Adam

CPA for bookkeeping, tax, tax planning, R&D Taxes, etc.! I love God, family, helping others, the outdoors, and sports!

[Adam @adamfarns]

@CoachJimMoraFB as a dissatisfied alum, I’m looking forward to you in FOCO. Turn things around and make us proud!

[Adam @adamfarns]

Entrepreneurs wear a lot of hats, but don’t let taxes get buried under everything else.

Midweek check-in: Have you set aside your estimated taxes for the quarter?
Waiting until the last minute is stressful. Building it into your monthly routine is easier.

#EntrepreneurLife #SmallBusinessTips #FinancialWellness #LeafSpecialtyTax

[Adam @adamfarns]

Use the IRS’s safe harbor rule for home office deductions.

If you’re a small business owner working from home, the IRS allows you to deduct $5 per square foot of office space (up to 300 sq ft) without tracking every individual expense.

It’s simple, legit, and can save you thousands over time.

#TaxTipTuesday #HomeOfficeDeduction #SmallBusinessFinance #LeafSpecialtyTax

[Adam @adamfarns]

Myth: Hiring a bookkeeper is too expensive.
Fact: Investing in a bookkeeper actually saves you money long-term by preventing costly mistakes and helping you find deductions you might miss.

Trying to do it all yourself can lead to expensive errors come tax season. Let the pros handle it.

#MythBustingMonday #TaxTips #SmallBusinessFinance #LeafSpecialtyTax

[Adam @adamfarns]

Myth: “Only big corporations qualify for tax credits.”

Fact: Many small and medium-sized businesses are eligible for valuable tax credits like the R&D tax credit. Even startups can qualify if they’re innovating, improving processes, or developing new products.

If you’re not sure where to start, that’s what we’re here for.

#MythBustingMonday #TaxCredits #SmallBusinessTax #LeafSpecialtyTax

[Adam @adamfarns]

R&D credit jumps, five-year payroll offset, and cloud dev costs are now eligible. Innovate and save. #R&D #TaxCredits

[Adam @adamfarns]

Business piece: bigger Section 179, bonus depreciation revived, fresh startup payroll credit. Cash flow just got a boost. #SmallBiz #TaxTwitter

[Adam @adamfarns]

Individuals first: bigger child credits, higher standard deduction, new gig-worker 401(k) options. Your take-home pay could rise. More details in today’s post. #TaxUpdate #PersonalFinance

[Adam @adamfarns]

The Big Beautiful Bill is on the move. New brackets. Larger credits. Big impact. Follow this thread all week for bite-size takeaways on what it means for you and your business. #TaxTwitter #BigBeautifulBill

[Adam @adamfarns]

Happy 4th of July!
Here’s to freedom, fireworks, and financial clarity. 🇺🇸 #IndependenceDay #LeafTax

[Adam @adamfarns]

New tax bill alert 📢
Next week we break down what the “Beautiful Bill” could mean for you.
Videos + blogs coming soon. #TaxUpdate #BeautifulBill

[Adam @adamfarns]

MYTH: Taxes only matter in April.
FACT: Month-by-month planning saves money and stress.
Get proactive with LEAF. #MythBustingMonday #TaxTips #LEAFTax

[Adam @adamfarns]

💰 Tax law update:
You can now claim 30% of your home upgrade costs—up to $1,200/year—thanks to the expanded Energy Efficient Home Improvement Credit.

Insulation, windows, HVAC all count.
Available annually through 2032.

#TaxLawThursday #IRSUpdate #LeafTaxConsultants #TaxCredits #EnergyEfficient

[Adam @adamfarns]

Midweek check-in, business owners!
✅ Look at your cash flow
✅ Review pending invoices
✅ Realign your goals

Staying on top of your numbers keeps your business strong.
#EntrepreneurWednesday #SmallBizTips #FinancialCheckIn #LeafTaxConsultants #TaxSmart

[Adam @adamfarns]

🚨 Got a letter from the IRS? Don’t freak out—stay calm and read it carefully. Most notices are simple fixes, not the end of the world. Don’t let it ruin your summer. #TaxTipTuesday #IRSNotice #LeafTaxConsultants #TaxHelp

[Adam @adamfarns]

Myth: You can’t deduct anything fun on your taxes.
Reality: Certain “fun” items can be legitimate business tools.

From boats to RVs to ATVs—if they support your business, they might support your tax return too.

Don’t jump to conclusions just yet. This week, we’re breaking it down.

#MythBustingMonday #LeafTaxStrategies #SmartWriteOffs #SmallBizTaxTips #LeafSpecialtyTax

[Adam @adamfarns]

Sunday reset or business research? 😎
What if we told you there’s a way to write off part of your weekend fun?

Get ready—this week we’re diving into how certain recreational purchases could actually benefit your bottom line.

📲 Stay tuned.

#TaxStrategy #WeekendWriteOffs #LeafTaxTips #BusinessOwnerLife #TaxPlanning

[Adam @adamfarns]

New rules allow people affected by natural disasters to access retirement plan loans without early withdrawal penalties.

If you’ve been impacted, you may qualify for tax relief.
Check eligibility with a pro.
#TaxLawThursday #DisasterRelief #IRSUpdate

[Adam @adamfarns]

Entrepreneurship is mindset.
→ What did you learn this week?
→ What can you delegate next week?
→ How are you avoiding burnout?

The grind means nothing if you’re not growing.
#EntrepreneurLife #FounderMindset #WednesdayWisdom

[Adam @adamfarns]

🚗💼 Tax Tip Tuesday: Keep track of your business miles! Log your mileage to maximize your deductions. You can deduct expenses like gas, oil changes, and car repairs. Make sure to note the purpose of each trip for the best results! 📝 #TaxTipTuesday #BusinessTips #TaxDeductions #MileageLog #LeafTax