Business and Tax News
6 Tax Moves to Make Before the Summer’s Over
This summer, taxes are most likely the last thing on your mind, but bear with us! In fact, the summer is a great time to do a mid-year financial...
What’s New About the Home Office Deduction in 2024?
You may be able to deduct home office expenses from your taxes if you are self-employed and operate from home, even if it's just part-time....
The Benefits of Filing Jointly With a Spouse
There's generally a mix of excitement and fear around tax season. However, what if we told you that saying "I do" can actually have financial...
Filing Taxes for a Loved One who has Passed
Bereavement of a loved one is a difficult and emotional period. Unfortunately, even while mourning, there's the pragmatic issue of managing their...
7 Life Events That Qualify You for Special Enrollment Period
Generally speaking, the annual open enrollment period is the only time under the Affordable Care Act that you can purchase a health insurance plan,...
16 Business Finance and Tax Terms You Should Know
Operating a business or side hustle can be demanding! The tax jargon for self-employed and small business owners can be a little overwhelming, so...
The Pros and Cons of Buying vs. Leasing a Car
For most families, purchasing a new car is a big expense that needs to be carefully considered. Discover the benefits and drawbacks of buying versus...
Spread the Wealth, Carefully, with Tax-Free Gifts
Are you considering donating to a worthy cause, or would you like to show your support to a close relative? The first thing you need to accomplish...
9 Health Expenses Covered by Your HSA or FSA that May Surprise You
You're most likely aware that you can pay for prescription medications and other medical expenses with your health savings account (HSA), health...
How to File as a Sole Proprietor
Are you a sole proprietor and curious about the taxes your company pays? We have everything covered. We'll dissect the most important insights and...
What Are Estate Taxes?
The federal government levies an estate tax on the total value of the property owned by a deceased family member. Estate laws are subject to annual...
Head of Household Taxes
One effective strategy to lower your tax bill is to file your taxes as Head of Household (HOH), particularly if you are a single parent or support...
How Can I Protect My Inheritance From Taxes?
Do I have to report my inheritance on my tax return? Generally speaking, you are not required to record any inheritance to the IRS. The federal...
Tax Implications of Owning Rental Property
One form of revenue that affects your tax return is rental property ownership. In order to help you optimize the tax benefits and develop a plan to...
Is Canceled Debt Taxable?
It's great news if a creditor forgives your debt, isn't it? Such a cancellation of debt typically occurs when the statute of limitations on...
Crypto Staking Taxes for 2024
What is crypto staking? Staking is the process by which cryptocurrency holders participate in the validation of blockchain transactions. Staking...
What Are Deferred Tax Assets and Deferred Tax Liabilities?
Standard accounting and tax accounting methods require different methods. If you are expecting to receive a payment, you may be required to pay...
6 Big Tax Mistakes Small Business Owners Make
The way you manage your taxes and record-keeping can have a significant impact on your performance as a small business owner. Look out for these...