Tany Tax & Financial Services llc

09/04/2026

Mixing personal and business transactions can create unnecessary confusion. Separate accounts help you track expenses, reconcile records, and prepare for tax season with greater clarity.

Build better financial habits with Tany Tax & Financial Services at terrietany.com.

08/31/2026

Working at home does not automatically make your workspace deductible. The area generally needs to meet specific business-use requirements, and related expenses should be properly documented.

Find out if your home office may qualify at terrietany.com.

08/31/2026

Partnership owners: money transferred to a partner is not automatically a distribution. Guaranteed payments, distributions, reimbursements, and partner loans can have different tax and bookkeeping treatment. Read the full breakdown:

Guaranteed payments and partner distributions can both result in money leaving a partnership, but they are not the same for tax purposes. Here's what partnership owners need to understand before tax t

08/30/2026

Working from home does not automatically mean you qualify for the home office deduction. How the space is used matters. Read the full breakdown on Substack:

08/30/2026

Unreconciled books can make your business numbers look better or worse than they really are. Before making tax, cash flow, or growth decisions, make sure your books actually match the bank. Read the full breakdown on Substack:

Unreconciled books can make your numbers look better or worse than they really are.

08/27/2026

Every business deduction should have a clear paper trail. Keeping receipts, invoices, payment records, and notes about the business purpose can make tax preparation smoother and help support an accurate return.

Keep your financial records organized year-round with Tany Tax & Financial Services. Visit terrietany.com.

08/24/2026

Two boxes, one common reporting mistake.

Box 1b is already part of Box 1a—not an additional amount to report. Qualified dividends may also receive different tax treatment when applicable requirements are met.

Review your investment tax forms at terrietany.com.

08/18/2026

Your business bank balance can look healthy and you can still owe tax.

Cash in the bank and taxable profit answer two different questions. Loan proceeds, owner contributions, transfers, unpaid bills, deductible expenses, and timing differences can make the cash in your account very different from the profit reported for tax purposes.

In my latest Substack article, I break down the difference and explain what business owners should review before making tax decisions based only on their bank balance.

Read the full article:
https://tanytaxfinancial.substack.com/p/your-business-bank-balance-is-not?r=8fwqd6&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

Need help reviewing your books or taxable profit? Visit terrietany.com

A healthy business bank balance does not automatically mean high taxable income, and a low balance does not mean you had little profit. Learn why owner draws, loan payments, equipment purchases, contributions, and other transactions can make cash and taxable profit look completely different. Busines...

08/17/2026

Calling someone an independent contractor does not automatically make them one.

Worker classification depends on the complete working relationship, including behavioral control, financial control, and the relationship between both parties.

Review the facts before making the classification. Learn more at terrietany.com.

08/15/2026