Tax & Bookkeeping Hacks for Entrepreneurs

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.

A question we hear all the time is “Should I invest into a Traditional IRA or a Roth IRA?“. What’s the difference between the two? Is one better than the other? Hopefully this post will clear up the mystery! The “best” IRA is the account that leaves you with the most money in retirement. So […]

Savings & Retirement

Roth IRA vs. Traditional IRA

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 […]

Business Tips

Will You Get Audited?

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 […]

Tax Deductions

Top 6 Tax Deductions

Sales tax can be…. tricky. If you have a brick and mortar store it’s pretty simple. You generally charge sales tax on all of the products you sell and then remit that sales tax to your state each month or quarter. Easy. But what about if you have an online store and sell to customers […]

Business Tips

Online Sellers & Sales Tax

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 […]

Tax Deductions, Tax Reform

The Child Tax Credit

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 […]

Business Tips, Tax Deductions, Top Picks

72 Tax Deductions

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 […]

Savings & Retirement

Get Out Of Debt!

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 […]