Bill Lawrence

Enrolled Agent | Tax Accountant
💵 Helping Business Owners Reduce Taxes
👔 Co-Founder of @dynastyacg
👇 Want to work together?

[Dynasty Accounting @dynastyacg]

S-Corp, depreciation, deductions? None work without clean books first.

Disorganized books = no idea where taxable income is. You miss deductions or trigger audits. 💸

Clean bookkeeping = clarity to maximize legal tax savings.

Comment "FOUNDATION" for help.

Not legal or tax advice. Follow Dynasty Accounting for more business tips.

#DynastyAccounting #BookkeepingFirst #TaxStrategy #CleanBooks #SmallBusinessTips

[Dynasty Accounting @dynastyacg]

Write-offs reduce taxable income, not taxes dollar-for-dollar.

$10K equipment at 30% tax = $3K saved, $7K spent.

Don't buy for deductions. Buy what you need.

Best strategy? Keep your money. 💸

Comment "MATH" for calculator.

Not legal or tax advice. Follow Dynasty Accounting for more business tips.

#DynastyAccounting #TaxStrategy #WriteOffs #TaxDeductions #SmallBusinessTips

[Dynasty Accounting @dynastyacg]

Ever wondered what the world’s richest people have in common? 💰

It’s not just luck… it’s how they manage, protect, and grow their money over time.

Here are 6 smart money habits worth copying 👇
✔️ Diversify your investments
✔️ Play the long game
✔️ Adapt as markets change
✔️ Avoid bad debt
✔️ Reinvest profits to fuel growth
✔️ Track your finances regularly

Want simple, practical tips to manage your money better?
Comment “FINANCES” 👇

Follow Dynasty Accounting for no-fluff business and finance tips.

#DynastyAccounting #WealthManagement #BusinessFinance #FinanceTips

[Dynasty Accounting @dynastyacg]

Hired contractors in 2025? February 2nd deadline is coming fast.
Paid anyone $600+? File 1099-NEC or face penalties:

👉1-30 days late: $60/form
👉31+ days late: $130/form
👉After August: $330/form

10 contractors = $3,300 in avoidable penalties.

Action now: List contractors paid $600+, get W-9s with tax IDs, file electronically by Feb 2.
Comment 1099 for help.

Not tax advice. Follow Dynasty Accounting for more tips.

#1099deadline #contractors #smallbusiness #taxdeadline #penalties

[Dynasty Accounting @dynastyacg]

Two IRS penalties to avoid: late filing and late payment.

Late filing: 5% per month (max 25%). Over 60 days? Minimum $510.
Late payment: 0.5% per month (max 25%).

Both stack, plus daily compounding interest. 💸
File even if you can't pay. Not filing costs more.

Comment "PENALTY" for help.

Not legal or tax advice. Follow Dynasty Accounting for more business tips.

#DynastyAccounting #IRSPenalties #TaxTips #SmallBusinessTaxes

[Dynasty Accounting @dynastyacg]

Thinking about forming your LLC in Delaware or Wyoming? Here's what nobody tells you:

You'll pay fees in BOTH states...double paperwork, double cost, zero benefit for most small businesses.

Unless you're raising millions in VC funding, form locally. Simpler, cheaper, less headache.

Comment ENTITY for setup guide.

Not legal or tax advice. Follow Dynasty Accounting for more business tips.

#LLC #businessformation #entrepreneur #smallbusiness #startuptips

[Dynasty Accounting @dynastyacg]

Got paid $600+ as a contractor? Expect a 1099-NEC in January.

Here's what most people don't know: S-Corps and C-Corps are EXEMPT from receiving 1099s (except lawyers). This means less paperwork and cleaner books when you're structured correctly.

If you're still operating as a sole prop or LLC, every client paying you $600+ sends the IRS a copy of your 1099. More forms to track, more compliance headaches.

Not legal or tax advice. Follow Dynasty Accounting for more business tips.

#1099NEC

[Dynasty Accounting @dynastyacg]

The right software prevents expensive mistakes. 💻

When your bookkeeping, payment processor, and payroll sync automatically, you eliminate double entry and reduce errors. 📊

QuickBooks Online + Stripe + ADP = seamless stack. But tools don't fix broken processes. You need the right systems AND discipline. 💸

Comment "SOFTWARE" to learn more about setting this up.

Not legal or tax advice. Be sure to follow Dynasty Accounting for more business tips.

#DynastyAccounting #QuickBooksOnline

[Bill Lawrence @billlawrence22]

💰 Smart business owners focus on keeping more, not just making more.

Tax shelters are legal strategies. Most people don't max them out and lose thousands.

Timing matters: contribute before Dec 31st (except IRAs). 📅

Max out 401k + IRA + HSA = drop tax brackets while building wealth. 💸

Comment "RETIREMENT" to see your savings potential.

Not legal or tax advice. Follow Dynasty Accounting for more business tips.

