Does your personal tax season unfold the same way every year? April 15th approaches, and suddenly, there’s a scramble to gather receipts, fill out forms, and hit submit, hoping for a nice chunk of change from Uncle Sam. But what if you need cash now, instead of a lump sum later? But what if there...
Advantages of Hiring Your Kids During the Summer to Lower Tax Liability
Summer! A time for carefree days, barbecues, and…tax benefits? For many business owners, summer can be a double-edged sword. The freedom from school and university schedules offers flexibility for families. But finding activities at the right price point that keep young people engaged can be challenging. While summer jobs used to be the norm, it’s...
Upcoming Due Date: Estimated Taxes are Due June 15th
Want to avoid tax season surprises? Master your estimated taxes! The next estimated tax deadline is fast approaching on June 15th, so let’s make sure you have all the basics covered so you’re on top of your taxes. What are Estimated Taxes? Estimated taxes are quarterly payments made to the IRS throughout the year on...
Tax Credits for Energy-Efficient Home Improvements
Feeling the pinch of energy bills? You’re not alone. Around the world, people are seeking solutions to combat rising energy costs. One popular strategy is investing in energy-efficient home improvements. While these upgrades can lead to big savings, they can also make your home more comfortable. Not to mention the environmental benefits we’ll all enjoy...
Cracking Down with the New Beneficial Ownership Information Filing Requirement
In recent times, the financial landscape has witnessed a significant shift from the implementation of new regulations aimed at enhancing transparency and combating illicit financial activities. One such regulation that has garnered attention is the requirement for reporting beneficial ownership information. This mandate, enforced by the Financial Crimes Enforcement Network (FinCEN), marks a crucial step...
Have You Heard About Colorado’s SecureSavings? Here’s What You Need to Know
Offering strong, simple, and accessible retirement-saving opportunities is a great way to keep your employees happy. With Colorado’s new SecureSavings, you can do exactly that. In this article, we will take a deeper look into SecureSavings and what it means for both employers and employees. This new program offers many benefits for everyone involved, so...
How to Create a Business Budget and Why It’s Important
As the new year approaches, it’s time to give some thought to a new budget. Being on top of your finances is a great way to start the new year out fresh and we want to help you get started on the right track! In this article, we will highlight the benefits of having a...
Charging Up Your Finances: Navigating Electric Vehicle Credits in 2023 and Beyond!
Hey there, money maestros and financial aficionados! If you’re someone who loves a good tax credit and is also passionate about greener living, you’re in for a treat! In 2023, the government revved up support for electric vehicles, giving you even more reasons to make the switch to a clean, green driving machine today! Electric...
Our Favorite Business Tech Stack Apps and Why We Love Them
This may sound like a bold statement, but: the backbone of business success lies in a well-constructed tech stack. Let us explain. A well-rounded tech stack can offer insights that can dramatically improve efficiency and provide insights that help drive decisions for your business’s growth. The apps in your tech stack will ideally minimize the...
Latest IRS Updates: Here’s What You Need to Know
Knowing that the Internal Revenue Service is constantly adapting to the changing landscape of tax regulations, we hope to best serve you, the taxpayer, by providing a comprehensive update covering the latest IRS updates and changes. Continue reading to learn if any of them apply to you! Latest Updates: IRS Ends Unannounced Revenue Office Visits...