June 2023 Newsletter

Summer Financial Checkup

It is already mid-year! Time to start thinking about your financial goals. A mid-year financial checkup is a great way to measure progress, check that you are still on course, and make any needed changes. It's as important as a semiannual checkup with your physician. Click below for your financial checkup.

Important Dates

Thursday, June 15th

Second installment due for 2023 estimated tax

June 7th - July 5th

Best of Denton County Nominations

*more information to come*

Gig Economy Worker

Temporary, part-time or if it's a side job, you must pay taxes on income from gig work if net earnings are $400 or more. Gig work is considered any work to earn income, through an app or website (digital platform). Selling goods online, delivery services, ridesharing services, and freelance work are just some examples of gig work.

Summer Camps

School is out for summer, which means many working parents must make arrangements for child care. Did you know the cost of day camp counts as an expense towards the child and dependent care credit? Keep in mind sleepaway camps are not allowed to count towards this credit. Keep those camp receipts, you will need those for 2023 taxes. 

Business Structure & Entity Consulting

Are you aware of the extensive legwork associated with forming an entity? Let one of our professional business structure consultants at Chandler & Knowles CPAs assist in the formation process to make certain you meet all of the requirements in a timely manner.