Entrusted Tax Services & More

06/17/2026

https://etsdigitalproducts.etsy.com

06/10/2026

Tip Tuesday 📊 | How to Calculate Estimated Tax Payments

Are you a business owner, freelancer, or 1099 contractor?

Here's a simple formula:

✅ Estimate your annual net profit
✅ Multiply by your estimated tax rate (typically 20%–30% for many small business owners)
✅ Divide by 4 for quarterly payments

Example:

Expected Net Profit: $50,000
Estimated Tax Rate: 25%
Estimated Annual Tax: $12,500
Quarterly Payment: $3,125

💡 Pro Tip: Set aside a percentage of every payment you receive into a separate tax savings account. This makes quarterly payments much easier to manage.

Not sure how much you should be paying? Every business is different. Factors such as self-employment tax, business deductions, filing status, and other income sources can affect your estimated tax liability.

Entrusted Tax Services and More can help you calculate accurate estimated tax payments and develop a tax strategy that works for your business.

📞 432-853-2716
📧 [email protected]

06/05/2026

🎉 Exciting News! 🎉

I am honored to share that Entrusted Tax Services and More has been nominated in this year's CommunityVotes Midland TX campaign in the Administrative Services category!

If you've worked with Entrusted Tax Services and More and believe in the services we provide, I'd be grateful for your continued support throughout the CommunityVotes campaign.

✅ Vote daily
📅 Voting ends June 5
🔗 Cast your votes here: mrt.com/readerschoice

05/27/2026

Establishing a routine for financial management not only saves you time but money as well. By being proactive, you can avoid last-minute chaos and costly corrections.

Stay ahead of the game and maintain healthy financial habits! 💰📈

05/20/2026

After stepping away from the nonprofit sector, I took time to focus on several important areas of my life — growing my businesses, caring for my family, and re-evaluating my priorities and long-term goals.

During this season, I have dedicated my energy to building Entrusted with Purpose Enterprises LLC, where I focus on business systems, operational consulting, and helping organizations create more efficient and sustainable processes. I have also continued growing Entrusted Tax Services and More, providing tax preparation, business support, and administrative services to individuals and entrepreneurs.

This time away gave me valuable perspective, renewed clarity, and an even deeper passion for service-driven work. As I move into this next chapter, I’m looking forward to reconnecting with the community, building meaningful partnerships, and finding new ways to contribute and serve.

Excited for what’s ahead and grateful for everyone who has supported me along the way!

05/19/2026

04/02/2026

Business Vehicle Tax Tips: What to keep track of to maximize deductions

There are two different ways in which you can deduct the costs of a vehicle you use for business. The standard mileage deduction or the actual expenses method.

1. Standard Mileage Deduction

This method lets you deduct a set amount per business mile driven.

Best for:

- People who want a simple option
- Business owners who don’t want to track every car expense
- Vehicles with lower operating costs

What you need to track:
✔️ Business miles
✔️ Date/purpose of trips
✔️ Total yearly miles

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2. Actual Expenses Method

This method lets you deduct the business-use portion of your real vehicle expenses.

Examples of deductible expenses:

- Gas
- Oil changes
- Repairs
- Insurance
- Registration
- Tires
- Car washes
- Lease payments or depreciation
- Interest (if applicable)

Best for:

- Vehicles with high expenses
- Newer or more expensive vehicles
- Business owners willing to keep detailed records

What you need to track:
✔️ All vehicle receipts
✔️ Business vs. personal use percentage
✔️ Mileage log

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Important to Know:

You cannot deduct 100% of your vehicle expenses unless the vehicle is used 100% for business.

Also, commuting from home to your regular job is usually NOT deductible.

Which Method Saves More?

It depends on:

- How many business miles you drive
- How expensive your vehicle is to maintain
- How much of your driving is business-related

Sometimes standard mileage gives a bigger deduction, and sometimes actual expenses does.Good recordkeeping is key either way!

If you need help figuring out which method is best for your situation, feel free to message me or book a consultation.

02/11/2026

Small Business Owners & 1099 Workers: Retirement Savings Can Help Reduce Your Tax Liability!

If you are self-employed or are a contract worker, you may be eligible to contribute to retirement plans such as a Solo 401(k) or SEP IRA.Contributions to most self-employed retirement plans are considered above-the-line deductions, meaning they reduce your Adjusted Gross Income (AGI) regardless of whether you itemize deductions. Lower AGI can result in reduced overall tax liability.

For the 2025 tax year, eligible contributions may generally be made through April 15, 2026 (extensions may apply depending on the plan).

Tax preparation is only part of the process. Strategic planning helps ensure you are maximizing available deductions and planning effectively for the future.

Entrusted Tax Services and More
Helping you build today while planning for tomorrow.

Propietarios de pequeñas empresas: ¡Ahorrar para la jubilación puede ayudar a reducir su obligación tributaria!

Si trabaja por cuenta propia, podría ser elegible para contribuir a planes de jubilación como Solo 401(k) o SEP IRA.
Las contribuciones a la mayoría de los planes de jubilación para trabajadores autónomos se consideran deducciones por encima de la línea, lo que significa que reducen su Ingreso Bruto Ajustado (AGI), independientemente de si detalla las deducciones. Un AGI más bajo puede resultar en una menor obligación tributaria general.
Para el año fiscal 2025, las contribuciones elegibles generalmente pueden realizarse hasta el 15 de abril de 2026 (pueden aplicarse prórrogas según el plan).

La ​​preparación de impuestos es solo una parte del proceso. La planificación estratégica le ayuda a maximizar las deducciones disponibles y a planificar eficazmente para el futuro.

Servicios Tributarios Confiables y Más
Le ayudamos a construir hoy mientras planifica para el futuro.

01/26/2026

📢 2025 Tax Filing Alert: Refund Delays You Should Know About

Planning to file early for the 2025 tax year?

Here’s an important update that could affect when you receive your refund:

⏳ Refunds claiming these credits are delayed by law:

✔ Earned Income Tax Credit (EITC)
✔ Additional Child Tax Credit (ACTC)

📅 What this means:

Even if you file early, the IRS cannot issue refunds that include these credits until mid-February 2026 due to federal fraud-prevention rules (PATH Act).

💡 Good news:
Your return can still be processed early — the refund is just held until the release date.

✅ Pro Tip:
File early, file accurately, and plan your finances with this timing in mind.

Need help maximizing your credits or understanding your refund timeline?

📞 We’re here to help.
📲 432-853-2716
📧 [email protected]
Entrustedwithpurpose.com

Entrusted with Purpose Enterprises LLC is a multi-division company offering services rooted in integrity, care, and purpose.