand side hustle taxes to avoid costly surprises.