George Dimov, CPA

Tax compliance and accounting professional

[George Dimov, CPA @GeorgeDimovCPA]

Dimov Tax helps with any and all personal tax resolution, planning, strategy, and filing matters, as well as due diligence, forensic accounting, and business accounting services.

📲Still accepting new clients! Call [phone]

[George Dimov, CPA @GeorgeDimovCPA]

Thinking about hiring your first employees? Don't make this common mistake! 🛑

One of the biggest areas of confusion for new business owners is payroll. Many founders set up a corporation, hire a team, and wait until tax season to ask about W-2s. By then, it’s too late.

To avoid worker misclassification and potential penalties, you need to set up your payroll infrastructure from day one. This means:

-- Registering with your state’s Department of Labor.
-- Utilizing payroll software to handle appropriate tax withholdings.
-- Filing quarterly payroll tax returns.

Don’t wait until year-end to scramble. Work with a Certified Public Accountant (CPA) to ensure your payroll is set up correctly from the very start.

#BusinessOwner #PayrollTax #CPA #StartupTips #EntrepreneurLife #TaxSeason #SmallBusiness #CorporateTax

[George Dimov, CPA @GeorgeDimovCPA]

Stop leaving money on the table at the end of the tax year! 💰✍️

Many high earners making $200k, $300k, or even $500k+ a year are missing out on some of the biggest tax deductions available to employees.

Here are two powerful ways to lower your taxable income:

-- Max out your 401(k): Taking full advantage of your employer's 401(k) offers a massive deduction, especially for those who are married filing jointly.
-- Utilize an HSA: You can use a Health Savings Account (HSA) in a similar fashion to a 401(k) to secure up to another $8,000 in deductions for a married family.
-- Want to learn exactly how to maximize your HSA or need help planning your end-of-year tax strategy? 📊 Drop a comment below or reach out directly through my website!

#TaxTips #CPA #TaxDeduction #401k #HSA #FinancialPlanning #TaxSeason #WealthManagement

[George Dimov, CPA @GeorgeDimovCPA]

Think your tax situation is too complicated? 🤯

At Dimov Tax, we hear that all the time! The truth is, people only reach out to a CPA when they have a situation that software like TurboTax just can't handle.

We see only complicated returns, and our practice specializes specifically in complex tax issues that require advanced expertise. Whether it involves international tax, multi-state income, foreign disclosures, visas, or complex business cleanups and structures - we handle the most intricate financial situations.

If your taxes feel overwhelming, you don't have to navigate them alone. Let the specialists handle it. 💼✨

#TaxSeason #dimovtax  #CPA #TaxProfessional #InternationalTax #BusinessAccounting #TaxPrep #TaxHelp #FinanceTips

[George Dimov, CPA @GeorgeDimovCPA]

Big moment for the team! Our CEO George Dimov, CPA shared his expertise on summer camp tax credits with @Independent. 🎉

Key tip: day camp counts toward the Child & Dependent Care Credit, sleepaway camp doesn't.

https://t.co/DKVdacxYGd

[George Dimov, CPA @GeorgeDimovCPA]

Solo 401(k) or SEP IRA? Most self-employed people pick one without really understanding the trade-offs, and the wrong call can cost thousands over time. A Solo 401(k) lets you save more and even borrow from it, but comes with more paperwork. A SEP IRA keeps things simple and flexible if you might hire down the road. This choice follows you for 30 years, so it's worth getting right from day one. Not sure which fits? Message us and we'll walk you through it.

🌐 https://t.co/pQrXm2VFSY
📞 866-436-5089

#Solo401k #SEPIRA #SelfEmployed #RetirementPlanning #SmallBusinessFinance

[George Dimov, CPA @GeorgeDimovCPA]

Most people leave thousands on the table every year and not because they don't qualify, but because they think tracking is a hassle. It's not. 30 seconds per drive. That's the whole system.
The IRS lets you deduct 72.5¢ per business mile (2026 rate). Log the date, the miles, and where you went. Do that all year and you're looking at $3,000+ in deductions by tax season, accepted with a simple mileage log. No app, no fancy spreadsheet required.

The catch? You have to start now, not scramble in December. The first week is the hard part. After that it's a habit, and your future self will thank you.

📌 Save this so you actually start tracking.

