Electing to be taxed as an S-Corporation instead of an LLC or sole proprietorship can have significant tax benefits. S-corporations are pass-through entities, meaning that you do not pay any federal taxes on the company level; instead, you pay taxes on the profit from...
Are you newly married? Or maybe you’ve been married for a few years, but you noticed that your taxes have been sky high? Then it may be time to change your tax filing status. Married Filing Jointly (MFJ) This filing status means you and your spouse file one return...
It feels like deja-vu. Tax season, like last year, seems to never want to end. And while the extended deadline initially seems advantageous, you might actually find yourself procrastinating even more. So we recommend the following to help you keep your tax information...
The new year is almost here! This is your official reminder: it’s time to take your required minimum distributions before year end to save your retirement fund! Before you do, though, we recommend getting a better understanding of RMDs to avoid unplanned penalties and...
Did you know that making even small financial moves at the end of the year can significantly impact your taxes next year? Well they can, for better or for worse. We want to help you take action that will positively affect your taxes in 2022. Read on to learn the...
Recent Comments