Why does it feel like a huge chunk of your profits just disappears every year to taxes? For many business owners paying over $100,000 in annual taxes, that feeling of a heavy, unavoidable burden is all too common. This is…
Tax Preparation and Tax Strategy are often used interchangeably, but they’re far from the same. In fact, treating them as the same could be detrimental to your financial situation. One is about getting things done right when the clock’s ticking,…
As a married business owner in the U.S., choosing between Married Filing Jointly or Married Filing Separately can impact how much you owe the IRS. While most married couples file jointly, there are strategic reasons why some may benefit from…
Congratulations! Your baby has a retirement account! Yes, you read that right. And no, it’s not a meme. On July 4, 2025, a sweeping federal law introduced a new type of tax-advantaged savings account for children, known as the Trump…
Bookkeeping services are necessary for businesses that aim to properly manage their financial records in areas of accounts flow, payroll management, internal audits, and tax needs. While many established businesses employ the services of a professional bookkeeper, a small business…
It is no longer news that many businesses from across several industries have been greatly affected by the COVID-19 pandemic. As a result, many business owners have had to shut down their businesses, leaving a significant number of people jobless…
It is easy for anyone to assume that they are no longer obligated to pay taxes or file tax returns once they leave the United States. It might well be the case for citizens of other countries, but not citizens…
Ways to Reduce or Eliminate the Tax on Crypto Gains Currently, in the market, there are massive crypto gains and there are people who are actively selling their crypto businesses. With so many changes in the crypto market, one of…
Shauna A. Wekherlien, CPA had the privilege of contributing this article for Today's Practitioner! Be sure to head over to their site and show them some love! Tax Advice for Physicians In the United States of America, physicians are paid…
How the New American Rescue Plan 2021 Can Help You The economic devastation due to the COVID crisis is continuing to hit several families throughout the country. The American Rescue Plan was recently signed into law by President Biden in…
Operating agreements are one of the most important documents for a business to have, especially if you are two partners that are not related or not married to each other. An operating agreement tells you what's going to happen in…
Do you have a business reason for your travel? If you’re traveling for a personal reason or for a vacation, you cannot deduct those expenses. If you have a business purpose for your travels, you can certainly write those expenses off…
Want to make more money and legally keep that hard earned cash in your pocket! Here are 7 easy steps to follow. https://www.youtube.com/watch?v=KCNQID48198 Seven easy steps to keeping more cash in your pocket. Step one, call us. Book an appointment…
"It ain't over 'til it's over". Fighting the IRS can take a long time; long enough to make 16 or 18 scoreless innings fly by in comparison! If you get audited and wind up behind the count with a deficiency notice,…
We are edging closer to April 15th and, as the deadline approaches, you may be wondering if it’s smart to file an extension or not. Everyone’s situation varies, but it’s important to remember that it’s not necessarily a bad thing…