🌐 https://t.co/pQrXm2VFSY
📞 866-436-5089

#TaxTips #SmallBusinessTaxes #MileageDeduction #TaxDeductions #SelfEmployed

(Not tax advice — rules vary by situation, so check with your CPA.)

[George Dimov, CPA @GeorgeDimovCPA]

Getting paid on 1099? There's a good chance you're overpaying the IRS, and it usually comes down to one thing: fear of an audit.
We see it every tax season. Freelancers and contractors skip deductions they fully qualified for, and end up handing the government extra money just to feel safe. The ones that get missed most: home office, the business portion of your cell phone and internet, mileage, car repairs, that chair you bought for your desk, equipment, even courses or training that sharpen your skills.
Here's how we tell clients to think about it. If you're not sure whether something's deductible, don't talk yourself out of it. Bring it to us and let us make the call. Part of our job is knowing when a line item is fair game and when it's pushing too far, so you claim everything you're entitled to without the worry.
Stop overpaying for peace of mind you don't actually need.
Have questions about your taxes? Send us a message or book a consultation.
🌐 https://t.co/pQrXm2VFSY
📞 866-436-5089

#1099Taxes #SelfEmployed #TaxDeductions #FreelancerFinance #SmallBusinessTips #TaxTips #IndependentContractor

[George Dimov, CPA @GeorgeDimovCPA]

Everyone told you to get an LLC first. Almost nobody told you when not to. 👀
Setting one up feels like the official "I'm a real business now" move… but for a lot of people, it solves a problem they don't actually have yet.
Before you file, there are 3 questions worth asking yourself (slide 3 👉). If you can't answer them clearly, you might be paying for protection you don't need — or skipping the one step that actually matters.
Swipe through before you spend the money. Then tell me: did you set up your LLC before or after you really needed it?
🌐 https://t.co/pQrXm2VFSY
📞 866-436-5089

#smallbusiness #entrepreneurtips #llc #startupadvice #businessowner

[George Dimov, CPA @GeorgeDimovCPA]

Most tax offices? Closed all weekend. 🚪 Dimov Tax works 7 days a week during tax season because clients do their planning on Saturdays and Sundays, when traditional offices are shut. We stay open.
And off-season, we shift schedules so our team keeps quality of life while still being there whenever clients need us.
Dimov Tax — here when you actually need us.
🌐 https://t.co/pQrXm2VFSY
📞 866-436-5089
#DimovTax #TaxSeason #TaxAdvisor #TaxPlanning

[George Dimov, CPA @GeorgeDimovCPA]

Real estate sales bring the biggest tax bill of your life if you're not careful. Most owners wait until closing to think strategy—by then it's too late. The gap between short and long-term gains alone could be $50K. Add losses and timing into it—could be significantly more. DM before you sell.
🌐 https://t.co/pQrXm2VFSY
📞 866-436-5089
#RealEstateTax #CapitalGains #TaxPlanning #RealEstateInvesting #PropertySale

[George Dimov, CPA @GeorgeDimovCPA]

The #1 complaint in professional services? You hire an accountant… and then can't reach them. 📵
Not here. Dimov Tax runs on a same-day rule: reach out as a client and you'll hear back that day - 24 hours worst case. Even if the full work isn't done yet, you'll always get an update.
Now we're going further. This year, our team is spending 2x the time on the phone with clients because you want a relationship, not a transaction. It's why we have one of the best retention rates in the industry.
Dimov Tax — communication you can count on.
🌐 https://t.co/pQrXm2VFSY
📞 866-436-5089

#DimovTax #TaxAdvisor #ProfessionalServices #TaxPlanning #CustomerExperience

[George Dimov, CPA @GeorgeDimovCPA]

People get creative with taxes in real estate. Sometimes too creative. There's a case where a seller disguised a profitable sale as a loan default to dodge reporting the income. The IRS didn't care what the paperwork said — they looked at what actually happened. That's evasion, full stop.

The irony is real estate already has some of the best legal tax tools available. 1031 exchanges let investors defer taxes by rolling gains into new properties. Opportunity zones can reduce or wipe out capital gains entirely. Cost segregation front loads depreciation so owners hold onto more cash now. All of it documented and audit proof.

