Dynamic Tax & Accounting Services

Call Directions Website Contact the business

Dynamic Tax & Accounting Services Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Dynamic Tax & Accounting Services, Financial Consultant, 2044 McGraw Avenue, The Bronx, NY.

Work a lot of overtime? There is a new federal deduction for it.For 2025 through 2028, you can deduct up to $12,500 of t...
10/17/2026

Work a lot of overtime? There is a new federal deduction for it.

For 2025 through 2028, you can deduct up to $12,500 of the overtime premium (the extra half of time-and-a-half), or $25,000 if you file jointly. It phases out above $150,000 of income.

The catch: your employer has to report qualified overtime separately on your W-2. If your paystub does not break out overtime, ask HR now, before the W-2s go out in January.

(646) 295-3811 | dynamicsrv.com

"No tax on tips" is real, but it is not what most people think.What it is: a new federal income tax deduction of up to $...
10/16/2026

"No tax on tips" is real, but it is not what most people think.

What it is: a new federal income tax deduction of up to $25,000 per year for qualified tips, for 2025 through 2028. You can take it even if you do not itemize.

What it is not: Your tips are still subject to Social Security and Medicare tax. New York and New Jersey still tax them. It phases out above $150,000 of income. And only tips reported to your employer (or on your 1099) count, so unreported cash tips get nothing.

Servers, bartenders, barbers, drivers, salon workers: this one matters for you. Ask us how it shows up on your W-2.

(646) 295-3811 | dynamicsrv.com

Today is the last day to file your 2025 return on extension. If it is not going to happen, do not disappear.The failure-...
10/15/2026

Today is the last day to file your 2025 return on extension. If it is not going to happen, do not disappear.

The failure-to-file penalty is 5% of the unpaid tax per month, up to 25%. The failure-to-pay penalty is 0.5% per month. Filing late and paying later is far cheaper than not filing at all.

And if the IRS owes you money, there is no penalty at all. You just do not get the refund until you file.

We can file for you this week. (646) 295-3811 | dynamicsrv.com

Tomorrow, October 15, is the final filing deadline for anyone on extension. Here is the short list of what we need to fi...
10/14/2026

Tomorrow, October 15, is the final filing deadline for anyone on extension. Here is the short list of what we need to finish your return.

Missing something? Send a photo of what you have to (646) 295-3811 and we will tell you what else is needed. Virtual service in all 50 states.

dynamicsrv.com

The most common extension mistake: thinking it gave you until October to pay.It did not. An extension gives you more tim...
10/13/2026

The most common extension mistake: thinking it gave you until October to pay.

It did not. An extension gives you more time to file the paperwork. The tax itself was due April 15, and the IRS has been charging interest plus a late-payment penalty every month since.

If you cannot pay in full, pay something and ask us about a payment plan. Partial payments reduce penalties.

(646) 295-3811 | dynamicsrv.com

If the balances in your accounts outside the U.S. added up to more than $10,000 at any point in 2025, you have to file a...
10/12/2026

If the balances in your accounts outside the U.S. added up to more than $10,000 at any point in 2025, you have to file an FBAR. Bank accounts, savings, fixed deposits, even accounts you only have signature authority on. The automatic extension ends Thursday, October 15.

It is an information form, not a tax bill, but the penalty for skipping it is severe. If you have never filed one, ask us about the streamlined program.

(646) 295-3811 | dynamicsrv.com

Filed an extension back in April? The clock runs out this Thursday, October 15.If you still have not sent us your docume...
10/11/2026

Filed an extension back in April? The clock runs out this Thursday, October 15.

If you still have not sent us your documents, today is the day. W-2s, 1099s, business income, rental income, foreign account info. Send what you have and we will tell you what is missing.

Call or text (646) 295-3811 or visit dynamicsrv.com.

09/05/2026

Forty-one Zelle transfers came into a client's account last year. Not one showed up on a tax form.

She thought that meant they were free. They weren't.

Here's what actually decides it — and it isn't the app.

Zelle issues no 1099-K at all. Venmo, PayPal and Cash App only send one above $20,000 AND 200 goods-and-services transactions. But a lower state threshold, or tax withheld because the app never got your tax ID, can put a form in your hands well below that.

None of it changes what you owe. A tax form is a copy of information the IRS already has. It isn't the reason the tax exists.

Full breakdown on the blog — link in bio.

Fifteen minutes, no charge, if you want someone to look at a year of it with you. (646) 295-3811.

Four offices and virtual clients in all 50 states.

Hashtags

Forty-one Zelle transfers came into a client's account last year. Not one of them showed up on a single tax form.She tho...
09/05/2026

Forty-one Zelle transfers came into a client's account last year. Not one of them showed up on a single tax form.

She thought that meant they were free. They weren't.

Swipe through — six things worth knowing before you file:

Zelle issues no 1099-K. Venmo, PayPal and Cash App only send one above $20,000 AND 200 goods-and-services transactions.

There's no tax-free allowance on Zelle income. That threshold tells the app when to file a form. It has never told you when income starts.

Report gross and deduct the fees separately. Reporting only what you kept is what brings the letter.

And five habits that close the gap before December 31.

A tax form is a copy of information the IRS already has. It isn't the reason the tax exists.

Not sure what's income and what isn't? Fifteen minutes, no charge — (646) 295-3811.

Four offices and virtual clients in all 50 states. Bangla and English.

Somebody told you an S corp saves you 15.3%. That's half true.Swipe for the half nobody explains 👉Your profit splits int...
08/25/2026

Somebody told you an S corp saves you 15.3%. That's half true.

Swipe for the half nobody explains 👉

Your profit splits into a salary that carries employment tax and a distribution that doesn't. Real, legal, worth doing for the right business.

But the salary comes out of your qualified business income before the 20% deduction is worked out. On a $120,000 business that hands back roughly half the saving — before you've paid for a payroll service and a second tax return.

At $200,000 of profit it looks much better. At $60,000 it usually doesn't clear the costs at all. Which is why the number has to be run on your books, not a generic calculator.

Send me two figures — last year's net profit and what you'd realistically pay yourself. I'll run the real one. No charge.

https://dynamicsrv.com/s-corp-vs-sole-proprietor/

📞 (646) 295-3811 — link in bio
Bronx · Jamaica NY · Buffalo · Totowa NJ · virtual in all 50 states

Address

2044 McGraw Avenue
The Bronx, NY
10462

Opening Hours

Monday 10am - 6pm
Tuesday 10am - 6pm
Wednesday 10am - 6pm
Thursday 10am - 6pm
Friday 3pm - 6pm
Saturday 10am - 2pm

Telephone

+16462953811

Website

Alerts

Be the first to know and let us send you an email when Dynamic Tax & Accounting Services posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Dynamic Tax & Accounting Services:

Shortcuts

Share

Category