Thomas Wells Co.

05/01/2026

April showed up and told you the truth about your tax bill. 👀

You worked the whole year.

You closed deals, deposited commissions, built your pipeline — and tax season walked in and reminded you that being a 1099 earner has a cost most brokers never explain.

If you closed $500K in commissions last year, your tax liability could be anywhere from $120,000 to $175,000 — depending on your structure and deductions. Most agents find out in April. That is too late.

The move isn't panic. The move is a plan. Your money deserves a strategy.

DM me the word PLAN and let's change what next April looks like.

05/01/2026

Five expense categories. Most small business owners are getting at least three of them wrong.

Here's the honest breakdown:

Meals — 50% deductible with documentation. Not 100%. Not without a business purpose.

Home office — exclusively and regularly used for business. The whole kitchen doesn't count.

Mileage — standard rate OR actual expenses. Not both. Log every mile.

Contractors — W-9 before you pay, not after. $600+ means a 1099-NEC is required.

Miscellaneous — this category tells the IRS nothing and protects you from nothing. Every expense deserves a real category.

These aren't obscure rules. They're the basics — and they're where the money leaks.

Fix them in your books this month. Before April becomes a harder conversation.

#1099

05/01/2026

The check cleared. The excitement hit. And then April showed up. 😬

If your side hustle made money this year and you didn't set aside taxes — first of all, you're not alone.

This is one of the most common conversations I have in my practice every single spring.

Here's what the W-2 world doesn't prepare you for: when you earn 1099 income, no one withholds a cent.

You get the full payment — and the full tax obligation comes with it. On $20,000 of side income, that could mean $3,000 to $6,000 owed.

The fix is not complicated. Open a separate savings account. Call it Tax Savings.

Move 25–30% of every payment in before you spend the rest. That habit changes everything about how April feels.

Your money deserves a strategy. DM me the word HUSTLE and let's build yours.

04/20/2026

03/04/2026

If you're still gathering documents or your books aren’t finalized, you don’t have to rush your tax return. Filing a tax extension gives you additional time to file your return properly and avoid unnecessary mistakes.

I’m currently helping individuals and business owners file their IRS tax extensions quickly and correctly.

✔ Personal Tax Extension FilingIncludes:• Preparation and electronic filing of IRS Form 4868• IRS confirmation receipt once submitted

✔ Business Tax Extension FilingIncludes:• Preparation and electronic filing of IRS Form 7004• IRS confirmation receipt once submitted

✔ Extension + Tax Planning ConsultationIncludes:• IRS tax extension filing• Review of estimated income and potential tax liability• 45-minute tax planning consultation• Personalized tax strategy outline• Checklist of deductions and action steps before filing

Remember: an extension gives you more time to file, not more time to pay taxes owed.

📩 Comment EXTENSION or send me a message and I’ll send you the intake form to get started before the deadline.

12/12/2025

Some people were born to run… some were born to cook…

And then there’s us — born to save you money on taxes. 😌

If you want a smoother tax season with fewer surprises, you’re in the right place.

12/11/2025

Yes — your brand photoshoot can be a tax write-off.

If it supports your business, builds your brand, or helps you generate income, it’s deductible.

This is how smart entrepreneurs lower their tax bill… legally.

Thomas Wells Co. — Financial Firm

12/10/2025

Rare level of organization.
Rare attention to detail.
Rare precision in every transaction.
Your business deserves bookkeeping done right.

Let Thomas Wells Co. elevate your financial systems.

12/09/2025

A day in the life of a bookkeeper at Thomas Wells Co.
Balancing books. Tracking expenses. Preparing clean financials.
Because every business deserves clarity, accuracy, and peace of mind.

📌 Need bookkeeping support for 2025?
Book a consultation at ThomasWellsCo.com

12/08/2025

Your December financial checklist is your last chance to lower your tax bill before the year ends.

Clean your books, track your deductions, finalize expenses — and get audit-ready.
Thomas Wells Co. makes it simple.

Need help before December 31?
Book now.

12/04/2025

Selling Your Home? Read This Before Tax Season

Thomas Wells Co. — Financial Firm

If you sell your primary residence for a profit, that gain can be taxable.
However, two powerful strategies can help you reduce—or even eliminate—the tax bill.

1. Capital Gains Exclusion

If you lived in the home for at least 2 of the last 5 years, you may qualify to exclude:

Up to $500,000 of gain (married filing jointly)

Up to $250,000 of gain (single)

This exclusion can eliminate a large portion of your taxable gain.

2. Increase Your Cost Basis

Major improvements increase your cost basis and reduce your taxable profit.
Examples include:

Room additions

Kitchen or bathroom remodels

New roof, HVAC, windows

Driveways, patios, and landscaping

Any improvement that increases the home’s value

Example

Purchase price: $500,000
Improvements: $50,000 → New cost basis: $550,000
Sold for: $800,000 → Gain: $250,000
Capital gains exclusion (MFJ): $500,000

Result: No federal tax owed on the gain.

Planning to sell your home?

Contact Thomas Wells Co. to ensure your numbers are accurate and you're prepared before tax season.

Message me with your questions

Book a tax strategy consultation

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Thomas Wells Co. — Financial Firm