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. 

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Are you a business owner considering purchasing a vehicle or truck in 2023? Claiming depreciation on that vehicle can make a huge difference in your tax liability. At first glance, auto depreciation might seem like an overwhelming topic. So this blog post will break down everything you need to know about depreciating (aka “writing off”) […]

Tax Deductions

Vehicle Depreciation Limits for 2023

Are you considering purchasing an electric vehicle for your business or personal use? You may be eligible for a substantial federal tax credit! Recently, the Internal Revenue Service (IRS) announced a change to its standard it will use to determine the classification of a vehicle for the Clean Vehicle Tax Credit, also known as Section […]

Tax Deductions

IRS Change Allows More Vehicles to Qualify for Clean Vehicle Tax Credit

Chances are, maximizing your tax savings is top of mind this time of year—especially if you have multiple income streams. When dealing with income from various sources—a job, a business, investments, and more—tax time can get complicated. Fortunately, there are plenty of ways to maximize your tax savings. So read on to discover five tried-and-true […]

Business Tips, Savings & Retirement, Tax Deductions

5 Ways to Save on Taxes When You Have Multiple Income Streams

If you’re a small business owner and you work from home, you may qualify for a home office deduction! This is a big perk to help lower your taxes. You can take this deduction if you use a portion of your home exclusively, and on a regular basis, for any of the following: If you […]

Tax Deductions

Deduct Your Home Office

The Earned Income Tax Credit (EITC) is one of the most significant tax credits available to taxpayers. However, it is also one of the most complicated tax credits. With January 26th marking national EITC Awareness Day, it’s a great time to remind the many workers who may be missing out on this valuable tax credit. […]

Tax Deductions

Earned Income Tax Credit

With another quarterly estimated tax payment right around the corner (remember, these federal payments are due April 15th, June 15th, September 15th, and January 15th) you may be wondering what all this talk about estimated taxes is even about. Do you have to pay them? What are they? How do you pay them? Let’s dive […]

Quarterly Estimated Taxes

Estimated Taxes

As a business owner you wear A LOT of hats. Operations, marketing, business development, and the list goes on. With all that hard work, I’m sure one of your goals is to earn a healthy profit. Which is awesome!! There’s just one small problem… when you earn a profit, you also earn the fun requirement […]

Tax Deductions

10 Crucial Tax Write-Offs

As we approach the holiday season, you may be thinking about sending gifts to some of your clients. Or maybe you would like to thank your employees and contractors with a little year-end gift. As a business owner and leader this is a great way to build lasting relationships and team morale! So let’s walk […]

Tax Deductions

Are Gifts a Write-off?

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