Running a plumbing business is more than just fixing leaks and unclogging drains—it’s also about keeping your finances in check. And let’s be real, bookkeeping probably wasn’t why
Taxes can be tricky, especially when you’re not familiar with all of the deductions you’re entitled to. Overlooking eligible write-offs is like handing the IRS a tip they
Let’s be honest: we don’t know anyone who likes taxes. But the consequences of not paying them on time? Penalties, interest, or worse—a dreaded audit. That’s why it’s
If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you gain tax advantages.
As a small business owner, managing health care costs for yourself and your employees can be challenging. One effective tool to consider adding is a Health Savings Account
Inflation can have a significant impact on federal tax breaks. While inflation has come down since its peak in 2022, some tax amounts will still increase for 2025.
Are you confused about the federal tax treatment of business-related meal and entertainment expenses? You’re not alone because the rules have changed in recent years. Let’s take a
The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of them before it’s too
Self-employment tax is the 15.3% Social Security and Medicare tax that hits every dollar of self-employment income, on top of regular income tax. For owner-operators it is usually
Capital gains and investment income are taxed at different rates than wage income, with their own rules for stock options, RSUs, the 3.8% Net Investment Income Tax, and
How much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80, the IRS recently announced cost-of-living adjustments that apply
Hiring household help, whether it’s a nanny, housekeeper or gardener, can significantly ease the burden of childcare and daily chores. However, as a household employer, it’s critical to
Let’s talk about how our experts can help you reach your financial goals.
