As the year 2023 unfolds, it's essential for you to stay informed about the various tax credits and deductions that are available to your family. Understanding these tax benefits can help optimize your finances and reduce your overall tax liability. Today’s blog post explores some of the key tax credits and deductions that your family can take advantage of in... read more »
The concept of remote work has gained tremendous popularity over the past couple of years, and the trend shows no signs of slowing down in 2023. With advancements in technology and changing work cultures, more and more employees are enjoying the benefits of working remotely. However, it is crucial to understand the tax implications that come with this modern work... read more »
If you are a small business owner, you are likely always seeking out ways to maximize your tax savings. With the ever-changing tax laws and regulations, it can often be overwhelming to navigate the complex tax landscape. But with just a little bit of planning and the right strategies, you can often minimize your tax liability, allowing you to keep... read more »
If you are a tax professional or business, you are vulnerable to identity thieves who may target your client’s sensitive information. According to the IRS, this is an ongoing concern, and every year, they compile an updated list noting 12 tax scams. The importance of proceeding cautiously cannot be overstated, and the IRS refers to this list as the "Dirty... read more »
When it comes to residential homes and real estate, investing in these purchases has been increasingly popular as they offer a reliable source of income. As they are also taxable, investors of residential real estate like these offset the tax burden by increasing their real estate deductions. Deductions for capital assets, or depreciation, let you write off the price of... read more »
February is here and we are talking taxes! There are good reasons to file your business taxes early by filing in February. That's because there are some benefits for doing so. You'll be a head of the game as the IRS anticipates processing more than 150 million tax returns! Get Money Back Filing your business taxes in February ensures that... read more »
The new year has finally made its debut and we are excited to help you begin the year ready to work on your tax filings! This month we're going to help you navigate those R&D tax credits, your meal and entertainment deductions and what to know about filing information returns. 1-Business Tax Credits for Research & Development Even though it's... read more »
Are you ready to close out the year by implementing sound tax planning strategies with tax and legal advisors to optimize your tax planning? These decisions affect the amount of taxes you'll be paying in April of 2023. Check out these adjustments you can make before reaching year-end. -Check Your Withholding: It's important to have enough money withheld from your... read more »
When it comes to "cryptoassets," or cryptocurrencies, you are probably familiar with the most popular ones out there, such as Bitcoin, Ripple, Litecoin and Ethereum. These are essentially a kind of electronic cash, exemplifying the secure technology that not only records who owns what but also makes the payments being passed between users. Unlike physical cash you can carry in... read more »
When you invest, you are accumulating assets that will hopefully increase in value and give you returns from income payments or capital gains, including securities, real estate, cash, bonds, etc. When inflation is high, investing can sometimes be difficult to navigate. Inflation Rates In the U.S., we are facing inflation that could impact the country's stock market for a while.... read more »
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