If running a business is like tending a garden, then tax planning is the water that keeps everything thriving. Without tax planning, your business may struggle to flourish. In fact, the consequences of not having a tax plan are as…
Natural disasters can bring overwhelming challenges, and tax deadlines are often the last thing on people’s minds during these times. Fortunately, the IRS recognizes the unique pressures faced by disaster victims and has announced significant tax relief for those affected…
So, your spouse owns a business, and now it's tax season—time to crunch the numbers and tackle the wild world of tax forms! Filing taxes together can feel a bit like juggling flaming torches. How does your spouse’s business affect…
Do you wonder if replacing that leaky roof could give you a tax break from Uncle Sam? While your roof might not have a warranty against tax season stress, we are here to explore whether upgrading it could help you…
Cashing a check for the Employee Retention Credit seems like a great deal for many business owners, but when does the stress hit? It’s when it's time to file the taxes. Wait, what? Is the Employee Retention Credit taxable income?…
It is the ultimate boss battle (tax season), and you must decide between drafting an EA or a CPA. One offers pinpoint tax accuracy, and the other has something for everything. So, who do you choose to fight for your…
Ahoy, future boat owners! Dreaming of sailing the sunny Florida coast but dreading that hefty sales tax? Fear not! We’ve got the insider scoop on how to avoid sales tax on boats in Florida. Keep reading to discover how you…
Does your business tax return look like it is in prehistoric, undecipherable language? It is not just you! Reading a tax return feels more torturous for many business owners than making scrambled eggs with a blindfold. Regardless, understanding your tax…
Could moving your business to Florida reduce your business expenses? Given the rising costs of operating a business in the U.S., it's a valid consideration. To answer, we’ll focus on corporate income tax in Florida and whether businesses have to…
For many Floridians, facing hurricane threat annually is a harsh reality, which is why investing in hurricane shutters has become a top priority. Picture this: Your home is fortified with top-notch hurricane shutters, ready to face any storm Florida throws…
Getting paid to splurge on a new car sure sounds like something that can only happen in video games. But, believe it or not, you can get Uncle Sam to hand you tax credits for buying a car! And unlike…
Buying a new car is always exciting, but getting a tax credit for it? Now, that's something! If you've been eyeing the 2024 BMW X5, you might wonder if it qualifies for tax credits. Spoiler alert: it does! But let's…
Being a parent is a tough job; you’re constantly thinking about how to protect and provide for another human being while worrying about yourself. If no one has told you lately, you should know you’re superhuman. In this blog, we’ll…
Thinking about selling your farmland? Whatever the reason, selling your farmland comes with a lot of planning, from preparing to valuing, listing your property, and capital gains taxes at the top. Yes, capital gains taxes- the reason so many farm…
Let’s face it—nobody jumps out of bed in the morning excited about paying taxes. But if you're a Californian with investments, real estate, or a thriving business, understanding capital gains tax is crucial to keep as much of your hard-earned…
