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Welcome to Lewis Business Services

We understand that filing taxes is not an easy matter. The filing process can be complicated, cumbersome and at times can overwhelm individuals and businesses. To make matters worse, the tax laws are changing constantly, and if the law didn't change, the IRS focus did.

At LBS Tax our mission is to provide every client with an accurately prepared tax return while maximizing deductions and minimizing taxes.

We are licensed by the IRS and offer year-round service to individuals and small to mid size businesses.

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Last Minute Tax Advice That Can Help You

If you have not filed your taxes yet, you probably are not alone. Many people wait until the last possible minute, as tax season can be a fantastic headache to get through. However, with the deadline fast approaching, you will need to take some steps to get your taxes finished. April 15 will be here before you know it, meaning it is time to buckle down and get organized in order to get your taxes finished by the deadline. Use these quick steps to make sure you file on time and are not penalized for not turning in anything.

Get Organized

Before you sit down to file anything, make sure you have all of the paperwork and fact sheets you need to complete your taxes. You should have all of your W-2 and 1099 information handy and together so you don’t leave out any part of the filing. If you have not received the proper paperwork for some reason, call the company you are missing, and if no result is found, call the IRS, as they will be able to help you through the process.

Check if you Qualify for Free Help

If your income is below a certain threshold, you may qualify to have your taxes done for free. IRS-certified volunteers are around to help with basic tax return preparation for those who need the help and don’t make more than the cutoff. The annual income requirement does change sometimes, so make sure you fall into the correct category and see if you can receive assistance.

Do not Panic

If you rush through the process, there is a much greater chance of mistakes being made. Take the process step by step, and take your time. This is not a race and you still have plenty of time to get through everything. If you need help, get help. There are plenty of companies around that will handle your taxes for you, and there are even computer programs that will walk you through the process step by step so you do not forget anything.

File Something

If you have to pay, you want to send in something, even if you can’t afford the payments yet. The fees for not sending in anything are much higher than the fees for not paying, so you will want to file something to get started, then work directly with the IRS to set a payment plan or some other solution. No matter what, do not ignore the deadline and turn some sort of documentation in.

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Tips For Starting A Business

Starting a business is both exciting and terrifying at the same time. While you may think you have an idea that is original and important, it is sometimes difficult to get the idea out to a customer base. If you are thinking about starting a business, there are some tips to remember that can go a long way in bringing your idea from something small to a complete business that thrives.

Have a Plan

Even if you do not have a complete business plan that encompasses every aspect of your business, you should have some sort of plan before you begin. Determine where to invest your money and how much to spend, and map out the goals you wish to accomplish. Give yourself a time frame for the goals and work to achieve them on time. For example, you could set out to be at a certain budget within a year. Going in with a plan can mean the difference between success and failure.

Get Help

If you know someone who has started a business and is doing well, question him or her as much as you can. Research online for additional help. There are some business that specialize in helping small businesses get started. The most important thing is to learn as much as you can, as knowledge of certain situations can go a long way in helping you get on your feet. Asking for help from trusted sources should be towards the top of your to-do list.

Have Money in the Bank

Before you quit your job in pursuit of the dream, it is a good idea to have enough money in your bank account to cover a few months of bills. You will then be financially alright while your business is at its earliest stages. While you may be the type of person who is motivated by desperate situations, it is much easier to work when you have resources to help you. Plus, your family will be better off with proper financial security for a while.

Highlight Your Differences

Even if you think your business is unique, others may not know why. Market your differences and highlight what makes you preferable to other businesses that may be in your market. Research and analyze your market as well, and look for additional ways you may be able to stand out. Never stop being competitive.

Word of Mouth

Get your name out there to build a brand, and ask satisfied customers for referrals and reviews. Have them recommend your services to other customers. Go to events within your industry and socialize to get your name known. Another great way to be noticed is to do some charity work in the community. Do not forget to have your card on you and always be willing to talk to anyone about your business.

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Identity Thief Tricks To Watch Out For

As tax day approaches quickly, it is essential that you make sure to protect your personal information. Scam artists and identity thieves use a lot of different tricks to get at your information, especially around tax season when so many documents are being transported back and forth between people. Common identity thief tricks are still around, but there are always new ways scam artists can get at your information. If you, like millions of people every year, are in the process of filing your taxes, watch out for these scams and tactics.

Social Security Numbers

A common way scam artists can get your social security number is to steal your card from your purse or wallet, but there are also many websites that may seem legitimate and friendly that ask for social security number confirmation. Some of these can be scams. You want to be sure you are entering your social security into a valid website, like the IRS web page or another government site. Do not give your social security number out unless you are sure the web site is legitimate.

Direct Contact

There are some scam artists that will attempt to contact you directly and get your information through personal means. They often pretend to be members of the IRS and inform you that they require some information to complete your tax return transaction. These people are not trustworthy, and most likely are identity thieves. The IRS will text messages, social media, or emails to communicate directly with you, so anyone posing as the IRS online should not be trusted. If you come across one of these identity thief tricks, you should notify the IRS before someone else is taken advantage of.

Fake Websites

It may seem like a lot of work to set up a website that is around just to scam people, but they are out there and at large. Make sure that you visit only government websites that end in .gov when filing your taxes to ensure that your personal information is kept safe and secure. Chances are, if a website looks like it might be sketchy, it is.

These are only some of the tactics used by identity thieves. Keep your eye open for additional scams and report anything you come across that looks untrustworthy.

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