There's a pretty simple line between smart planning and fraud. If the strategy only works when nobody looks too closely, it's not a strategy.
Send this to someone who needs to hear it before they learn the hard way.
🌐 https://t.co/pQrXm2VFSY
📞 866-436-5089

#RealEstateInvesting #TaxStrategy #1031Exchange #WealthBuilding #RealEstateTax

[George Dimov, CPA @GeorgeDimovCPA]

You're probably overpaying taxes because of your business structure. Most people set up whatever was easiest at the time, never look at it again. Over $50K profit? You might be leaving $5-10K on the table yearly. Takes 15 minutes to check S-Corp eligibility. DM now - let's find out.
🌐 https://t.co/pQrXm2VFSY
📞 866-436-5089

#BusinessStructure #SCorp #TaxSavings #SmallBusiness #BusinessTaxes

[George Dimov, CPA @GeorgeDimovCPA]

2 out of 5 W-2 employees aren't using all the benefits their own employer already offers. 😳
That's money left on the table, and that's before the out-of-the-box strategies most taxpayers never think to use.
Taxes feel like something to avoid. Our advice? Address it head-on. And anytime your life changes — family, job, income, or source of income: talk to a tax advisor to make sure your plan still makes sense.
📩 Dimov Tax - strategy, not just filing.
🌐 https://t.co/pQrXm2VFSY
📞 866-436-5089

#DimovTax #TaxStrategy #TaxPlanning #W2 #FinancialPlanning #TaxTips

[George Dimov, CPA @GeorgeDimovCPA]

S-Corp status comes with a deadline that quietly slips past every year. Miss it by a day and you lose a full year of tax savings. It cost three of our clients real money last year. Not every business should be an S-Corp, but if yours should, one conversation now beats an expensive surprise later. Questions? Message us.

🌐 https://t.co/pQrXm2VFSY
📞 866-436-5089

#SCorp #SmallBusinessTaxes #TaxSavings #SCorpElection #BusinessTaxTips #TaxDeadline #SelfEmployed #EntrepreneurTips

[George Dimov, CPA @GeorgeDimovCPA]

No cookie-cutter tax advice. Ever. 🚫
Custom quote. Custom proposal. Built around your goals — not a template.
Dimov Tax thinks outside the box, so your strategy actually fits your life.
🌐 https://t.co/pQrXm2VFSY
📞 866-436-5089

#DimovTax #TaxPlanning #TaxStrategy #SmartMoney #FinancialFreedom

[George Dimov, CPA @GeorgeDimovCPA]

Think paying your business taxes once a year is enough? 🤔
Once your profits hit a certain level, the IRS expects quarterly estimated payments — not just a lump sum in April. Missing those can lead to hefty interest and penalties, especially after your first year in business.

Stay ahead of the IRS, protect your cash flow, and skip the surprise bills. 💼💡

👉 Need help setting up your estimated tax plan? Send us a message or schedule a consultation today — we’ll help you stay compliant and stress-free all year.

🌐 https://t.co/pQrXm2VFSY
📞 866-436-5089

#SmallBusinessTaxes #QuarterlyTaxes #IRSCompliance #TaxPlanning #EntrepreneurFinance

[George Dimov, CPA @GeorgeDimovCPA]

Made $150K? Don't let taxes eat half. There ARE legal moves - QSBS, charitable giving, tax-loss harvesting. But they only work if you set them up before you sell. After? Door closes. DM now. Let's find what actually works for you. Free strategy call. No games.

🌐 https://t.co/pQrXm2VFSY
📞 866-436-5089

#DimovTax #TaxStrategy #CapitalGains #WealthPlanning #SmartInvesting #TaxSavings

[George Dimov, CPA @GeorgeDimovCPA]

6/Here's the part that stings: once the year closes, there's no fixing it. So you get ahead of it instead. Pay the installments (90% of this year, or 100/110% of last), clear the safe harbors, done.
DM me if you want help mapping your quarterlies.

[George Dimov, CPA @GeorgeDimovCPA]

1/Most people figure any IRS penalty can be argued down. File late, pay late, there's usually a door out: Reasonable Cause or First-Time Abatement.

Skip your quarterly estimated taxes betting on that same mercy in April? Different story. 🧵

[George Dimov, CPA @GeorgeDimovCPA]

5/And it costs more now than it did a few years ago. The rate follows federal short-term interest (§ 6621), which went up. Miss your quarterlies and you've basically borrowed from the IRS at a rate you didn't agree to.