Every tax season, business owners and professionals search for ways to reduce their tax bills. As a result, a troubling trend has emerged online: fraudulent tax schemes spreading through social media. These scams lure people with claims of quick, guaranteed…
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…
If you are a high-income business owner, you know the drill: you work hard to make more money and build your business. But you also watch a huge chunk of all that money disappear to taxes. Federal income taxes, state…
Did you know that Tax Goddess just turned 21?!! (I know, I know, we look too young! ;p While today we are ranked among the top 1% of tax strategists in the U.S., it all began with something much smaller…
Finding the right tax strategy consultant is key to truly transforming how you legally reduce your tax bill and retain more money as a business owner. Think about it: Tax Goddess, for instance, has helped business owners like you claim…
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…
Taxes can present serious threats to wealth building. Without the right strategies, high-income earners and investors can lose a substantial portion of their earnings to unnecessary tax burdens. Fortunately, tax laws provide plenty of legal ways to reduce what you…
First, there was medical school, where you spent endless nights buried in textbooks while your peers in other fields enjoyed their early twenties with far less pressure. Then came residency, where 80-hour weeks became the norm, your social life took…
What is a private foundation? Private foundations are charitable organizations usually established by a family member, an individual, or a company solely to fund charitable causes. Private foundations are tax-exempt non-profit organizations clearly defined by the IRS under section 501(c)(3)…
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…
Many American taxpayers approach tax seasons with grim resignation. The task of tax filing has to be done, and you have to get it right. Knowing this, you begin to track down receipts, necessary forms, and documents to beat the…
Section 1202 exclusion has been saving individuals and small businesses since as far back as August 1993. However, findings have shown that little is known about this tax incentive. You sure don't want to miss out. So, let's delve right…
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…