Why aren’t more small business owners paying their kids under 18? It’s a smart move to shrink your tax liability and gain so much more
Businesses need to file a form 1099-NEC for every person for whom they pay $600 or more over the course of the previous tax year. A 1099-NEC form is only necessary for people who are NOT employees, such as contractors.
The Auto Deduction is the best it’s been in over 30 years, with business owners able to write-off a vehicle faster and with even bigger deductions!
Raising capital for real estate deals isn’t what it used to be. The game has changed—again. In the wake of rising interest rates and the first real wave of investor losses in over a decade, many private equity and real estate investors are realizing the hard truth: attracting capital today isn’t about having the best
April 15th is more than just “Tax Day.” It’s your last chance to make key financial moves that can still impact your 2024 tax return—even though we’re already in 2025. Whether you’re a business owner, investor, or simply looking to reduce your tax bill, these final contributions can still pack a punch. Here’s your checklist
Short answer: Yes—most people should.
The rule of thumb? File an Extension. Send in an estimated payment if needed, gather better records, and file your return before October 15, 2025.
Ever since working from home became the new normal, the confusion around tax deductions has only gotten worse. Can you write off your internet? What about that cozy home office you built in 2020? Are you leaving money on the table? A recent feature by The U.S. Sun is setting the record straight and taking
As the April 15, 2025 tax filing deadline approaches, it’s normal to feel a mix of urgency and anxiety. However, even in these final moments, there are strategic moves you can make to optimize your tax situation. Whether you’re considering filing an extension or aiming to uncover overlooked deductions, here’s how you can take control
There are three (3) common IRS penalties that hit individual taxpayers the most—and the good news is, they can easily be avoided with just a little planning.
Tax season can be stressful, especially if you’re unsure about your tax liability or not prepared with all of your paperwork. Filing an Extension could be the perfect solution! If you’re planning to file a tax extension (Form 4868), you’re not alone—and you’re not in trouble either. In fact, filing an Extension is a smart
When it comes to safeguarding hard-earned assets from creditors and lawsuits, EVERYONE is looking for something that can provide security and peace of mind. A Domestic Asset Protection Trust (DAPT) has the ability to check both of those boxes Whether you’re a business owner, a high-net-worth individual, or someone looking to protect their financial future,
Everyone should have a hobby or some sort of talent/skill that extends beyond their typical 9-to-5, and if you’re good at it…you shouldn’t be doing it for FREE. If you have a side hustle, congratulations—you’re already on the path to financial freedom and building wealth! Driving Uber, selling on Etsy, freelancing online, or running a
Taxes are inevitable, but overpaying them? That’s optional. If you’re a business owner or entrepreneur, you need to know about depreciation and deductions—one of the best ways to legally reduce your tax bill. In this guide, we’ll break it down in simple terms, answer common questions, and show you how to maximize your financial benefits.
RV ownership is on the rise, with over 11 million U.S. households now owning an RV. In fact, 13% of U.S. households own a recreational vehicle, and 43 million Americans regularly go RVing. With numbers like that, it’s no surprise that many people are wondering: Can I write off my RV on my taxes? The
If you’re navigating the tax industry—either as a professional looking to expand your expertise or a taxpayer seeking the right assistance—you might be wondering whether to hire a tax preparer vs CPA. While both professionals help individuals and businesses with taxes, their qualifications, services, earning potential, and authority vary significantly. Below, we break down
