How to prepare for quarterly taxes
Are you a sole proprietor, freelancer, or independent contractor? If so, you should be making quarterly tax payments. If you’ve never done this before, don’t fret. We’ve compiled several FAQs that you can use to get yourself started. Why the IRS wants you to pay throughout the year Can you wait until the traditional tax […]
Signs your small business needs a CPA
Small business owners wear a lot of hats, such as head marketer, sales lead, and inventory manager, among others. Depending on how long you’ve owned your business (and depending on how large your organization is), you may also be serving as your in-house accountant. Accounting duties can take a lot of time, and as the […]
What is Biden’s tax plan?
In 2017, then-president Donald Trump signed the 2017 Tax Cuts and Jobs Act. In addition to lowering income tax rates for single filers, heads of household, and married couples (filing jointly or separately), it raised the standard deduction to $12,000 for single filers, to $18,000 for heads of household, and to $24,000 for married couples […]
Everything You’ll Need for a Successful Tax Appointment
If you’re among the millions of Americans who still haven’t filed their taxes, you should start by making sure you have your documents in order. Not only will this ensure your tax appointment goes smoothly, it will ensure you get the deductions that you’re entitled to. For this blog post we wanted to highlight the […]
Pitfalls of Preparing Your Own Tax Return
If you search online you’ll find countless websites that offer DIY tutorials for just about everything. If you need to change your muffler, you can find how-to video for that. Do you need to hang a flat screen TV in your living room? You’ll find videos for that too. Yet regardless as to how comfortable […]
Tax benefits of estate planning- part I
Most people understand the importance of preparing a will- but they do not know that preparing an estate plan has significantly more benefits. And while a lot of people assume that estate plans are only for the ultra-rich, this could not be farther from the truth.