Latest Tax News & Updates
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Tax Relief Options for Small Business Owners
Taxes are always a challenge and can be a bit overwhelming this time of year as filing deadlines approach in the next few months. Even the savviest and most nimble business owners may have a hard time keeping track of all the changes happening to the tax code for 2022...
Tax Advisors – Worth the Cost?
As you manage and grow your business it is important to make sure that you are spending money on services that provide a benefit in line with their cost. Decisions that you make can have a significant effect on your taxes and your overall profitability. For many of...
Understanding Your Net Worth & Planning For Your Retirement
Proper financial planning involves more than living within your means, setting up an emergency fund, and saving for the future. These are great first steps toward financial freedom and security, but as you build your portfolio you will find additional considerations...
3 Biggest Myths About Taxes
It’s exciting to have a world of information at our fingertips. You can google anything. A search on “How can I save money on my taxes?” yielded 249 million results in 0.57 seconds! In a free society more and greater accessibility to information is essential. Sorting...
5 Tips for End-of-Year Small Business Tax Planning
Tis’ the season to get gifts for friends, battle traffic to buy the perfect turkey, and travel miles to see loved ones. We are forgetting one very important thing though. There’s one more task that small business owners can’t forget - end-of-the-year tax planning....
Year-End Checklist for Your Trust
Trusts are a part of many people’s estate plans. They ensure your assets are protected in life and typically contain instructions for those assets after your death. But trusts are often not updated on a regular enough basis. Because of their complex nature and...
Tax Tips for Self-Employed Entrepreneurs
One of the best parts of being self-employed is seeing the full glory of your efforts - known as your gross receipts - hit your bank account, sans tax. Even though Uncle Sam lets you slide up front, you must be diligent in preparing for tax season as a self-employed...
8 Ways to Avoid an IRS Audit
The Internal Revenue Service is set to get an additional $80 billion and a big chunk of this will be spent upping their enforcement efforts. This means more penalties for rule breakers, but also more audits. While the IRS states that they do not intend to increase...
Tax Credits to Act on Before The End of The Year
When it comes to your taxes, we diligently take the time to make sure that appropriate credits and deductions are applied. However, after the end of the tax year, there is not much we can actively do to help you lower your tax bill. Working with you to identify...
How Financial Forecasts Can Help Your Business Over The Holiday Season
From little kids to big business owners, everyone can agree the holiday season is a busy time. Whether you enjoy the bustle of the shops or the office holiday party, there is no doubt your to-do list gets a bit longer during this time of the year. While many of our...