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 a small business owner, you know how important it is to maximize profits and minimize expenses—especially in times of economic uncertainty. But cutting costs too aggressively can hinder growth. After all, if you’re too focused on reducing budget lines, it becomes tough to allocate resources toward increasing operations and expanding your reach as an […]
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”) […]
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 […]
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 […]
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. […]
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 […]
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 […]
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