Embarking on a journey towards financial well-being often begins with a simple yet powerful tool—budgeting. In this blog post, we'll...

1. Social Security Tax: The Social Security tax is integral to funding support programs for retirees, disabled individuals, and...

Navigating the complex landscape of taxation is a concern for individuals across all income brackets. However, high-net-worth individuals...

Summary: Navigating small business finances involves creating a detailed budget and monitoring cash flow, maintaining accurate financial...

Congratulations! You've had a great year in your professional life in terms of income and you've got a lot of excess cash and you're...

Often marketed as a tax savings vehicle, permanent life insurance does grow tax deferred and because a policy holder can take loans...

I get this question often about what depreciation is and why would you get a depreciation deduction when the value of real estate is...

Many people misunderstand the difference between a tax deduction and a tax credit. They think that because they have “write-offs” that it...

If you have a small business and you're tax bill appears to be higher than normal and you have concerns as to whether or not it is...

Many people often ask me if I prepare individual returns and the answer is absolutely! As a CPA/PFS I love to prepare individual returns,...

The habit of saving money is important and not prioritized as much as it should be. This is often because the media is focused on...

Here are some things to talk about with your tax advisor: Expenses paid for personally that may be deductible for your business - you may...

Contribute to a retirement plan (traditional IRA, 401k, SEP IRA) Contribute to an Health Savings Account (High Deductible Health Plans...

Did you know that you can write off a vehicle you use over 50% for business and it doesn’t have to be purchased in the businesses name?...

Many people don't realize that if you've received a penalty from the IRS, whether it's a penalty related to your business or you as an...

As a business owner, you should carefully consider the advantages of establishing an employer-sponsored retirement plan. Generally,...

In the most simplest of terms, Accounting is keeping track of your business transactions in a systematic manner using a certain method....

The Section 162 of the Tax Code defines a business expense as anything ordinary and necessary. This means that any expenses you've...

The government encourages us to save for retirement by allowing us to not pay tax on the income we've used to put money into our...

Tax planning is critical to effective wealth building, not paying unnecessary tax, as well as avoiding surprises at tax time. Tax...