Hiring Your Child to Work at Your Business This Summer
With school out, you might be hiring your child to work at your company. In addition to giving your son or daughter some business knowledge, you and your child could reap some tax advantages. Benefits for your child There are special tax breaks for hiring your offspring if you operate your business as one of…
Read ArticleMid-Year Financial Check-Up: Course Correction or Steady As She Goes?
Captain Amelia stands at the helm of her trusty ship, the “Seaworthy,” braving the vast ocean. Back in January, she meticulously charted a course, stocked the hold with provisions, and set sail towards a lucrative new trade route. Now, with the summer sun high in the sky, she realizes they’ve reached the halfway point of…
Read ArticleWhy Year-Round Tax Planning Matters
Tax planning is often viewed as a year-end activity, with businesses and individuals alike scrambling to optimize their finances in the final months of the year. However, effective tax planning shouldn’t be confined to the last quarter. Proactive, year-round tax strategies can provide significant benefits, from maximizing deductions to ensuring compliance and avoiding last-minute stress….
Read ArticleA Cost Segregation Study May Cut Taxes and Boost Cash Flow
Is your business depreciating over 30 years the entire cost of constructing the building that houses your enterprise? If so, you should consider a cost segregation study. It may allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash flow. Depreciation basics Business buildings generally have a 39-year depreciation period…
Read ArticleYear-End Tax Planning for 2022 for Individuals
It is important that, as the end of the year approaches, individual taxpayers review their year and get ready for next year’s tax return. Read our blog for a couple tips from us!
Read ArticleHow to Teach Your Kids the Importance of Saving Money
Learning how to save money at a young age is a great way to develop healthy habits and future financial freedom. We know you want the best for your kids and hope for them to become successful. The best way to start is by teaching them how to save money and why it is so important.
Read Article10 Best Quotes About Saving Money
It seems like there are so many different thoughts on saving money, and it can be overwhelming. That’s why we’ve made a list of our top ten best quotes for saving money. Read our blog to learn more!
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