The Inflation Reduction Act (IRA), signed into law by President Biden on August 16, contains many provisions related to climate, energy, and taxes. There’s been a lot of
You may qualify for valuable home office deductions if you’re a business owner working from home or an entrepreneur with a home-based side gig. But not everyone who
Do you own a successful small business with no employees and want to set up a retirement plan? Would you like to upgrade from a SIMPLE IRA or
The business entity you choose can affect your taxes, your personal liability, and other issues. A limited liability company (LLC) is somewhat of a hybrid entity. It can
When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s combined income. Therefore,
Certain employers are required to report information related to their employees’ health coverage. Is your business ones that needs to comply? If so, what must be done? Basic
If you don’t have enough federal tax withheld from your paychecks and other payments, you may need to make estimated tax payments. This is the case if you
Were you surprised to find you owed money when you filed your federal tax return this year? If so, you might want to change your withholding so this
Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples that could
Many people wonder how they can save taxes by transferring assets to their children. This tax strategy is called income shifting. The goal is to take income out
You might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling it. You can defer tax on
Sadly, due to the pandemic and the economy, many businesses have been forced to shut down recently. If this is your situation, we can assist you, including taking
Let’s talk about how our experts can help you reach your financial goals.