Blog
Did You Know the IRS Website Offers Helpful Resources for Taxpayers?
The Internal Revenue Service (IRS) encourages taxpayers to visit IRS.gov for tips, tools and resources to help them prepare to file their 2023 federal income tax return. The Get Ready to File Your Taxes page on IRS.gov outlines steps taxpayers can take now to make...
Things to Do Before Tax Day
Happy New Year to all! β€ Whether you're taking a well-deserved break or you've already got your New Year's resolutions in gear, taxes may be on your mind. You should already have an idea of what you will have to pay on tax day. If you don't have it and don't want to...
Did You Know Donations Offer Tax Advantages?
π December is a generosity season, and if you feel the need to make donations this year, you may be rewarded with tax advantages. If you donate to an organization that meets the requirements of section 170(c) of the tax code, you can deduct that charitable donation...
Busting BOI Report Myths
You've probably heard about BOI (Beneficial Ownership Information), but don't quite know what it's all about, or how it can affect your company. π Don't worry, we'll answer some of your questions here - let's get started! πΉ What is BOI reporting? β The Beneficial...
Tax Saving Moves You Can Make Before the End of the Year
π Tax Day may still be months away, but there are many steps you can consider before then that will help manage your bill. In fact, certain tasks should not, in some cases cannot, wait until next year, lest you miss out on potentially important opportunities. Here are...
The Importance of a Roth IRA Account for Your Kid
π Investing in a retirement account for your child or teen might sound crazy, but itβs one of the easiest ways to transfer and build generational wealth. While money in a Roth IRA is most easily withdrawn once youβre age 59Β½, contributions to a Roth IRA can be...
The year 2023 is ending: Do you already have your taxes in order?
β You know what's a frustrating experience? Getting to season of taxes and then finding out you owe a hefty tax bill. β You know what's a much better one? Knowing how much you owe months in advance so you can prepare to pay that tax bill. π― And there's one that tops...
Do You Know How to Deduct Up to $25,000 from Rental Properties?
π No one wants to lose money on their rental properties, as they are famously cash-flowing and can be a great source of passive income. But if you currently have a vacant property or a very low rent, it may not be the end of the world if you have a Modified Adjusted...
IRS Announces New Income Tax Brackets
π₯ This week, the Internal Revenue Service (IRS) unveiled new inflation-adjusted income tax brackets and standard deduction amounts that will be in effect for the 2024 tax year. These numbers will be relevant to the tax return most Americans will file in early 2025....