Save on Taxes and Protect Your Assets: When to Consider Changing Your Business Entity
As a business owner, it's essential to understand how your legal structure affects your taxes and liability. Let's break it down into simple terms.
The SALT Cap Workaround You Should Know About
In response to complaints about the Tax Cuts and Jobs Act of 2017 SALT cap, many states have authorized workarounds that allow a pass-through entity to pay state income taxes at the entity level.
April 1 is last day to start taking money out of IRAs and 401(k)s
For retirees who turned 72 during 2022, in most cases, Sunday, April 1, 2023, is the last day to begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s, and similar workplace retirement plans.
New Online Option for 9 IRS Notices Resolves Issues Faster
Taxpayers who receive certain notices from the IRS now have the option of submitting their documentation online through IRS.gov, reducing time and effort in resolving tax issues.
Independent Living Tax Credit
If you renovated a home in to be more accessible in 2022, you may be eligible for a tax credit up to 50% of the cost of the renovation (up to $5,000), whether βitβs your own home, the home of a family member, or a rental property.
75+ Tax Write-Offs for Business Owners
When it comes to tax write-offs for business owners, I've compiled a list of 75+ expenses that could be deductible for you. View or download the list today.