Most savvy entrepreneurs and business owners – if not all – do not enjoy parting with their hard-earned money during tax season. But guess what could make paying taxes even more exasperating? Unexpected tax penalties due to compliance missteps. With…
Did you know that according to a report by the Investment Company Institute, Americans have about $7 trillion invested in 401(k) as of the first quarter of 2023? Also, the average 401(k) contribution stands at 7% of total employee income. …
We all love free things, clearance sales, discount sales, two for the price of one, big sales, back to school sales. But imagine buying things from the store without having to pay sales taxes. Wouldn’t that be nice? That’s what…
When it comes to paying taxes, there are two types of people- those who do their taxes themselves to save money and those who prefer to hand over the difficult task to a CPA or tax software to save time…
As a savvy investor, understanding the tax implications of your investment and implementing the appropriate tax strategy is vital for protecting your wealth. And this is especially the case if you are an investor looking to claim tax exemptions on…
The Powerball lottery jackpot soared to $1.08 billion in July. Sold in California, this is the third-highest prize in Powerball history. To this day, $2.04 Billion remains the largest lottery prize in U.S. history. Winning a massive $1.08 billion Powerball…
Have you seen anyone that likes overpaying taxes? We haven’t too, but we’ll let you know if one crosses our radar. On the other hand, one thing that's always on our radar is how to save you more tax money!…
The Senate recently approved about $80 billion in IRS funding, with $45.6 billion for “enforcement.” The IRS also plans to hire 87,000 employees over the next ten years. This has raised many questions about who may be targeted for future…
We talk about taxes all year. It hovers in your mind even when you’ve filed your taxes. You worry about the tax money and how to pay it on time. But when is tax season over? The IRS started accepting…
If you’re a business owner and you think absconding with the IRS’ money is the best way to avoid paying taxes, we’d advise you to seek a legal and less dangerous root because that path is quite steep. Skipping the…
Everyone seems to be a tax expert on social media when it comes to taxes. If you seek tax advice, you'll get it in a high dose from anyone who cares, but with ever-changing tax laws, it can be hard…
The only thing that ruins the charming spring mood for you is the tax season. We know planning for the tax season can be frustrating, especially when you run a business. Even worse, if there's one thing different about the…
Which are you? A typical business owner who just pays whatever they take out as taxes and never looks into ways to keep their money, or an extraordinary business owner who knows that every penny counts toward building a successful…
For very few business owners and investors, filing tax returns and paying their taxes is like a walk in the park, but taxes can be a bore for many others! But tax calculator tools can help! Every tax season, we…
You know what they say about time flying; it's absolutely true for 2023. The year is gradually closing in. Just last week, it was January, and now it's March. Do you know what else is closing in? The tax deadlines…