What Medical Expenses are Tax Deductible? Those living without insurance, or enrolled in plans with high deductibles, understand that medical expenses can be detrimental to your finances. Even with a good health insurance plan, the expenses can add up. There may be certain things that fall outside of your coverage, emergencies that require high co-payments,…
Preparing for 2021: Tax Planning Strategies for Small Business Owners Life as a small business owner is an upward battle. In a world dominated by corporate companies, it can be difficult to rise above and achieve success. 2020 did not make this any easier. With the consistent changes to rules and regulations of operation caused…
10 Easy End of Year Tax Tips to Increase Your Tax Refund As the year comes to an end, it’s time to start thinking of your income and make some decisions that will help you increase your tax refund. Make sure that you keep all of your receipts throughout the year and start getting them…
Top 7 Benefits of Outsourcing Your Small Business Payroll Payroll is one of the most important parts of any business. Without payroll, you wouldn’t be able to hire employees and compensate them for their time. You’d also be stuck facing legal penalties for tax evasion… or worse. However, as a small business, payroll can seriously…
How Coronavirus is Affecting Small and Midsize Businesses Over the past few weeks, news channels, social media platforms, radio stations, and casual conversations have been dominated with information relating to the novel coronavirus, COVID-19. We’ve seen a drastic shift in how we live our daily lives and every day brings updates and more uncertainty. What…
What to Know About Tax Deductions for Charitable Donations This Winter As the holidays approach, more and more people are giving to those less fortunate. It’s a great time to be altruistic and share your abundance with others. What many people don’t realize is that making charitable donations this winter can and will count for…
8 Ways You Can Boost Next Year’s Tax Refund Now Tax season is a stressful time of the year. Most people are scrambling to put together their finances and take care of everything they’ve neglected to do throughout the year. With the new amendments to the U.S. tax laws, rates, and brackets, more people than…
A Tax Planning Guide for Real Estate Agents and Brokers Working as a real estate agent or broker is great. You get the freedom and flexibility of an entrepreneur and often create your own schedule. With an entrepreneur-like position, if you want to succeed, it requires a lot of hard work and dedication. Real estate…
The Best Budgeting Tips Going into 2020 For most people, creating a budget is a dreadful task, but it doesn’t have to be. When you take the time to plan ahead you’ll be better prepared for the upcoming fiscal year. It’s even more important for small businesses to focus and make a plan to tackle…
Everything You Need to Know About a Certified Tax Coach Taxes are a part of life. They’re not fun, but they are something we’re all legally required to do. Year after year we call our accountant and go over expenses, but continuing down the same path never yields any different results. Taxes don’t have to…