How to Increase Your Tax Deductions Using the Business-Mileage Rule
We absolutely, positively don’t like commuting mileage. You should dislike it, too. It’s personal. It’s not deductible. But with knowledge, it’s avoidable. Let’s eliminate commuting and make those trips from your home to your office deductible. The law gives you two ways to eliminate commuting from your home to your outside-the-home office: Make a temporary […]
How Creating a Strong Tax Planning Strategy Can Save You Thousands
Tax planning is more than hiring a professional to sort your financial affairs at the end of the tax year. If done correctly, tax planning can save you thousands of dollars, countless hours, and a significant amount of stress. A proper tax planning strategy will vary from company to company, especially depending on your financial […]
What’s Difference Between Tax Planning, Tax Avoidance, And Tax Evasion?
For anyone venturing to learn more about taxes, simple terms that are routine in the industry can seem complex at first. It’s important to understand the differences between these terms, whether you’re filing as an individual, small business, or large corporation. People often get confused about the difference between tax planning, tax avoidance, and tax […]
Here’s Why Tax Planning Is Worth The Investment
Many Americans dread tax season, and who can blame them? Navigating ever-changing tax laws is time-consuming and stressful, and coming out of the process with an unexpected balance due is frustrating. Tax planning is the most cost-effective way to eliminate the stressors of tax season and save money on taxes long term, but many individuals […]
The Top 4 Benefits of Year-Round Tax Planning Services
Small business owners deal with tax deadlines year-round, and yet much only work with a tax expert or tax planner for the few months around “tax season”—typically, January through the end of April. While this may seem like a responsible way to cut your business costs, bringing in a tax professional only once a year […]