Here are some personal branding tips that you can consider:

1. Define your personal brand: Start by identifying your unique strengths, skills, and values. Think about what sets you apart from others and what you want to be known for.
   
2. Develop a consistent message: Once you have defined your personal brand, create a clear and concise message that accurately represents you and your brand.
   
3. Create a strong online presence: Use social media platforms like LinkedIn, Twitter, Instagram, and Facebook to build a strong online presence. Make sure your profiles are professional and consistent with your brand message.
   
4. Share valuable content: Share valuable and relevant content that showcases your expertise and adds value to your audience. This could be blog posts, videos, podcasts, or social media posts.
   
5. Network and collaborate: Networking and collaborating with others in your industry can help you build your brand and expand your reach. Attend events, join groups, and connect with others online.
   
6. Be authentic: Authenticity is key to building a strong personal brand. Be true to yourself and your values, and don't try to be someone you're not.
   
7. Continuously improve: Finally, don't be afraid to continuously improve your personal brand. Keep learning, growing, and evolving to stay relevant and meet the needs of your audience.
   
   Tom Gosche is a Business Strategist dedicated to helping business owners be more profitable through customized business and financial strategy. His BRAND System™ is a process of creating and implementing effective brands, business building strategies, financial insight and business transition success. 
   
   Seeing Tom in action quickly impresses upon attendees his skills, knowledge and expertise in a lighthearted, even humorous, presentation. 
   
   Tom is a part of GLM, Inc. as a business consultant and business developer. He has formulated the idea of the BASiC Cycle of working with business owners. BASIC was formed with business owners in mind, by combining growth strategies, business planning and financial review on a regular basis.
   
   
   

Tax season can be a stressful time for many individuals, especially if they are filing their tax return at the last minute. As the deadline approaches, it is common for people to have questions about their taxes. Here are some common last-minute tax return questions and answers that may help alleviate some of the stress.

Can I still file my tax return if I missed the deadline?
If you missed the tax filing deadline, you may still be able to file your tax return. In the United States, the deadline for filing taxes is typically April 15th, but it can vary from year to year. If you missed the deadline, you can file for an extension using Form 4868. This will give you an additional six months to file your tax return. However, it is important to note that an extension to file does not mean an extension to pay any taxes owed. You still need to estimate your tax liability and pay any taxes owed by the original deadline to avoid penalties and interest.

Can I still claim deductions and credits if I file my tax return late?If you file your tax return late, you may still be able to claim deductions and credits. However, it is important to note that some deductions and credits have specific deadlines or limitations. For example, if you contribute to an IRA for the previous tax year, you must make the contribution by the tax filing deadline to claim it on your tax return. Additionally, some tax credits, such as the Earned Income Tax Credit, have income limits and other eligibility requirements. Therefore, it is important to review the specific requirements for any deductions or credits you plan to claim.

What if I made a mistake on my tax return?If you discover a mistake on your tax return after you have filed it, you can file an amended tax return using Form 1040X. This form allows you to correct any errors or omissions on your original tax return. It is important to note that you cannot use an amended tax return to claim a refund for a year that is more than three years old. Additionally, if you discover a mistake on your tax return that resulted in an underpayment of taxes, you may need to pay penalties and interest.

How do I pay any taxes owed?If you owe taxes, you can pay them online using the IRS's electronic payment options, including direct debit from your bank account, credit or debit card, or the IRS's online payment agreement tool. If you cannot pay your taxes in full, you can request a payment plan using the IRS's online payment agreement tool. It is important to note that interest and penalties may apply if you do not pay your taxes by the deadline.
In conclusion, filing taxes can be a complex process, and it is common to have questions or concerns, especially as the deadline approaches. By understanding the options available for late filing, deductions and credits, correcting mistakes, and paying taxes owed, you can take steps to minimize stress and ensure that you meet your tax obligations.

If you need help, you can contact GLM
​Tom Gosche, 630-675-8971, tomg@goglm.com 

The IRS and tax professionals continue to see third parties aggressively promoting Employee Retention Credit schemes on radio and online.

