10 Strategies To Reduce Your Taxes - Tip #2 Maximize Deductions
We are nearing the end of the year with Thanksgiving at a close. Luckily, we have our second strategy out of the ten to reduce your...
Build Back Better Act Has Passed, What Does This Mean To You?
The House of Representatives on Friday morning passed H.R. 5376, the Build Back Better Act, by a vote of 220–213. The bill encompasses a...
This New Tax Rule Will Affect You If You Use Online Payment Apps!
Dear business owners, in this upcoming year, your merchant processor will start requesting you to provide your tax information like your...
Employee Retention Credit Is Now Gone!
We have some shocking news today! ERC has ended! The infrastructure legislation ends the employee retention credit (ERC) early, making...
How Are Taxes Going To Rise Without The Help Of Lawmakers?
While Democrats make a huge push to raise taxes on the wealthy, many of the current tax provisions are going to expire anyways by 2026....
Is America Becoming A Communist Country?
President Joe Biden recently proposed a mandate that the IRS should have access to all of our transaction information (withdrawals or...
Reminder Oct 15 Is When FBAR Extension Should Be Filed!
Today, the IRS reminded all U.S. citizens, resident aliens, and any domestic legal entity to complete the annual FBAR (Report of Foreign...
Why CEOs Are Worried About The Latest Tax Law Changes?
Based on the latest tax law changes, CEOs are getting worried about a potential increase in corporate tax rate from 21% to 26.5%. To make...
Year-End Tax Strategies To Save On Taxes For 2021!
The end of the year is approaching fast, regardless of what new tax legislation that Congress passes, there are a few year-end tax...
1040 Extension Deadline Nears, Biden Administration Raises Taxes on the Wealthy
Top news today, 1040 extended due date. If you have applied for an extension for your 1040, October 15 is the last day to file your tax...
