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Fostering Team Unity at IRS Trouble Solvers
Laughter, often referred to as the best medicine, has the remarkable ability to heal, connect, and uplift spirits. On Jan. 24, people around the world celebrate Global Belly Laugh Day, a day dedicated to the simple yet profound act of laughing and making light of situations. At IRS Trouble Solvers, we understand the importance of laughter in fostering a positive and thriving workplace culture.
members take turns sharing their wins from
the week, big or small. This practice not only acknowledges individual achievements but also strengthens our collective spirit. We reserve Fridays for High-Five Fridays — a time to give a virtual shoutout to a team member who went above and beyond. This positive recognition reinforces a culture of appreciation and camaraderie. These daily huddles are not centered around work-related tasks; instead, they focus on building connections, fostering a sense of belonging, and, most importantly, sharing laughter. Laughter creates a lighthearted environment where team members feel valued, supported, and understood. Together, we run arm-in-arm at a breakneck speed toward our clients’ obstacles and challenges, and that’s why our relationships with each other are so important. We rely on each other to resolve our clients’ concerns, and we work diligently to keep our team strong and bonded. In the high-stakes world of IRS problem-solving, challenges are inevitable. Life’s complexities can weigh us down, and that’s when our team becomes a crucial support system. We understand that everyone, at some point, will stumble, face difficulties, or encounter setbacks. In those moments, having a team that laughs together becomes a powerful mechanism for lifting each other up. At IRS Trouble Solvers, we cherish the healing power of laughter. It’s not just about solving IRS problems; it’s about building a supportive community that laughs, grows, and thrives together. So, this Global Belly Laugh Day, don’t forget to let out a belly laugh, share a smile, and find joy in the simple act of laughter. It’s a universal language that unites us all, creating bonds that withstand the challenges of work and life. -Ben Golden
From our family at IRS Trouble Solvers to you and yours, Happy New Year! May your 2024 be filled with laughter, love, and joy!
Laughter is a universal language that transcends barriers and brings people together. It is a
powerful force that can break tension, ease stress, and
create bonds among individuals. Whether it’s a hearty belly laugh or a shared chuckle, the
act of laughing releases endorphins, the body’s natural feel-good chemicals, promoting
an overall sense of well-being.
In 2017, when IRS Trouble Solvers was in its infancy, I envisioned a workplace that embraced both in-house and remote employees — a hybrid model that allowed flexibility and freedom. Recognizing the importance of building strong relationships within our team, we established daily huddles that became the heartbeat of our company culture. Every day had its unique theme, fostering a positive and collaborative environment.
JANUARY 2024
Wednesday is designated as Win Wednesday, a day to celebrate victories and accomplishments. Team
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Explore the Celestial Highlights of 2024 Keep Your Eyes to the Sky You could easily miss a lot happening above our atmosphere if you didn’t stay up late or watch the news beforehand. Once the sun sets tonight, look up at the sky. As long as you’re not in an area with heavy light pollution, you should be able to see brilliant constellations. On some nights, you may even see more than you expected. No, we’re not talking about UFOs or little green men but about naturally occurring phenomena deep in outer space.
It’s the beginning of a new year and a time for renewal, personal growth, and New Year’s resolutions. It’s a time to assess your goals and plan habits to realize your dreams. This fresh start is also the time to focus on your financial and business aspirations by setting goals to prepare for an incredible year. It’s also a time for those with quarterly estimated tax payments to pay their taxes. Here at IRS Trouble Solvers, we urge you to resolve to keep current with your estimated tax payments.
Earnings not subject to federal withholding, including capital gains, prizes, non-wage earnings, and freelance income, are subject to estimated tax payments. Without the benefit of federal and state withholdings, many people are forced to guess what they owe, leading to many underpayments.
Several unique events take place in 2024. Here are the highlights you don’t want to miss!
Underpaying taxes can lead to a host of expensive
problems. The IRS
Meteor Showers Seeing a shooting star is magical, but witnessing a meteor shower is awe- inspiring. Meteor showers occur when interstellar dust particles enter our planet’s atmosphere at high speeds. The first meteor shower of the year is the Quadrantids Meteor Shower, which should take place a few days after New Year’s, but if you miss it, you won’t have to wait long to see another. April, May, July, August, October, and November should also have meteor showers. Be aware that if the moon shines too brightly, you likely won’t be able to see the meteors. Saturn Looking at other planets can be fascinating but not always possible, especially without a telescope. Thankfully, you won’t need a telescope to see Saturn and its rings on Sept. 8. Once the sun sets, head outside and look to the east. You should see a bright yellow star that’s not usually visible. That’s Saturn! Total Lunar Eclipse You won’t have to wait until night to see this rare occurrence. On April 8, the moon will pass perfectly between the Sun and Earth, creating an eclipse. Residents of Texas, Oklahoma, Arkansas, Missouri, Illinois, Kentucky, Indiana, Ohio, Pennsylvania, New York, Vermont, New Hampshire, and Maine will see a total eclipse for only a handful of minutes. The rest of the country will still see an eclipse, but it won’t be as extreme. The next total lunar eclipse won’t occur until August 2044, so get out there and see it this year! Just be sure to wear protective eyewear!
