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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With tax season right around the corner, this is the time of year that many business owners are thinking about taxes. Do you want to reduce your taxes? Of course you do. One way of doing this is implementing tax deferral strategies. But what does that even mean? Tax deferral means taking a deduction and […]
Running a small business is already a juggling act—do you really want to complicate things further by having the wrong bank accounts? Whether you’re starting out, expanding, or streamlining your finances, having the right mix of business bank accounts is like having the perfect tool for the job—it just makes everything run smoother. To help […]
How much do you need to retire comfortably? It’s a tricky question to answer, but according to a survey from Schwab Retirement Plan Services, on average, Americans believe they need to have $1.9 million saved for retirement. A seven-figure 401(k) balance is certainly an achievement, but it can come with some tax challenges in retirement […]
UPDATE AS OF MARCH 28, 2025: On March 26, 2025, FinCEN published an interim final rule in the Federal Register that significantly narrows the scope of the BOI reporting requirements. Most notably, domestic entities are no longer required to file BOI reports. Chances are, your business now faces a new compliance requirement: FinCEN’s Beneficial Ownership […]
The idea of moving from a high-tax state to a low-tax one can feel like an absolute dream. Low-tax states like Florida, Texas, Nevada, and Tennessee offer sunshine, maybe a slower pace of life, and a little extra in your pocket at tax time. This trend has become increasingly popular—especially since the pandemic made remote […]
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 […]
It’s the 21st century. We live in a digital world. No one wants to keep hundreds of little scraps of paper throughout the year! So is it really necessary to keep that tiny receipt documenting the stamps you just bought at the post-office? If you’re a business owner, freelancer, or anyone who is doing any […]
If you’ve recently inherited an IRA, you need to be aware of several important tax considerations, especially if the IRA came from someone other than your spouse. Because while the original account owner could wait until they reached retirement age to start taking distributions from the account, you might need to start taking withdrawals right […]
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