Maybe you’ve noticed it in the news, but it’s far bigger than Twitter and Elon Musk’s tweets. After expanding staff sizes for years, many tech companies have announced dramatic layoffs in recent months. What’s driving the downsizing? Certainly the risk … Read More
Do You Need an S-Corp?
If you operate your business as a sole proprietor or in a group as an LLC, the S-Corp election might be just want you need! Now, if your profit is less than 50,000 a year then the extra complexity is not worth the small amount of tax savings. But, if you gross over 50,000 it is worth running the numbers to see how much you could save and what other tax/ business/ and retirement advantages you could set up.
Cash Actually Is Trash
Yes, that title is a little over the top, but from where I sit, as a tax professional, cash isn’t the best medium to have on hand. It’s losing its value daily, it’s devilishly hard to keep a grip on, … Read More
Don’t Take the Early Refund Deal.
I’m sharing this as a sort of public service, because the truth is, I don’t like the whole “early refund” silliness… On the other hand, I cringe a little bit when I hear young people talking about getting their return … Read More
Is the Party Over for Tax Credits?
The big tax perks after the pandemic are reduced this year. Parents won’t be getting checks, but they will still have a (smaller) credit to use against taxes owed. The Child Tax Credit was boosted for the 2021 tax year … Read More
Here’s What You Might Have Forgotten
Even though we’re in the midst of tax season, and the office is buzzing right along, I’m always surprised at some of the calls and emails we field this time of year. Sometimes, it’s logical – questions like, “How should … Read More
Is it a Scam? How to Know if the IRS is Really Calling
Here we are, in the middle of tax season and the scammers are coming on thick! Years ago, in the world of paper returns and checks being mailed, you had to worry about a check being stolen, but now? The … Read More
Refunds Might Be Late?
Waiting for a tax refund for your 2022 tax returns? For many, tax returns this year may end up smaller, and beyond that, payments could get delayed as well. Folks looking to get their refunds quickly should sign up for … Read More
Time’s Almost Up
Many, many times, I try to make my writings less about the tactics and strategies surrounding taxes and preparation and more about business ideas and tactics that make sense for all of my entrepreneurial clients. The nice part of this … Read More
Short of Cash to Pay the Tax Man? Here’s What To Do
Well, time is getting closer and I’m already seeing it reflected in the local news and social media articles: what can folks do if they have to pay the IRS this year instead of getting a refund? In reality, this … Read More
The Height of Tax Season
Here we are, smack in the thick of tax season, EVERY tax professional’s “least favorite” time of the year (more on that later…) and yet, I’m writing when I should be up to me ears in returns. How is that? … Read More