Baked Salmon
With Garlic and Lemon
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Your New Year’s Financial Resolution How to Dodge the Pitfalls of Estimated Taxes underpayment penalty, which affects people and businesses who pay late or don’t pay enough through estimated payments or withholding, can be up to 25% of the underpaid amount. These fines can devastate your business and personal earning potential, so it’s vital that you’re on top of your estimated payments.
WIN OF THE MONTH Playing The Long Game! CASE SNAPSHOT Client: Plumbing and HVAC Contractor Tax Year in Question: 2014-2021 Payroll Taxes and Business Income Taxes IRS Claimed Liability: $5,373,640.97 Savings: Just under $4,000,000.00 (in 10 years) This client came to us with Payroll Tax and Business Tax issues. They had issues in all of the past eight years that had racked up a huge debt with the IRS. They had a tax liability of over $5 million for payments due going back all the way to 2014. After analyzing the client’s finances and debts, we were able to establish a Partial Payment Installment Agreement (or PPIA) for $12,000.00 a month with the Revenue Officer. The PPIA program is a monthly payment plan option for taxpayers that have a liability that they are unable to pay off in the time period that the IRS has to collect. Twelve thousand dollars a month may sound like a lot; however, once they have paid for 10 years and the Collection Statute Expiration Dates pass, the client will end up with a savings of just under $4 million! On an over $5 million liability, the client will end up paying just $1.4 million over 10 years! We were able to use a PPIA to get the best outcome for our client!
There are several ways to avoid underpayment:
• Adjust your withholdings on your paycheck; increasing this amount will help you stay ahead of your estimated tax payments.
•
Pay monthly rather than quarterly to decrease the payment amount.
However, working with tax experts is the best way to ensure your payments are up-to-date and accurate. At IRS Trouble Solvers, we have the expertise and experience (30 years, to be exact) to save our clients millions of tax dollars. Our specialists
understand personal, business, federal, and state taxes. Don’t wade into the murky waters of tax liability alone; call us and let us help you.
INGREDIENTS
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2 lbs salmon fillets
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1 tsp dried oregano
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4 cloves garlic, minced
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1 tsp dried thyme
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Juice of 2 lemons
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Salt and pepper, to taste
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2 tbsp olive oil
DIRECTIONS
1. Preheat oven to 375 F.
2. Line a baking dish with parchment paper. Place the salmon fillets on the baking dish.
3. In a small bowl, mix together the garlic, lemon juice, olive oil, oregano, thyme, salt, and pepper. Pour the mixture over the salmon.
4. Bake for 15-20 minutes or until the salmon is cooked through. Serve and enjoy!
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1 Embracing Joy and Connection at IRS Trouble Solvers 2 A Preview of 2024’s Best Celestial Events Mastering the Art of Scheduled Payments 3 Baked Salmon With Garlic and Lemon INSIDE THIS ISSUE
Win of the Month 4 Ryan Reynolds’ Secret to Viral Marketing
Business Lessons From Ryan Reynolds HOW TO KEEP YOUR MARKETING RELEVANT IN RECORD TIME
How is the “Sexiest Man Alive” in 2010 also a genius businessman? Ryan Reynolds has appeared in countless movies and, even more recently, advertisements from his own business ventures. However, while his star power has an impact on his marketing, it’s his strategy that works!
something goes viral and becomes part of the cultural zeitgeist, it’s time to join the conversation and create an ad that plays into this trend. Do you remember that disastrous Peloton holiday commercial from 2019? The commercial had everyone talking — for all the wrong reasons, as many criticized the ad as sexist. Reynolds immediately stepped in, rode the wave of
fifth-tier Welsh soccer team, Wrexham AFC, for $2.5 million and then used his studio to create a docuseries highlighting the team’s history and the process of resurrecting the team. As a result, the team gained a massive following, countless sponsorship deals, and increased ticket sales. The Essentials of Fastvertising Clearly, the key to succeeding at fastvertising is releasing content as quickly as possible. You need to be able to plan, produce, and release an on-topic commercial in less than three days. Any longer, and the trend loses its virality, and your ad loses its relevancy. But before you move at lightning speed, you need to actually be in the know. Follow trending hashtags, videos, news headlines, and whatever other new sensation hits the cultural scene. Once you spot something that everyone is talking about, it’s time to get started. It seems like we can all learn a few things from Reynolds!
frenzy, and pushed out a sequel to the saga.
Reynolds co-founded his advertising agency, Maximum Effort, in 2018 and has been churning out some powerfully effective advertising. How? A little technique called “fastvertising.” Reynolds’ Success With Fastvertising Fastvertising uses rapid-speed news outlets and social media platforms. To be successful with this type of marketing, you need to be quick on your feet, and we mean quick. Once
Maximum Effort was able to conceptualize the ad’s plot, hire the ad’s star, Monica Ruiz, produce the video, and release it to the world in only 72 hours — and it went viral. The advertisement’s success led to his $610 million deal selling Aviation to Diageo.
But Reynolds wasn’t done just yet. He teamed up with fellow actor Rob McElhenney to purchase a
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