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Noel B. Lorenzana, CPA
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I help entrepreneurs and small business owners achieve success.
I help entrepreneurs and small business owners achieve success.

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"There are various types of tax return preparers, including certified public accountants, enrolled agents, attorneys, and many others who don’t have professional credentials." https://goo.gl/yQgroC #taxes #Lorenzanatax
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Tax Identity Fraud is on the rise. In the past two years alone, more than 5,000,000 Americans had their tax identity stolen, and thieves made off with $5.8 billion that was fraudulently claimed. So, yes, it happens a lot more than you realize. How are you supposed to prove that you are you? https://goo.gl/nWp2s2
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Let's face it. Because there are no licensing requirements, anyone can prepare taxes including my 5-year-old ;) Have You Chosen The Right Tax Preparer? https://goo.gl/ybQYU2 #Taxes #Incometax #Lorenzanatax
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"The U.S. Tax Code is constantly changing and 2017 brings 5 worthless tax changes that you may want to remember when filing your taxes" https://goo.gl/WavLsZ #taxes #Business #TaxPlanning
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"Home Equity and Mortgage Interest – The tax reform bill modifies the home mortgage interest deduction, reducing the limit on “new” mortgages to $750,000, from the current $1 million" https://goo.gl/hhujud #TaxReform #Taxes
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Uber drivers are considered self-employed and report their earnings on Schedule C Profit or Loss from Business and pay self-employment taxes 15.3% on their earnings. Keep in mind you are also entitled to a 50% deduction from your AGI, on SE taxes paid" https://goo.gl/7mzJfs
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Without our Audit Protection Plan in place, receiving an audit notification will cost you anywhere from $3,500 to $10,000 and up to have a licensed tax professional defend you in an audit. https://goo.gl/nWp2s2 #auditprotection #irs audit
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Attention: Uber & Lyft drivers. In case you missed it, check out my "Uber 1099 Income Tax Reporting Guide" https://goo.gl/7mzJfs #uber #lyft #1099MISC
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Medical expense deductions for 2017 have changed. Everyone, including seniors, are now subject to the 10% threshold. https://goo.gl/WavLsZ #taxes #Business #TaxPlanning
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"When you use your personal car as an Uber driver, you can deduct vehicle related expenses using either the standard mileage rate method or the actual expense method" https://goo.gl/7mzJfs #uber #lyft #1099MISC
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