What is Tax Planning & Financial Advising?
Tax planning and advising is an important aspect of financial planning that helps individuals and businesses minimize their tax liability. A good tax advisor should have a thorough understanding of tax laws and regulations and be able to provide expert advice on how to legally reduce your tax burden. Tax planning involves looking at your…Read More
What is the 179D Tax Deduction?
This is great news for commercial building owners and design firms. Taxpayers who began construction before January 1, 2023 may apply the reference standard 90.1-2007 regardless of when the building is placed in service. IRS Announcement regarding 179D tax deduction referenced to the ASHRAE baseline reference standard For 2023, 179D nearly triples tax Incentives, lowers…Read More
What is a Tax Deduction vs. a Credit?
A tax deduction is a reduction in an individual’s taxable income, which can lower the amount of tax that the individual owes to the government. There are many different types of tax deductions, and they can be used by individuals, businesses, and organizations to reduce their tax liability. The Different Types of Tax Deductions One…Read More
Overview Of Taxes and Cryptocurrency
Let’s Talk About IRAs
A Reminder About 1099-NEC and 1099-MISC Information
Green Book 2022 Tax Proposals
July 1, 2021 THE TREASURY GREEN BOOK OF BIDEN PROPOSED TAX CHANGES The U.S. Treasury has released the Biden administration’s 2022 Fiscal Year Budget, that includes a general explanation of the administration’s 2022 revenue proposals. The publication is commonly referred to as the “Green Book” and outlines the Biden administration’s tax proposals. Keep in mind…Read More
IRS Federal Tax Filing and Payment Deadline Extension
You’ve worked hard to turn that side hustle into your main gig, but there’s only so much time, and taxes aren’t the most exciting part of your day. Maybe looking at this article is already making your palms sweat because you don’t have a plan yet.Read More
The Deadline for Filing 2020 Taxes Has Been Extended
With all the changes to the tax deadlines from the IRS, here is a one page article on what you need to know now.Read More
Online Tax Prep, Any Good?
What’s good and not-so-good about online tax preparation programs? Let’s take a look at both sides.Read More