At SummerHill Tax Services, we believe in the power of holistic financial strategies to secure your future. With over ten years of experience, we’ve come to understand that effective wealth management extends beyond income generation—it involves strategic financial planning, asset growth, and, most importantly, astute tax services. This is particularly crucial in Temecula, a city […]
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Entries by Jay
Here are eight important points about penalties for filing or paying late. A failure-to-file penalty may apply if you did not file by the tax filing deadline. A failure-to-pay penalty may apply if you did not pay all of the taxes you owe by the tax filing deadline. The failure-to-file penalty is generally more than […]
Many individuals are unaware that the IRS has different types of payment plans if you owe tax, some will not remove tax liens, so you have to be very careful to make sure you enroll in the correct plan. If paying the entire tax debt all at once is not possible, an installment agreement is an alternative […]
Being Self-Employed in the holidays can be very hard if you don’t have a plan. This time of year sales aren’t doing as well or there stagnant and you just aren’t prepared for the additional cost. Disappointing your family again with a cheap Christmas can make you feel like a failure in your business. Don’t […]
Open a separate bank account for your business Save and Organize your receipts by Category for easier record keeping Keep track of all of your business income, at least on a monthly basis Make Quarterly Estimated tax payments. Create and maintain a spending plan or budget and try to stay on target as much as […]
If you’ve been self-employed or are starting as a self-employed individual, you’ve probably have come across the dreaded SELF-EMPLOYED TAX. Getting paid in full is not as fun as you thought once it comes to tax time. So what is the Self-employed Tax, it basically both the employee and employer portion of Social Security and […]
Most business owners are familiar with the Profit & Loss Report, to most money you make is income and money that goes out is an expense. But that’s not always the case, an expense is something that gets used up rather quickly and therefore the benefit is used up quickly. Some examples are office supplies, […]
Do you know what the people of Murrieta do when they receive an IRS tax notice? It may come as a surprise to you but they’ve been knowing about this for a long time? When people of Murrieta receive an IRS tax notice they decide to visit Summerhill Tax Services. Clients of ours think about […]
About SummerHill Tax Services
Summerhill Tax Services was established in 2008. We are determined in helping our clients maintain quality record keeping and tax compliance. Our staff has worked under seasoned professionals sharpening their skills to better serve you. We enjoy what we do and it shows, not only in our work but by the high level of customer service and the commitment we provide.
The Highest priority of Summerhill Tax Service is to encourage, support and enable the self-employed to unfold their full potential and ability.
- Wealth Management in Temecula: How Tax Services Can Help Navigate Your Path to Financial Prosperity
- Did you know the penalty for not filing your taxes on time is higher than the penalty for not paying on time?
- Did you know there are multiple IRS payment plans?
- Self-Employed and the Holidays
- Top 10 Tax Tips for the Self-Employed