JW Tax & Consulting Services

01/03/2025

It's Tax Time and our ADVANCES ARE BACK! Call us at 440-326-1036

12/24/2024

To our valued clients, past, present, and future, we wish you a joyous holiday season filled with warmth and laughter and all the best for a prosperous New Year!

02/03/2024

We are open on Saturdays through the month of February. Call to schedule your appointment. 440-326-1036

02/02/2024

Will he see his shadow? Please let us know, as we are diligently working. Call us if we can provide you any services.
440-326-1036

01/05/2024

For 2024, the maximum contribution is $7000, $8000 if you are at least 50 years old. It's smart to save in a ROTH IRA because when you retire, all your withdrawals will be 100% tax free.

01/05/2024

Thank you for an amazing 2023. We are looking forward to serving you again in 2024!

04/01/2023

Happy National Play Outside Day *and* National Handmade Day! It is the perfect day to treat yourself to something that makes you happy... What will you do? Take a walk outside? Create something that makes your heart sing? Spend time with your bestie? Take the kids or pets to the park?

Inspire others by sharing your favorite weekend activity in the comments!

These fun outdoor activities will be a hit for the entire family! Make memories that will last while you soak up the sun and enjoy the fresh air.

03/30/2023

Suze Orman’s Top 26 Tips That Will Save You From Financial Disaster

See how to set a personal budget and prep for retirement.

03/29/2023

It’s that time of year again when I know many of you will be receiving a...

03/23/2023

This first week of Spring seems to be getting nicer by the minute, give or take a little bit of rain. Along with the first week of Spring, it's time to change your smoke detector batteries and schedule your tax appointment. While some may try to say you should file your own taxes from home to save money, is that really a good idea? Do YOU know how to maximize your refund?
According to smartasset.com, "Ohio has a progressive income tax. While the state rate is relatively low compared to other states with an income tax, many Ohio municipalities charge an additional income tax. Sales tax is also collected at both the state and local level. The state’s average effective property tax rate is among the highest in the country." Everyone has a preference, but hiring a professional for just about anything will maximize your savings in the end -- whether it's weatherizing your home, planning a rain garden to minimize the flooding on your property, or assisting with your financial planning, a seasoned professional will help you navigate the right road responsibly.

Live in the moment. Plan for the future.

Find out how much you'll pay in Ohio state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more.

03/23/2023

is almost over and tomorrow is

Maybe you or someone you know has been thinking... "I need some tax/financial (or other) advice... How do I know where to turn?".. Well, according to NBCnews.com, “It took the truth about six times as long as falsehood to reach 1,500 people.”
Wow. Six times as long.
Take that for what it's worth because that's the point here, so, let's continue --
NBCnews.com also said, "And it wasn’t bots spreading most of the falsehoods, they found. It was real people doing most of it. Usually ordinary people, too, they found: so-called ‘verified’ users and those with many followers were not usually the source of some of the most popular untrue viral posts."
That's an interesting determination.

So the next question is ... How do you decide who to trust? Because who came first, the "reputation" or the "professional"? Take the time to vet your financial experts. Your money deserves to be protected because it's YOUR MONEY. Maximize it with a trusted professional who wants to help you grow old comfortably.

"...but in this world nothing can be said to be certain, except death and taxes."
— Franklin, in a letter to Jean-Baptiste Le Roy, 1789.

Great things to contemplate. Give us your thoughts in the comments.

People are quicker to repeat something that's wrong than something that's true

03/10/2023

Quiz time!
An all-time high, how many American taxpayers filed an extension in 2021?
46 million
19 million
9 million
4.6 million

Share your guess in the comments. We’ll post the answer Friday evening.

And don’t forget to schedule your tax appointment! Taxes are due in 39 days!

03/07/2023

Have you ever had THAT kind of week/weekend? Like, you have a bit of a plan but then somethings happen and you’re all off course and the next thing you know it’s almost Tuesday??!!? And nothing productive happened, only stress and trying not to over-stress…
When things get tough, try some of these 18 Effective Stress Relief Strategies. You never know what might help until you try it, or at least consider trying it.

Learning effective stress relief strategies can help you get a handle on your stress. Discover how to incorporate these stress relief habits into your daily life.

02/27/2023

**Consider an All-Cash Diet**
Stop overspending and get out of debt faster... Read how a 23-year-old paid off $20,000 of debt in ONE year.

A 23-year-old nurse became debt-free by using a simple strategy that changed her spending habits: "I was eating out a lot, buying new clothes at Target, shopping on Amazon....I had no concept of where my money was going or how much I spent."

02/25/2023

Love Thy Self
Are you practicing "Financial Self-Care"?

Crank up the tunes, grab a cup of tea, and show yourself some love with these financial self care practices to improve your financial health.

02/24/2023

48% of American workers believe they don’t make enough money to adequately save for retirement.
43% of American workers guess how much they need to retire, rather than basing it on current expenses (38%) or using a retirement calculator (25%).

Do you have college-bound children?
Have you considered prioritizing Retirement Funds before College Funds?
In her book "Women & Money," Suze Orman explains why saving for retirement has to take precedence over paying for your children's college education: Your children can take out loans for college, but you cannot take out loans for retirement. That means that if you haven't saved enough for your retirement, you will ultimately become a financial burden to your kids.

Suze Orman is a personal financial advisor with lots of great (& free) financial tips & information on her website: https://www.suzeorman.com/start-here

You are never powerful in life until you are powerful over your own money. Sign up and learn money tips from Suze Orman, America's Personal Finance Expert.

02/23/2023

Don't forget to schedule your tax appointment. Call 440-326-1036 before you have to get an extension 🙃🤡

02/21/2023

Are you consulting in retirement or turning a hobby into a side gig? You can write off any expenses that are “ordinary and necessary” and considered “reasonable,” according to the IRS.
For example, if you have been using your vehicle to earn this income, you can deduct 58.5 cents per mile for use between Jan. 1 and June 30, 2022. The standard mileage rate rose to 62.5 cents per mile from July 1, 2022 through the end of the 2022 calendar year.
(source: https://www.barrons.com/articles/retirement-tax-deduction-tips-8f1b16c3)