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IRS: Builders of New Energy-Efficient Homes May Qualify for Expanded Tax Credit
🔔 The Internal Revenue Service (IRS) recently released Notice 2023-65, which provides guidance on the new energy-efficient housing credit, as modified by the Inflation Reduction Act (IRA). The provision, as amended by the IRA, allows eligible contractors who construct...
New Study: U.S. Latino Economic Output Grows to $3.2 Trillion
The U.S. Latino economy continues to grow, reaching $3.2 trillion in 2021, up from $2.8 trillion the previous year, according to a new report from the Latino Donor Collaborative in partnership with Wells Fargo. Over the past decade, the U.S. Latino economy has grown...
Six Strategies You Need to Know for Your Tax Planning
Tax planning is the analysis and arrangement of one's financial situation in order to maximize tax breaks, and minimize tax liabilities in a legal and efficient manner. Tax rules can be complicated, so it's important to know them and use them to your advantage, as it...
SIMPLE IRA vs. SEP IRA: Advantages & Disadvantages
Entrepreneurs and self-employed professionals have more than one way to set up a retirement account for themselves and their employees. Two of the most popular are the SIMPLE IRA and the SEP IRA, which offer many of the key tax advantages of a regular IRA, and avoid...
Learn about Tax Advantages of Traditional and Roth IRAs Accounts
The easiest way to start saving for retirement is through an IRA, but the type of account you choose could make a big difference in the amount of money you receive when you stop working. Traditional IRAs and Roth IRAs are the two most popular types of retirement...
What are the Main Differences Between IRA and 401(k) Accounts?
An IRA (Individual Retirement Account) and a 401(k) are two types of retirement savings accounts designed to help people save and invest for retirement. However, there are significant differences between them. Let's take a look! Sponsor and Eligibility • 401(k): This...
Accounting Services: A Key to Business Success
Having an accounting service is essential to success and financial stability for any company. Business owners can often underestimate the importance of having accounting professionals at their disposal, but in reality, this investment can make a huge difference in the...
My Tampa Small Business Health Quiz (Part 2)
Last week, I began asking you a series of questions about your business. Hopefully those have had some time to percolate in the business-owner-guru-strategist side of your brain. I'd like you to thoughtfully consider the new questions I'm raising today. Please do...
My Tampa Small Business Health Quiz (Part 1)
Something a little different for you today. A quiz you’ll actually find useful (unlike all those BuzzFeed ones about which vegetable are you most like). Taking a minute to examine your small business’s health this time of year will help shape how you reach for your...