lilytrantax's profile picture. Working mother of two sharing the most memorable moments in business, taxes, and finances.

Lily Tran Tax

@lilytrantax

Working mother of two sharing the most memorable moments in business, taxes, and finances.

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Calling all startup dreamers and aspiring entrepreneurs! Need affordable resources to fuel your journey to success? Dive into our published books, packed with invaluable tips, tricks, and strategies tailored for the budget-conscious innovator.

lilytrantax's tweet image. Calling all startup dreamers and aspiring entrepreneurs! Need affordable resources to fuel your journey to success? Dive into our published books, packed with invaluable tips, tricks, and strategies tailored for the budget-conscious innovator.
lilytrantax's tweet image. Calling all startup dreamers and aspiring entrepreneurs! Need affordable resources to fuel your journey to success? Dive into our published books, packed with invaluable tips, tricks, and strategies tailored for the budget-conscious innovator.
lilytrantax's tweet image. Calling all startup dreamers and aspiring entrepreneurs! Need affordable resources to fuel your journey to success? Dive into our published books, packed with invaluable tips, tricks, and strategies tailored for the budget-conscious innovator.
lilytrantax's tweet image. Calling all startup dreamers and aspiring entrepreneurs! Need affordable resources to fuel your journey to success? Dive into our published books, packed with invaluable tips, tricks, and strategies tailored for the budget-conscious innovator.

If a client disrespects my team, I will step in to address the situation and, if necessary, end the working relationship. I have zero tolerance for anyone speaking disrespectfully to my staff.


My daughter drew a photo of us and our mascot at our future pop up booth.

lilytrantax's tweet image. My daughter drew a photo of us and our mascot at our future pop up booth.

My staff is awesome! She brought some homemade snickerdoodle banana bread to share 😋


Displayed on the taxpayer online account: #TaxTwitter

lilytrantax's tweet image. Displayed on the taxpayer online account: #TaxTwitter

Even though the tax extension deadline is approaching, I’m already preparing for the upcoming tax season. This year, I want to be proactive so I can truly enjoy the holiday season with my family.


Today I told my mom about my car trouble, and she turned it into a tax talk! She mentioned the car interest deduction and said I should consider buying a new car to qualify. Then she asked if I even knew about this new tax break. Gotta love my mom!


We’re down to just one tax return left (and no, it’s not mine). Normally we’d be wrapped up by now!


Entrepreneurs don’t talk about this: when I’m sick with a fever, I can’t fully rest because my mind won’t stop thinking about work. Deadlines, emails, clients; they don’t pause, and neither does my focus.


I’m excited to share that I’m currently working on an audiobook version of the Tax Myth Buster Don’t Fall Prey to These Tax Misconceptions: Exposing the Truths about the Top Tax Myths! It will be released soon (after Oct 15th) so stay tuned for updates.

lilytrantax's tweet image. I’m excited to share that I’m currently working on an audiobook version of the Tax Myth Buster Don’t Fall Prey to These Tax Misconceptions: Exposing the Truths about the Top Tax Myths! It will be released soon (after Oct 15th) so stay tuned for updates.

I’ve come to realize that I enjoy having a small team, and at this time, I don’t see myself wanting to expand further. Our office is the perfect size for us, and our small but mighty team has the capacity to handle new clients without needing to grow.


The Most Common Tax Mistakes Made by Small Businesses featured on the Wall of Book Cover in Issaquah, WA!

lilytrantax's tweet image. The Most Common Tax Mistakes Made by Small Businesses featured on the Wall of Book Cover in Issaquah, WA!

I've been spending more time around bookkeepers, accountants, and CPAs lately, and I’ve really enjoyed their company. This has been pulling me back to my first love and the foundation of my entrepreneurial journey.


This year, I’ve focused on protecting my time. I now run new ideas by the team to see if they align with our mission and values. Saying no more often has helped us stay focused and grow in the right ways.


Want to Publish a Book? I Can Help. If you’ve been thinking about writing or publishing a book, I’d be happy to walk you through the process, whether you’re just starting or ready to hit publish. Feel free to reach out!


I came from a firm that charged per form. I’d heard of hourly billing but hadn’t seen it in practice until now. I switched from per form pricing to value-based pricing when Schedules 1, 2, and 3 came out. It’s always interesting to see how firms price their services.


I’ve been focusing more on working on the business rather than in the business.


Client win! 🙌 After years of IRS debt + penalties, a new client followed my simple tax tips and this year, she got a small refund! 💸 Her reaction? Priceless. Referrals rolled in, and she left with business cards to share. Moments like this is why I love what I do. Happy Friday!


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