Business & Strategy

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…

The thought of being audited by the Internal Revenue Service (IRS) can be terrifying for some individuals. As a tax professional, I understand that the IRS has a reputation that can cause worry. Still, if individuals have all their documents in order and follow best practices, the audit can be…

Retirement. Ah, yes, the golden years. It is the time when you finally get to relax and enjoy the fruits of your labor. Or so they say. But let’s face it: most of us are not going to retire with a yacht in the Caribbean or a private jet at…

Small business owners often wear multiple hats to keep their businesses running. They manage operations, human resources, marketing, and accounting. They use accounting software like QuickBooks to manage their finances, track expenses, and prepare taxes. However, relying solely on QuickBooks to manage your finances and to replace the need for…

Navigating the intricacies of the tax code, can be a daunting task, but what happens when you have an issue with the IRS? This is when taxpayer advocacy becomes essential. A taxpayer advocacy office acts as mediator between you and the IRS and advocates for your rights as a taxpayer.…

The cost of medical insurance is a significant concern for many people in America. As a result, it has caused a ripple effect across the economy and the workforce. The high cost of insurance coverage for families and individuals can limit opportunities for job creation, prevent small business owners from…