Best Practices for Avoiding Cash Flow Problems With Your Business
If you had to make a list of some of the biggest issues that plague small business owners on a regular basis, cashflow problems would...
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Sep 23, 20223 min read
Inflation and an Economic Slowdown
Newspapers and media reports have been filled with talk of inflation and recession. Experts are arguing about the definition of the...
Sep 20, 20229 min read
Starting a business: a primer
According to one recent study conducted by the Small Business Administration, there are approximately 32.5 million organizations that...
Sep 19, 20223 min read
Maximizing Your Airbnb Rental Income
If you list your property on Airbnb, you know it has been a remarkable boon for property owners looking to earn income from their...
Sep 16, 20223 min read
Home Energy Improvement Credit Is Enhanced
Going all the way back to 2006, except for 2008, the federal tax code has offered a tax credit for making energy-saving improvements to a...
Sep 15, 20224 min read
Electric Vehicle Credit Undergoes Major Overhaul
With the recent passage of the Inflation Reduction Act of 2022, the electric vehicle credit has undergone some major changes. Although...
Sep 14, 20223 min read
IRS Providing Penalty Relief to 1.6 Million Taxpayers
To help struggling taxpayers affected by the COVID-19 pandemic, the IRS has issued a notice, which provides penalty relief to most people...
Sep 13, 20222 min read
Will you benefit from Biden's student debt relief?
On August 24, President Biden announced a three-part plan to deal with student loan debt which includes, among other things, $20,000 in...
Sep 12, 20224 min read
Tax strategies during a lower-income year
People generally assume that tax planning only applies to individuals with the big bucks. But think again, as some tax moves benefit...
Sep 7, 20227 min read
How to maximize business deductions
As a small business owner, you should always be on the lookout for legitimate ways to minimize your taxes. Waiting for year-end to do...
Aug 30, 20228 min read
What Does The Inflation Reduction Act Mean To You?
President Biden signed into law the Inflation Reduction Act (IRA) of 2022 which is a scaled-back version of the prior Biden...
Jul 29, 20224 min read
RMDs and IRA-to-Charity Distribution Provisions
Tax law requires individuals who have reached age 72 to begin taking minimum distributions from their traditional IRA accounts. These are...
Jul 28, 20224 min read
Sun Setting on Home Solar Power Tax Credits
If you have been considering installing a solar electric system on your home and taking advantage of the lucrative federal tax credit,...
Jul 26, 20225 min read
Thinking of Selling Your Home?
If you sold your home this year or are thinking about selling it, there are many tax-related issues that could apply to that sale. To...
Jul 21, 20225 min read
Small Businesses Can Benefit from the Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is a general business credit that is jointly administered by the Internal Revenue Service (IRS)...
Jul 20, 20224 min read
You May Receive an IRS Form 1099-K This Year
The IRS Tax law, since 2011, has required third-party settlement organizations such as Venmo, PayPal, CashApp, and Ebay to report...
Jul 15, 20224 min read
How to Protect Yourself When Selecting Investors For Your Startup
Any seasoned entrepreneur will tell you that coming up with an idea for a startup is ultimately the easy part of this process. Figuring...
Jul 14, 20223 min read
Best Practices for Managing Your Business Through an Economic Downturn
The United States economy is nothing if not cyclical - which can be a good thing or a bad thing depending on when, exactly, you're trying...
Jun 29, 20223 min read
How QuickBooks Online Helps You Track Mileage
If you drive even a little for business, it’s easy to let mileage costs slide. After all, it’s a pain to keep track of your...
Jun 28, 20222 min read
IRS Announces Mid-Year Optional Vehicle Mileage Rate Increase
With gas prices soaring it has been expected the IRS would increase the mileage rate that business owners can deduct for vehicle use...
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