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Monday 10am - 6pm Tuesday 11am - 6pm Wednesday 10am - 6am Thursday 9am - 6pm Friday 10am - 6pm Saturday 10am - 3pm

Business & Financial Mgt Services-BFMS Inc.

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United States
Greenwood Village, CO
Business & Financial Mgt Services-BFMS Inc.

Experts with bookkeeping, taxes and payroll with a personal & professional touch. We want YOU to be financially successful in business & personal matters

10/26/2026

You deserve the money you make, and to spend it! 💸

10/22/2026

How Much of Your Business Income Should You Set Aside for Taxes?

If you’re a business owner, freelancer, or independent contractor, one of the most important financial habits you can build is setting aside money for taxes throughout the year.

But how much should you actually save?

The answer depends on your income, business expenses, filing status, and overall tax situation. There’s no single percentage that works for everyone.

Here’s what to consider:

📌 1. Understand which taxes you may owe.
Depending on your business structure and circumstances, you may owe federal income tax, self-employment tax, state income tax, and other applicable taxes.

📌 2. Calculate your profit—not just your revenue.
Your tax situation generally depends on your taxable income, not simply how much money your business brings in. Track your income and eligible business expenses to get a clearer picture of your finances.

📌 3. Make tax savings part of your routine.
Instead of waiting until tax season, consider transferring a portion of your business income into a separate savings account regularly. This can help you avoid spending money you’ll need later.

📌 4. Review your estimated tax payments.
Many self-employed individuals and business owners need to make quarterly estimated tax payments. For federal taxes, individuals generally need to consider estimated payments if they expect to owe at least $1,000 when filing, after withholding and refundable credits, subject to additional rules and exceptions.

📌 5. Revisit your numbers throughout the year.
If your income increases, your expenses change, or your business experiences a slower season, your tax plan may need to change, too.

The biggest takeaway? Don’t wait until tax season to figure out how you’ll pay your tax bill.

A little planning throughout the year can help you manage cash flow, avoid surprises, and make more informed financial decisions.

At BFMS, we believe understanding your numbers is an important step toward spending less time worrying about your finances and more time focusing on your business.

💬 Do you set aside money for taxes throughout the year, or do you tend to figure it out when tax season arrives?

10/19/2026

Comparison is the thief of joy! You are on your own unique path ✨

10/17/2026

⏰ Missed the October 15 Tax Deadline? Here’s What to Do Next.

If you filed a tax extension but didn’t submit your return by October 15, don’t panic—but don’t ignore it either.

The best next step is to understand your situation and take action as soon as possible.

Here’s what you should know:

📌 1. File your tax return as soon as possible.
If you were required to file and missed the deadline, submitting your return promptly can help limit additional late-filing penalties.

📌 2. Pay what you can.
If you owe taxes but can’t afford to pay the full balance, consider paying what you can now. Interest and penalties may continue to accrue on unpaid amounts.

📌 3. Explore payment options.
The IRS offers payment plans for eligible taxpayers who need more time to pay their tax bill. You don’t necessarily have to pay everything at once.

📌 4. Don’t assume you automatically owe every penalty.
Some taxpayers may qualify for penalty relief depending on their filing and payment history or circumstances. Eligibility varies, so it’s worth looking into your options.

📌 5. Get your financial records organized.
Gather your income documents, expense records, receipts, and bookkeeping reports so you or your tax professional can work toward getting your return completed accurately.

The most important thing? Don’t let a missed deadline turn into months of avoidance. Taking action now can help you understand your options and move forward.

At BFMS, we believe staying organized and informed about your finances can help you save time, reduce stress, and make more confident financial decisions.

💬 Have questions about your business finances, bookkeeping, or getting organized for tax season? Send us a message—we’re here to help!

10/13/2026

On today’s 2 Minute Monday, I know what it feels like to undercharge!

10/05/2026

I know what it feels like to have a toxic client! As you grow into your business, you have to remember that YOU are in control of your clients!

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10/02/2026

Want to better understand your tax liability and learn strategies that can help you plan ahead? Join us for a FREE webinar designed to help you make smarter, more informed tax decisions. 💰📊

📅 October 5th
🕛 12:00–12:30 PM MST
💻 FREE Webinar

We’ll cover helpful tax-planning insights for individuals and small business owners, including ways to better prepare for your tax liability.

📲 RSVP by texting your email to 720-329-2999

Don’t wait until tax time to start planning. Unlock your tax strategy and plan ahead!

09/25/2026

If you filed a tax extension earlier this year, October 15 is your deadline to file your 2025 federal income tax return.

And if you haven’t finished your return yet, now is the time to get moving—not October 14. 😅

A few important things to remember:

📌 An extension gives you more time to FILE, not more time to PAY.
If you owed taxes, your payment was still due by the original April 15 deadline. Interest and penalties may apply to unpaid balances.

And if you’re a business owner, this is also a great time to make sure your books are caught up and reconciled before your tax return is finalized.

The goal isn’t just to meet the deadline—it’s to make sure your return is accurate and you’re not scrambling at the last minute.

09/16/2026

Book a FREE consultation and tax review with us today!
Let us take the tax stress off of you and start preparing for tax season✍🏼💸

09/14/2026

Welcome back to another 2 Minute Monday! On today’s episode, I know what it feels like to hit a wall! 🧱😤

What kinds of things do you do to get out of your funk?

Address

Greenwood Village, CO

Opening Hours

Monday	10am - 6pm
Tuesday	11am - 6pm
Wednesday	10am - 6am
Thursday	9am - 6pm
Friday	10am - 6pm
Saturday	10am - 3pm

Website

http://bizfinancialmgt.com/

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