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…
The purpose of putting your money aside to create an investment portfolio is to make more money and hopefully reach your financial goals faster than you think. You know what? When you finally win big on your investment, something else…
Taxes have a way of sneaking up on you. One moment, you are dancing to happy tunes and celebrating a new purchase; the next, you are trying to figure out how much you owe in excise tax. The term excise…
Business owners who are also aspiring pilots, have you ever wondered if the cost of flight training can qualify as a tax-deductible expense? Well, fasten your seatbelt as we are about to fly (pun intended) through the tax code to…
So, you have heard a thing or two about real estate tax strategists, but you are still trying to figure out what they do or how they can help you as a real estate investor. Could they help you triple…
