Yep, you can write that off! We’re here to help you maximize your profits, minimize your tax liability, and tap into the right tax deductions for your small business.
As part of the recently passed Inflation Reduction Act, the IRS has been allocated $80 billion over the next ten years. Yes, billion with a “b”! About half of those funds will be used for enforcement. And while the IRS has pledged that they will not use these funds to increase audits of small businesses […]
Did you know that approximately 93% of small business owners overpaid on their taxes over the past 12 years, based on a survey conducted for Forbes a few years ago? 93%!! Being a small business owner, freelancer, or independent contractor is hard enough – but it’s even harder and more expensive when you’re paying more […]
Historically many people have claimed the child tax credit to help offset the rising cost of raising children (did you know that on average, kids cost approximately $300,000 from birth to age 17?!). There have been a lot of changes to the child tax credit over the past few years; it first changed during Tax […]
Many business owners are surprised to learn that taxes are one of their biggest costs. Soul crushing, right?! That’s why it’s so important to be aware of as many deductions and credits as possible to keep more of your money in your pocket! PS – Download this entire list in PDF form to keep handy […]
The average individual will normally experience borrowing on some type of credit at some point. And that’s okay! It might sound strange, but not all debt is “bad.” Certain types of debt can actually provide opportunities to improve your financial future. Good debt should ideally be in low amounts, low cost, help you achieve your […]
Does the thought of all things accounting and taxes as an entrepreneur completely freak you out? Don’t worry, I’ve got you. Let’s walk through the 8 things you need to do throughout the year as a business owner to make sure you are in tip-top shape come tax season. Follow this list and I promise […]
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