News & Updates
Still Time to Reduce any Tax Surprises!
Consider conducting a final tax planning review now to see if you can still take actions to minimize your taxes this year. Here are some ideas to get you started.
Handling Negative Online Reviews of Your Business
Here are some ideas on handling those pesky online business reviews.
Tips to Protect Your Social Security Number
Very few things in life can create a higher degree of stress than having your Social Security number (SSN) stolen. This is because, unlike other forms of identification, your SSN is virtually permanent. Here are some things that you can do to minimize the risk of having your number fall into the hands of the wrong people.
New Electric Vehicle and Other Energy Credits
Tax incentives for purchasing clean (electric) vehicles and installing high efficiency home improvements are some of the featured provisions in the recently-passed Inflation Reduction Act (IRA). Here’s a closer look at some of the bill’s tax provisions regarding the new incentives.
Understanding Tax Credits Versus Deductions
Tax credits are some of the most valuable tools around to help cut your tax bill. But figuring out how to use these credits on your tax return can get complicated very quickly. Here's what you need to know.
The IRS Announces Tax Scams
Compiled annually, the IRS lists a variety of common scams that taxpayers can encounter. This year's list includes the following four categories.
Your Business Mileage Deduction Just Became More Valuable
Your business mileage tax deduction just became more valuable for the rest of 2022 after a recent announcement by the IRS.
Starting July 1st, the IRS's business mileage rate is increasing by 4 cents, to 62.5 cents per mile, while the medical and moving mileage is also increasing by 4 cents, to 22 cents per mile.
Shrinkflation is Upon Us!
Inflation is upon us, and a hidden gem used by companies to combat price increases is often hidden from the unaware. It's called shrinkflation. Here's what you need to know about this hidden price hike and what you can do to cope with its effects.
Watch for These Tax Surprises
Our tax code contains plenty of opportunities to cut your taxes. There are also plenty of places in the tax code that could create a surprising tax bill. Here are some of the more common traps.
Make Your Cash Worth More!
Your cash is parked in a bank account. Do you know if it's making or losing you money? Here are some ideas to help you make the most of your banked cash
Six Simple Ideas to Help Your Small Business
Here are six ideas to help your business grow and thrive this summer.
Make Your Child's Summer Break a Tax Break
As a busy working parent, you may be on the lookout for activities that are available for your kids this summer. There may be a solution that’s also a tax break: Summer camp!
Money Management Tips for Couples
Couples consistently report finances as the leading cause of stress in their relationship. Here are a few tips to avoid conflict with your long-term partner or spouse.
Hustling for Extra Income
If you currently have a side hustle, don't forget about the tax implications from earning extra money.
Start Your Tax Planning NOW!
Keeping your taxes as low as possible requires paying attention to your financial situation throughout the year. Here are some tips for getting a head start on tax planning.
JUST THE FACTS: Borrowed Money Must Be Paid Back
In the back of every Form 1040 instruction booklet there’s a section that shows where our federal government gets its money and where it is spent. As taxpayers, it makes sense to know this information. Here is the data for the government's fiscal year ending September 30, 2019, as reported by the IRS in the 2020 instruction booklet for Form 1040. Please note that this spending is prior to COVID-19 relief bills.
Make Payroll Taxes Easy in 2022
Handling employment taxes can be complicated, especially when you’re required to file important tax documents throughout the year. Here’s a quick recap of the most vital payroll tax forms and what you can do to make your payroll life easier heading into 2022.
Surprise Bills: Prepare Your Business for the Unexpected
Getting a bill for an unexpected expense can put a significant dent in your business’s cash flow. Here are some tips your business can use to deal with a surprise bill.
Five Great Money Tips
Creating a sound financial foundation for you and your family is anything but easy. With low interest rates as an incentive to borrow more and even lower interest rates on savings accounts is it any wonder that it's tough to retain the discipline to save? Here are five thoughts that may help.
Year-End Tax Planning Ideas For Your Business
As 2021 winds down, here are some ideas to consider in order to help manage your small business and prepare for filing your upcoming tax return.