Finance lessons I wish I learned in my 20s
In my 20s, I used to think budgeting was restrictive, but now I realize it’s the foundation of financial freedom. When you track where your money goes, you’re in control of your […]
tax
Available Now: Taxes 101
I am so excited to announce that I have written my first book, “Taxes 101.” I wrote “Taxes 101” to help entrepreneurs have a basic understanding of how taxes work so that […]
Navigating the California Exit Tax: What You Need to Know Before Leaving the Golden State
California, renowned for its scenic beauty and vibrant economy, also carries the reputation of imposing high taxes on its residents. For those contemplating a departure from the Golden State, there’s an additional […]
How To Know If You Qualify for Employee Retention Credit
If you retained employees through COVID shutdowns, your business could be eligible for a tax refund of up to $26k per employee for tax years 2020 and 2021. Not only is it […]
What Is The Difference Between A Tax Credit And Deduction?
When it comes to taxes, many people get confused about the difference between a tax credit and a tax deduction. While they may seem similar, they actually have different effects on your […]
11 States Will Pay Less Taxes This Year
Eleven states imposed individual tax rate reductions on January 1. According to the Tax Foundation, a group that lobbies for lower taxes, 11 Republican majority states plan to reduce taxes for residents […]
Top 10 Red Flags That Trigger An Audit
Let’s face it, none of us ever want to hear the words “IRS audit”. The good news is that the odds of being audited by the IRS are at the lowest levels […]
QBI Deduction Plus High Income Equals No Problem! (Part 2 of 2)
In Part One of our article series we discussed what the QBI deduction is, which business entities it applies to, and how it is calculated. If you need a quick refresher of […]
New 20% Deduction for Business Owners! Do You Qualify? (Part 1 of 2)
With the recent implementation of the new tax reform, the Tax Cuts and Jobs Act has left many taxpayers in the dark concerning many new major tax provisions. One of these provisions […]
How Does The “Tax Cuts and Jobs Act” Affect You?
What does this new change in the American Tax Code mean to me? Out from all the ruckus has come out a solidified tax reform plan that goes into effect for tax […]
ITINs: A Chance to Participate in the U.S. Tax System
The influx of foreign nationals, non-resident foreign nationals, and immigrants into the United States each year is a demographic phenomenon that has been at the centerpiece of our political and economic discourse […]
Are Retail Sales Helping or Hurting Your Business?
Retail sales have been losing steam in recent months as Americans cut back on their retail spending, showing a growing moderation in consumption. More data indicated the biggest drop in producer prices […]