#DynastyAccounting #TaxStrategy #RetirementPlanning #TaxShelter

[Dynasty Accounting @dynastyacg]

💰 Stop giving your kids an allowance. Start paying them legally and save thousands on taxes.

If you own a business, you can pay your children up to $14,600 tax-free while getting a full deduction for your business. It's one of the smartest tax strategies most business owners overlook.

Here's how it works:

Benefit 1: Your business saves - Their wages are a full tax deduction, lowering your taxable income. If you're in the 24% tax bracket, that's $3,504 saved on $14,600 in wages.

Benefit 2: Your child pays ZERO tax - Their income falls under the standard deduction, so they pay zero federal income tax on those earnings.

The critical rule most people get wrong... You MUST pay your child with a W-2, not a 1099. A 1099 makes them self-employed and triggers 15.3% self-employment tax, wiping out the entire benefit.

To make this legal:
✅ They must do legitimate work your business actually needs
✅ Keep a paper trail (timesheets, job descriptions, payroll records)
✅ Issue a formal W-2 just like any other employee

This isn't just about taxes. You're teaching your kids work ethic, financial responsibility, and setting them up for success while saving your business thousands.

Ready to put this strategy to work? Comment "HIRE" below and we'll show you exactly how to set this up the right way.

#DynastyAccounting #TaxStrategy #SmallBusinessTips #HireYourKids #TaxSavings #BusinessOwnerTips #FamilyBusiness #SmallBusinessOwner #TaxDeductions #SmartTaxPlanning

[Dynasty Accounting @dynastyacg]

The Augusta Rule Tax Hack 🏠

Want to legally generate 100% TAX-FREE income from your own house? You need to know about the Augusta Rule.

This powerful rule lets you rent your main or secondary home for 14 days or less per year and keep every dollar of that rental income completely tax-free.

The Hack: Your separate business entity (S-Corp or C-Corp) rents your house for board meetings or retreats. The business gets a deduction, and you receive tax-free cash.

⚠️ Warning: You must charge a Fair Market Rent, document the business use, and never exceed the 14-day limit—or the whole strategy fails. This is a game-changer for business owners who own their home!

Comment "AUGUSTA" to see how we can help you implement this strategy correctly and safely!

#AugustaRule #TaxFreeIncome #BusinessTax

Not legal or tax advice.

[Dynasty Accounting @dynastyacg]

Why You Don't Want a Tax Refund 💸

One of the biggest myths in personal finance is that a large tax refund is a "win." It is not—it's a massive financial mistake. 🚨

Here is the simple truth: A tax refund is not free money or a bonus. It is your own money that you overpaid to the government throughout the year.

The problem? You essentially gave the IRS an interest-free loan for 12 months. That money could have been in your pocket:
✅Paying down high-interest debt (saving you money immediately).
✅Earning 4% interest in a high-yield savings account.
✅Invested to benefit from compounding returns.

Don't let the government hold your cash. We can show you how to adjust your withholdings to keep more of your paycheck every month!

Comment "REFUND" to see how we can help optimize your withholdings and put your money to work for you!

#TaxRefundMyth #FinancialMistake #InterestFreeLoan

Not legal or tax advice.

[Dynasty Accounting @dynastyacg]

ATTENTION! The "Big Beautiful Bill" tax changes are officially here, and they could save you thousands this year! 🤯

Comment "TAX" to get our simple guide detailing every new tax credit and deduction!
#TaxSavings #NewTaxLaw #FinancialFreedom

Not legal or tax advice.

[Dynasty Accounting @dynastyacg]

ATTENTION BUSINESS OWNERS! The new tax law reinstated 100% Bonus Depreciation—and you need to use this now!

Comment "BONUS" to find out how to use this massive deduction on your next investment!

#BonusDepreciation #TaxWriteOff #BusinessTaxes

Not legal or tax advice.

[Dynasty Accounting @dynastyacg]

If your S-Corp uses your home as its office, you must implement the Home Office Accountable Plan.

Comment "HOME OFFICE" right now for a link to the essential IRS guidelines on

#TaxFreeIncome #SCorpHack #AccountablePlan

Not legal or tax advice.

[Dynasty Accounting @dynastyacg]

Don't leave money on the table! If your LLC nets over $100,000, you are needlessly paying the 15.3% Self-Employment Tax.

Comment "S Corp" right now to learn how to implement this tax hack for your business!

#SCorp #TaxHacks #SelfEmploymentTax

Not legal or tax advice.

[Dynasty Accounting @dynastyacg]

Switching to an S-Corp acts as a shield - Your audit risk drops by over 10x.

Comment the word "AUDIT" right now to see the steps you need to take to protect your business and start saving thousands!

#TaxStrategy #SCorp #IRSaudit

Not legal or tax advice.

[Bill Lawrence @billlawrence22]

Switching to an S-Corp acts as a shield - Your audit risk drops by over 10x.

Comment the word "AUDIT" right now to see the steps you need to take to protect your business and start saving thousands!

#TaxStrategy #SCorp #IRSaudit

Not legal or tax advice.