Are you ready to learn some tax planning tips for your business? Calculating annual taxes can be challenging enough for everyday individuals, but these challenges are multiplied for small business owners. In 2020, the IRS announced that it would increase tax audits of small businesses by 50%, and many small businesses simply don’t have […]
When it comes to your financial future and long-term success, your investment manager plays a powerful role. Serving as your guide for wealth management, an investment manager is your partner for fulfilling your financial ambitions, and developing strategies to help you reach these milestones. However, not all investment management services are created equal. That is […]
The April 18 deadline for your 2023 taxes is quickly approaching. Therefore, one core aspect of annual taxes at the back of every taxpayer’s mind is the possibility of triggering an audit. Generally speaking, audits are fairly rare, with less than 1% of Americans being audited on a yearly basis. However, this percentage can certainly […]
When it comes to tax preparation and planning, mistakes are easy to make. From basic information to possible deductions, a far-reaching range of pitfalls that result in an IRS audit or a missed opportunity to save money. According to a 2015 report, federal tax laws and regulations have grown to over 10 million words in […]
With the easing of the global pandemic coupled with a rise in inflation, 2022 saw several broad financial changes that naturally resulted in changes to Americans’ annual taxes. Some of these changes were beneficial. For example, a shift in the tax brackets due to inflation or an increase in the standard deductions. Additionally, other changes […]
The end of January marks the beginning of the tax preparation and planning season. There have been several noticeable changes that taxpayers should know before they start to collect and submit their paperwork. Some things to look out for are form changes, new tax brackets, and more. Here’s a sample of the new-in-2022 things to […]
You have spent a lifetime making careful financial decisions and saving your money so that you can secure your future, as well as the future of your loved ones. No one wants to leave behind a burden when it comes to ensuring that your family members, friends, and charities are properly provided. Also, this means […]
To say that 2022 was a challenging year when it came to smart investing is a massive understatement. While the year began with some optimism as the nation eased out of the height of the pandemic, lingering supply chain issues, the war in Ukraine, and crippling inflation all took a toll as the year progressed. […]
‘Tis the season when many Americans embrace the giving spirit and contribute to their favorite charities by donating items, time, and money. With the end of the year rapidly approaching, it’s a good time to review how your generosity may play a role in your 2022 tax preparation and planning. Donations and charitable contributions can […]
Small businesses rely on cash flow, and the last several years have been exceptionally challenging for businesses to survive for more reasons than one. The pandemic caused businesses to come to a virtual standstill in myriad industries. Therefore, this cessation in operations naturally trickled into other companies and industries. With a shortage in supplies, limited […]