Business Taxes

89. Thinking of buying an electric vehicle in 2023?

91. TAX SEASON IS HERE!

88. 2022 Tax Rates and Brackets

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Jan 13
2 min

91. TAX SEASON IS HERE!

As you prepare for the tax season, Often, clients tell me they are waiting to receive their 1099’s – but that is wrong! No need to wait...

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87. HERE’S HOW YOU CAN SAVE THOUSANDS IN TAXES

Dec 9, 2022
1 min

Individual Taxes

87. HERE’S HOW YOU CAN SAVE THOUSANDS IN TAXES

HERE’S HOW YOU CAN SAVE THOUSANDS IN TAXES… The American tax system can be confusing and overwhelming, not only to new citizens but also...

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85. Difference between E-File and Paper File

Nov 22, 2022
1 min

Individual Taxes

85. Difference between E-File and Paper File

Over 82 million individual taxpayers file their taxes electronically in 2021, It is 92% of all U.S. Taxpayers! Why E-filing is so...

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84. Where Americans pay less in state income taxes

Nov 18, 2022
1 min

Individual Taxes

84. Where Americans pay less in state income taxes

While individuals and businesses in all 50 states pay federal income tax, residents in 41 states also pay state income tax. Seven states...

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83. Rental Property Deduction Checklist for Landlords

Nov 17, 2022
2 min

Individual Taxes

83. Rental Property Deduction Checklist for Landlords

Owning a rental property is a huge part of the American dream. Renting out a residential property can be a solid investment, but there...

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81. TAX Comparison Between S- and C-Corporations

Sep 15, 2022
2 min

Business Taxes

81. TAX Comparison Between S- and C-Corporations

When an individual becomes to own a small business he or she must make the choice about business structure. In this article, we show you...

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74. Looking for an Accountant You Can Trust?

Aug 13, 2022
3 min

Individual Taxes

74. Looking for an Accountant You Can Trust?

Top 7 questions you must ask your accountant: 1. What information do you need from me? You must come prepared for an accounting...

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72. It's Time to Start Your Own Business!

Aug 10, 2022
2 min

Business Taxes

72. It's Time to Start Your Own Business!

Start your own business! Starting your own business is one of the most powerful ways to take control of your life and make extra money....

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71. How to open a Bank Account for Minors

Jul 28, 2022
4 min

Individual Taxes

71. How to open a Bank Account for Minors

Nowadays it is a must to have a bank account and it is never too early to start saving money and teaching kids how to manage income and...

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70. Why You Should Pay Your Children Under Age 18?

Jul 26, 2022
2 min

Individual Taxes

70. Why You Should Pay Your Children Under Age 18?

In case you haven’t considered it, hiring your children may be the easiest and legitimate way to cut your taxes. In this article, I am...

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69. The Annual Report: What You Need to Know!

Jul 21, 2022
2 min

Business Taxes

69. The Annual Report: What You Need to Know!

What is an Annual Report? An Annual report is necessary because it keeps the company in good standing status as a registered entity. In...

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Jun 22, 2022
1 min

Individual Taxes

67. Don’t Waste Money on Penalties!

Don’t waste money on penalties! Penalties apply when you owe taxes or did not file a tax return or extension. Keep in mind that the...

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66. 1040x Amended (Corrected) Tax return. True Stories (All names are changed)

Jun 16, 2022
4 min

Individual Taxes

66. 1040x Amended (Corrected) Tax return. True Stories (All names are changed)

Important! You can correct your taxes for the last three years! Story 1 Clients Alice and Erik came to our office with a recommendation...

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65. Why the IRS Audits You and What to Do if You Are Audited?

May 13, 2022
4 min

Individual Taxes

65. Why the IRS Audits You and What to Do if You Are Audited?

If you just received a notice that your taxes are being audited: what does it mean? A Tax Audit is an accounting procedure where the IRS...

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64. Have you got a letter from the IRS? Don’t ignore it. Don’t panic and act on time.

May 12, 2022
1 min

Penalties

64. Have you got a letter from the IRS? Don’t ignore it. Don’t panic and act on time.

What to do: Verify why exactly the IRS sent you a letter. The agency categorizes notices to: – information letters (the agency wants to...

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62. What Records Should I Keep for Taxes and for How Long?

May 10, 2022
1 min

Individual Taxes

62. What Records Should I Keep for Taxes and for How Long?

According to the IRS, records should be kept for 3 years from the date you filed your original return, and for 7 years if you file a...

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57. Tax optimization with 401K Solo MUST have payroll!

Feb 26, 2022
3 min

Business Taxes

57. Tax optimization with 401K Solo MUST have payroll!

Get ready to launch a solo 401(k) retirement plan Most contributions and other limits for retirement plans only budged slightly for...

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Feb 25, 2022
1 min

Individual Taxes

56. Error in form W2 or 1099?

Substance over form. Have you received a W-2 or 1099 with an error? Check forms carefully to ensure accuracy. If you discover a mistake,...

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