Month: October 2023

Several years ago, a renowned pastor shared an unconventional piece of advice with his peers, many of whom were managing small to medium-sized congregations. He advised them to “Buy the best equipment that your money can buy.” It was surprising to hear such emphasis placed on top-tier office equipment rather…

The journey of self-employment is a path of independence and autonomy, but it also comes with its unique set of challenges. One such challenge is understanding and managing your tax obligations. As a self-employed individual, you are both the employee and the employer, bearing a dual responsibility that extends to…

When it comes to managing your finances, clarity is critical. And if you’re a business owner, this clarity becomes even more critical. Today, we will discuss an aspect of financial management that’s often overlooked but exceptionally vital: the importance of maintaining a separate business bank account. A business bank account…

Owning rental properties is more than just a source of passive income. It’s a strategic move that can yield significant tax-related benefits, helping you to optimize your financial growth. This blog post will delve into the various tax deductions available to rental property owners and how to leverage them effectively.…

Proper documentation is essential to staying compliant with the Internal Revenue Service (IRS) and maximizing tax returns for individuals, businesses, and non-profit organizations. Use the tips in this blog to create your best practices for keeping accurate records to help you stay out of audits and maximize your profits. Keep…