If you’re a business owner, the idea of turning a vacation into a tax-deductible trip is undoubtedly appealing. However, making this happen requires careful planning […]
Blog
Maximize Your Retirement Savings: A Guide to the Backdoor Roth IRA
Saving for retirement is a top priority for many, but high-income earners often find themselves bumping up against contribution limits for tax-advantaged accounts like the […]
Did You Overfund a Section 529 Plan? Consider a Roth IRA Rollover
Planning for your child’s education is a priority for many parents, and Section 529 plans have long been a favored tool. These tax-advantaged savings plans […]
Bill Payment vs. Amended Tax Return Payment: Choosing the Correct Payment Type Online
When making an online tax payment, it’s crucial to select the correct payment type to avoid delays and ensure your payment is processed efficiently. One […]
Outsourcing vs. In-House Accounting: Making the Right Choice for Your Small Business
In the realm of small business management, accounting stands as a critical pillar of financial health and operational success. As a business owner, navigating the […]
Why Tax Planning Software Doesn’t Cut It
Have you heard that the global tax management software industry is worth around $16 billion? Nowadays, there’s a plethora of tax planning software available, promising streamlined […]
The Form 1041 Due Date Is Soon! Here’s What to Know.
The Form 1041 due date is approaching, and it’s imperative to understand how to handle this information correctly. This will help you avoid issues you […]
The Ultimate Small Business Tax Deductions Checklist
The average small business pays almost 20% of its annual gross income in taxes. Every dollar counts when you’re running a small business, so it’s important to […]
QBI Deduction Explained
If you are a self-employed individual or operate a small business, you might be eligible for the Qualified Business Income (QBI) deduction. This significant tax benefit allows […]
3 Creative Tax Deductions for Small Business Owners
Taxes are as old as civilization itself. The earliest tax records we have date back to Ancient Egypt over 4,000 years ago. Taxes have changed quite a […]