Tax-Saving Tips – October 2024
Three Possible Ways to Deduct Your Dog or Cat Dogs, cats, and other household pets are expensive. Owners spend an average of $1,270 to $2,800 a year to own a dog. Can you ever dedu
Tax-Saving Tips – September 2024
BOI Reporting Deadline Is Closing In The clock continues to tick. Here are the upcoming deadlines for filing your Business Ownership Information (BOI) reports with the U.S. Departm
Tax-Saving Tips – August 2024
Tax Guide to Deducting Long-Term Care Insurance Premiums Long-term care costs can be substantial, and neither Medicare nor Medicaid provide comprehensive coverage for most peopl
Tax-Saving Tips – July 2024
July 2024 Claim Up to $32,220 in Missed 2021 Self-Employed COVID-19 Sick and Family Leave Credits Today Were you self-employed during 2021? If so, there is a good chance that you c
Tax-Saving Tips – June 2024
June 2024 Cost Segregation: Is This Strategy for You? One significant tax benefit of owning residential rental property or non-residential commercial or investment property is depr
Tax-Saving Tips – May 2024
May 2024 Protect Yourself from Costly Payroll Fraud When you own and operate a business, you must exercise vigilant oversight, including watching over your payroll taxes. Here’s
Tax-Saving Tips – April 2024
April 2024 Turn Your Vacation—Even a Luxurious One—into Tax-Deductible Business Travel Here’s an idea: how about transforming your next vacation into business travel? With ca
IRAs for Young Adults
IRAs for Young Adults As we navigate the complexities of financial planning, one opportunity stands out for young adults: individual retirement accounts (IRAs). With the 2023 tax-y
Estimated Tax Penalties
Estimated Tax Penalties The United States has a “pay as you go” tax system in which payments for income tax (and, where applicable, Social Security and Medicare taxes) must be
Corporate Transparency Act Requires BOI Reporting to FinCEN
Corporate Transparency Act Requires BOI Reporting to FinCEN The Corporate Transparency Act (CTA) is upon us. It took effect on January 1, 2024, and imposes a new federal filing req