Category: Business & Finance

Proper tax planning is a year-round proposition, not last minute at the tax return season. You cannot afford to wait until taxes are due to start planning them and assessing your tax liability. Knowing which factors can raise your taxes is one of the best ways to keep your hard earned money in your pocket. These five factors can unexpectedly raise your tax liability at the end of the year. Note: If you owe back taxes, our firm can help negotiate with the IRS and potentially settle your tax debt.…

More and more people have been looking beyond the normal nine to five and making their own way in the world, creating an income they can rely on, one that is directly tied to their skills and abilities. Since people are working remotely due to COVID-19, this accelerated this trend. Working as a freelancer or gig worker can also open up a world of tax savings possibilities. From retirement plans with generous contribution limits to health savings accounts to cover the high cost of private insurance to the ability to…

Tax filing season is probably the worst time of year if you are a procrastinator. With deadlines looming, filling out all those complicated forms and making sense of an increasingly complex tax code that changes almost every year can seem like an overwhelming task. But no matter how long you put it off, the April 15 tax filing deadline will arrive, and what you do to get ready will make all the difference. Most Americans voluntarily file and pay their taxes. Most people explain it by saying they want to…