Filers should carefully review the ERC guidelines before trying to claim the credit and be wary of offers promising tax savings that are too good to be true. Tax professionals are also reporting receiving undue pressure from clients to claim the ERC as a result of these scams.
These promoters push ineligible people to file a claim for the credit while charging the filer either large upfront fees or a fee that is contingent on the amount of their refund. Plus, the promoters may not inform taxpayers that they must reduce the wage deductions they claimed on the business’ federal income tax return by the amount of the credit.

The IRS has been warning about this scheme since last fall, but there continue to be attempts to claim the ERC made by ineligible filers during the 2023 tax filing season. This is a valuable credit for those who qualify but claiming it improperly could result in taxpayers having to repay the credit along with potential penalties and interest.

Qualifying for ERC
The ERC is a refundable tax credit for businesses who continued paying employees while shut down due to the pandemic or who had significant declines in gross receipts.
Eligible taxpayers can claim the ERC on an original or amended employment tax return during a qualifying period.
To be eligible for the ERC, employers must have:

• sustained a full or partial suspension of operations due to orders from an appropriate governmental authority due to COVID-19 during 2020 or the first three quarters of 2021,
• experienced a significant decline in gross receipts during 2020 or a decline in gross receipts during the first three quarters of 2021, or
• qualified as a recovery startup business for the third or fourth quarters of 2021.

Eligible employers can’t claim the ERC on wages that they reported as payroll costs in obtaining Paycheck Protection Program loan forgiveness or that they used to claim certain other tax credits.

Reporting ERC fraud
Employers can report illegal tax-related ERC claims and activities by submitting a completed Form 14242, Report Suspected Abusive Tax Promotions or Preparers and any supporting materials to the IRS Lead Development Center in the Office of Promoter Investigations. The fax telephone number and mailing address are on the form.
Employers should also report instances of fraud and IRS-related phishing attempts to the IRS at phishing@irs.gov and Treasury Inspector General for Tax Administration at 800-366-4484.

More information:

• Employee Retention Credit - 2020 vs 2021 Comparison Chart
• Form 941-X Instructions (April 2022 Revision)
• Form 941 Instructions (December 2021 Revision)
• Form 941 Instructions (2020 Revisions)
• Form 943, 943-X, 944, 944-X, CT-1 and CT-1-X Instructions

What is a “Typical Situation” people are in when they realize they need your help?
People and businesses facing high tax liabilities from personal earnings, operating business profits including real estate, other investment transactions including crypto currencies and the sale of a business or other hard assets.

What is something someone might say that would lead me to think of you?
•         My taxes are too high.
•         I want to sell, but the taxes will eat up a big share of my profit.
•         I wish there was a way to reduce my crypto tax obligations.

What (Specifically) do you do? 
B10 helps HNW individuals and businesses reduce their biggest expense: TAXES, by offering unique compliant tax strategies that include tax credits, cost segregation, property tax litigation, charitable giving, crypto Moontax service, and capital gains deferral, among others.  

How do you do it?
Each strategy is assigned a dedicated expert team of CPAs and tax professionals that do all of the tedious analytical work and provide a final tax benefit report for the taxpayer and/or financial advisor.

Matching Ideas with Resources:

​Core ValuesIntegrity- Requires that we possess and steadfastly adhere to high moral principles and professional standards.
 
Excellence- Requires us to provide clients (both external and internal) with exceptional service and experience.  This means that our work product is of outstanding quality, meets delivery promises and provides value to our clients. 
 
Career Development/Continuous Improvement - Our professionals dedicate themselves to constantly improving client experiences.  As individuals we continuously learn new skills and improve existing skills and competencies.  As accounting, tax and consulting professionals we are committed and dedicated to our clients, the firm, and ourselves.
 
Work/Life Balance – We respect various work/life requirements of our people and strive to be sensitive and flexible to each individual case.  We work with our full time and part time employees to create a win-win arrangement for them and the firm.  We work to live rather than live to work.
 
Client Service – We are committed to providing timely, reliable responses and to nurture the relationship with our clients.  Our goal is to define, measure, understand, manage and improve client expectations and be able to align them with firm core values, goals and regulatory compliance.