Why CPAs Don’t Tax Plan

Why CPAs Don’t Tax Plan

During Covid we took the opportunity to do some research. We found that most business owners think that their accountant, CPA, or tax preparer is saving them on taxes. The fact is they aren’t. They are just doing tax preparation. They might check a few simple boxes...
Tax Planning: How to Make the Most of Your Business Taxes

Tax Planning: How to Make the Most of Your Business Taxes

  Tax planning is an important part of any business. It allows you to maximize your savings and minimize your financial burden. Plus, with the right strategy, it can help you take advantage of commonly missed deductions that could save you big on taxes. In this...
What Types of Records Do I Need to Keep?

What Types of Records Do I Need to Keep?

Keep records of all your current year income and deductible expenses. These are the records that an auditor will ask for if the IRS selects you for an audit. Here’s a list of the kinds of tax records and receipts to keep that relate to your current year income...
Tax Planning 101

Tax Planning 101

What Is Tax Planning? Tax planning is proactively managing a taxpayer’s financial situation to minimize they tax liability for both short and long-term goals. Tax planning can range from fairly simple to highly complex, depending upon the intricacies of your business...
Last Minute Year-End Tax Strategies

Last Minute Year-End Tax Strategies

We get inundated at the end of every year with last minute tax questions on deductions and how clients can legally-reduce their Adjusted Gross Income. We’ve compiled a list of the six most powerful business tax deduction strategies that can easily be implemented at...