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You Are Late!!! The Individual Tax Filing is October 17
You Are Late!!! Don't Wait Until The Last Minute! The Individual Tax Filing is October 17. We Need Your TAX Information by tomorrow, 09/30, at 5 pm; otherwise, we cannot guarantee that your tax returns will be ready before the deadline. You will be subject to...
Don’t Wait Until The Last Minute!
The Individual Tax Filing Deadline is October 17. Make sure to get your information to your accountant before it is too late. Consequences of filing after the deadline: Failure-to-file penalty: 5% of the taxes owed for each month outstanding (capped at 25% of the...
You Have Tax Questions. We Have Answers!
How much can my child, Chloe, earn tax-free in 2022? Chloe's salary for 2022 should be $12,950.00, the same amount as the standard deduction for a single person for the year. Should I set my child, Chloe, with a Roth IRA or a 401K? For most children, a Roth IRA is the...
Going Green? Get Green for Going Green
The Inflation Reduction Act (IRA), which was just enacted, includes an expanded tax credit for electric vehicles. The IRA launched a commercial clean vehicle credit for business-use electric vehicles. And it is much better than the credit for personal-use electric...
End-of-Year Tax Planning Ideas for Small Business Owners
As we approach the last few months of the calendar year, it's time to start thinking about ways to reduce your small business taxes. Deferring income and accelerating deductions to minimize taxes—the standard year-end approach—will likely give your business the best...
Love eating out? Don’t Forget to Deduct 100% of Business Meals in 2022
The tax deductibility of some meals and entertainment can be exciting when starting a business, but it varies from situation to situation. The Consolidated Appropriations Act changed how tax-deductible pricey steak dinners are for the 2021 and 2022 tax years. Deduct...
Are you a real estate professional or investor looking for ways to cut your taxes?
Are you a real estate professional or investor looking for ways to cut your taxes? This is your opportunity to register for our WEBINAR. We will cover: 1) How Do I Achieve the REPs to Cut my Taxes? 2) Sell Your Primary Home to Your Corporation 3) What Are Passive...
Would you like to terminate or lower your profit-sharing agreement with the IRS?
Are you a business owner? How would you like to terminate or lower your profit-sharing agreement with the IRS? Most small business owners OVERPAY in taxes - are you? You and I know that the cold, hard truth is that most small business owners and entrepreneurs are...
WEBINAR (SAVE THE DATE): Investors – Cut your Taxes by Achieving the Real Estate Professional Status
Are you a Real estate Professional or an Investor? You may know that you have special tax advantages... But... Are you taking advantage of them by achieving real estate professional status? This is your opportunity to save your spot and join us for a live webinar! You...
Sell Your Home to Your S Corp?
Sell Your Home to Your S Corp to Convert it into A Rental A couple sells their primary home to their S corporation.Can they rent the house from the S corporation?The strategy behind creating an S corporation and then selling your home to that corporation comes into...