Nearing retirement? Use an HSA.
Date29 Dec 2022//
Nearing retirement? Here's how to get the most out of your HSA.
Starting An S Corp? These Four Questions Will Help You Decide
Date05 Dec 2022///
CategoriesS-Corp, Tax Tips, Uncategorized
Do S corps really live up to the hype? Even though everyone else is forming one—should you? How do you know if it’s really worth the time and investment? The truth is every business is different, forming an S corp is a...Read More →
ROTH IRAS: PUT YOUR CHILD’S SUMMER EARNINGS TO WORK
Date02 Sep 2022///
A Roth IRA allows you to make after-tax contributions instead of pretax contributions, such as those you might make with your own IRA or your employer's 401(k). It's important to create your account as a Roth IRA when set up, even though Regular and Roth IRA's are similar.
DEDUCTING BUSINESS-RELATED CAR EXPENSES
Date25 Jul 2022///
CategoriesDeductions, Tax Tips, Taxes
If you're self-employed and use your car for business, you can deduct certain business-related car expenses. First thing small business owners need to know is that there are two options for claiming deductions
THE 2022 TAX FILING SEASON: WHAT YOU NEED TO KNOW
Date10 Feb 2022///
Monday, January 24, 2022, was the official start to this year's tax season. By now, everyone should have received most of the information they need to make sure they file a complete and accurate return.
Didn’t Receive Your Stimulus Check? Here’s What To Do
Date15 Jan 2021///
Were you eligible to receive the first or second stimulus check, but never received it? If yes, trust me when I say you’re not alone. Many Americans are falling into this category. The second stimulus check had until January 15th to get all the funds dispersed. So if you haven’t received your check by then, these are the steps you need to take.
Gifts and Taxes: The Sooner the Better
Date04 Dec 2020///
While festivities may be somewhat dampened this year due to the coronavirus, the holiday season seems to foster a spirit of giving. This year might be a good time to indulge the spirit if you have the means to do so.
Date12 Nov 2020///
After sitting with clients the last few weeks, I realized I have been discussing the same topic over and over. The reoccurring topic, how to structure your business? After going over the pros and cons of most business structures with clients, we have found most businesses will benefit from an S-Corp the most.
Vacation Home Rules for Losses
Date22 Oct 2020///
Generally, if you rent out a vacation home to tenants while you’re not using it personally, you can deduct expenses to offset taxable income from the rental. This includes expenses such as mortgage interest, property taxes, repairs, utilities, insurance, etc. In fact, you may even be able to deduct a loss for the year if expenses exceed income.
Tax Tips for Those Affected By Hurricanes
Date25 Sep 2020///
Every year, hurricanes, tornadoes, floods, wildfires, and other natural disasters affect people throughout the US. The bad news is that recovery efforts after natural disasters can be costly. For instance, when hurricanes strike they not only cause wind damage but...Read More →