Paying Too Much in Taxes? Let’s Fix That Before Year-End
If you feel like you’re paying too much in taxes, there’s still time to fix that before the year ends. Here are proven year-end tax planning strategies that can help you reduce your tax burden and keep more of your hard-earned money. Why Act Before Year-End? Tax planning isn’t just a once-a-year chore at filing […]
Test Your Tax IQ: Tax-Deductible Cruise Ship Travel
Here’s an example that may be relevant to your tax planning strategy—particularly when it comes to travel for business purposes that may also offer a more comfortable or enjoyable experience. Consider this case: A financial planner needed to meet a high-net-worth prospect in St. Thomas during the winter. Rather than have the meeting in snow-covered […]
What Most People Get Wrong About Taxes — And What to Do Instead
Most people misunderstand taxes in ways that can cost them significantly. Here are common misconceptions and what you should do instead to optimize your tax outcomes. What Most People Get Wrong About Taxes Tax Planning Is Only for the Wealthy or Big Businesses Many small business owners and freelancers believe tax planning doesn’t apply to […]
Vehicle Used for Business Can Produce a Big Surprise Deduction
If you’ve used your personal vehicle for business—whether you’re a sole proprietor or you received mileage reimbursement from your S or C corporation—there may be a valuable tax deduction waiting for you. When you use the IRS standard mileage rate (or when your corporation uses it to reimburse you), the mileage rate is not just […]
Avoid These 7 Costly Mistakes People Make Without a Financial & Tax Check-Up
Financial health isn’t just about how much you earn—it’s about how well you manage, protect, and grow what you have. Yet, many individuals and business owners unknowingly make expensive mistakes simply because they skip regular financial and tax check-ups. With 20 plus years of experience, I’ve seen firsthand how small oversights can lead to major […]
W-2 vs. Business Owners: Why Everyone Needs a Custom Financial Health Strategy
W-2 vs. Business Owners: Why Everyone Needs a Custom Financial Health Strategy In today’s unpredictable economy, understanding your financial health is not just smart—it’s essential. Whether you’re a W-2 employee with a stable paycheck or a small business owner navigating variable income, a one-size-fits-all approach to money management won’t cut it. As a CPA with […]
Year-End 1099-NECs Are Often Wrong—And How to Correct Them
Did you receive a Form 1099-NEC that overstates your income? You’re not alone—and it could mean you’re paying more taxes than you owe. This problem often arises at year-end when a business issues a 1099-NEC based on what it paid rather than what you received. For example, if you were paid in January for the […]
Are You Retirement-Ready? What a 360° Review Can Reveal About Your Future
Are You Retirement-Ready? What a 360° Review Can Reveal About Your Future Retirement should be a time of freedom and fulfillment—not financial stress. Yet, many Americans reach their golden years unprepared, facing unexpected shortfalls in savings, rising healthcare costs, or poorly optimized tax strategies. A 360° tax & financial health checkup provides a holistic assessment of your […]
From Chaos to Clarity: How a Financial Check-Up Helps Small Business Owners Thrive
From Chaos to Clarity: How a Financial Check-Up Helps Small Business Owners Thrive Running a small business is no easy feat. Between managing operations, handling customers, and keeping up with industry trends, many entrepreneurs struggle to maintain a clear picture of their financial health. Without regular check-ups, disorganized finances can lead to cash flow problems, […]
Why Partnering with an R&D Tax Credit Expert Is a Game-Changer for CPA Firms
In today’s highly competitive and compliance-driven environment, CPA firms are constantly seeking new ways to deliver added value to their clients. While traditional accounting and tax services remain foundational, forward-thinking firms recognize the need to expand into specialized advisory areas—especially those that require technical expertise, like the Research and Development (R&D) Tax Credit. However, navigating […]
The Ultimate Guide to a 360° Tax & Financial Health Check-Up: What It Is & Why It Matters
By Anil Grandhi | CEO of AG FinTax | Member of Forbes Finance Council | Named Top 20 Dynamic CEOs in the U.S. In today’s fast-paced world, we track everything—our steps, our screen time, even our sleep. But when was the last time you tracked the health of your finances? A 360° Tax & Financial […]
How a $24.99 Financial Check-Up Can Save You Thousands in Taxes and Missed Deductions
By Anil Grandhi | CEO of AG FinTax | Forbes Finance Council Member Most people think tax season is the only time to look at their finances. But here’s the truth: if you’re only thinking about taxes in March or April, you’re already losing money. A strategic financial check-up—especially one priced at just $25—can uncover […]