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Latest articles in Tax Planning

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Year-End Tax Planning Starts Earlier Than You Think

September may feel early to start thinking about year-end taxes, but that is exactly why it can be such a useful time to review your financial picture. By…

Overlooked Small Business Tax Deductions

Most missed business deductions are not hidden in an obscure section of the tax code. They are lost in ordinary transactions that were paid from the wrong account,…

Mid-Year Tax Check-In for Business Owners

Mid-year tax reviews provide business owners with an opportunity to reassess financial assumptions before year-end decisions become time-sensitive. Revenue, expenses, and profitability often shift throughout the year, and…

A Better Way to Budget for Taxes as a Business Owner

Running a business requires making ongoing financial decisions grounded in a clear understanding of available resources. Taxes are often treated as a separate obligation, addressed only when deadlines…

Income Volatility and Tax Planning: Strategies for High Earners, Entrepreneurs, and Commission-Based Professionals

Most tax advice is written for people with predictable paychecks. Same employer, same withholding, same general ballpark every single year. File in April, maybe get a refund, move…

How Does Tax Return Fraud Happen?

Nobody wants to think about criminals rifling through their financial life, but tax return fraud has turned into one of the biggest headaches facing American taxpayers. The IRS…

Why Sales Tax Rules Challenge Growing Small Business Owners

Sales tax seemed pretty manageable when you first opened your doors. You had local customers, one state to deal with, and the whole process took maybe an hour…

Understanding Estimated Taxes: A Guide for Self-Employed Individuals

Self-employment offers flexibility, independence and the potential for unlimited earnings, but it also comes with important financial responsibilities—one of the most significant being taxes, as your CPA can…

Are You Paying Your Employees Enough? Avoiding Red Flags With Payroll Taxes

Managing payroll is one of the most important responsibilities for business owners. Ensuring employees are paid correctly and on time is essential not only for maintaining morale and…

What to Know About Business Bad Debt Deductions

Running a business often means taking calculated risks, including extending credit to customers or offering loans to other businesses. While this can foster growth, it also comes with…

Is This the Missing Link for Your Home Business?

Running a home business isn’t without its own unique challenges. For all the conveniences that operating a business out of your home brings, there are some pitfalls that…

Understanding the 1031 Tax Exchange

Despite the changing economy, real estate remains one of the most reliable ways to build wealth. The downside to that is, the more wealth you build, the more…

What to Do If You Can’t Pay Your Taxes?

Every year, millions of taxpayers in the U.S. dutifully submit their tax returns, along with whatever taxes they owe to the government. But there is also a large…

How to Plan for Quarterly Taxes as a Self-Employed Individual

Being self-employed these days is more common than ever before. More people are deciding that it’s better to be their own boss rather than punch a time clock.…

The Psychology of Money: How Behavioral Economics Impacts Financial Decisions

People can have strange relationships with money. For some, it’s a powerful tool to get what they need. For others, it’s a necessary evil; something they have to…

What Are Estimated Tax Payments and Do You Have to Make Them?

If you’re a business or self-employed, you have to deal with estimated tax payments. These are used to pay alternative minimum tax, income tax and self-employment tax. Many…

What Are Estimated Tax Payments and Do You Have to Make Them?

If you’re a business or self-employed, you have to deal with estimated tax payments. These are used to pay alternative minimum tax, income tax and self-employment tax. Many…

Avoid These Estate Planning Mistakes

While it's easy to plan out your day or week, doing your estate planning can be far more complicated. Unfortunately, many people put it off as long as…

What Are The Retirement Contribution Limits For 2022?

As you look ahead to retirement, one of the most important things is making the maximum contributions to your various retirement plans. In 2022, cost-of-living adjustments have resulted…

Savvy Money Moves For Parents of School-Aged Kids

With tuition rates and fees going up every year, seeing your child graduate with their college degree may sometimes feel like an impossible dream. However, it doesn't have…

The Best Tax States For Retirees

When the golden years approach, many soon-to-be retirees start looking for better horizons. A higher quality of life often means relocating to a new state. When it comes…

Why Your Tax Refund Is Late In 2021

In case you haven't noticed over the years, the federal government tends to move at a very slow pace. This is particularly true of the IRS, where speed…

2021 Guide to the Roth IRA

One of the best ways to put away money for your retirement is with a Roth IRA. A Roth IRA differs from a traditional IRA in that a…

Cryptocurrency and Your Taxes

If you are like many people, you may be involved in cryptocurrency trading, such as Bitcoin. If this is the case, don't assume that you have found a…

Tax Considerations When Looking For a Place To Retire

Now that you are close to retiring, you need to decide where you wish to spend your post-work life. Even if you have planned well and have plenty…