What Can I Deduct As A First-Time Home Buyer?
If you’re a first time home buyer and hoping to get some major tax breaks to help you pay your mortgage, we have everything that you need to know. Unfortunately, the tax […]
Have You Received A 1099 For A State Disaster Relief Payment And Wonder If It’s Taxable?
Both individuals and tax professionals have been confused recently regarding federal tax status on special payments in 16 states. On Friday, the Internal Revenue Service provided details regarding this confusion. Here’s everything […]
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 […]
What You Need To Know About The Child And Dependent Care Tax Credit
Are you a working parent trying to balance the cost of childcare with your income? The Child and Dependent Care Tax Credit may be able to help. The credit is designed to […]
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 […]
Retirement and Tax Benefits Under The SECURE 2.0 ACT
We wanted to help you navigate the Retirement and Tax Benefits under the SECURE 2.0 ACT and give you everything you need to know regarding the topic. When did these changes occur? […]
When Can I Expect My 2023 IRS Refund?
If you’re expecting a refund then you’re most likely a taxpayer who is excited to be filing your taxes and should listen up! When will the IRS begin accepting individual tax returns? […]
How is Cryptocurrency taxed?
So you’ve made some money in cryptocurrency! Congrats! Now, unfortunately, you’ve gotta pay taxes on that gain. Today, I’m going to break down how cryptocurrency is taxes and how to prepare for […]
California Minimum Wages Increase
Starting January 1, 2023, California minimum wages have increased yet again. Not only are the state’s base minimum wage rates increasing, individual cities, including San Diego are raising their minimum wages. We […]
What is a Fractional CFO?
If you run a small or medium-sized business, you are likely no stranger to outsourcing. You’ve probably worked with a marketing consultant, freelance graphic designer, or a contract web developer over the […]
What Happens if I Get Audited and Don’t Have Receipts?
You just received a Notice of Audit from the IRS, only to realize that you don’t have your receipts anymore. What do you do? In this post, we cover how to handle […]