Deductions Are Never Enough!!!
There are many deductions to cover, but an important one is the Home Office Deduction. Whether you are a sole proprietorship, S-Corp, or...
10 Strategies To Reduce Your Taxes- #3 Taking Advantage Of Business Credit Cards
Happy December! The holidays are coming, but so is the end of the fiscal year. As a business owner, you probably already know the...
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...
10 Strategies To Reduce Your Taxes! #1- IRS Safe Harbor Rule!
The end of the year is almost here! Therefore, it is time to review your tax position for your business before it’s too late! For the...
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...
IRS Announced Higher Federal Income Tax Brackets For 2022!
We have some breaking news; the IRS has announced higher federal income tax brackets for 2022 amid rising inflation. The consuming price...
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....
2021 Year End Checklist For Businesses
The XQ CPA End of Year Checklist can be found here Today, our team is going to discuss how to prepare your business for the end of the...
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...
